What is Corporation Tax and How Does It Affect Your UK Business?

If you run a limited company in the UK, you’ve likely encountered Corporation Tax - one of your business’s most important financial obligations. But what exactly is it, how much do you need to pay, and what are the consequences of getting it wrong?

What are the Benefits of Paying Corporation Tax Early?

Discover why UK companies choose to pay corporation tax early. Learn the benefits, HMRC interest rules, and how early payment can support your business.

Limited Company VAT: What You Need to Know

In this post, we’ll explore everything you need to know about Limited Company VAT, including when you need to register for VAT, how to manage VAT for your business, and the common VAT schemes available.

How to Handle Payroll and PAYE for Your Limited Company

When you run a limited company, managing payroll and understanding PAYE (Pay As You Earn) are essential aspects of your responsibilities. Not only does this involve paying your employees correctly, but it also ensures compliance with UK tax laws.

Retained Earnings Explained

In this guide, we give you a complete retained earnings explanation, how they are calculated, and why they are important for your company’s financial strategy.

Sole Trader vs Limited Company: Which Is Right for Your Business?

Deciding between sole trader vs limited company? Learn the key differences, advantages, and disadvantages to choose the best structure for your business.

How to set up a limited company – we make it easy

We show you how to set up a limited company. Define your brand, own everything you do, and run your business in the most tax-efficient way.

Can Clothes Be Claimed for as a Business Expense?

Tax and expenses can be confusing at the best of times, especially when working out what counts as an allowable business expense!

UK Dividend Tax Explained: Step-By-Step Guide

Dividends are payments made to company shareholders from the profits of a company after Corporation Tax has been accounted for.

How to Set Up Your Personal Tax Account With HMRC

In this comprehensive guide, we will walk you through the process of how to set up a personal tax account, ensuring that you have all the necessary information at your fingertips to manage your taxes with ease and confidence.
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Accounting Wise is a trading style of Accounting Wise Ltd, a limited company registered in England under company number 09365202. Our registered office is: The Carriages, Station Road, Ware, SG12 9PL UK.

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