Small Profits Threshold Explained

In this detailed post, we’ll explore exactly what the Small Profits Threshold is, how it’s calculated, the rates for 2025, who it applies to, and how it fits into broader self-employment tax planning.

What is Voluntary National Insurance?

If you’ve spent time working in the UK, you’ve probably paid National Insurance (NI) a key contribution that helps fund state benefits like the State Pension. But what happens if there are gaps in your NI record?

How to Use Digital Tools to Manage Your Small Business Finances

How to use digital tools to manage your small business finances more efficiently. Whether you’re just starting out or looking to upgrade your current systems, you’ll find practical advice, real-world examples, and trusted resources to help you save time, reduce stress, and improve your bottom line.

How to Calculate and Maximise Your Profit Margins as a Sole Trader

In this post, we’ll break down how to calculate and maximise your profit margins as a sole trader, step-by-step. We’ll cover the different types of profit margins, why they matter, and the actionable strategies you can use to increase them.

What Is Class 4 NIC?

If you’re self-employed in the UK, understanding your National Insurance obligations is vital for staying compliant and avoiding unexpected tax bills. One key component is Class 4 National Insurance Contributions (NICs). But what exactly is Class 4 NIC, how is it calculated, and when do you need to pay it?

How to Handle Corporation Tax for a Partnership or LLP

In this post, we look at the essentials of how to handle corporation tax for a partnership or LLP in the UK, including the latest updates for the 2025/26 tax year. Whether you're starting out or looking to ensure compliance, here’s what you need to know.

Borrowing Money from Your Limited Company

Running a limited company in the UK offers a range of financial and tax planning opportunities, but borrowing money from your own company isn’t as straightforward as transferring funds from one account to another. As a director, you need to understand the tax implications, legal rules, and reporting requirements that apply.

Can a Sole Trader Employ Staff in the UK?

While sole traders often operate alone, there’s no legal barrier preventing them from building a team. Whether you run a small café, offer plumbing services, or freelance in digital marketing, you may find yourself needing an extra pair of hands as your business grows.

Common Ecommerce Accounting Mistakes UK Businesses Should Avoid

Running an ecommerce business in the UK is fast-paced, competitive and often complex especially when it comes to accounting. With multiple sales channels, digital tools and tax regulations to consider, it’s easy to slip up. But accounting errors can lead to cash flow problems, HMRC penalties, or even long-term financial instability.

What Is Financial Forecasting?

Financial forecasting is the process of estimating a business’s future financial performance based on historical data, current market conditions, and anticipated trends.
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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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