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.

Companies House ID Verification Changes

Companies House has been rolling out voluntary identity verification for company directors, Persons with Significant Control (PSCs), and individuals submitting filings on behalf of a company. This forms part of a wider set of reforms introduced by the Economic Crime and Corporate Transparency Act 2023 (ECCTA).

Key UK Business Accounting Dates for August 2025

Stay on top of your accounting with this guide to upcoming key UK tax and filing deadlines in August 2025. Avoid penalties with this checklist for businesses and the self-employed.

Donating to Charity Through Your Company

Supporting charitable causes is not only good for society, but it can also be beneficial for your company’s finances and reputation. If you’re considering donating to charity through your business, there are several important tax rules, methods, and compliance requirements to keep in mind.

DeFi Tax Guide (UK) – How HMRC Taxes Decentralised Finance

DeFi (Decentralised Finance) is one of the fastest-growing areas in crypto from staking and yield farming to liquidity pools and token swaps. But with growth comes complexity, especially when it comes to tax.

IR35 Explained A UK Guide for Contractors and Employers

The IR35 legislation has long been a complex and often misunderstood part of UK tax law. Whether you're a self-employed contractor, a limited company director, or a business that hires off-payroll workers, understanding IR35 is crucial for staying compliant and avoiding unexpected tax liabilities.

Class 2 NIC for the Self-Employed Explained

If you’re self-employed in the UK whether as a freelancer, sole trader, or contractor you’ve probably come across Class 2 National Insurance Contributions (NICs). But what exactly are they, how much do you pay, and why are they so important?
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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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