Accounting Wise Knowledge Centre

Latest Hot Topics, Updates and Resources from Accounting Wise

Whether you’re a small business owner, freelancer, or simply looking to manage your personal finances more efficiently, our expert insights are designed to help you navigate the complexities of accounting with ease.

From tax tips and financial planning advice to the latest industry trends and software solutions, Accounting Wise is here to help.

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Latest Accounting Articles, Business Tips and Updates

Accounting Wise - avoiding common CIS return mistakes

Common Mistakes in CIS Returns and How to Avoid Them

The Construction Industry Scheme (CIS) is full of strict rules and monthly deadlines, making it easy for contractors and subcontractors to slip up. From missed filings and incorrect deduction rates to poor record-keeping, simple CIS mistakes can quickly lead to penalties and delayed refunds. This post breaks down the most common CIS errors and tips to avoid them.
Accounting Wise - what are bookkeeping ledgers

What are Bookkeeping Ledgers

Bookkeeping ledgers are the foundation of every accounting system. Discover what they are, how they work under double-entry bookkeeping, and why they remain vital for UK businesses using modern digital tools.
Accounting Wise - managing VAT as a Sole Trader

How to Manage VAT as a Sole Trader in the UK

VAT can be confusing for sole traders, but it doesn’t have to be. This post looks at when to register, which VAT scheme suits your business, and how to manage returns under Making Tax Digital.
Accounting Wise - CIS vs PAYE Understanding the Difference

CIS vs PAYE: Understanding the Difference

CIS and PAYE are two key tax systems in the UK construction industry, but they apply to very different types of workers. This post explains how each works, who they affect, and what contractors and subcontractors must do to stay HMRC compliant - helping you avoid penalties and ensure correct payments every time.
Accounting Wise - hiring a remote bookkeeper

Hiring a Remote Bookkeeper: What You Need to Know

As UK businesses continue shifting toward flexible, digital-first operations, traditional office-based bookkeeping is quickly being replaced by remote, cloud-based solutions. This change isn’t just about convenience — it’s about smarter, more efficient financial management.
Accounting Wise - AI Bookkeeping - How Artificial Intelligence is Changing Small Business Finance

AI Bookkeeping – How Artificial Intelligence is Changing Small Business Finance

Discover how AI bookkeeping and automated bookkeeping are reshaping small business finance. Learn the benefits, limitations, and where accountants still add value.
Accounting Wise - How to Claim Employment Allowance_ A Step-by-Step Guide

How to Claim Employment Allowance: A Step-by-Step Guide

If you run a small business or charity, claiming Employment Allowance can significantly lower your employment costs. Here’s everything you need to know to claim it successfully.
Accounting Wise - key UK accounting dates November 25

Key Accounting Dates November 2025

Staying on top of your accounting and tax deadlines is essential for keeping your business compliant and avoiding unnecessary HMRC penalties. November may not be the busiest month of the financial year, but there are still several key dates that every UK business owner, freelancer, and employer should have on their calendar.

Featured Articles

Accounting Wise - Companies House ID Verification Changes

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).
Accounting Wise - Navigating April 2025 UK Tax Changes

Navigating April 2025 Tax Changes

As we edge closer to the conclusion of the 2024/25 tax year on 5 April 2025, it’s the perfect time to explore the key tax changes set to take effect this year.
What does the 2024 budget mean for your small business - accounting wise

What does the 2024 UK budget mean for your business?

What does this Budget mean for businesses? Let’s break down the key announcements to see how they could affect your company.
Formations Wise - Online Company Formation Services

Online Company Formation Services

Free company formation with our Pre-Built or Bespoke Accounting packages!

All official documents provided

Online Hub to manage your company

London Registered office Address

Your own incorporated limited company

Company Formation
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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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