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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.

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Latest Accounting Articles, Business Tips and Updates

Accounting Wise - How to Manage Tax and National Insurance for UK Employees Working Abroad

How to Manage Tax and National Insurance for UK Employees Working Abroad

When an employee works outside the UK, your obligations as an employer do not simply end. From operating PAYE correctly to managing National Insurance for the first 52 weeks abroad, this post looks at some of the key rules UK employers should know.
Accounting Wise - how do i find my corporation tax number

How Do I Find My Corporation Tax Number?

Every limited company in the UK has a Corporation Tax number, also known as a Unique Taxpayer Reference or UTR. You need it to file your Company Tax Return, pay Corporation Tax, and deal with HMRC. This guide explains exactly what it is, where to find it, and what to do if it has been lost.
Accounting Wise - umbrella vs limited company

Umbrella vs Limited Company: Which Is the Right Choice for UK Contractors?

If you currently work through an umbrella company, you may be wondering whether forming your own limited company could leave you better off. This post breaks down the key tax differences, explains how IR35 affects your options, and sets out what is involved in making the switch.
Accounting Wise - What are Fixed Term Contracts

What are Fixed Term Contracts – Understanding Their Duration and Termination

Fixed term contracts are a common tool for UK employers, but they carry the same legal weight as permanent employment. This guide explains how fixed term contracts work, what rights employees hold from day one, how the four-year rule operates, and what your obligations are when a contract ends or is not renewed – updated for the April 2026 Employment Rights Act changes.
Accounting Wise - Key Accounting Dates - May 2026

Key Accounting Dates – May 2026

May 2026 is one of the most deadline-heavy months in the UK accounting calendar. This guide covers every key obligation - from Corporation Tax payments and VAT returns to P60 distribution and CIS returns - with practical guidance on what to do and when.
Accounting Wise - Can You Be a Sole Trader and Employed at the Same Time

Can You Be a Sole Trader and Employed at the Same Time?

Yes, you can be a sole trader and employed at the same time in the UK. Millions of people do it. But there are tax obligations, HMRC registration requirements, and Making Tax Digital rules you need to understand. This guide covers everything you need to know.
Accounting Wise - payments on account explained

What are Payments on Account?

Payments on account catch thousands of taxpayers off guard every January and July. This guide explains how they are calculated, when they are due, and how to apply to reduce them if your income has fallen
Accounting Wise - the tax implications of selling your business

The Tax Implications of Selling Your Business

Selling a business is one of the most significant financial events in an entrepreneur's life, and the tax implications can be substantial. This post looks at what UK business owners need to know about Capital Gains Tax on a business sale, including Business Asset Disposal Relief, the current 2026/27 rates, share sales versus asset sales, earn-outs, and the planning strategies that can help reduce your overall liability.

Featured Articles

Accounting Wise - Autumn budget 2025 - what it means for your business

Autumn Budget 2025 and what it means for your business?

The Autumn Budget 2025 could bring meaningful changes for SMEs, freelancers, and company directors. While we don’t know all the details until 26 November, preparing your business now is the best defence against unexpected costs.
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.
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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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