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.

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Latest Accounting Articles, Business Tips and Updates

Accounting Wise - What is a Direct Earnings Attachment

What is a direct earnings attachment?

A Direct Earnings Attachment lets the DWP recover money owed, such as a benefit overpayment, directly from an employee's wages without a court order. Here is what UK employers need to know about how DEA deductions are calculated, the 60% protected earnings rule, your legal obligations, payment deadlines, and the penalties for getting it wrong.
Accounting Wise - Am I liable for debts in my limited company

Am I liable for debts in my limited company?

Worried you could be personally on the hook if your limited company can't pay its debts? In most cases you're protected, but there are key exceptions every director should understand. This guide explains when personal liability arises, from personal guarantees to wrongful trading and HMRC notices, and the practical steps you can take to stay protected.
Accounting Wise - Copyright and IP Protection for the Self-Employed

Copyright and IP Protection for the Self-Employed

Your ideas, brand and creative work are the foundation of your business, yet many freelancers and sole traders leave them exposed. This post gives an overview on how to protect your intellectual property under UK law, from automatic copyright and registered trade marks to contracts, NDAs and the tax treatment of IP costs.
Accounting Wise - how to budget effectively as a sole trader-final

How to Budget Effectively as a Sole Trader

Budgeting as a sole trader means knowing what you earn, what you owe, and what is genuinely yours to spend. This post looks at how to separate your money, set aside the right amount for Income Tax and Class 4 National Insurance, plan for payments on account, and stay ready for Making Tax Digital, along with the tools and accounts that make it all easier to manage.
Accounting Wise - sick pay for the self-employed

Sick Pay for the Self-Employed: What You Need to Know

Self-employed and wondering what happens if you get ill? You can't claim Statutory Sick Pay, but you're not left with nothing. This guide walks through New Style ESA, Universal Credit, PIP and income protection insurance, plus the practical steps worth taking now so a spell of illness never turns into a financial emergency.
Accounting Wise - the importance of customer reviews in e-commerce

The Importance of Customer Reviews in E-commerce

Customer reviews drive sales, trust, and search visibility for any online business. But since the fake reviews ban came into force in April 2025, UK e-commerce sellers also carry legal duties under the DMCC Act, with fines of up to 10% of global turnover. Here is how to use reviews effectively, stay compliant, and handle the accounting and VAT side correctly.
Accounting Wise - key accounting dates july 2026

Key Accounting Dates July 2026

July is one of the busiest months in the tax calendar, with employer reporting deadlines clustered around the 6th, mid-month PAYE and CIS payments, and the Self Assessment second payment on account at the end. Here is a quick look at key dates for July 2026.
Accounting Wise - How to Use Social Media to Market Yourself as a UK Freelancer

How to Use Social Media to Market Yourself as a UK Freelancer

Social media is one of the most cost-effective ways for UK freelancers to find clients and build a reputation. This guide covers the right platforms, content that attracts work, and the HMRC rules every self-employed person needs to know.

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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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