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.

Stay informed, stay compliant, and take control of your finances with confidence.

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Latest Accounting Articles, Business Tips and Updates

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.
170325 - Accounting Wise - key accounting dates April 2025

Key Accounting Dates April 2025

April is a critical month for UK businesses as the new tax year begins, bringing with it a fresh set of accounting and tax deadlines. Staying on top of key dates is essential to avoid penalties and ensure smooth compliance with HMRC.
Accounting Wise - how to register for corporation tax in the UK

How to Register for Corporation Tax in the UK

If you’ve recently set up a limited company in the UK, one of your key responsibilities is registering for Corporation Tax with HMRC. Failure to do so on time can result in fines, so it’s essential to understand the process and deadlines.
Accounting Wise - Explaining the Concept of Retained Earnings

Retained Earnings Explained

In this guide, we give you a complete retained earnings explanation, how they are calculated, and why they are important for your company’s financial strategy.
how to account for R&D tax credits - accounting wise

How to Account for R&D Tax Credits in Your Limited Company

Research and Development (R&D) tax credits are a valuable incentive for limited companies in the UK that are involved in innovation and technological advancements.
Understanding the Differences Between Accrual and Cash Accounting

Understanding the Differences Between Accrual and Cash Accounting

The two most common methods used for accounting are accrual accounting and cash accounting. Each method has its own advantages and disadvantages, and choosing the right one depends on your business size, the complexity of your transactions, and your financial goals.
The Difference Between Bookkeeping and Accounting - Accounting Wise

The Difference Between Bookkeeping and Accounting

Though these terms are often used interchangeably, they refer to distinct processes that play crucial roles in your financial management strategy.
How to Plan Your Retirement as a UK Business Owner: Retirement for small business owners

How to Plan Your Retirement as a UK Business Owner

Planning for retirement as a UK business owner? Learn about small business retirement plans, tax-saving options, and how to secure your financial future today.

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.