What’s the best way for sole directors to pay themselves in 2025/26?
As mentioned in last month’s blog, April 2025 will witness significant changes to National Insurance Contributions, which will have a noticeable financial impact on many small businesses. But one group of people who are likely to feel that impact more than others are sole directors of limited companies. Not only is the Employer NICs secondary […]
How will the changes to National Insurance Contributions affect your business in 2025?
Last year’s autumn budget dropped a couple of bombshells for small businesses, most notably around increases to National Insurance Contributions. Given the financial impact these changes will have, it’s important to understand how they will affect your business and to have a strategy in place to budget for them, sooner rather than later. This month […]
5 realistic resolutions for business success in 2025
Now we are almost at the end of January and the first rush of enthusiasm for setting a whole string of unrealistic New Year’s resolutions has subsided, you can start setting some you will actually keep! In particular, those that will help your business be even more successful in 2025. So, what resolutions should you […]
What the autumn budget means for small businesses
Labour’s long anticipated budget, their first for 14 years, has drawn mixed reactions. While they kept their earlier promises not to raise the basic, higher and additional rates of income tax, and have provided billions in extra support for services such as schools, housing and hospitals, it hasn’t been particularly kind to small businesses. Yes, […]
The ultimate accountancy jargon buster: part 3
Welcome to the last part of our ultimate accountancy jargon buster, where you’ll gain a deeper understanding of some of the common accountancy terms you’ll potentially come across while running your business. In this final part, we’ll be getting to grips with the difference between tax avoidance and tax evasion (an important distinction!) and finding […]
The ultimate accountancy jargon buster: part 2
Welcome back to our ultimate accountancy buster. Now, you confidently know the difference between amortisation and accruals (if you’re still unsure, check out part 1!), we continue our look at some of the common accountancy terms you’ll potentially come across while running your business. Liabilities How much money your company owes, such as short-term debts […]
How to deal with the biggest bugbear of small businesses – late payments
Frustrating, annoying, inconsiderate. It’s hard enough to run a business without the added pressure of clients who always pay late, or even worse, don’t pay at all. Not only can it take up an inordinate amount of your time chasing them for payment, but it can also have a devastating impact on your cashflow. And […]
7 surprising tax-deductible purchases you may not know about
Anyone who runs a business will be keen to make sure their Corporation Tax bill is as small as possible, which is where tax-deductible purchases come in. Basically, they are purchases you make on behalf of your business on which you can claim tax relief. According to HMRC this covers anything which is used ‘wholly […]
Confused about VAT? Here’s everything you need to know
VAT. A tax that fills many people with an awful feeling of dread! But if you’re self-employed or run a limited company or partnership it’s something you should really have more than a passing knowledge about. After all, you need to know whether your business should register for VAT, what you need to do if […]
Key accountancy deadlines and dates for small businesses in 2024
If you’re anything like us, then you probably think New Year’s Resolutions are a bit old hat, but we can think of one that could be great for your business – make sure you know and keep on top of all the key accountancy deadlines and dates. Not only will it help you be super-organised, […]