When, like many of our clients, your business expands you may start thinking about taking on staff. It’s usually at this point we get asked “How do I register as an employer?” Registering as an employer is an important step for any business that plans to hire staff. It not only ensures compliance with HM […]
02
Sep
Sep
New employers often ask us ‘Do I Need to Set Up an Auto Enrolment Pension Scheme?’ Well, the answer depends. But In this blog post, I’ll break down the essentials of Auto Enrolment and help you determine if your business needs to implement it. Auto Enrolment is a government initiative aimed at encouraging more people […]
26
Aug
Aug
As a director of a limited company, you may wonder how best to access funds for personal use. It’s a common query among business owners who want to balance their company’s financial health with their personal needs. Fortunately, there are several methods available for extracting funds from your limited company, each with its own implications […]
19
Aug
Aug
Choosing a name for your limited company is a crucial step in establishing your business identity. Your company name plays a significant role in shaping your brand and how customers perceive you. It’s essential to select a name that reflects your company’s values, vision, and the products or services you offer. Choosing a Name for […]
12
Aug
Aug
Setting up a limited company can be a smart move for your business, providing legal protection and tax benefits. Here’s an overview of the process involved. Setting up a Limited Company Choose a Company Name Select a name that is unique and not already in use by another registered company. Ensure it complies with legal […]
05
Aug
Aug
The government is expanding the current payrolling process for the reporting and payment of Income Tax and Class 1A National Insurance Contributions on benefits in kind. This will mean that payrolling of benefits in kind (BiKs) will be mandated from April 2026. More information is available about the Simplification Update statement on the parliament.uk website. Payrolling the […]
29
Jul
Jul
Partnership accounts are not a legal requirement but are still crucial for businesses run by more than 1 person. In this post, we’ll look at the basics of partnership accounting. Partnership Accounts Essentially, partnership accounts involve recording financial transactions and preparing financial statements for businesses owned by two or more partners. These transactions include: revenue, […]
22
Jul
Jul
Furnished Holiday Lets (FHLs) in the UK have become more and more popular recently. For property owners and investors, understanding the tax situation when it comes to FHLs can lead to tax savings and a more profitable venture. What Are Furnished Holiday Lets? Furnished Holiday Lets, as the name suggests, are residential properties that are […]
15
Jul
Jul
Running a partnership can be rewarding, offer flexibility and success. However, things can get a bit confusing, especially when it comes to partnership tax returns. The purpose of this blog post is to explain the process involved. What are Partnership Tax Returns? Unlike a limited company or Sole Trader, a partnership doesn’t pay tax. Instead, […]
08
Jul
Jul
One of the most important questions a partner in business asks me is ‘How Do I Pay Tax in a Partnership?’ In this post, we’ll look at the basics of paying tax in a partnership and what you need to know to stay compliant with HMRC regulations. How Do I Pay Tax in a Partnership? […]
