From 1st December 2025, savers across the UK can enjoy much stronger protection for their money. The Financial Services Compensation Scheme (FSCS) will increase its protection limit from £85,000 to £120,000. The Bank of England approved this rise because inflation has...
Your payslip is more than just a record of your pay. It shows how your employer has calculated your pay, what deductions they have made, and how much you actually take home. Each payday, take a moment to review your payslip carefully. You should check your earnings,...
If you sell a business asset, you will likely face a Capital Gains Tax bill. However, if you plan to reinvest the proceeds into another business asset, you may be able to delay paying the tax by claiming Business Asset Rollover Relief. What is Business Asset Rollover...
When running a business, you often have to balance loans, assets and cash flow. One helpful accounting method that supports this balancing act is Amortisation. What is Amortisation? Amortisation spreads the cost of a loan or intangible asset over a set period. Instead...
Dealing with HMRC can often feel like navigating a maze. Fortunately, you do not need to manage everything on your own. You can authorise an agent or someone you trust to act on your behalf. This allows them to handle your tax affairs directly with HMRC while you stay...
Signing documents digitally has never been easier and Adobe Sign provides a straightforward and efficient way to sign agreements, forms and PDFs. Whether you’re signing via email, managing documents online or working on a PDF, this guide will walk you through...
The State Pension is set to increase again in April 2026, offering millions of retirees a helpful boost. For many older people, this annual rise is essential for keeping up with rising living costs. However, because the Personal Allowance remains frozen, more...
A Certificate of Incorporation is one of the most important legal documents a business can possess. If you are setting up a limited company, you will receive this document as confirmation that your company officially exists and is recognisable by law. Upon...
Accessing different government services online used to mean juggling a long list of usernames, passwords and sign-in methods. Some departments shared common systems, such as Government Gateway, but many still maintained their own separate logins. Now, the government...
Verifying your identity has never been more important. Whether you are setting up a company or becoming a director, you must prove who you are. Proof of Identity checks protect everyone involved and keep businesses compliant with legal requirements. Identity...
Running a limited company comes with responsibilities and one of them is filing your Company Tax Return. You do this using the CT600. Knowing what this form is and how to submit it correctly can save you time and money. What is the CT600? The CT600 is the official...
Stamp Duty Land Tax is a tax you may need to pay when taking on leases in the UK. It can be a major expense, particularly for longer commercial leases or higher-value properties. What Stamp Duty Covers Stamp Duty applies to two elements of a lease: The Premium (the...
The government has opened a voluntary repayment window for people and businesses that received unentitled COVID support money. This is your final chance to repay what you owe. The window stays open until December 2025. Official Guidance: Covid repayment window opens...
Disallowable Expenses are a common source of confusion, but the rules are straightforward once you understand the basic principle. If a cost is not “Wholly and Exclusively” for business use, you cannot claim it. Claiming the wrong expenses can quickly lead...
A Dormant Company is a limited company that is officially registered with Companies House but is not currently carrying out any business activity or receiving income. Simply, the company is not trading and receiving absolutely no income. That means it is not: Selling...
When sending large sums of money to HMRC, many taxpayers only feel at ease once they confirm their payment has cleared. The good news is that checking whether HMRC has received your payment is simple. Who Needs to Pay Tax to HMRC? Not everyone needs to pay HMRC...
When you purchase equipment or other assets for your business, they naturally decrease in value over time due to wear and tear. Rather than claiming the full cost of an asset upfront, Writing Down Allowance spreads the tax relief over several years. Writing Down...
We understand that filing a Self Assessment can feel daunting. However, if you have an accountant, providing them with accurate information can make the completion of your tax return much easier and less stressful. Additionally, giving your accountant the information...
If you are VAT-registered in the UK, you must submit a VAT Return every quarter. This rule applies whether or not your business has traded during that period. When you have no VAT to report, you must file a “Nil Return”, also known as a Zero VAT Return....
A Confirmation Statement is an annual report that directors submit to Companies House. It confirms details about your business, such as: Registered office address Details of directors and shareholders Standard Industrial Classification (SIC) codes to describe business...
The 50% First-Year Allowance is a tax relief which should encourage business to invest in new assets. It allows them to deduct 50% of the cost of eligible Capital Expenditure in the year they purchase it. This immediate reduction can reduce your Corporation Tax bill...
If you have ever registered a company in the UK, you have likely come into contact with “SIC Codes”. But what actually are they and why do they matter to your business? What is a SIC Code? SIC Code stands for “Standard Industrial Classification...
Whether you are launching a freelance career or building a full-time business, the first step is to register as Self-Employed with HMRC. This makes sure you declare your income properly and that you meet all legal obligations. What Does It Mean to Be Self Employed?...
Incorporation Relief is a valuable tax break that allows business owners to delay paying Capital Gains Tax when they transfer their business into a limited company. Rather than facing an immediate tax bill on the capital gain made at the time of transfer, the tax...
