VAT
VAT schemes for small businesses.
Flat Rate, Cash Accounting and Annual Accounting change when you pay VAT and how you manage your records. The right choice depends on your turnover, customers and cash flow.
Read the guideCompany directors
Director’s loan accounts: what an overdrawn balance means.
A director’s loan account records money moving between you and your company outside salary, dividends and genuine business expenses.
Read the guideAnnual accounts
Micro-entity or small company accounts: which regime applies?
Company size affects the accounts you can prepare and the information you file. Check the thresholds for the accounting period, not just the current year’s turnover.
Read the guideBusiness tax
Capital allowances: AIA, full expensing and first-year allowances.
Capital allowances give businesses tax relief for qualifying equipment and other plant and machinery. The allowance depends on the asset, the business and the date of purchase.
Read the guideBusiness tax
R&D tax relief after the 2024 reforms.
R&D relief depends on the project’s technical work, the costs you can support and the accounting period. The old SME and RDEC labels do not tell the whole story anymore.
Read the guideEmployment
Company cars: salary, VAT, capital allowances and benefit-in-kind tax.
A company car can affect the company’s tax position, the employee’s tax bill, payroll reporting and VAT recovery. Review the whole arrangement before choosing the vehicle.
Read the guideVAT
VAT penalties: how the points system works.
VAT late-submission penalties use points. Late payment has a separate penalty and interest regime. A missed deadline can affect both, so deal with the return and payment separately.
Read the guidePayroll & PAYE
Payroll year end: the checks employers should make.
Payroll year end is a review of the records behind your final submission, employee documents, benefits and pension information. Start with the data, then check the reporting deadlines.
Read the guideBookkeeping
What to prepare before handing over your bookkeeping
Records and access your accountant needs before taking over.
Read the guidePayroll & PAYE
PAYE and payroll for employers
PAYE calculations, employer duties, registration and reporting.
Read the guidePersonal Tax
Income Tax for individuals
Taxable income, allowances, PAYE and Self Assessment.
Read the guidePayroll & PAYE
National Insurance explained
National Insurance for employees, employers and the self-employed.
Read the guideCorporation Tax
Corporation Tax for companies
Taxable profits, registration, returns and payment dates.
Read the guideStamp Duty
Stamp Duty Land Tax basics
SDLT on property transactions, returns and payment dates.
Read the guideCompany directors
Dividend allowance and dividend paperwork
How dividends are authorised, recorded and reported.
Read the guideCompany directors
Salary versus dividends
The key tax, payroll and company law points for director pay.
Read the guideCompany directors
Directors’ loan accounts
How director loans are recorded, monitored and settled.
Read the guideCapital Gains Tax
Capital Gains Tax on shares
How gains on shares are identified, calculated and reported.
Read the guideProperty tax
Capital Gains Tax on property
The main steps when a property disposal may create a taxable gain.
Read the guideCapital Gains Tax
Business Asset Disposal Relief
The conditions and records to review before claiming the relief.
Read the guidePersonal Tax
Inheritance Tax basics
How estates, gifts and reliefs fit into the Inheritance Tax process.
Read the guideBusiness tax
Research and Development tax relief
What companies should review before preparing an R&D claim.
Read the guideBusiness tax
Capital allowances
How businesses identify qualifying plant and machinery expenditure.
Read the guideBusiness tax
Annual Investment Allowance
Records and expenditure categories to check before you claim.
Read the guideBusiness tax
Allowable business expenses
How to separate business costs from private and disallowable costs.
Read the guideProperty tax
Rental income and property expenses
How landlords organise rental income, expenses and tax records.
Read the guideEmployment
Construction Industry Scheme registration
When contractors and subcontractors may need to register for CIS.
Read the guideEmployment
Construction Industry Scheme deductions
How CIS deductions, statements and records fit together.
Read the guideEmployment
IR35 and off-payroll working
The responsibilities to review when a worker operates through an intermediary.
Read the guideEmployment
P11D benefits and expenses
How employers report taxable benefits and expenses.
Read the guideEmployment
Company cars and fuel benefit
The payroll and reporting points for company cars and fuel.
Read the guidePayroll & PAYE
Statutory Sick Pay through payroll
The key records and payroll steps for Statutory Sick Pay.
Read the guidePayroll & PAYE
Statutory Maternity Pay through payroll
The key records and payroll steps for Statutory Maternity Pay.
Read the guidePensions
Auto-enrolment pension duties
What employers need to assess, communicate and record.
Read the guidePayroll & PAYE
PAYE year-end responsibilities
The payroll checks and reporting tasks to complete at year end.
Read the guideAccounting software
Top 10 accounting software for small businesses
UK bookkeeping software compared across VAT, MTD, integrations and year-end filing.
Read the comparisonAccounting software
Top 5 free accounting software options
Free plans and free software compared with their practical limits.
Read the comparisonPayroll & PAYE
Top 5 payroll software for small businesses
UK payroll tools compared for RTI, pensions, statutory payments and accounting links.
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Pensions
Workplace pension contribution calculator
See how much you and your employer could be paying into your workplace pension each month.
Use calculatorCorporation Tax
Corporation Tax calculator
Estimate Corporation Tax on company profits before considering allowances and reliefs.
Available soonPersonal Tax
Self-employed income tax calculator
Estimate Income Tax and National Insurance on self-employed profits.
Available soonPayroll & PAYE
PAYE and National Insurance calculator
Estimate employee PAYE tax and National Insurance from gross pay.
Available soonBusiness growth
Salary vs dividend calculator
Compare the tax and cash-flow considerations of salary and dividends.
Available soonStarting a business
Tax-year checklist
Records, reviews and filing dates for the tax year.
Coming soonBookkeeping
Bookkeeping checklist
A repeatable month-end checklist for keeping records ready.
Coming soonBusiness expenses spreadsheet
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A spreadsheet for tracking costs and recording their business purpose.
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