How to Prepare for an HMRC Tax Inspection

In this guide, we will walk you through some of the steps of preparing for an HMRC tax inspection, what to expect during the audit, and the best practices for ensuring that everything runs smoothly.

Is an External Audit of Accounts of a Limited Company Required?

As a limited company in the UK, there are various legal and financial obligations you must meet, one of which is determining whether an external audit of your company's accounts is required.

What is an authorised corporate service provider (ACSP)?

As part of a wider effort to improve corporate transparency and reduce economic crime, the UK government is introducing stricter requirements around company formation and reporting. Central to this is the new role of the Authorised Corporate Service Provider (ACSP).

What Is the Standard Auto-enrolment Pension Contribution in the UK?

Saving for retirement is a critical part of financial planning, and in the UK, workplace pensions make it easier for employees to build a nest egg. Thanks to the government’s auto-enrolment scheme, both employees and employers contribute to a pension pot. But what are the standard contribution rates, and how do they work?

What is Corporation Tax and How Does It Affect Your UK Business?

If you run a limited company in the UK, you’ve likely encountered Corporation Tax - one of your business’s most important financial obligations. But what exactly is it, how much do you need to pay, and what are the consequences of getting it wrong?

What are the Benefits of Paying Corporation Tax Early?

Discover why UK companies choose to pay corporation tax early. Learn the benefits, HMRC interest rules, and how early payment can support your business.

Limited Company VAT: What You Need to Know

In this post, we’ll explore everything you need to know about Limited Company VAT, including when you need to register for VAT, how to manage VAT for your business, and the common VAT schemes available.

How to Handle Payroll and PAYE for Your Limited Company

When you run a limited company, managing payroll and understanding PAYE (Pay As You Earn) are essential aspects of your responsibilities. Not only does this involve paying your employees correctly, but it also ensures compliance with UK tax laws.

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.

Sole Trader vs Limited Company: Which Is Right for Your Business?

Deciding between sole trader vs limited company? Learn the key differences, advantages, and disadvantages to choose the best structure for your business.
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Content is for general information only. Always take advice.