Insights
Our tax and accountancy experts give their views on the latest news and events affecting business owners in the UK.
What's IR35 and does it affect you?
IR35 decides whether you're taxed as an employee or a contractor when you work through your own limited company. Here's how the rules work, who they affect and what to check.
Autumn tax briefing 2026
There are a few tax changes happening this quarter. Making Tax Digital auto-registration, an HMRC error that means you may have overpaid and gaps in National Insurance payments, all need your attention. We’ve got the details covered for you here…
Summer tax briefing 2026
There's plenty to keep an eye on this quarter. Mileage allowances have gone up for the first time in 15 years, director reporting requirements have changed, and there's a temporary VAT reduction landing in June that could affect your pricing. We've pulled together everything you need to know in one place.
What's shown in my annual accounts?
Your annual accounts show your company's financial position at year end, including profit, assets, liabilities and equity. Here's what each section tells you.
What's PAYE?
PAYE is the system HMRC uses to collect Income Tax and National Insurance from employment income. Here's how it works for limited company directors and their staff.
What is National Insurance and do I have to pay it?
National Insurance is a tax on earnings and profits that funds the NHS and your State Pension. Here's how it works and who has to pay it.
What is a confirmation statement?
A confirmation statement is an annual filing that confirms your company's details at Companies House are accurate and up to date. Here's what's involved.
What's are capital allowances?
A capital allowance lets your business claim tax relief on equipment, vehicles and other assets. It reduces your taxable profit in the year you make the claim.
What's the Annual Investment Allowance?
The Annual Investment Allowance lets most businesses deduct 100% of qualifying asset costs from taxable profit in the year of purchase, up to £1 million.
What's taxable profit?
Taxable profit is the figure your tax bill is calculated on. It's your income minus the business expenses HMRC allows you to deduct.