Insights
Our tax and accountancy experts give their views on the latest news and events affecting business owners in the UK.
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.
When can I afford to retire if I run my own business?
The answer depends on your target income, what you've built up and how the business is structured. Here's how to work out where you stand and what to do next.
How often should I review my finances with my accountant?
Regular financial reviews with your accountant help you stay in control, make confident decisions and keep your business on track toward your longer-term goals.
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 is VAT - and do I need to pay it?
VAT is a tax on most goods and services, and UK businesses must register and charge it if their VAT-taxable turnover exceeds £90,000 in a 12-month period.
What is a limited company?
A limited company is a separate legal entity from its owners, with its own tax position, limited liability and a formal structure for running a UK business.