Companies House ID Verification: What Directors and PSCs Need to Know in 2026
If you are a company director or a Person with Significant Control (PSC), you are now required to verify your identity with Companies House. This is not optional, and the consequences of not doing it range from civil penalties to your company’s filing record being annotated publicly. If you have not yet completed your verification, […]
Making Tax Digital for Income Tax: What Sole Traders and Landlords Need to Do Now
If your qualifying income from self-employment and/or property is above £50,000, Making Tax Digital for Income Tax (MTD for Income Tax) has applied from 6 April 2026. This is no longer a distant change. If you are in scope, you need to keep digital records, use compatible software and send quarterly updates to HMRC. The […]
Closing Your Company Properly: Strike Off, Liquidation, And Tax Points To Consider
Deciding to close a limited company is rarely simple. Whether you are retiring, moving into a new venture, or winding down after a good run, the way you close the company matters. Get it right and you can settle debts, deal with tax properly and extract remaining funds in the right way. Get it wrong […]
Contractor Accounting Essentials: What To Track From Day 1 To Avoid Tax-Season Stress
Going freelance or contracting can feel liberating, but it also means taking responsibility for admin that an employer may have handled for you before — tax, National Insurance, invoices, records, expenses and deadlines. The good news is that contractor accounting does not need to feel overwhelming. If you put the right habits in place from […]
Payroll For A Growing Team: When To Set It Up And What Employers Often Miss
Taking on your first member of staff is a big moment. It means your business is moving forward, and that is something to be proud of. But with that excitement comes a new set of responsibilities — and payroll is right at the top of the list. Whether you are hiring your first employee or […]
How to Separate Personal and Business Spending Without Creating Bookkeeping Headaches
It’s one of the most common problems accountants see with small business clients, particularly in the early years. Personal and business spending gets mixed together — sometimes out of habit, sometimes out of convenience, and sometimes just because the line between the two genuinely isn’t obvious. A coffee on the way to a client meeting […]
Expenses Through a Limited Company: What Is Allowable and What Causes Problems
One of the genuine advantages of running a limited company is that allowable business expenses reduce your taxable profit — and by extension, the amount of Corporation Tax you owe. Get it right, and you’re running your finances efficiently. Get it wrong, and you’re either leaving money on the table by not claiming enough, or […]
What Financial Reports Should a Small Business Owner Review Every Month?
Most small business owners have a rough idea of how their business is doing. They know whether it’s been a good month, whether the bank balance looks healthy, and whether there’s enough coming in to cover what’s going out. But instinct and a quick glance at your bank account only gets you so far. The […]
QuickBooks for Small Businesses: How to Keep Your Books Accurate Without Overcomplicating Things
QuickBooks is one of the most widely used cloud accounting platforms for UK small businesses, and for good reason. It connects to many UK bank accounts, supports invoicing and expense tracking, helps with VAT returns, and gives you reports that can tell you something useful about your business. But here is the thing: a lot […]
LLP Accounting in the UK: Key Filing Duties, Tax Treatment, and Record-Keeping
A Limited Liability Partnership, or LLP, sits in an interesting middle ground in UK business law. It gives members the liability protection of a limited company while keeping the tax treatment closer to that of a traditional partnership. It is a structure that works very well for the right kind of business, but it comes […]