Accounting Resources

Discover how Corporation Tax applies when your UK limited company sells business assets — whether it's property, shares, or intangible assets like goodwill. This guide breaks down tax rules, reliefs, and reporting requirements in plain English to help business owners make smart, compliant decisions.

Self-employed and unsure about tax? Learn how to work out what you owe, what expenses you can claim, and how the tax bands and National Insurance rules affect your income. Includes real-life examples and expert advice to help you stay compliant and keep more of what you earn.

Buying a car through your limited company might seem like a smart financial move — but is it really the most tax-efficient option for you? From capital allowances and VAT rules to Benefit-in-Kind tax and ownership implications, there’s a lot to consider before making the leap. This post explores the real financial impact, the practical pros and cons, and the alternative options available — whether you're thinking of going electric, leasing, or sticking with a personal vehicle. Perfect for company directors and small business owners looking to make informed, strategic decisions.

Learn how the Rent a Room scheme works, what tax you might owe, and how it could affect your benefits, mortgage, or home insurance. This practical guide covers everything — from tax-free allowances to screening lodgers — so you can rent with confidence and avoid costly mistakes.

Thinking of starting a business but unsure whether to go solo or incorporate? In this post we explore the key differences between being a sole trader and running a limited company. From tax benefits and legal responsibilities to admin, liability, and how easy it is to scale — this guide shares real-world advice, personal stories, and actionable tips to help you decide what’s best for you.

A practical, easy-to-follow guide to business insurance for UK limited company contractors. Find out which types of cover you need, what clients expect, how IR35 fits in, and what to consider when working from home or hiring subcontractors. Stay protected, compliant, and confident.

S455 tax can catch business owners off guard when a director borrows money from their company and fails to repay it within the required timeframe. This post breaks down everything you need to know about s455 tax — what triggers it, who is responsible for paying it, and how you can avoid unexpected tax charges. From repaying loans on time to understanding how tax is calculated, we offer actionable insights for directors on how to manage their loans and minimize exposure to s455 tax. Stay compliant, save money, and avoid penalties!

"In this world, nothing is certain except death and taxes." — Benjamin Franklin. And yet, understanding your tax code can feel just as mysterious as the afterlife. Every year, thousands of people in the UK overpay or underpay their tax without realising. Why? Because they don't fully understand those random-looking numbers and letters on their payslips. Let's change that. In this guide, I’ll walk you through everything you need to know about UK tax codes — what they mean, how they’re calculated, and what to do if something doesn’t look right. I’ll share real examples and tips from the trenches so you can navigate the system with more confidence (and maybe a little less frustration).

Thinking of dipping into your company funds? Before you do, make sure you understand how director’s loans really work. This clear, conversational guide explains what a director’s loan is, when it becomes taxable, and how to avoid costly mistakes with HMRC. Packed with real-life examples and practical advice, it’s a must-read for company directors who want to borrow smart — and stay compliant.