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Tax Tips for Founders - Yearend Checklist 2025

Yearend Checklist - 2024-5 Tax Year

We are fast approaching the end of the 2024-25 tax year (5 April 2025), so now is a good time to review key tax thresholds and allowances to maximise available tax savings. This checklist provides a summary of the key areas to consider.
No.1 Tax Tip for business owners in 2025

No.1 Tax Tip for Business Owners in 2025

Every year, I see business owners facing the same painful situation. January rolls around, and suddenly, there’s a looming tax bill they haven’t prepared for. The amount feels overwhelming, and worse still, they have to take more money from their business—creating a cycle that makes next year’s tax…
Tax and Charitable Donations

Are Donations Tax Deductible?

As the festive season approaches, many businesses are looking for ways to give back. Whether you’re donating money, goods, or even sponsoring a charity, the question on many small business owners’ minds is: Are donations tax deductible?
gift boxes under christmas tree

Tax Treatment of Gifts: What Small Businesses Need to Know This Christmas

Gifts are a great way to spread festive cheer, but understanding the tax rules can help you stay compliant and avoid surprises. Check out our straightforward guide to tax-smart festive gifting and make the most of the season.
accountant reviewing autumn budget

2024 Budget Update - 2 Key Tax changes for small business owners

The first budget from a Labour government in 14years was always going to offer up plenty of headlines as it sets the tone or the next 5 years.   Let’s cut through the noise and look at two key Tax announcements impacting small business owners. 
mobile payment illustration

Optimal Salary Dividend blend for 2024-25 tax year

Thanks to the 2024 Spring Budget finding the optimal blend of salary and dividends for company owners is a little more complicated than in previous years.  In this article I’ll outline why we use salary and dividends, what has changed in recent years and the key considerations for 2024-25 tax year…
illustration of video call with accountant

How to find the right Accountant

Let's face it—you're not short of choice! Although this can be confusing, it's a good thing. You need to take time to appoint a good fit, as you'll likely to be working together for many years.   Honesty, reliability, and clear communication are a good place to start.
illustration of accountant reviewing receipt

How much do Accountants Charge?

When I visit a website one key piece of information I’m looking for is price.  I want to know if the service or product I’m researching is affordable to me and I don’t really want to have to call, make an appointment or sit through a demo just to find out what it’s going to cost me.  I’m assuming y…

Yearend Tax Tips - 2024 Tax Year

We are fast approaching the end of the 2023/24 tax year (April 5 2024), so now is an excellent time to review key tax thresholds and allowances to maximise any and all available tax savings.   This checklist is designed as a summary of the key areas to consider. 
revenue chart reaching vat registration threshold

Navigating VAT for Start-ups

As a growing entrepreneur stepping into the world of business, there are various aspects of tax and financial requirements you need to familiarise yourself with. Understanding the ins and outs of Value Added Tax (VAT) is one of these - a vital scheme you need to get to grips with.
new business owner heading up a mountain

5 Essential Tips for Registering Your New Business

Embarking on the journey of starting a new business is like setting sail on an exciting adventure, but there's no denying the challenges that come with it.  This article outlines five essential tips on registering your new business with HMRC so you can navigate this process smoothly.
corporation-tax-calculator-illustration

Free Corporation Tax Calculator Template

One of the biggest headaches for new business owners is managing tax. Sure you’ll pay less as a percentage of your income but now it’s no longer deducted at source you have to understand how much you should be putting away throughout the year.
tax deductible gifts illustration

Understanding the tax implication of seasonal gifts to clients and staff

As the holiday season approaches, a regular question usually springs up around suitable gifts for clients and staff. Understanding the tax implications of such gestures is crucial for business owners, and fortunately, the rules are refreshingly straightforward.
Maximising Tax Efficiency in 2023/24

Navigating Director Salaries: A Guide to Maximising Tax Efficiency in 2023/24

Are you pondering the ideal director salary for this tax year? Whether you're running a single-employee/director company or managing a multi-director or multi-employee business, you need to consider the optimal salary level that will maximise your tax efficiency and pension benefits.
Navigating Dividend Tax Challenges and Pitfalls

Director Remuneration Strategy in 2023: Navigating Tax Challenges and Pitfalls

As we delve into the remainder of the 2023 tax year, the landscape for Directors remunerating themselves has become more intricate, moving beyond the realm of simple tax efficiency. In this article, we'll revisit the rationale behind the Salary/Dividend blend, its advantages, and the unforeseen cha…
free dividend certificate template

Safeguard Your Dividends: A Simple and Essential Dividend Voucher Template for Your Business

Are you a business owner who would like to maximise tax savings by blending salary with dividends? If so, you might be inadvertently leaving yourself exposed to potential HMRC compliance challenges if your paperwork needs to be completed.
home office illustration

How to claim for a Home Office

Claiming tax deductible expenses for working from home or running a home office is a legitimate way to be reimbursed for the costs incurred by you personally for things such as electricity, council tax and rent.
dividend tax tips

Maximising Your Dividends: Avoiding Unnecessary Tax Liabilities in 2024

Have you taken an extra dividend to cover your tax liability this year? If so, you might be paying more tax than necessary.