Month / December 2025
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What You Need to Know About Business Asset Disposal Relief (BADR)
If you ever decide to sell or shut down your business, understanding how BADR works is essential. With the correct planning in place BADR can reduce your tax liability significantly, especially given…
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Difference Between Accounting and Bookkeeping
Have you been experiencing unaccounted transactions? Or are you just annoyed by poorly maintained records? These could cost you profits or even endanger your business’s financial viability. Knowing the difference between bookkeeping…
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What do record National Insurance Contributions mean for businesses?
When a year ends, it is natural for many to look back on the time that has passed and reflect on what was achieved. Whether this is sharing Spotify Wrapped playlists or…
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What is Double Entry Bookkeeping?
Ever thought of how businesses track every penny while ensuring well-balanced and accurate records? The answer is double-entry bookkeeping. The ICAEW report says that over 99% of businesses in the UK are…
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How to Fix Mistakes on Your Tax Return (Without Panicking)
If the 12-month amendment window has closed, you can’t change your return through your account. But you’re not stuck. You can write to HMRC and ask them to make a correction. In…
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How To Track Mileage for Your Business the Easy Way
If you want to stay on the right side of HMRC, your mileage records need to be accurate, consistent, and easy to explain. Here are five practical ways to keep everything in…
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Bookkeeping for Beginners: 9 Basic Concepts to Get You Started
Is your small business encountering some inaccurate financial reports? Or are mismanaged accounts draining your profits? An AAT (Association of Accounting Technicians) survey revealed that 42% of UK businesses lose money due…
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How much can you claim for using your home as an office as a limited company director?
Flat-Rate Home Office Allowance HMRC provides a flat-rate allowance for individuals working from home. For the 2024/25 and 2025/26 tax years, you’re able to claim £6 per week without the need for…
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What Does an Accountant Do for Small Businesses?
Running a small business in the UK is no small feat. 83% of business owners say their accountant has helped reduce the impact of inflation, and 93% feel their accountant lowers their…
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What announcements were made in the Autumn Budget 2025?
With so much pre-Budget speculation, we were expecting a long wait for the detail – but events moved faster than anyone anticipated. In an unprecedented slip, the Office for Budget Responsibility (OBR)…
