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CIS Tax Rates Explained for UK Subcontractors

The Construction Industry Scheme (CIS) sets out how tax is managed for subcontractors working in construction across the UK. Under CIS,contractors are required to withhold tax from subcontractor payments and send it to HMRC. The scheme is designed to reduce tax evasion and improve overall tax compliance in the sector. If you’re a subcontractor, knowing how CIS tax rates apply to you is crucial. It can help you avoid paying too much or too little tax and give you more control over your cash flow and financial planning.

Insights, Construction, Limited Company

How to Find the Most Affordable Accountants in London for Your Small Business

Finding affordable accountants is crucial when starting and running a small business, especially for those who want to take services from a firm based in London. Starting a small business is an exciting adventure, but it also presents a number of challenges, particularly when it comes to managing finances. One of the most important decisions you’ll make is choosing the right accountant. But how do you find an accountant who offers the best value without compromising the quality of service? In this article, we’ll guide you through the steps to help you find the best accounting solutions that are within your budget and meet your small business needs.

Insights, Business

How UK Company Directors Can Easily Comply with the 2025 Identity Verification Requirements

A new law for UK company directors is coming into effect under the Economic Crime and Corporate Transparency Act 2023, requiring all directors and other key company personnel to verify their identity from 2025. This change will affect company filings, compliance status, and legal obligations. If you’re a UK director or a Person with Significant Control (PSC), this article will show you exactly how to meet the requirements and avoid penalties.

Insights, Identity Verification, Limited Company

How to Prepare for Making Tax Digital for Income Tax Self-Assessment

If you’re self-employed or a landlord, a significant change is coming that will affect how you manage your taxes. Digital Tax Reporting for Income Tax Self-Assessment (MTD for ITSA) will change how you report your income and manage your tax obligations. The UK government’s goal is to simplify tax management by digitizing record-keeping and reporting

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Navigating the 2025 UK Dividend Tax Changes: Maximise Your Earnings Today

If you run a limited company or receive income from dividends, either through personal investments or as a shareholder in a UK company, it’s essential to understand how dividend tax works. In 2025, significant changes, including a reduced tax-free dividend allowance, have affected how much tax you might owe. This article breaks down what dividend

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Everything You Need to Know About Annual Tax on Enveloped Dwellings (ATED) for 2025

The Annual Tax on Enveloped Dwellings (ATED) is a UK tax applied to residential properties worth over £500,000 that are owned by companies, partnerships with corporate partners, or collective investment schemes. This tax aims to prevent the use of corporate structures to avoid certain taxes on high value residential properties. If your company owns such property, understanding ATED rules is important to staying compliant and avoiding penalties. In this article, we explain who must file, when to file, how the tax is calculated, and what reliefs and exemptions might be available.

Insights, Business

How Directors Can Reduce National Insurance Costs on Benefits in Kind

National Insurance Contributions (NICs) are a key part of payroll costs for employers. Directors often face high NIC liabilities due to non-cash perks, known as Benefits in Kind (BIKs). These costs can add up quickly, especially with higher-value benefits. Fortunately, there are several strategies directors can use to reduce NIC costs on these benefits, improving

Insights, Business