Expert insights, tax tips, and business advice from our team of chartered accountants.
A public limited company (PLC) is a UK company structure that can offer shares to the general public. Here's what it means, what it costs to form one, how PLCs are taxed and what HMRC requires.
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A step-by-step guide to completing your sole trader tax return in the UK: what goes on the return, the deadlines, what expenses to include, and what happens if you file late.
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Benefit in kind tax applies when your employer gives you non-cash perks such as a company car, private medical insurance or an interest-free loan. Here is how it works, how much you pay, and how employers report it to HMRC.
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A complete guide to UK income tax brackets for 2026/27, covering the personal allowance, basic, higher and additional rate bands for England, Wales and Northern Ireland, Scottish income tax bands, National Insurance, dividend rates, Capital Gains Tax and key allowances.
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Corporation tax is 19% below £50,000 and 25% above £250,000, but those limits are divided by the number of associated companies you have. A dormant company or a spouse's business can change your rate, and HMRC has been writing to companies that got it wrong.
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Business Asset Disposal Relief cuts capital gains tax to 18% on up to £1m of qualifying gains. The rate has risen twice in two years, from 10% to 14% to 18%, and the conditions catch people out more often than the rate does.
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Two capital allowances both give 100% relief in year one, and most businesses don't need to choose between them. Here's what each covers, why full expensing has no cap, why cars are excluded from both, and the disposal trap that catches companies later.
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A car allowance is just salary, taxed at your marginal rate with National Insurance on top. A company car is taxed on a percentage of list price, which for an electric car is 4%. That gap is why the answer flipped in the last few years.
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Selling to an Employee Ownership Trust used to be completely free of capital gains tax. From 26 November 2025 only half the gain is exempt, and BADR can't be claimed on the other half. Here's what an EOT is, what the conditions are, and how the sums now compare.
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Most people stay with an accountant they've outgrown because switching feels risky. It isn't. You write one email, the new firm handles professional clearance and authorisations, and your records move across. Here's exactly what happens and what can go wrong.
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