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Catch up on the latest accounting & financial news here from Braant.
Drawings vs Salary: What’s Best for You?
One of the first questions any business owner faces is how to pay themselves. Should you take drawings or a salary? The answer depends entirely on your business structure.
Different rules, obligations and tax consequences apply to sole traders, partnerships…
Do Non-UK Businesses Need to Register for VAT in the UK?
Statutory Audits vs Non-Statutory Audits: A Guide for UK SMEs
Audits can feel like a little bit of a dark art for small and medium-sized businesses. You might tune out the minute it comes up and think “stress,” “paperwork,” “that thing big companies do”. But what about audits and…
Understanding The Auto Enrolment Pension
If you’ve ever started a new job and been automatically signed up to a pension without having ever lifted a finger, that is auto-enrolment at work. It’s a government program designed to encourage more people to save for their…
What is R&D Tax Relief?
R&D (Research and Development) Tax Relief is meant to encourage businesses to invest in innovation. It can lower your Corporation Tax bill or even result in you being paid cash if you’re making a loss.
When Is Corporation Tax Due?
Corporation Tax is a big part of a limited company’s financial responsibilities in the UK. Know when and how to pay it to ensure that you always stay within the guidelines and avoid unnecessary penalties.
How Is Corporation Tax Calculated?
If you run a limited company in the UK, corporation tax is one of the most important financial obligations to understand and manage. It’s not just about compliance—knowing how corporation tax is calculated can help you plan better, avoid…
When Is The Self Assessment Tax Deadline?
For most people – and this is especially true of freelancers, business owners and individuals who receive additional income on top of their salary – getting your self assessment tax return submitted is an important task that needs to…
24/25 Year-End Tax Planning: A Guide For Business Owners
Business owners with a clear tax strategy are better suited for long-term success by using years-end tax planning to their advantage. Proper forward planning can minimise liabilities, access reliefs available and ensure compliance with HMRC.
Capital Gains Tax For Businesses: A Detailed Guide
In this comprehensive guide, we will cover the following important aspects of Capital Gains Tax for businesses: how to calculate your liabilities, what reliefs are available, and what happens if you fail to declare CGT. Whether it is for…
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