Catch up on the latest accounting & financial news here from Braant.
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...
Read more > about How Is Corporation Tax Calculated?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...
Read more > about When Is The Self Assessment Tax Deadline?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...
Read more > about 24/25 Year-End Tax Planning: A Guide For Business OwnersIn 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...
Read more > about Capital Gains Tax For Businesses: A Detailed GuideOperating a limited company brings with it a wide range of financial obligations, which is why expert advice is a key element in navigating the extensive regulations and ensuring compliance....
Read more > about Do You Need An Accountant For A Limited Company?Bookkeeping is a crucial aspect of small business operations — though often neglected or misinterpreted. Good bookkeeping allows you to keep your financial records in order, maintain the accuracy of...
Read more > about Bookkeeping For Small Businesses: 12 Essential TipsThe most common reasons for paying too much tax include being put on the wrong tax code, receiving untaxed income, or changing jobs, which can result in an Emergency Tax....
Read more > about What Happens If I Pay Too Much Tax?In 2022, HMRC updated its VAT manual to clarify the rules surrounding the place of supply of services, reflecting significant changes in how VAT is applied.
Read more > about HMRC Guidance On VAT Place Of Supply Of ServicesAn Employee Ownership Trust (EOT) is a specialised arrangement that allows a company's employees to collectively own a stake in the business through a trust structure.
Read more > about What Is An Employee Ownership Trust (EOT)?When it comes to end-of-year accounts, limited company registered businesses are legally obligated to file their declamatory financial documents with the HMRC and the Companies House.
Read more > about How To Prepare Year-End Accounts For Limited CompaniesNon-profit accounting works in the same way as any other form of accounting. It involves using a specialised accountant to record, report, and manage the organisation's financial transactions.
Read more > about Non-Profit Accounting: What You Need To KnowPayroll services include controlling the whole practice of having to pay workers, from calculating wages and withholding taxes to guaranteeing the proper quantities are paid out on time. This complex...
Read more > about 10 Top Benefits Of Outsourcing Payroll Services
Starting in April 2026, HMRC is implementing a significant change to how late filings for Income Tax Self-Assessment (ITSA) are managed. The previous system of automatic fixed penalties for a single missed deadline is being replaced by a points-based…
For many UK SME owners, January represents a critical transition period. It is the season for essential compliance: filing tax returns, reconciling payroll, and finalising year-end accounts. But as satisfying as ticking boxes might be, the real opportunity is…
As the financial year-end approaches, bookkeeping often shifts from a to-do later task to a significant administrative burden. In simple terms, year-end bookkeeping is the process of completing, consolidating, and finalising your financial records. This ensures your books are…
Capital Gains Tax (CGT) is what you pay when you sell or dispose of something that has grown in value. The tax applies to taxable gains, not the total sale price, and it typically applies to asset sales such…
Building a business is exciting, but it also brings financial challenges. Startups and SMEs often concentrate on immediate goals such as sales, hiring, and product development, while long-term financial planning can fall behind. This is where strong financial leadership…
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…
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…
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…
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