Catch up on the latest accounting & financial news here from Braant.
As of 6 April 2026, business owners and shareholders must adapt to a significant shift in tax legislation. Business Asset Disposal Relief (BADR) is now taxed at 18%, rising from...
Read more > about How the April 2026 BADR Changes Affect Your Tax BillStarting 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...
Read more > about HMRC’s New Points-Based Penalty System for 2026 Tax ReturnsFor 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...
Read more > about Financial Planning for UK SMEs: Turning 2025 Data into 2026 GrowthAs 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...
Read more > about Year-End Bookkeeping Checklist for Small BusinessesCapital 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...
Read more > about How to Reduce Your Capital Gains Tax in the UKBuilding 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...
Read more > about When Is the Right Time to Hire a Part-Time FD or CFO?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...
Read more > about Drawings vs Salary: What’s Best for You?If you’re running a business outside the UK but selling to customers in the UK, VAT can often feel like a grey area. Many overseas companies assume that because they...
Read more > about Do Non-UK Businesses Need to Register for VAT in the UK?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...
Read more > about Statutory Audits vs Non-Statutory Audits: A Guide for UK SMEsIf 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...
Read more > about Understanding The Auto Enrolment PensionR&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...
Read more > about What is R&D Tax Relief?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...
Read more > about When Is Corporation Tax Due?
Bookkeepers offer tailored services for these sole traders, which may differ from your traditional accounting and bookkeeping services.
The Enterprise Investment Scheme (EIS) is a government-backed initiative in the United Kingdom aimed at spurring investment in small and early-stage companies.
When you’re not an accountant or a financial whizz, tax codes aren’t common knowledge. In fact, they can simply look like a bunch of numbers and symbols that make no sense.
Taxes aren’t the most entertaining topic, especially for landlords. Mainly because they can be challenging to understand when you aren’t a trained accountant.
If you run a charity in the UK, there are certain responsibilities you have to take care of, including financial transparency and accountability.
If you are a tax resident of the United Kingdom but are living overseas, you may be able to claim Overseas Workday Relief (OWR). Essentially, this means that the earnings you make during your time overseas will be deemed…
If you run a business in the UK, it can be challenging to understand when to register for value-added tax (VAT). There are certain circumstances under which businesses are legally obligated to register for VAT.
Bookkeepers form an integral part of any finance team. The role of a bookkeeper is to keep tabs on all financial income and outgoings for a company or individual trader.
Each employer or pension provider has a unique set of digits used to identify their tax records with HMRC (His Majesty’s Revenue and Customs). These digits are what is known as a tax reference number.
It’s important to be aware of the different types of tax relief available to you. In this list, we discuss how to reduce corporation tax on your business. Here are 10 ways you can reduce your company’s corporation tax.
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