ForAccountants

Table of Contents Understanding the difference between zero-rated and VAT exempt goods is an important part of running a business in the UK. Many owners get these two categories mixed up, as both mean you charge no VAT to the…

Table of Contents Dealing with tax can be stressful, especially when you think you may have paid more than you should have. HMRC provides a formal way to correct this. It is called overpayment relief, and it allows you to…

Table of Contents Outsourcing payroll has become a common choice for many small businesses in the UK. It saves time, reduces the risk of mistakes, and helps you stay compliant with HMRC rules. But one question comes up more than…

Table of Contents Payroll compliance is one of the most important responsibilities for any UK employer. When done correctly, it keeps your staff paid on time, ensures your business follows the law, and helps you avoid penalties from HMRC. This…

Table of Contents Charitable giving plays an important role in the UK, both for helping good causes and for supporting the wider community. Many people do not realise that giving to charity can also reduce the amount of tax they…

Table of Contents Audit requirements can often feel complex, especially for small and medium-sized businesses. However, understanding whether your company must have an audit, and how new thresholds in 2025 affect that is crucial for compliance and planning. The UK…

Table of Contents In every business, money constantly flows in and out, customers pay for goods or services, and the business pays suppliers, lenders, and staff. To manage all this properly, you need to understand two essential accounting terms: debtors…

Table of Contents If you’ve ever spotted “HMRC payment – NIERS” on your payslip and wondered what it means, you’re not alone. Many employees, especially those paid through umbrella companies or agencies, find this line confusing. NIERS stands for National…

Table of Contents Running a business in the UK means keeping a close eye on your cash flow, expenses, and supplier payments. One key part of this is managing your trade payables, the money your business owes to suppliers for…