There is a lot of jargon to learn when you run a business, and many different forms you need to fill out to make sure that you abide by HMRC rules and regulations. Here we will explain everything you as an employer need to know…

All limited companies are required to issue a minimum of one whole share during the company formation process. This share is owned by a shareholder. There are different types of shares that can be issued by a company, here we take a look at the…

When you are starting a new business or becoming self-employed, you will to spend some time deciding on which method of accounting you are going to use to manage your finances. If this is the first time you have had to deal with company accounts…

Did you know that as a UK taxpayer you have access to a Personal Tax Account? If not, don’t worry, many people don’t realise this free online service is available to them. Your Personal Tax Account (or PTA) comes in handy for quickly accessing your…

If you have a hobby that you enjoy and are good at, this can often be a great way to earn some extra money on the side. Maybe you sell things that you have made such as arts and crafts or cakes, or maybe you…

A dormant company is a company that has been registered at Companies House but has not traded within the current financial year or received any other income such as investments. If the company has had no significant accounting transactions during the financial year it is…

If you are married or in a civil partnership, there are two different tax relief schemes that could help you to save money as a couple by paying less tax. Here we take a look at the differences between the two schemes, how to work…

When you register with HMRC either as an individual or as a business, you will be issued with various reference numbers on official documents. This is because there will be different departments at HMRC dealing with your accounts. It is easy to be confused about…

If you do business in the UK but live and work overseas, you may find you need to open a UK bank account in addition to your usual resident account in your home country. This will make it easier to facilitate your business transactions overseas.…

In the following guide we will explain what a tax reference number is, why you need one, and when to use it. What is a tax reference number? If you are employed or receive a pension in the UK you will have a tax reference…