Plain-English guidance on UK tax and accounting — accuracy-reviewed by our qualified accountants. No jargon. No scare tactics. Just the information you need to run your business with confidence.
Every term explained simply. No jargon, no assumptions.
Definitions reflect HMRC's published guidance at the time of review. Tax legislation changes frequently — always verify current definitions with a qualified adviser before taking action.
Updated
MTD for ITSA becomes mandatory for those earning over £50,000. Here is what records to keep, which HMRC-approved software qualifies, and the steps to take now to avoid penalties.
With employer NIC now at 15% and the secondary threshold cut to £5,000, the most tax-efficient director salary has shifted. We model the best options across several profit levels.
New
A practical walkthrough of the April 2025 payroll changes — with worked examples for part-time staff, the Employment Allowance, and how to update your annual budget.
From home office costs and vehicle mileage to training and professional subscriptions — everything HMRC allows you to offset against your Self Assessment bill, explained clearly.
Salary, dividends, pension contributions, and expenses. We explain each method, how they are taxed, and the most tax-efficient combination for the current tax year.
The right structure depends on your profit level, risk appetite, and growth plans. We set out the tax differences, admin obligations, and the profit threshold where incorporation makes sense.
With the registration threshold at £90,000, many small businesses hover near the limit. We set out when voluntary registration makes sense, which scheme to use, and the admin involved.
Rental income, mortgage interest relief changes, Section 24, wear and tear — we explain the current rules, common mistakes, and how to plan your tax position before each Self Assessment deadline.
With the main CT rate at 25%, companies with profits between £50,000 and £250,000 may qualify for marginal relief. Here is how the calculation works and how associated companies affect your threshold.
General information only. The articles on this page provide general guidance on UK tax and accountancy matters. They are not a substitute for personalised professional advice. Tax rules change frequently — please speak to a qualified accountant before acting on anything you read here. Accuracy-reviewed by Ledgertech Accountants. Our accountants hold ACA and FCA designations awarded by the Institute of Chartered Accountants of India (ICAI).
Book a free 20-minute call with one of our accountants. We'll look at your specific situation and tell you plainly what you need to do — and what you don't. No obligation.
All services are delivered in accordance with UK accounting standards and HMRC requirements. Where specialist legal or overseas tax advice is required, we work alongside qualified local advisers. Our accountants hold ACA and FCA designations awarded by the Institute of Chartered Accountants of India (ICAI). They provide accounting services in the UK in accordance with applicable UK legislation and HMRC requirements. ACA and FCA as used on this website refer exclusively to ICAI membership grades and should not be confused with designations awarded by the Institute of Chartered Accountants in England and Wales (ICAEW).
Important notice. The information on this website is provided for general guidance only and reflects our understanding of UK legislation and HMRC requirements at the time of publication. Tax laws, rates, thresholds and deadlines change regularly. We cannot guarantee that all information remains accurate or up to date at all times. Nothing on this website constitutes personalised tax, legal or financial advice. You should always seek advice specific to your circumstances before taking action. Ledgertech Accountants Ltd accepts no liability for any loss arising from reliance on information published on this website. For information on how we handle your personal data, please see our Privacy Policy.
