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Sole trader or limited company? Which is best for you will depend on a variety of factors.

What is it? Business Asset Disposal Relief (BADR) - formerly known as Entrepreneurs' Relief (ER) - offers a preferential reduced Capital...

What is Inheritance Tax? Inheritance tax (IHT) is a tax on the estate (property, money and possessions) of someone who has died. The...

Good decision making involves evaluating information quickly and being able to draw accurate conclusions. However, data which is biased -...

Disposing of a corporate business can take the form of a: sale of shares sale of the trade and assets of the company hive down What is a...

Risk can be defined as the combination of the likelihood of an event and its consequences. Accountants understand that risk management...

Organisational structure is important in helping companies to run efficiently and achieve their goals. It does so by defining roles and...

Making Tax Digital for Income Tax (previously known as MTD ITSA) will apply from April 2026 and will affect landlords and sole traders...

Working capital is the money your business needs to operate day to day. It is calculated as current assets less current liabilities -...

Most companies receive cash injections from directors which result in credit balances on individual director loan accounts . When in...

Under FRS 102 website development costs are considered as intangible assets and capitalisation is only allowed if the following criteria...

Deferred tax occurs due to the difference between accounting profit and taxable profits. For example, depreciation is an allowable...

When a company loans money to a participator or associated person - normally a director - and the loan is not repaid within 9 months the...

All entities - sole traders, companies and partnerships - must prepare financial statements according to Generally Accepted Accounting...