Forgot to Invoice a Client? Here’s What to Do (Even if It’s Been Months)
Forgot to Invoice a Client? Here’s What to Do Next
Forgot to Invoice a Client? Here’s What to Do (Even if It’s Been Months) Read More »
Tax Tips
Most Tax-Efficient Director’s Salary 2025/26: What You Need to Know
Looking for the most tax-efficient director’s salary in 2025/26? We break down the new rules, NI changes, and smart payroll strategies.
Most Tax-Efficient Director’s Salary 2025/26: What You Need to Know Read More »
How to Strike Off a Limited Company in the UK (Without Losing Your Sanity!)
Looking to close your UK limited company? Learn how to strike off a business with this easy step-by-step guide
How to Strike Off a Limited Company in the UK (Without Losing Your Sanity!) Read More »
Understanding Business Entertainment Expenses: Tax Deductible Costs for Small Businesses
Learn what business entertainment expenses are tax-deductible, how to handle VAT on client and staff entertainment, and tips for small business owners to manage corporate hospitality costs effectively.
Understanding Business Entertainment Expenses: Tax Deductible Costs for Small Businesses Read More »
Budget Day 2025: What Small Business Owners Need to Know
The Budget 2025 as laid out by Chancellor of the Exchequer Rachel Reeves brings crucial tax updates for small business owners, particularly affecting limited companies with a sole director.
Budget Day 2025: What Small Business Owners Need to Know Read More »
Tax Losses in Your Limited Company
Learn how to manage tax losses in your limited company. Discover how to offset losses, carry them forward, or reclaim corporation tax with expert advice from 2 Sisters Accounting.
Tax Losses in Your Limited Company Read More »
5 More VAT things
Having run through the basics of VAT registration recently there are some core things to be aware of when you have registered for VAT. – Flat rate schemeThe VAT flat rate scheme is designed to simplify the process for businesses that do not have a lot of expenses that they can reclaim VAT on. While
How much should I save for tax?
Most of you would have heard us bang on about this before but it is something that is well worth reminding everyone and maybe it is new to you. Save your tax throughout the year!!!And not just save it in your current account, ideally set up a separate account (or pot if you are with
How much should I save for tax? Read More »
What does tax deductible mean?
“It’s tax deductible” we all merrily say, while people brand new to business politely smile and nod while not having a clue what we mean. Lets break it down. Sales – expenses = profit. You pay tax on your profit. So in simple terms, more expenses = less profits = less tax. Sales might be
What does tax deductible mean? Read More »
What are payments on account?
One of the benefits of being a sole trader and working for yourself is you don’t have tax deducted from every payment you receive. Instead of having tax deducted via the PAYE system like usual workers you pay it via the self assessment system. As a self-employed worker, you will complete your first self assessment
What are payments on account? Read More »
