Fact sheets
Free fact sheets to download.
Print them off or save them to your computer, so you can review them any time.
These fact sheets are general guides written at the time of publication. Rules and thresholds change, so please contact us to confirm how they apply to you today.
Abbreviated & Micro Accounts
Every year your company must file accounts at Companies House, but you might not want to file full accounts as this could give away too much information about your business.
Download PDFAuto Enrolment
How and when employers must automatically enrol their workers into a workplace pension.
Download PDFCash Accounting
Cash basis might suit smaller businesses because, at the end of the tax year, you won’t have to pay Income Tax on money you haven’t received yet.
Download PDFDividends
Dividends can be a very tax efficient way to pass the profits of the business to its owners.
Download PDFEntertainers
How payments to entertainers are treated for tax and National Insurance, including additional use payments such as royalties.
Download PDFInter Company VAT
A vatable inter company charge is where one company buys business services and goods from suppliers and shares them with another related company.
Download PDFIR35
At its simplest, IR35 is the way HMRC closed a loophole that was allowing many contractors and freelance professionals to reduce their tax.
Download PDFPre Trading Expenses
By the time you start trading you may have spent thousands on research and set-up. Once HMRC knows you have started, most of these costs are usually allowable in your first year.
Download PDFR&D Tax Credits
Research and Development relief can reduce a company’s tax bill or, for some SMEs, provide a cash sum, based on the company’s R&D spending.
Download PDFSelf Employed Tax Allowances
When you are self employed you spend money on three types of expense. Here is how each is treated.
Download PDFSubcontractors CIS
The Construction Industry Scheme sets out how contractors must handle payments to subcontractors for construction work.
Download PDFVAT Registration
VAT is charged on most goods and services that VAT-registered businesses provide in the UK. What registration means for you.
Download PDFVAT Schemes
There are three small business schemes: the Annual Accounting Scheme, the Cash Accounting Scheme and the Flat Rate Scheme.
Download PDFWorking from Home
Many UK small firms are run from the owner’s home. What you can claim when you work from home.
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