Accounting Blogs: Tax & Accountancy Advice for Small Businesses

Here at Keith Graham Chartered Accountants and taxation specialists we are dedicated to keeping our clients informed and abreast of techniques or practises which will improve the way they treat their accounts and taxation requirements. We also have a regularly updated resource centre helping you to manage your money more effectively, please feel free to take a look.

Our blog and news posts are dedicated to all things accountancy, taxation and auditing and designed to include information on helping small businesses, personal taxation questions answered and many more subjects in-between.

If you have a topic you would like us to cover in our accountancy and taxation blog then please get in touch via our local accountancy contact page.

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12 Nov 2024

What is Non-Dom Tax Status in the UK?

If you declare yourself as having a non-dom status in the UK, it would previously have given you the chance to make significant - and perfectly legal – tax savings by nominating a country with lower tax obligations as your home or 'domicile' country.

09 Oct 2024

Do Schools Pay VAT?

Guide to VAT Laws in Education

05 Sep 2024

How to Sell Your Business in the UK: A Comprehensive Guide

Selling your business is a significant milestone, whether you're seeking a new adventure or considering taking a step back from working life. It's exciting but, at the same time, can also be daunting as you tackle new challenges.

12 Aug 2024

5 Essential Small Business Cyber Security Tips

Cybersecurity is not just a concern for large corporations. If you run a small business that uses digital tools or works online, then making sure this activity is secure is vital for you, too. Small business cybersecurity is often overlooked due to limited resources or budget, yet this inaction makes your business even more vulnerable.

23 Jul 2024

Tax Relief on Electric Cars for UK Self-Employed Business Owners

Are you a UK self-employed business owner considering an electric vehicle for your operations? If so, understanding the tax relief available on electric cars could greatly benefit your business's financial planning. This guide outlines the key aspects of tax relief on electric vehicles in the UK for the self-employed, aiming to help you make the most informed decision for your business needs.

18 Jun 2024

How to Avoid Paying Council Tax on an Empty Property

With household bills in the UK remaining well above pre-pandemic levels, managing expenses continues to be challenging. One area that often goes overlooked is council tax on unoccupied properties. Whether you've acquired a new property that needs refurbishing or you're between tenants, understanding how to avoid paying council tax on an empty property can lead to significant savings.

21 May 2024

5 of The Best Grants for Small Businesses

In the UK, there are many small business grants designed to support your SME in boosting its growth, developing its products, and more. Navigating the maze of options can be daunting, but the financial benefits are well worth the effort. To help you, here's our guide to five of the best small business grants available.

09 Apr 2024

Tax Calendar for 2024/25: Key Dates for Self-Assessment Tax Returns

The 6th of April has come round again as fast as ever, signifying a new tax year in the UK. As we step into the tax calendar 2024/25, it's crucial for self-employed individuals, business owners and anyone receiving income that is not taxed at source to mark their calendars with the key self-assessment tax return dates.

20 Mar 2024

How to Become a Limited Company: Your Essential Guide

Making the transition from a sole proprietorship or partnership to a UK-limited company is a significant step in the evolution of your business. Becoming a limited company not only elevates your brand's professionalism but can also offer the advantage of limited liability protection and potential tax benefits (both under certain circumstances).

14 Feb 2024

Can You Sell Company Assets to Yourself?

Business owners often wear multiple hats, from managing day-to-day operations to making complex strategic decisions. Among these decisions may be selling company assets to yourself. But is this something you can do?

29 Jan 2024

Lifetime Allowance to be Scrapped in 2024

From 6th April 2024, there will be a significant shift in the UK's pension landscape: the lifetime allowance will be scrapped. This major change, announced in the Spring Budget 2023, is a part of the government's strategy to encourage economic growth and increase labour market participation, particularly among individuals aged 50 and above.

29 Jan 2024

Capital Gains Tax Changes in 2024: What You Need to Know

In the November 2022 budget, changes in Capital Gains Tax were announced that would be staggered across 2023 and 2024. While it may seem daunting, navigating the latest changes in Capital Gains Tax is crucial for those looking to maintain a healthy financial profile. In this blog, we delve into how the Capital Gains Tax changes in 2023 and 2024 may affect your finances and look at strategies for mitigating the impact.

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