Category: FAQ
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Savings Interest Tax rates 2027
From April 2027, the tax rates on savings interest will increase. The new rates for the 2027 to 2028 tax year will be: These new rates apply across the whole of the UK. What does this mean for you? While the tax rates are going up, the rules on when you have to pay tax…
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Dividend Tax Rates 2026/27
From 6 April 2026, the amount of tax you pay on dividend income will increase for most people. The new rates will be 10.75% for basic rate taxpayers and 35.75% for higher rate taxpayers. The additional rate will stay the same at 39.35%. These changes mean that investors and company directors who pay themselves via…
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MTD for rental income 2026
Starting 6 April 2026, if your total income from property and self-employment is over £50,000 a year, you must stop using the old annual tax return system. Instead, you must keep digital records and send updates to HMRC every three months using special software. What is Making Tax Digital (MTD)? Making Tax Digital is the…
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Is National Insurance payable on employer pension contributions?
Under current rules, no—employers do not pay National Insurance on the contributions they make to your pension. However, the government has proposed a new Bill that would change this for certain contributions starting in April 2029. If this proposal becomes law, National Insurance would become payable on “salary sacrifice” pension contributions that exceed £2,000 a…
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Accountant vs Bookkeeper: Which Service Does Your Business Actually Need?
The Short Answer The main difference is timeframe and focus. Which do you need first? Most small businesses need a bookkeeper first. You need someone to track money coming in and out accurately from day one. You generally bring in an accountant closer to year-end to file your taxes, or quarterly if you need high-level…
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Accountant Fees in the UK: What Should a Small Business Expect to Pay?
To give an immediate benchmark: for a standard UK small business or sole trader, professional accounting fees typically range from £60 to over £300 per month. For a sole trader with low volume, you can expect to pay around £60 per month. As a business grows into a limited company or becomes VAT-registered, fees usually…
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What to Look for in a Small Business Accountant: A 2026 Guide
In 2026, a small business accountant should be more than just a “tax filer.” You need a strategic growth partner who understands your specific industry, operates on a digital-first basis (essential for Making Tax Digital compliance), and offers proactive advice on cash flow and profitability throughout the year—not just at the deadline. Why the “Once-a-Year”…
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Self Employed Tax Form UK: 2026/27 Guide
For the 2026/27 tax year (which runs from 6 April 2026 to 5 April 2027), the rules are changing for some people. Here is the simple guide to getting it right. 1. What is the “Form”? For most people, the form is still the Self Assessment Tax Return (form SA100). You usually fill this in…
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10 Things You Didn’t Know You Could Claim (Self-Employed UK)
If you are self-employed in the UK, you pay tax on your profits, not your total income. That means: Income – Expenses = Taxable Profit Every valid expense you forget to claim is money you are voluntarily handing over to HMRC. While everyone knows about “mileage” and “laptops,” here are 10 lesser-known or commonly missed…
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Self Employed Pension – UK Guide
What is a self-employed private pension? In short: A self-employed pension is a private savings pot that you set up yourself to pay for your life after you stop working. Because you don’t have an employer to sort it out for you, you are responsible for starting it. The government encourages you to do this…