Category: Small Business Tax
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How much do accountants charge for year-end accounts in the UK?
If you are self-employed or run a small business in the UK, expect to pay premium accounting fees of between £400 and £1,200 for a thorough year-end self-assessment tax return as a sole trader. If you operate a small limited company, comprehensive year-end accounts and your corporation tax return will typically cost between £1,500 and…
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HMRC late filing penalty appeal
Yes, you can appeal an HMRC late filing penalty. To succeed, you must have a “reasonable excuse” for missing the deadline, and you usually need to make your appeal within 30 days of the date on the penalty letter.+1 Step 1: Check if you have a “Reasonable Excuse” HMRC will not accept an appeal just…
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Property income rates 2027
Property income is any money you earn from letting out land or buildings. This includes renting out a flat, a house, or even a parking space. How it is taxed depends on how much you earn and the specific allowances you use. Generally, if your property income is very low (under £1,000), you do not…
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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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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”…