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Small Business

'Personal Branding through LinkedIn' written over a piece of ripped orange paper for a blog post from Companion Accountancy

5 ways to level up your LinkedIn profile as a small business owner or contractor

Leave a Comment / Contractors, Freelancers, Small Business, Uncategorised

As a small business owner or contractor, a great LinkedIn profile should showcase your skills, but that’s not all. LinkedIn has the power to help you to build connections, generate leads, and establish your personal brand. That’s why we love LinkedIn at Companion Accountancy, because it helps our clients to flourish. While many may see […]

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two business partners putting together to giant jigsaw puzzle pieces for a blog post about giving your partner shares in the business from Companion Accountancy

Should I give my partner shares in the company?

Leave a Comment / Contractors, Limited Company Directors, Small Business, Uncategorised

It’s a question we’re asked a lot at Companion Accountancy. So, we’re going to answer honestly and transparently. Whether you’re a small business owner or contractor, understanding the implications is essential. Ultimately though, it is a decision that is best arrived at by you and only you as it largely depends on your comfort within

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'changes for business in 2025: updates for small business owners and contractors' written amongst misty clouds

Changes for business in 2025: Updates for small business owners and contractors

Leave a Comment / Contractors, Small Business, Uncategorised

As 2025 approaches, small business owners and contractors need to stay informed about key regulatory changes that could affect their finances. These changes stem from announcements made in the Autumn Budget of October 2024. The government outlined key fiscal updates aimed at balancing economic growth with environmental and social priorities. Understanding how these updates affect

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5 ways to make the most of your pension allowance before the tax year ends

Leave a Comment / Contractors, Small Business, Tax Planning

As we approach the end of the tax year (April 5), contractors and small business owners have a timely opportunity to review their finances and make the most of their pension allowances. Maximising pension contributions not only helps build a secure retirement but also offers tax advantages. Here’s our guide on why this is a

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Someone taking a selfie at a festive dinner table with fellow employees at a work Christmas party

How to claim a work Christmas party as a tax-deductible expense

Leave a Comment / Accounting and Company Tax, Limited Company Directors, Small Business, Uncategorised

Christmas is a-coming and the work party is sounding expensive! But did you know that HMRC allows you to claim your work Christmas party as a tax-deductible expense? The work Christmas party might be a love it or hate it kind of social event amongst staff, but without one, your staff could end up feeling

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Missed the Self-Assessment tax return deadline?

Leave a Comment / Contractors, Freelancers, Self Employed, Small Business, Uncategorised

Don’t panic. Contractors and small business owners in the UK who missed the self-assessment tax return deadline on October 31 still have the chance to submit! There is also an online deadline of January 31, so there is still time to get everything sorted. Here’s what you need to know, the steps you need to

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Allowable benefits for UK limited companies

Leave a Comment / Contractors, Limited Company Directors, Small Business

Running a limited company in the UK comes with numerous responsibilities, especially regarding benefits provided to employees and directors. For contractors and small businesses, understanding allowable benefits is essential. This is because they can either be exempt from tax, offer potential tax reliefs, or have specific tax treatments. Here, we’ve covered what allowable benefits are,

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When to increase your prices and day rates and how to tell your clients

Leave a Comment / Cashflow, Freelancers, Self Employed, Small Business

Knowing the right time and reason to increase your prices or day rate is a challenge for any small business owner. As a contractor or small business owner, knowing when and how to increase your prices or day rates can feel daunting. However, charging what you’re worth is key to maintaining a sustainable business, rewarding

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7 tax reliefs your small business could be entitled to

Leave a Comment / Self Employed, Small Business, Tax Planning

There are various tax reliefs for small businesses and contractors that can ease the financial pressures that come at the end of each fiscal year. As a small business or contractor in the UK, understanding the tax reliefs available to you can make a significant difference to your financial health. The UK government offers a

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