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The growth mindset: New potential for established businesses

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

Long-term success in business doesn’t mean simply maintaining what you’ve built. It means remaining adaptable, embracing new opportunities, and continuing to innovate. For established businesses, this means adopting a growth mindset – a strategic outlook that advances expansion, resilience, and innovation. At Companion Accountancy, our team of accountants believe this mindset is essential for thriving as […]

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a cartoon giant orange company car parked in the car park of a small business

Company cars: What small businesses and contractors should know

Leave a Comment / Contractors, Small Business, Tax Planning, Uncategorised

Are you driving into 2025/2026 tax-efficiently? Allowable benefits, such as company cars, are affected by things like Benefit-in-Kind and National Insurance Contribution rates. Business is changing all the time and small businesses and contractors need to stay on top of these latest tax considerations to keep their businesses cruising smoothly. Whether you’re driving around town

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Determining your salary for 2025/2026: A guide for business owners

Leave a Comment / Small Business, Tax Planning, Uncategorised

As a business owner and director, deciding on your salary is a crucial task that needs revisiting annually. While this decision can impact your personal income, tax obligations, and company finances, it also requires careful consideration to ensure compliance with tax legislation, including the Managed Service Company (MSC) legislation. At Companion Accountancy, we understand the

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5 strategies for sourcing your next IR35 contract

Leave a Comment / Contractors, Freelancers, IR35, Uncategorised

Finding your next IR35 contract can be a rewarding journey, especially when you’re equipped with the right strategies. As an accountancy firm dedicated to helping and advising small business owners, we’ve put together some key tips to help you navigate this process with confidence and success. 1. Leverage professional networks LinkedIn and specialist forums: Maintain

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How to increase sales in your eCommerce business: Practical tips for small business owners

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Running an eCommerce business is both rewarding and challenging. You’ve likely poured countless hours into building your online store, curating products, and ensuring smooth operations. But when it comes to increasing sales, it can feel like there’s always more to learn. The good news? There are proven strategies that can help. Most are easier to

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a row of terrace houses with 'Making Tax Digital: A Guide for Landlords' written over it.

Making Tax Digital for Income Tax and Self-Assessment: A guide for landlords

Leave a Comment / Landlord's Guide, Uncategorised

Tax compliance is often seen as one of the least glamorous aspects of managing property, but it’s also one of the most critical. With the government’s rollout of Making Tax Digital for Income Tax and Self-Assessment (MTD ITSA), landlords need to adapt to significant changes in how they report their income and expenses. To help,

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a person's hand dropping animated coins with icons representing different assets in terms of Business Asset Disposal Relief

MVLs & Budget changes to Business Asset Disposal Relief

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An overview of Members Voluntary Liquidation (MVL) for Business Asset Disposal Relief (BADR). Written by Louise Barker, Group Marketing Director at Opus Advisory Group – Companion Accountancy’s third-party partner. Once upon a time, Business Asset Disposal Relief (BADR) used to be called Entrepreneurs Relief. It has long been a boon for entrepreneurs selling their businesses.

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'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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UK landlord learning about how his rental income is taxed

Understanding how your rental income is taxed

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Earning rental income can be an excellent way to build wealth and achieve financial independence, but it comes with responsibilities. Especially when it comes to taxes. Whether you’re a seasoned landlord or just starting with your first property, understanding how your rental income is taxed is essential to staying compliant and maximising your profits. Here,

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