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 […]
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,
Making Tax Digital for Income Tax and Self-Assessment: A guide for landlords Read More »
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.
MVLs & Budget changes to Business Asset Disposal Relief Read More »
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
5 ways to level up your LinkedIn profile as a small business owner or contractor Read More »
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
Should I give my partner shares in the company? Read More »
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,
Understanding how your rental income is taxed Read More »
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
Changes for business in 2025: Updates for small business owners and contractors Read More »
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
How to claim a work Christmas party as a tax-deductible expense Read More »
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
Missed the Self-Assessment tax return deadline? Read More »
The UK’s first Autumn Budget under Labour since 2010 has set a decisive tone for the nation’s economic direction. Delivered by our first ever female Chancellor of the Exchequer, Rachel Reeves…
Autumn Budget highlights affecting small business owners and contractors Read More »
