Our Blog
Should you close your company using an MVL?
For many business owners, there will come a time when you want to close down your Limited Company for one reason or another. But until that point, you likely won’t have thought much about the process or have much [...]
S455 tax – what business owners need to know
If you have your own Limited Company there may be times where you lend money to your company, which traditionally comes without tax implications. But what about when you need to personally borrow money from your Limited Company, and the [...]
The Autumn Budget 2024
Forty billion pounds of tax rises represents one of the very largest tax rising Budgets outside of a time of recession, with Rachel Reeves announcing a compendium of changes aimed at businesses and higher tax payers. A penny off a [...]
Can you claim free childcare whilst working through your Limited Company?
Ask any parent what the most expensive part of having children is, and the majority will most likely tell you it’s childcare costs. Second to your monthly mortgage or rental costs, you may find that what you pay in childcare [...]
Electric car tax – how much can you expect to pay and the differences between leasing and hire purchase
Are you running your own Limited Company and considering switching to an electric car? Before taking the leap it’s worth understanding the taxable implications that come with an electric car, and how this can be affected by the final [...]
How much can you claim for using your home as an office?
If you’re working from home or planning to do so in the future, you might be wondering how much you’re able to claim from your Limited Company for completing remote work from your own home. In this blog we explore [...]
SG Accounting is FCSA accredited for another year running
Here at SG Accounting we’re delighted to announce that our FCSA accreditation has been renewed for another year. To become an accredited member we annually have to undertake an independent and rigorous assessment of all our business services, operations, [...]
The benefits of appointing a specialist accountant
As a small business owner, your accounting duties can sometimes start to get in the way of what really matters to you - running your business. This is especially true for those who have newly incorporated, as the extra [...]
Your Limited Company director’s responsibilities and key dates throughout the financial year – what you need to file with HMRC and Companies House
Directors of Limited Companies have legal responsibilities, such as filing/submitting various forms and returns to Companies House and HMRC throughout the financial year. If you’re new to contracting you may be unsure as to what needs to be done and [...]
A complete guide to dividends for Limited Companies
When running your Limited Company, it's important to understand how dividends work in order to maximise your take-home pay and become more tax efficient. Whilst consulting your specialist accountant is recommended for precise guidance, it’s useful to grasp the basics [...]
2024/25 tax year rates and allowances
National Insurance & Tax Tax-free personal allowance - £12,570 Basic rate – 20% - up to £37,700 Higher rate – 40% - from £37,701 to £125,140 Additional rate – 45% - above £125,140 [...]
The Budget 2024
Chancellor Jeremy Hunt has just finished delivering his Spring Budget 2024, in which he said the Conservatives have a plan to 'grow the economy'. He confidently stated that his Budget will "unleash people power and put this country back on [...]
HMRC’s Crypto tax nudge letters
A few years ago crypto was almost a mythical phenomenon, with investors few and far between, and those who invested may have been looked upon as slightly mad to trust such a new form of investment. Fast forward to [...]
How to maximise your tax efficiency before tax year end 5 April 2024
Allowable expenses Claim all of your allowable expenses – you can read our expenses guide here Ensure paid invoices have been recorded – chase those you’re still awaiting payment for Keep receipts 6 years after accounting [...]
Introducing our latest SG Accountant – Frances Bridge
Here at SG Accounting, we have a fantastic accounting team, ranging from our apprentices right through to our Senior Client Directors and Head of SG. We consistently attract and hire the best local accounting talent and are proud of [...]
We’d love to chat about your accounting needs. Call us now, drop us an email or fill in the form and we’ll get back to you.
New enquiries:
newbusiness@sg-accounting.co.uk
01962 896968
Existing clients:
enquiries@sg-accounting.co.uk
01962 867550