The Spring Forecast 2026
In today’s Spring Forecast, Chancellor Rachel Reeves presented the latest economic and fiscal forecast from the Office for Budget Responsibility (OBR), providing an updated outlook for the UK economy. There were no major new tax or spending announcements, in line [...]
What are the key dates throughout the tax year for Limited Company Directors?
As a director of a Limited Company, you're responsible for meeting a range of legal obligations throughout the tax year, such as filing and submitting various forms and returns to HMRC and Companies House. Missing deadlines can potentially lead [...]
What are the 2026/27 tax year rates and allowances?
Income 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 [...]
How to maximise your tax efficiency before tax year end 5 April 2026
Allowable expenses Claim all of your allowable expenses Ensure paid invoices have been recorded – chase those you’re still awaiting payment for Keep receipts 6 years after accounting period ISAs Use your ISA allowance £20,000 [...]
What announcements were made in the Autumn Budget 2025?
With so much pre-Budget speculation, we were expecting a long wait for the detail - but events moved faster than anyone anticipated. In an unprecedented slip, the Office for Budget Responsibility (OBR) accidentally published its Economic and Fiscal Outlook around [...]
How much can you claim for using your home as an office as a limited company director?
If you work from home you can usually expect to incur additional expenses, but did you know that you may be able to claim tax relief on those expenses if using part of your home as an office? In [...]
What to Do If You Can’t Pay HMRC: Expert Guidance from SG Accounting
We know that from time-to-time everyone can experience uncertainty surrounding their finances, and that this time of year in the lead up to Christmas and tax return season can amplify those worries. If you’re struggling with balancing your business’ [...]
What You Need to Know About Business Asset Disposal Relief (BADR)
It’s essential to understand how Business Asset Disposal (BADR) works, if you’re considering or preparing to wind down your business. Known previously as Entrepreneurs’ Relief, it can reduce the amount of tax you pay on disposals of qualifying business [...]
How to protect yourself and your business from HMRC tax scams in the UK
UK tax scams are becoming increasingly sophisticated, especially around the Self-Assessment Tax return deadline. Fraudsters often try to impersonate HMRC to trick individuals and business owners into revealing personal or financial information. Whilst HMRC have reported a 12% drop [...]
ID Verification at Companies House – what you need to know
From November 18th, 2025, Companies House will be enforcing mandatory identity verification for all Limited Company directors, Persons with Significant Control (PSCs), and anyone who files on behalf of the company. This change, under the Economic Crime and Corporate Transparency [...]
The tax benefits of making pension contributions through your Limited Company
If you’re busy running your own Limited Company, you’ll no doubt be on the lookout for ways in which you’re able to make smart, tax-efficient savings for your future. One of the most powerful ways of doing so is [...]
VAT schemes – which one is right for you?
If your limited company is approaching the VAT registration threshold, or you are already VAT registered, ensuring you choose the correct VAT scheme for your business is more than just a compliance task. By having the correct scheme you [...]
What do your Limited Company’s annual accounts show you?
As a director of your limited company you’re no doubt well-rehearsed in submitting your annual accounts every year. But what do these accounts show, not just to HMRC and Companies House, but you also as the business owner? This [...]
Dormant Companies: what Contractors and freelancers with a UK Limited Company need to know
If you have a Limited Company you may find there are times when you’re not trading but you want to keep your company active, or you may decide to set a company up but not trade straight away. In [...]
Trivial Benefits
If you’re a limited company director, you may find there are times when you want to give a gift from your business to your employees (if you have any), or even to yourself. Based on the gift’s circumstances you [...]
How do Limited Company dividends work?
Understanding how dividends work is key to running your Limited Company tax-efficiently and maximising your overall take-home pay. While it’s always wise to speak with your SG Client Director for tailored advice, having a solid grasp of the basics [...]
What is Making Tax Digital?
Making Tax Digital (MTD) is no longer just a passing comment or consideration of HMRC’s. It’s imminent, and now is the perfect time to ensure we’re all ready. In this blog we explore what MTD actually is, how SG [...]
What do Limited Company directors need to file with HMRC and Companies House throughout the year?
As a director of your Limited Company, you have legal responsibilities such as filing and submitting various forms and returns to Companies House and HMRC throughout the financial year. Failing to do so will result in penalties, fines and [...]
What are the 2025/26 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 [...]
How to maximise your tax efficiency before tax year end 5 April 2025
Allowable expenses Claim all of your allowable expenses Ensure paid invoices have been recorded – chase those you’re still awaiting payment for Keep receipts 6 years after accounting period ISAs Use your ISA allowance £20,000 [...]