Our Blog
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 Accounting [...]
SG Accounting’s FCSA accreditation renewal 2025
The whole team here at SG Accounting are proud to announce that our FCSA accreditation has been renewed for yet another year! How do you become FCSA accredited? To maintain our status as an accredited FCSA member, we undergo a [...]
What announcements were made in the Spring Statement 2025?
Chancellor of the Exchequer, Rachel Reeves, held the Spring Statement on Wednesday 26 March 2025. In the run up to the event, the Chancellor stated that she ‘remains committed to one major fiscal event a year to give families [...]
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 changes for the Employer’s National Insurance rate for 2025/26?
Overview of Employer's National Insurance Contributions Back in October 2024, the UK government released the much-anticipated Autumn Budget where they announced a variety of changes affecting UK employers. One of the significant talking points from this was the adjustments [...]
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 [...]
Should you close your Limited Company using an MVL?
Closing your Limited Company - your options For many business owners, there will come a time when you want to close your company for one reason or another. But until that point, you likely won’t have thought much about [...]
What is S455 tax?
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 [...]
What do you need to know about Business Asset Disposal Relief (BADR)
On closure of a company, retained reserves (net profit after the payment of Corporation Tax) in a company can be distributed as a "capital distribution". The owners of small businesses may be entitled to Business Asset Disposal Relief (BADR) - [...]
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 [...]
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