Our Blog
What Accounting Software Should I Use as a Contractor?
If you've chosen to contract through a limited company, choosing the right accounting software is one of the early decisions you’ll make. Good software helps you stay compliant, track your finances in real time, automate repetitive admin, and collaborate [...]
How Much Does a Contractor Accountant Cost, and What Value Should I Expect?
If you have decided to contract through a Limited Company and wonder how to handle your accounting responsibilities and what it might cost to engage an expert, then this article is for you. Becoming a Limited Company contractor can [...]
How Does Business Banking Work for Small Businesses and Contractors?
For new limited company owners and contractors, one of the most common questions is: do I need a business bank account? According to government guidance, “there must be a clear division between the company’s finances and those of the [...]
How Do I Get Started as a Contractor Through a Limited Company?
When you get started as a contractor, one of the first decisions you’ll need to make is how to structure your business. Some contractors are best suited to working through an umbrella company or as a sole trader, while [...]
Allowable business expenses for Limited Company Directors: explained
Business expenses are costs a limited company can claim back from its income in order to reduce the company’s taxable profit and therefore lower the amount of corporation tax due. These expenses are only allowable if they are wholly, exclusively [...]
How do dividends and salary work for Limited Company directors?
When running a limited company, understanding how to pay yourself is key to working tax-efficiently and staying compliant with HMRC. Balancing salary and dividends correctly can help you optimise your take-home pay while ensuring your company meets all its [...]
Trivial Benefits for Limited Companies: Tax-free gifts and employee rewards
If you’re a director of a Limited Company, there may be times when you want to give a gift to your employees, or yourself as a director, without creating a tax liability. Trivial Benefits are a simple, tax-efficient way to reward your team or directors, but [...]
Dormant Limited Companies in the UK: Rules, tax implications and how to stay compliant
If you’re running a Limited Company in the UK, there might be times when you decide to stop trading, but don’t want to close your business entirely. Whether you're taking a break, planning, or restructuring, making your company dormant [...]
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 [...]
The key dates this 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 to [...]
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 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 taxed [...]
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 [...]
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 this [...]
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’ [...]
We’ll contact you shortly to discuss your enquiry and answer any questions. If we’re unable to reach you by phone, we’ll email you to arrange a chat.
New enquiries:
newbusiness@sg-accounting.co.uk
01962 896968
Existing clients:
enquiries@sg-accounting.co.uk
01962 867550