Our Blog
What You Need to Know About Business Asset Disposal Relief
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 [...]
How Associated Companies Affect Corporation Tax
If you’re running multiple trading companies, it’s essential that you understand the concept of ‘associated companies’. HMRC uses the rules on associated companies to determine the small profits rate of Corporation Tax, so this means that the more companies [...]
SG Accounting Celebrates Runner-up Recognition at the Contracting Awards 2025
Proud to be recognised once again We’re delighted to share that we’ve been named Runner-Up in the Best Contractor Accountant (1,000 – 3,000 Clients) category at the 2025 Contracting Awards! While we didn’t take the top spot this year, [...]
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 [...]
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 blog [...]
Dormant Companies Explained for Limited Company Contractors
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 can [...]
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 [...]
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 unnecessary [...]
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