Accountancy Tips

Find out what happens if you miss the Self Assessment deadline, including late tax return penalties, interest charges and what you should do next.

Learn the difference between a budget and a forecast, how financial forecasting works, and how both can help you make better business decisions.

Payroll is the process of calculating and paying your employees for the work they’ve done. It involves working out gross pay, deducting tax and National Insurance, processing pension contributions, and reporting everything to HMRC under Real Time Information (RTI) rules. Payroll ensures your staff are paid correctly and on time, while keeping your business compliant with UK tax and employment law.

Approaching your year end and not sure how much tax your business owes? Read this article to find out.

Find out when your company accounts are due, how deadlines differ in your first year, and what penalties apply for late filing. Learn how to manage Corporation Tax dates, file early, and stay compliant with Companies House and HMRC, so you can avoid fines, protect your reputation, and keep your business running smoothly.

Learn what a confirmation statement is, what information it includes, and when and how to file it with Companies House. Discover the key differences between a confirmation statement and annual accounts, what happens if you miss the deadline, and how to stay compliant with expert help from a professional accountant.

Learn what capital gains tax is, how the £3,000 allowance works for 2024/25 and 2025/26, and when you need to report and pay CGT. Discover how to calculate your gains, offset losses, and plan ahead to reduce your tax bill with smart timing, reliefs, and expert advice.

Find out how much you should expect to pay, what factors affect pricing, and which services offer the best value. Learn how to budget for accounting support, cut unnecessary costs, and choose the right accountant to help your business stay compliant, efficient, and profitable.

Your guide to whether you need an accountant as a limited company. Discover what’s legally required, how accountants support your business, and when it’s worth investing in professional help. Learn how expert advice can save time, ensure compliance, reduce tax, and help your company grow with confidence.

Your step-by-step guide to starting a business in the UK. From shaping your idea and researching the market to registering your company and managing your finances. It covers how to plan, protect, and grow your start-up while avoiding common mistakes that hold new businesses back.

Learn how to manage business finances with clear, simple steps. Discover how to handle cash flow, funding options, credit lines, and record keeping to keep your business on track.

Find out how much car mileage you can claim through your business. Learn HMRC mileage rates, eligible journeys, record-keeping tips, and how to maximise your mileage claims for tax relief.

Discover if sponsorship is tax deductible for your business. Learn HMRC’s rules, allowable expenses, family member restrictions, charity sponsorship tips, and record-keeping advice from Prosper accountancy.