Pensionable earnings are the specific parts of your pay that your employer uses to work out how much money goes into your pension pot. Generally, you calculate them by identifying which pay elements (like basic salary or bonuses) are “pensionable” and then applying any relevant government thresholds. Knowing exactly what counts as pensionable pay and […]
What Are Pensionable Earnings and How Do I Calculate Them? Read More »
DBA stands for Doing Business As and there are many reasons for what makes it worthy of working together under a DBA (Doing Business As). This name might be a wise choice for an organisation. If you’ve heard the term Doing Business As (DBA) online, you might be wondering how it works here in the UK. While
What is Doing Business As (DBA) in the UK & How to File a Doing Business As Read More »
When you look at your car or home insurance renewal, you probably notice the total price and then a small line mentioning tax. This is the Insurance Premium Tax UK, a quiet but significant cost that millions of us pay every year. Unlike VAT, which you see on almost everything from clothes to coffee, this tax
Insurance Premium Tax UK: Current Rates & Exemptions (2026) Read More »
If you are registered blind or severely sight impaired in the UK, you may be entitled to an extra tax-free allowance known as the Blind Person Allowance. For the tax year 2025/26, the Blind Person’s Allowance is £3,130. This means you can earn an additional £3,130 before paying Income Tax, on top of your standard personal allowance. It’s
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If you are the one wondering about what fintech is or what is a fintech company in the UK, this is your guide. Fintech refers to technology in simple words, or some specialists refer to it as tech-based methods. The tendency to use fintech is increasing with every passing day in the modern financial services
What is a Fintech Company? Why Does Fintech Matter to Entrepreneurs? Read More »
If you are searching for a self employed food allowance, the short and honest answer is: you cannot claim for everyday meals in the same way employees get staff canteens or free lunches. But you can claim the cost of food when it counts as a genuine business expense. That usually means you are travelling for work, working
Food Allowance for Self-Employed – What To Claim In 2026? Read More »
Trade payables represent the money a business owes to its suppliers or vendors for goods and services purchased on credit. They are recorded as a liability on the company’s balance sheet, specifically under Current Liabilities. This is because they are typically expected to be settled within one year. To keep a healthy cash flow, every
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It doesn’t matter what type of small business owner you are when you join us at Accotax, our professional certified Xero accountants are ready to help you grow through the Xero platform and help you access all the features and benefits the software has to offer. Xero is the market-leading, award-winning bookkeeping and accounting software
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It turns out to be a rewarding experience when you are carrying out your own business in an efficient way. However, if the operating system is not well prepared, running a business can be a very stressful journey. If you aim to pursue the dream of a successful business, you have to comply with the
How to File Company Accounts – Everything You Need To Know! Read More »
As a business owner or director, it’s crucial to understand the deadlines for annual accounts of your company’s financial statements with Companies House. Think of it like a calendar reminder, you wouldn’t want to miss a crucial appointment. In the UK, Companies House is the central registry for all companies, and it’s responsible for maintaining
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