MA & CO Accountants

In the fast-paced world of business, staying ahead of tax changes is not just a necessity; it's a competitive advantage. Recent updates from HMRC have introduced significant changes that could impact your bottom line. This post breaks down the latest developments and offers actionable advice to help you navigate these changes with confidence. National Insurance Changes What’s New? Employers' National Insurance (NI) rates have increased while thresholds have decreased. This shift means that businesses will face higher costs, directly affecting payroll calculations. Actionable Advice: Review your payroll processes immediately. Calculate the new costs and adjust your budgets accordingly. Consider consulting with a tax professional to explore potential strategies for mitigating these increased expenses. PAYE Settlement Agreements What’s New? HMRC has updated guidance for PAYE Settlement Agreements for the 2023/24 tax year. This change provides clarity on how to handle employee bene...

Running a limited company in the UK often feels like playing a game where HMRC keeps changing the rules . But what if you knew how to play smart ? This guide breaks down 37 clever, fully legal ways to get money out of your company, without giving half of it to the taxman. 💸 Classic Extraction Methods That Still Work 1. Salary vs Dividends 📊 If you're the only employee, a small salary (£9,100 or under) plus dividends is still a great combo. If you have staff, you might qualify for the Employment Allowance —meaning you could take up to £12,570 salary tax-free . 💡 Top tip : Use dividends on top, taxed at just 8.75% in the basic rate band. Don’t forget to file your Self-Assessment (SA100) . 2. Pension Contributions 💼 Your company can contribute up to £60,000 per year into your pension—fully tax-deductible for the company and tax-free for you. 💡 Example : A £10,000 contribution reduces your taxable profit by that amount, saving up to £2,500 in Corporation Tax. 3. Director’s ...

Understanding the Spring Statement 2025 is essential for UK business owners. From corporation tax rates to National Insurance adjustments and HMRC guidelines , this year's budget brings significant updates. In this article, we break it down using simple, clear language, so you know how these changes affect your business—and what to do about them. 🌍 What Is the Spring Statement? The Spring Statement is an annual update from the Chancellor of the Exchequer , providing a snapshot of the UK economy and government finances. Unlike the full Autumn Budget, it’s more about updates and forecasts than introducing entirely new tax laws. In 2025 , however, several impactful policy updates have been rolled out that every UK business owner—whether a sole trader , limited company , or part of a partnership —should know. 💼 Key Budget Changes at a Glance Here’s a helpful table outlining the most important policy changes and how they affect you: Policy Area Policy Stance Implementation Status ...

🔍 Introduction: Why Getting Your Accounting Right Matters Understanding the cost of hiring an accountant in 2025 is more crucial than ever. With HMRC compliance updates and digital transformation mandates like MTD, accurate financial management is now a strategic advantage. Hiring a professional accountant can: Save up to 20% on your tax bill Reduce the risk of HMRC investigations by 70% Let’s explore the real costs and value in 2025. 📊 Average Accounting Costs for UK Small Businesses in 2025 Monthly Retainer Packages Business Type  Avg. Monthly Cost (2025) Typical Services Included Sole Trader   £50 - £150 Bookkeeping, Self-Assessment, Basic tax advice Small Ltd Company (< £100k) £100 - £300 Bookkeeping, VAT, Payroll (2-3 staff), Accounts, Corp tax, Director SA Return Medium Ltd Company (£100k-£500k) £250 - £500 Full bookkeeping, VAT, Payroll (5-10), Management accounts, Tax returns Growing Business (£500k - £1M) £400 - £900 Advanced tax planning, Forecasting, Full ...