Daniel Greenaway, Author at Accounting Wise Online Accountants providing modern Accounting Services Fri, 02 May 2025 09:37:18 +0000 en-GB hourly 1 https://wordpress.org/?v=6.7.2 https://development.a-wise.co.uk/wp-content/uploads/2025/02/cropped-Favicon-Large-32x32.png Daniel Greenaway, Author at Accounting Wise 32 32 A Guide to Bookkeeping for Shopify Store Owners https://development.a-wise.co.uk/a-guide-to-bookkeeping-for-shopify-store-owners/ Wed, 30 Apr 2025 10:11:28 +0000 https://a-wise.co.uk/?p=22701 Running a Shopify store in the UK is an exciting opportunity, but along with sales and growth comes the responsibility of proper bookkeeping. Whether you're just getting started or scaling your online business, understanding bookkeeping for Shopify is essential for staying compliant, profitable, and financially in control.

The post A Guide to Bookkeeping for Shopify Store Owners appeared first on Accounting Wise.

]]> Key Accounting Dates May 2025 https://development.a-wise.co.uk/key-accounting-dates-may-2025/ Mon, 28 Apr 2025 08:41:43 +0000 https://a-wise.co.uk/?p=22597 As a small business owner, staying on top of important tax deadlines is crucial to avoid penalties and ensure your operations run smoothly. May 2025 brings several key tax dates that all UK businesses must be aware of, from Corporation Tax returns to VAT payments and employee tax forms.

The post Key Accounting Dates May 2025 appeared first on Accounting Wise.

]]> What Is a Unique Taxpayer Reference (UTR)? https://development.a-wise.co.uk/what-is-a-unique-taxpayer-reference-utr/ Wed, 16 Apr 2025 14:06:57 +0000 https://a-wise.co.uk/?p=22641 When starting a business or becoming self-employed in the UK, there are plenty of forms and numbers you need to keep track of. One of the most important identifiers you’ll encounter is the Unique Taxpayer Reference (UTR) number.

The post What Is a Unique Taxpayer Reference (UTR)? appeared first on Accounting Wise.

]]> What are the Benefits of Paying Corporation Tax Early? https://development.a-wise.co.uk/what-are-the-benefits-of-paying-corporation-tax-early/ Wed, 16 Apr 2025 14:06:50 +0000 https://a-wise.co.uk/?p=22696 Discover why UK companies choose to pay corporation tax early. Learn the benefits, HMRC interest rules, and how early payment can support your business.

The post What are the Benefits of Paying Corporation Tax Early? appeared first on Accounting Wise.

]]> What is National Insurance? https://development.a-wise.co.uk/what-is-national-insurance/ Wed, 16 Apr 2025 13:04:43 +0000 https://a-wise.co.uk/?p=22453 This National Insurance overview aims to provide a detailed understanding of National Insurance, covering its purpose, the rates at which contributions are calculated, and the impact it has on your entitlement to state benefits and retirement planning.

The post What is National Insurance? appeared first on Accounting Wise.

]]> What Is Tax Residency? https://development.a-wise.co.uk/what-is-tax-residency/ Mon, 14 Apr 2025 09:20:54 +0000 https://a-wise.co.uk/?p=22523 Tax residency is a term that might sound niche - but it plays a major role in determining how much tax you owe, where you owe it, and what you need to report.

The post What Is Tax Residency? appeared first on Accounting Wise.

]]> Limited Company VAT: What You Need to Know https://development.a-wise.co.uk/limited-company-vat-what-you-need-to-know/ Fri, 11 Apr 2025 09:41:35 +0000 https://a-wise.co.uk/?p=22444 In this post, we’ll explore everything you need to know about Limited Company VAT, including when you need to register for VAT, how to manage VAT for your business, and the common VAT schemes available.

The post Limited Company VAT: What You Need to Know appeared first on Accounting Wise.

]]> What is the Construction Industry Scheme? https://development.a-wise.co.uk/what-is-the-construction-industry-scheme/ Wed, 09 Apr 2025 13:48:09 +0000 https://a-wise.co.uk/?p=22458 Under CIS, contractors are responsible for deducting tax from payments made to subcontractors for construction work. The deductions are then passed on to HMRC.

The post What is the Construction Industry Scheme? appeared first on Accounting Wise.

]]> What is Capital Allowance? https://development.a-wise.co.uk/what-is-capital-allowance/ Mon, 07 Apr 2025 09:33:40 +0000 https://a-wise.co.uk/?p=22449 Minimising tax liabilities is a key concern for UK businesses, and capital allowances provide a valuable way to reduce taxable profits legally. These allowances enable businesses to claim tax relief on qualifying capital expenditures, effectively lowering their overall tax bill.

The post What is Capital Allowance? appeared first on Accounting Wise.

]]> Managing Taxes as a Digital Nomad https://development.a-wise.co.uk/managing-taxes-as-a-digital-nomad/ Thu, 03 Apr 2025 09:04:46 +0000 https://a-wise.co.uk/?p=22465 Understanding how to manage your taxes as a digital nomad is essential to avoid legal pitfalls and ensure you're compliant with both UK tax law and the laws of any country you’re working in.

The post Managing Taxes as a Digital Nomad appeared first on Accounting Wise.

]]>