Accounting Wise Knowledge Centre

Latest Hot Topics, Updates and Resources from Accounting Wise

Whether you’re a small business owner, freelancer, or simply looking to manage your personal finances more efficiently, our expert insights are designed to help you navigate the complexities of accounting with ease.

From tax tips and financial planning advice to the latest industry trends and software solutions, Accounting Wise is here to help.

Stay informed, stay compliant, and take control of your finances with confidence.

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Latest Accounting Articles, Business Tips and Updates

Accounting Wise - a guide to bookkeeping for shopify store owners

A Guide to Bookkeeping for Shopify Store Owners

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.
Accounting Wise - Key Accounting Dates May 2025 - Accounting Wise

Key Accounting Dates May 2025

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.
Accounting Wise - what is a unique taxpayer reference (UTR)

What Is a Unique Taxpayer Reference (UTR)?

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.
Accounting Wise - What are the Benefits of Paying Corporation Tax Early

What are the Benefits of Paying Corporation Tax Early?

Discover why UK companies choose to pay corporation tax early. Learn the benefits, HMRC interest rules, and how early payment can support your business.
Accounting Wise - what is national insurance

What is National Insurance?

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.
Accounting Wise - what is tax residency

What Is Tax Residency?

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.
Accounting Wise - limited company VAT_ what you need to know

Limited Company VAT: What You Need to Know

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.
Accounting Wise - what is the construction industry scheme (CIS)

What is the Construction Industry Scheme?

Under CIS, contractors are responsible for deducting tax from payments made to subcontractors for construction work. The deductions are then passed on to HMRC.

Featured Articles

Accounting Wise - Navigating April 2025 UK Tax Changes

Navigating April 2025 Tax Changes

As we edge closer to the conclusion of the 2024/25 tax year on 5 April 2025, it’s the perfect time to explore the key tax changes set to take effect this year.

What does the 2024 UK budget mean for your business?

What does this Budget mean for businesses? Let’s break down the key announcements to see how they could affect your company.

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Accounting Wise is a trading style of Accounting Wise Ltd, a limited company registered in England under company number 09365202. Our registered office is: The Carriages, Station Road, Ware, SG12 9PL UK.

Content is for general information only. Always take advice.