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.

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Latest Accounting Articles, Business Tips and Updates

Accounting Wise - Essential Business Tools for your Plumbing Business

Essential Business Tools for your Plumbing Business

In this post, we’ll explore the essential business tools for plumbing business owners, with a focus on administrative, accounting, and management solutions. We’ll also include expert tips from an accounting perspective to help you improve efficiency, compliance, and profitability.
Accounting Wise - What Is Class 4 NIC

What Is Class 4 NIC?

If you’re self-employed in the UK, understanding your National Insurance obligations is vital for staying compliant and avoiding unexpected tax bills. One key component is Class 4 National Insurance Contributions (NICs). But what exactly is Class 4 NIC, how is it calculated, and when do you need to pay it?
Accounting Wise - handling corporation tax for a partnership or LLP

How to Handle Corporation Tax for a Partnership or LLP

In this post, we look at the essentials of how to handle corporation tax for a partnership or LLP in the UK, including the latest updates for the 2025/26 tax year. Whether you're starting out or looking to ensure compliance, here’s what you need to know.
Accounting Wise - borrowing money from your limited company

Borrowing Money from Your Limited Company

Running a limited company in the UK offers a range of financial and tax planning opportunities, but borrowing money from your own company isn’t as straightforward as transferring funds from one account to another. As a director, you need to understand the tax implications, legal rules, and reporting requirements that apply.
Accounting Wise - can a sole trader employ staff in the UK

Can a Sole Trader Employ Staff in the UK?

While sole traders often operate alone, there’s no legal barrier preventing them from building a team. Whether you run a small café, offer plumbing services, or freelance in digital marketing, you may find yourself needing an extra pair of hands as your business grows.
Accounting Wise - Common Ecommerce Accounting Mistakes

Common Ecommerce Accounting Mistakes UK Businesses Should Avoid

Running an ecommerce business in the UK is fast-paced, competitive and often complex especially when it comes to accounting. With multiple sales channels, digital tools and tax regulations to consider, it’s easy to slip up. But accounting errors can lead to cash flow problems, HMRC penalties, or even long-term financial instability.
Accounting Wise - essential tax documentation for the UK self-employed

Essential Tax Documentation for Self-Employed Workers in the UK

If you’re self-employed in the UK whether as a sole trader, freelancer or contractor then keeping proper tax documentation isn’t optional. It’s essential for accurate reporting, maximising allowable expenses, and staying compliant with HMRC.
Accounting Wise - what is financial forecasting

What Is Financial Forecasting?

Financial forecasting is the process of estimating a business’s future financial performance based on historical data, current market conditions, and anticipated trends.

Featured Articles

Accounting Wise - Companies House ID Verification Changes

Companies House ID Verification Changes

Companies House has been rolling out voluntary identity verification for company directors, Persons with Significant Control (PSCs), and individuals submitting filings on behalf of a company. This forms part of a wider set of reforms introduced by the Economic Crime and Corporate Transparency Act 2023 (ECCTA).
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 budget mean for your small business - accounting wise

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.
Formations Wise - Online Company Formation Services

Online Company Formation Services

Free company formation with our Pre-Built or Bespoke Accounting packages!

All official documents provided

Online Hub to manage your company

London Registered office Address

Your own incorporated limited company

Company Formation
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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.

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