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 - Common Accounting Questions for UK Small Businesses

Common Accounting Questions for UK Small Businesses

Running a business comes with plenty of financial responsibilities and just as many questions. Whether you’re a sole trader, limited company, or freelancer, understanding the basics of business accounting is key to staying compliant, efficient, and profitable.
Accounting Wise - How to Reclaim Overpaid Tax for Your Business

How to Reclaim Overpaid Tax for Your Business

Mistakes in tax payments can happen, and businesses sometimes overpay HMRC. The good news is that reclaiming overpaid tax is possible, provided you follow the correct procedures.
Accounting Wise - How to Prepare for an HMRC Tax Inspection as a Limited Company

How to Prepare for an HMRC Tax Inspection

In this guide, we will walk you through some of the steps of preparing for an HMRC tax inspection, what to expect during the audit, and the best practices for ensuring that everything runs smoothly.
Accounting Wise - Is an External Audit of Accounts of a Limited Company Required

Is an External Audit of Accounts of a Limited Company Required?

As a limited company in the UK, there are various legal and financial obligations you must meet, one of which is determining whether an external audit of your company's accounts is required.
Accounting Wise - what work from home expenses can i claim

What Work from Home Expenses Can I Claim?

With more businesses and employees embracing remote work, the topic of work from home expenses has become increasingly relevant. If you're working from home, it's important to understand which expenses you can claim and how to go about it.
Accounting Wise - key accounting dates for July 2025

Key Accounting Dates for UK Businesses in July 2025

In this post, we’ve compiled all the key accounting and tax deadlines for July 2025 to help you stay organised and prepared.
Accounting Wise - what is a EORI number

What Is a EORI Number?

We break down what a EORI number is, why it’s important for UK businesses involved in cross-border trade, and how to apply for one quickly and correctly.
Accounting Wise - what is an authorised corporate service provider (ACSP)

What is an authorised corporate service provider (ACSP)?

As part of a wider effort to improve corporate transparency and reduce economic crime, the UK government is introducing stricter requirements around company formation and reporting. Central to this is the new role of the Authorised Corporate Service Provider (ACSP).

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.