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

What is a Sole Trader Business?

What is a sole trader? As the term suggests, when operating as a sole trader you’re running your business as an individual. Being a sole trader merely means that there’s no legal distinction between the owner and the business.
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Accounting Wise - Changing Your Company Year End

Changing your company year end

There are several reasons why a company might consider changing its financial year-end, which will either shorten or lengthen the accounting period.
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IR35
How to issue a credit note to a client - accounting wise

How to issue a credit note to a client?

When running a business, issuing a credit note is a task you may encounter. Whether due to returned goods, pricing errors, or adjustments in invoices, credit notes play a crucial role in maintaining accurate financial records. This guide will walk you through the steps of issuing a credit note and ensure you understand its importance for your business.

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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.