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Payroll – Should You Outsource?Written on October 1, 2026 by Kirk Rice LLP
Payroll outsourcing means that businesses choose to hire a specialist external company to handle their payroll function to save them time and money, gain efficiencies and ensure compliance. There are many benefits of payroll outsourcing including: Time saving If you handle it in-house, you know that it requires a lot of time and attention to […]
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What Tax Relief Can I Claim On Startup Costs?Written on September 17, 2026 by Kirk Rice LLP
Virtually all businesses need money to get off the ground, whether it’s just for some basic office equipment or for more elaborate machinery and business premises. Either way, you’ll want to ensure you receive the maximum tax relief for these start-up costs. The first point to note is that qualifying pre-trading revenue expenditure may be […]
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Business Purchase – What You should ConsiderWritten on August 14, 2026 by Kirk Rice LLP
There are many considerations when buying a business and to have an understanding of the tax implications is certainly one of them. In particular, one of the questions that arises is whether the business purchase should be by way of an acquisition of the trade and business assets of the target company, or of the […]
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Business Asset Disposal Relief – How Much Tax Is Due On The Sale Of A Business?Written on August 13, 2026 by Kirk Rice LLP
Key Points Business Asset Disposal Relief (BADR) may reduce the capital gains tax rate on a qualifying business sale, but the rules differ for sole traders, partnerships and company shareholders. Qualifying disposals are taxed at 18%. Eligibility depends on factors such as ownership period, business structure and the specific assets being sold, including goodwill. Company […]
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5 Essential Tax Questions for Business OwnersWritten on June 4, 2026 by Alex Taylor
1. Capital Allowances – Annual Investment Allowance and Full Expensing All businesses have expenditure which is either revenue or capital in nature. Revenue is something that is immediately consumed such as a telephone bill. Capital items are where the business derives a benefit over several years. For instance, this could be the purchase of a […]
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R&D Tax Relief For SME’sWritten on May 16, 2026 by Gauhar Chaudhary
A long history servicing OMBs and SMEs has meant I hear this question a lot. Could you qualify for R&D tax relief? In short, maybe. R&D tax relief may be available where a company is seeking an advance in science or technology and has to overcome genuine technological uncertainty. In software, qualifying work can include […]
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Can Audit Pay For Itself?Written on June 4, 2025 by Kirk Rice LLP
Back in the day, all limited companies needed to be audited. In fact, it was only in 1993 that the UK gave in to an EC directive that brought in an exemption from audit for smaller companies. Now time has moved on, and comparatively, very few companies now need to be audited. Unless your company […]
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Making Tax Digital for VAT (MTDfV) – A GuideWritten on April 14, 2025 by Kirk Rice LLP
What’s New in the Latest Guidance? Broader Registration Requirements: Initially, only businesses with taxable turnover above £85,000 had to register for MTDfV by 1 April 2019. From 1 April 2022, all remaining VAT-registered businesses are now required to join MTD. This includes unincorporated businesses, partnerships, companies, LLPs, charities, trusts, and non-UK businesses registered for UK […]
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New Business – Which Structure Should I Choose?Written on April 2, 2025 by Kirk Rice LLP
For the most part when starting a new business there are four vehicles through which a business may be conducted in the UK: as a sole trader, by a partnership, by a limited liability partnership, or through a company (either private or public). Although it is possible for a company to be ‘unlimited’, the focus here is […]
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Self Employment – Why To Choose It – Top TipsWritten on November 21, 2024 by Kirk Rice LLP
If you are going into business yourself, there are many good reasons why you might benefit from incorporating. However, there also a number of reasons why one might wish to stay as self employed. These include the freedom from the administrative burdens of running a limited company (and the legal obligations taken on as a […]
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Recent Posts
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Corporate tax planning: what it is, why it matters, and how it can support your businessWritten on October 14, 2026 by Kirk Rice LLP
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Career Story – Rebecca EvansWritten on October 9, 2026 by Kirk Rice LLP
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VAT Compliance: What Every SME Should KnowWritten on October 7, 2026 by Jonathan Swarbrick
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6 Things to Know About Tax on Extra Income: Second Jobs, Freelance Work, & MoreWritten on October 5, 2026 by Jane Page
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Business Valuation – Where Do I Start?Written on October 2, 2026 by Kirk Rice LLP
