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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
Key points: Proactive corporate tax planning integrates tax considerations into your commercial strategy, moving beyond simple year-end compliance. A holistic approach considers the full tax landscape, including Corporation Tax, VAT, employment taxes, and investment reliefs, to optimise your overall position. Regular reviews are essential to adapt your tax strategy to business growth, changes in legislation, […]
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VAT Compliance: What Every SME Should KnowWritten on October 7, 2026 by Jonathan Swarbrick
VAT is often described as a simple tax, but the reality for many businesses is very different. Multiple VAT rates, special schemes, international trading rules and digital record-keeping requirements mean that errors can arise even where a business is trying to comply. For many SMEs, VAT is one of the largest liabilities on the balance […]
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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
Whatever the source, extra income comes with tax responsibilities. Here are six key points to help you understand the rules. 1.The £1,000 Trading Allowance If your extra income totals £1,000 or less in a tax year, you can use the trading allowance. This means: You don’t need to register with HMRC for Self Assessment. You don’t […]
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Business Valuation – Where Do I Start?Written on October 2, 2026 by Kirk Rice LLP
Why value your business? More often than not, the purpose of obtaining a business valuation is for sale purposes. Initially, this may be just for information purposes, whilst the business owner considers their options and exit plan. There are other reasons for needing a valuation and other purposes include; On a gift or sale of […]
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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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Gifting Money To Children Tax EfficientlyWritten on September 29, 2026 by Kirk Rice LLP
Two ideas of how gifting money to children tax efficiently is possible are: Pay up to £2,880 into a personal pension plan for them and the government will add up to £720 immediately. Pay up to £9,000 into a Junior ISA. Choose investments wisely for each based on when they might be needing the […]
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The Importance of Regular Management Accounts for Business SuccessWritten on September 28, 2026 by Kirk Rice LLP
As a business owner, making informed decisions is crucial to the growth and success of your business. One of the most powerful tools available to you in achieving this is regular management accounts. These are detailed financial reports that provide a snapshot of your business’s financial health, offering invaluable insights into performance, profitability, and […]
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What is transfer pricing? How it works and the UK rules explainedWritten on September 27, 2026 by Kirk Rice LLP
Transfer pricing refers to how prices are set for transactions between connected companies, particularly within international groups. UK transfer pricing rules require transactions between related parties to be priced as if they were agreed between independent businesses. The rules can apply to both cross-border and, in some cases, UK-to-UK transactions depending on the circumstances. Getting […]
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Richard’s story: From graduate trainee to DirectorWritten on September 18, 2026 by Kirk Rice LLP
Richard joined Kirk Rice as a graduate trainee in 2016 and is now a Director in our Putney office. His career story highlights his progression through the firm, the opportunities and support that have helped him develop, and why strong client relationships are such an important part of accountancy. When did you join Kirk Rice? […]
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Should You Buy an Annuity Now?Written on September 18, 2026 by Michael Powell
Many headlines suggest you can now receive £3,000 a year more from a £100,000 pension fund than a decade ago. For some this creates a genuine opportunity to secure a guaranteed income while rates remain attractive. For those considering how to turn their pension savings into a retirement income, one option is to buy an […]
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