Accounting Tips

The Chancellor delivered the Autumn Budget on 28 October 2026, announcing changes that will affect businesses across the UK. For small business owners, the challenge isn't simply understanding the announcements. It's knowing which changes will affect their business, when those changes take effect, and what they should be doing about them. Some businesses will benefit from reduced business rates and new tax allowances.

The information you share with your accountant can contain some of your most sensitive personal and financial details. So sending those documents shouldn't simply be a case of attaching them to an email and hoping they reach the right place. That's one of the reasons we've introduced the Ledgers Client Portal.

Imagine running a business where you rarely have to wait 30, 60 or even 90 days to be paid. You complete the work. You raise the invoice. And rather than waiting for your customer to eventually settle it, most of that money becomes available almost immediately. There is a cost attached, of course.

You can run a perfectly profitable business and still find yourself short of cash. In fact, a growing business can sometimes feel more cash-hungry than one that isn’t growing at all.

For the first time in 15 years, HMRC has increased its Approved Mileage Allowance Payment (AMAP) rate for employees and business owners using their own vehicles for business travel. The change, announced by the Chancellor, Rachel Reeves, means that many businesses, employees and self-employed individuals will be able to claim more tax-free mileage expenses from the 2026/27 tax year onwards. In this article, we explain what has changed, who is affected, and how much additional

Electric vehicles are becoming increasingly common in UK businesses, but the rules around mileage claims can still cause confusion. The main issue is that HMRC uses different mileage systems depending on whether the vehicle is a company car or a privately owned vehicle. The rules also differ slightly for electric, hybrid, petrol and diesel vehicles. In this guide, we explain: The difference between HMRC mileage schemes Which rates apply to electric and hybrid vehicl

Any unusual activity in your tax records could flag your business for a compliance check. HMRC's Central Risk team uses sophisticated data mining tools to detect irregular patterns on accounts and spot trends across industries.

Managing your company’s tax obligations is rarely anyone’s favourite task. But understanding which costs you can legitimately claim as expenses is one of the most effective ways to reduce how much Corporation Tax you pay — and it does not require complex planning. The key is knowing which expenses HMRC will accept, and keeping clear records to back them up.

As a sole trader, you wear many hats — business owner, marketer, customer service and bookkeeper. But accounting is a specialist skill, and mistakes can be costly. Professional accounting services tailored to sole traders help you stay organised, compliant and financially confident.

Managing your business finances can feel overwhelming, especially when you want to focus on growth and success. Thankfully, digital accounting software UK options have made it easier than ever to keep your books in order. Whether you are a sole trader, part of a partnership, or running a limited company, the right software can save you time, reduce errors, and help you stay compliant with HMRC regulations. In this post, I will walk you through some of the top online accountin

If you've recently bought a property to rent out, you might be wondering what costs you can claim before your first tenant moves in.

Simply input your gross salary and watch it instantly break down every deduction, giving you your precise annual, monthly, and weekly take-home figures.

In recent times, the landscape of tax compliance in the UK has been shifting towards a more digital-first approach. As HMRC continues to...

Are you tired of the traditional hassle of managing your accounts? The endless phone calls, the inconvenient office visits, and the struggle to fit appointments into your busy schedule? We get it! At Ledgers Accountants, we believe accountancy should be straightforward, stress-free, and accessible, which is why we offer a truly online-only service designed with you in mind.