News and Updates

Here's What You Need To Know:   From 6 April 2025, new tax rules will affect how double cab pick-ups are treated for tax purposes. If you own or use one for business, here’s what you need to know—explained in simple terms (because tax talk doesn’t have to be...

Business Is Booming - Now What?   So, your business is growing, high five! You’re landing more clients, making more sales, and feeling like a total boss. But hold up! While you're out there smashing your business goals, have you checked in on your tax game? Trust...

What even is Making Tax Digital? This article will break down Making Tax Digital for Income Tax Self Assessment (MTD ITSA) in a way that won't make your head spin. Let's make this tax...

In my limited company McCarthy Browne Ltd, I know how to be completely on top of the company's books at the end of the year. As a part of my business, I had thick skin for the beginning of the year when I embarked on an accuracy and promptness route of year-end...

I own a limited company, and I've gone through the maze of Value Added Tax (VAT) compliance. From my own account, it was the one that taught me that this subject matter had to be mastered for business to turn heads and make money. In this article, I will contribute to...

Managing directors’ pay in the UK can be complex, especially when deciding between salary and dividends. For limited company directors, balancing these two forms of compensation is essential for minimising tax liabilities and ensuring compliance with HMRC regulations....

As a limited company director, you are entrusted with significant responsibilities. Whether you are a seasoned business owner or recently appointed, understanding your legal and financial obligations is crucial for ensuring your company’s success and avoiding...

Running a limited company comes with numerous responsibilities, and one of the key priorities for any business owner is minimising tax liabilities. By using intelligent, tax-efficient strategies, limited company directors can legally reduce the amount they pay in...

As a business owner in the UK, one of the most important financial responsibilities is staying compliant with Pay As You Earn (PAYE) and National Insurance Contributions (NICs). These obligations are not just necessary for legal compliance; they also ensure that...

In the UK, payroll compliance is a matter of correctness. It is a fundamental and legal requirement that ensures the business remains transparent, the employees are paid accurately and promptly, and HMRC is satisfied with their tax dues. This discussion guide has been...

Tax preparation for companies is an area where the majority of business owners stand on the offensive. So, as the head of a business, I admit that dealing with the company's tax payments is a very complicated and intense process....

Managing payroll is a critical task for any limited company, yet it can often become a complex and time-consuming process. Whether you’re a small business just starting out or an established enterprise, ensuring payroll compliance with UK regulations, handling taxes,...

For limited companies, offering a robust employee benefits package is not just about staying competitive in the market—it's also about compliance. Benefits such as company cars, private healthcare, and interest-free loans are considered taxable by HMRC, meaning that...

As a business owner, managing your finances can be a challenging task. Thankfully, with the advancement of technology, there are several accounting software solutions available to simplify the process. In this blog, we'll compare three popular accounting software...

What legalities are involved in setting up a business?  No matter what the size of the business, every business must have a legal structure. Most businesses choose either sole trader, or limited company. However, there is also the option of a partnership or a...

It’s a new year, which means it’s time to plan the year ahead for your business. One of the biggest pillars of business success belongs to finances. It’s important to keep an eye on your monthly ingoings’ and outgoings, as well as know what the important dates are...

Have you been thinking about embarking on the exciting journey of launching your own business? Being a business owner can be an exciting opportunity, although there is a lot to consider before you jump in feet first. Here are the first 10 steps you should take if you...

Review those utility bills, where can you go which is cheaper? Or can some be cut out for now, such as Sky TV? Do you want to instantly start saving money? Is money and the fear of debt becoming a stressor for you? Then it’s time for a finance review! I love to do...

 As a business, you will be no doubt sending out lots of invoices to your clients. Maximise their impact and look more professional by making sure that it’s a good invoice, rather than something just knocked up on a piece of paper and scanned in. So, what makes a...

As a business owner, you will face many big decisions when it comes to the running of your business. One of these many big decisions, is when and what to outsource. When it comes to outsourcing, you want to make sure you are appointing and delegating to a business, or...

Running a business can be extremely stressful at times, especially when you are juggling too much in one go. When it comes to certain aspects of the business, do you struggle through even when it’s not in your area of expertise, or do you delegate the tasks and use an...

This is part 2 of our Soletrader vs Limited Company blogs. We just wanted to share a few of the pros and cons of setting up as a limited company. Picking the right business structure can affect your take-home wage, the tax you pay as well as how visible your earnings...

When embarking on the exciting journey of running your own business, you will come across a series of choices and questions along the way. One of these will be whether to register as self-employed/ sole trader or a limited company. It doesn’t matter if you’re running...

When it comes to finances, many individuals and businesses can find it a bit overwhelming. There is a lot of information out there, and often Chinese whispers can occur. At times information can get mixed up or misunderstood. Here at McCarthy Browne Bookkeeping, we...

Here are eight reasons to file your tax return early and save yourself some hassle instead of being a deadline dancer.   April marks the end of the financial year and the start of a new one. It is the starting point for new yearly budgets and a time to reflect on our...