What should I understand about my business before getting tax advice?

Accurate tax advice begins with understanding your business structure (sole trader, partnership, or limited company), where it is based, what you sell and to whom, and whether you employ staff or subcontractors. Each of these factors directly influences your tax obligations and filing requirements.

What taxes do small UK businesses need to worry about?

UK small businesses may need to deal with Income Tax via Self Assessment, Corporation Tax, VAT, National Insurance, PAYE for employees, Dividend Tax, and Capital Gains Tax depending on their structure and activities.

What financial records must UK businesses keep?

HMRC requires businesses to keep sales invoices, expense receipts, bank statements, VAT records, payroll records, CIS records if in construction, and year-end financial records including income, expenses, loans, dividends and capital assets.

What accounting mistakes can cost UK businesses money?

Common costly mistakes include missing VAT registration thresholds, incorrect expense claims, not keeping digital records, late HMRC submissions, payroll errors, overlooking capital allowances, mixing personal and business finances, and choosing the wrong accountant.

What questions should I ask before hiring an accountant?

Before hiring an accountant you should ask whether they have experience with businesses like yours, what services they provide, how they communicate, whether they are registered with a professional body like ACCA or ICAEW, and how their fees are structured.

HI Taxations

My Services

Reliable, one-to-one support across bookkeeping, tax returns, and compliance explore the services below to see how I can help.

Bookkeeping

Accurate and up-to-date bookkeeping tailored to your business needs. I manage financial records, reconcile transactions, handle VAT calculations and submissions, and ensure your accounts remain organised, compliant, and ready for reporting.

Payroll

Seamless and fully compliant UK payroll management. I calculate wages, process statutory deductions, manage pension contributions, and submit RTI (Real-Time Information) reports to HMRC ensuring timely, accurate payments while keeping your business compliant.

Self Assessment

Make your Self Assessment stress-free and accurate. I review your income sources, calculate your tax, and submit your return on time ensuring full HMRC compliance and helping you avoid unnecessary penalties.

Year-End Accounts

Professional preparation of year-end financial statements in line with Companies House and UK accounting standards. I ensure your accounts are accurate, compliant, and ready for submission

Corporation Tax Returns

Accurate preparation and submission of Corporation Tax Returns (CT600) in full compliance with HMRC. I calculate taxable profits, apply available reliefs, and ensure timely filing to avoid penalties and optimise tax efficiency..

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Not Here to Sell Just Here to Help

Whether you work with me or someone else, I want you to have the knowledge to make informed decisions.

1. First, Let's Understand Your Business

Different businesses operate in different ways and understanding your structure and activities is essential before accurate tax advice can be given.

What is your business structure?
Where is your business based?
What do you sell and to whom?
Do you employ staff or work with subcontractors?