Choosing the right UK business structure shapes your tax bill, your personal risk and what happens when you sell. Here’s how sole trader, limited company, alphabet shares and group structures compare in 2026/27, and how to know when it’s time to change.
You must register for VAT in the UK once your taxable turnover passes £90,000 in any rolling 12-month period. This 2026/27 guide explains the rules, the timing, voluntary registration, the Flat Rate Scheme and how to avoid late-registration penalties.
Most UK small business owners pay more tax than they need to, simply because they don’t claim every allowable expense. This 2026/27 guide covers the most commonly missed claims, the home-office and mileage rules, the trading allowance and what HMRC actually allows.
Cash flow problems sink more UK small businesses than lack of profit. This 2026 guide explains the 13-week rolling forecast, how to fix the root causes of cash flow stress, and the warning signs that mean you need to act now.
Most limited company directors pay themselves a salary of £12,570 per year combined with dividends of up to £37,700, keeping total income within the basic rate band and resulting in a net take-home of approximately £47,013. This guide explains the optimal salary and dividends mix for 2025/26, how Corporation Tax fits in, State Pension considerations, and when to seek professional advice.
Quick Answer The right choice between sole trader and limited company depends on your profits, risk exposure, and personal circumstances. Most UK business owners benefit from reviewing their structure with an accountant once profits consistently exceed around £30,000 to £50,000, as a limited company can offer tax advantages and limited liability protection, though it comes…
Proper bookkeeping is essential for small business success, yet many owners make the same preventable mistakes that lead to cash flow problems, HMRC penalties, and unnecessary stress. This guide reveals the five most common bookkeeping errors we see at Nava Accountancy: mixing personal and business finances, losing receipts and supporting documents, falling behind on record-keeping,…
The financial landscape is always shifting, and the recent Autumn Budget announcement by Chancellor Rachel Reeves on November 26, 2025, has introduced a new set of changes that will undoubtedly impact small and medium-sized enterprises (SMEs) across the UK. At Nava Accountancy, we believe in bringing financial clarity to your business. In this post, we’ll…
Starting a new business is exciting, but navigating UK tax requirements can feel overwhelming. If you’re launching or running a small business, you’ve probably heard about Making Tax Digital. But what does it actually mean for you, and when do you need to worry about it? In this guide, we’ll break down everything you need…
After 15 years of supporting small and medium-sized businesses across the North West, I’m thrilled to announce the launch of my new venture: Nava Accountancy. Based in Rossendale, I founded Nava with a clear vision: to offer a more modern, personal approach to accounting that truly empowers business owners like you. More Than Just Numbers…