Streamlining Employee Benefits Reporting: A Guide to Payrolling Benefits in Kind Payrolling benefits in kind is revolutionising the way employers handle reporting and taxation for employee benefits. With significant changes on the horizon, understanding how this system works is essential for every employer. Here’s a comprehensive guide to help you navigate the current rules and...

Salary vs dividends: The best way to extract profit in 2025/26 If you trade as a limited company, then you will likely know that balancing salary and dividends is key to extracting profit from your company in the most tax-efficient way. Both methods have distinct implications. and the right mix will depend on your specific...

A Fresh Start: Reviewing Your Business Goals for the New Year The beginning of January is a time for new beginnings, and for business owners, it offers the perfect opportunity to pause, reflect, and plan for the year ahead. After the hustle and bustle of the festive season, January provides a quieter moment to evaluate...

Understanding HMRC Payments on Account: What You Need to Know If you’re self-employed or receive untaxed income, you may already be familiar with the concept of Payments on Account. But for many, it can still be a confusing part of managing your taxes. In this post, we’ll explain how Payments on Account work, who needs...

Why business owners should start using KPIs to drive success As a small business owner, it’s easy to get caught up in the day-to-day operations and miss the bigger picture. You might rely on gut feelings or a quick glance at your bank account to determine how well your business is doing. However, without specific...

10 Key Reasons to Choose Bookkeeping Support from Heriot Hughes In the fast-paced world of business, staying on top of finances is crucial for success, but it can be overwhelming when you’re focused on running your company. That’s where Heriot Hughes Chartered Accountants in Liverpool can help. Our dedicated bookkeeping services keep businesses financially organised...