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What is a Director’s Loan Account? A simple UK guide explaining how it works, tax risks, Section 455 charges and real examples for limited company directors.

Should you stay a sole trader or set up a limited company? Compare tax, liability, admin and profit levels to decide what’s right for you.

Not sure when you need to register for VAT — or whether you should at all? This practical guide explains HMRC’s VAT registration rules in plain English, including the £90,000 threshold, the rolling 12-month test, voluntary registration, and common mistakes that lead to penalties. Ideal for businesses, start-ups, and charities that want to get VAT right first time.

Unsure whether your charity needs an independent examination or a full audit? While both involve an external review of your accounts, they are very different in scope, cost, and legal requirement. This guide explains the difference in plain English, outlines the income and asset thresholds, and helps trustees understand which option is right for their charity.

Making Tax Digital for Income Tax (MTD IT) is changing how self-employed people and landlords report their income to HMRC. Instead of one annual tax return, MTD requires digital records and quarterly updates using approved software. In this guide, we explain what MTD is, who it applies to, when it starts, and how to get ready — without jargon or panic.

When should a charity recognise income in its accounts? This article explains how the Charities SORP requires income to be recognised, using clear examples for donations, grants, and fundraising income. Ideal for trustees and finance officers who want to stay compliant without getting lost in technical jargon.

Not sure how to take money out of your limited company without paying more tax than necessary? In this practical guide, a UK tax adviser explains the most common HMRC-approved ways directors pay themselves — including salary, dividends, pensions, and everyday allowances — using plain English and real-world examples. Ideal for limited company directors who want clarity, not jargon.

Cash flow is one of the most common challenges facing UK businesses — and one of the main reasons many struggle or fail in their early years. At Skyrock Accountants, we often see businesses that are profitable on paper but still under pressure because cash isn’t coming in at the right time. Managing cash flow well isn’t about complex spreadsheets — it’s about visibility, discipline, and forward planning. Here’s how to manage cash flow properly and keep your business in contro

Cash flow issues, tax surprises, and poor financial planning are among the main reasons start-ups fail in the UK. Learn how the right accounting support can make a real difference.

If HMRC has asked you to complete a Self Assessment (SA100)  tax return, it’s natural to ask: Do I really need an accountant, or can I do this myself? At Skyrock Accountants , we work with individuals, sole traders, directors, and landlords across the UK. Some clients do manage their own returns — but many come to us after realising that Self Assessment is rarely as simple as it first appears. Here’s our honest view.   When You Might Be Able to Do It Yourself You may  be able

Understanding Charity Fund Types UK: Restricted, Unrestricted, Designated & Endowment

40% Tax Bracket UK: How It Works and How Much You Need to Earn

Differences Between CICs, Charities, and Not-for-Profits in the UK

A step-by-step guide on how to set up a charity in England & Wales

Side Hustle Tax UK: What Taxes Do Side Hustle Businesses Pay?

Navigating the world of taxes can be a daunting task for small business owners. With ever-changing regulations and the potential for significant financial implications, understanding effective tax strategies is crucial. This blog post will explore some of the best tax strategies that small businesses can implement to maximize savings and ensure compliance. Calculating taxes with documents on a desk Understanding Your Business Structure The first step in optimizing your tax st

What expenses can a sole trader claim? A clear UK guide explaining allowable business expenses, home office claims, travel costs and how to reduce your tax bill legally.