At LT Accounting, we recognise that keeping up-to-date with the latest accountancy news and regulatory changes is not merely a requirement—it’s a strategic edge for your UK business. Our knowledge hub is committed to delivering the most current and influential accounting insights, trends, and updates.
Company Directors Loan Accounts Explained
Money flows like a river in the world of business, and sometimes company directors may dip into this stream in ways that can raise eyebrows. One such method is the director's loan account, a financial pathway that is often misunderstood, yet incredibly impactful on both the business and the [...]
Corporation Quarterly Tax Payments
Staying on top of tax obligations can make or break your business. For UK companies, corporation quarterly tax payments is a big part of this responsibility. Getting a handle on quarterly instalment payments can help your company avoid penalties and keep cash flow steady. This comprehensive guide simplifies the [...]
Influencer’s Guide to Tax on Gifts and Payments in Kind
Navigating tax on gifts and payment in kind responsibilities can be challenging, especially for those in emerging fields like content creation and influencing. Unlike traditional jobs, influencers often receive non-cash compensation such as PR gifts or complimentary services. It's essential to understand the tax implications of these benefits to ensure [...]
A Guide To Dividend Tax Rates 2024/25
Receiving dividends is a common way to earn income, but it comes with tax obligations. The dividend tax rates 2024/25 is distinct from income tax rates on other types of earnings, which can sometimes create confusion. This guide aims to clarify how dividends work and what you need to know [...]
UK Tax Rates and Thresholds for Sole Traders, Limited Companies, Partnerships & Employers
Understanding UK tax can be challenging due to the variety of taxes, tax bands, thresholds, allowances, rates, and relief schemes. This guide aims to provide a comprehensive overview of the tax brackets and rates for the 2023/24 and 2024/25 tax years, explaining how different types of tax might affect your [...]
What Are Sundry Expenses?
What Are Sundry Expenses? The meaning of Sundry expenses, sometimes referred to as miscellaneous expenses, are minor, one-off costs that do not fit into the standard categories of business expenses. These expenses are typically low in value and can appear random. Examples of sundry expenses include one-off office decorations, charitable [...]