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.
Navigating Capital Gains Tax for UK Investors and Property Owners
Understanding Capital Gains Tax Understanding Capital Gains Tax (CGT) in the UK is paramount for investors and property owners aiming to optimise their financial decisions. This tax, levied on the profit realised from the sale of a non-inventory asset exceeding its purchase price, impacts a wide range of investments, including [...]
VAT Threshold Increase from £85,000 to £90,000: A Guide for Small Business Owners
The UK government has announced a significant change in the threshold for VAT registration, The VAT Threshold Increase from £85,000 to £90,000, effective from 1st April 2024. This adjustment has substantial implications for small business owners. In this comprehensive article, we will explore what this change means, how it impacts [...]
The Importance of Financial Forecasting for SMEs
In an ever-evolving economic landscape, the ability to anticipate and strategically plan for the future is not just an asset; it's a necessity for survival and growth. For small and medium-sized enterprises (SMEs) in the UK, Financial forecasting for SMEs emerges as a cornerstone of this anticipatory planning, offering a [...]
Understanding Annual Accounts: A Guide for Company Directors
The preparation and filing of annual accounts are pivotal responsibilities for directors of UK companies. These documents not only fulfil legal requirements set by Companies House and HM Revenue & Customs (HMRC) but also serve as a cornerstone for financial transparency, strategic planning, and stakeholder confidence. Annual accounts give a [...]
Maximising Tax Efficiency through Pension Contributions
Pension contributions are a cornerstone of financial planning, offering a dual benefit: preparing for a comfortable retirement and providing significant tax advantages. In the UK, understanding these tax benefits is crucial for both individuals and businesses aiming to maximise their financial health. This section will introduce the concept of tax [...]
Essential Accounting Practices for Startups in the UK
In the dynamic world of startups, establishing a strong financial foundation is not just a necessity but a strategy for ensuring long-term success and stability. For startups in the UK, navigating the complex landscape of accounting practices and regulations is crucial. Effective accounting is more than just compliance; it's about [...]