The idea that "business is a repeatable process" means that successful businesses have a system or framework in place that can be replicated over time. This process involves identifying a problem or opportunity, developing a solution, creating value for customers, and generating revenue. By using
What are Dividends
Updated October 2026: tax rates revised for the 2026/27 tax year. A company must have sufficient distributable profits to pay a dividend. Distributable profits are the company's accumulated profits that are available for distribution to shareholders, after accounting for any losses, taxes, and
Reporting your capital gains on property to HMRC
Updated October 2026: allowance and deadlines revised for the 2026/27 tax year. Private Residence Relief You do not pay Capital Gains Tax when you sell (or ‘dispose of’) your home if all of the following apply: If all these apply you will automatically get Private Residence Relief
SWOT Analysis
The formulation of the SWOT tool has been credited to Albert Humphrey in the 1960s, but this attribution remains debatable and therer is no universally-accepted creator. The SWOT analysis is an important exercise that can be used both for organisations and individuals. Whether you are trying to
Autumn Statement 2022
Archived article: this was published in November 2022 and reflects the Autumn Statement 2022 at that time. Many rates and rules have since changed. For the latest position, read our Budget 2026 summary and the ACCA guide to tax rates for 2027/28. Key Points An expansion to the windfall tax from 25%
Tax rises – national insurance and dividend rates
Archived article: this was published in September 2021. The Health and Social Care Levy was cancelled before it took effect, and dividend and National Insurance rates have changed several times since. For current rates, read our Budget 2026 summary. The UK Government has announced on 7 September
Super-deduction and special rate first year allowance
Archived article: this was published in March 2021. The super-deduction ended on 31 March 2023. Companies can now claim full expensing on qualifying new plant and machinery (made permanent), and the Annual Investment Allowance is £1 million. Read our Budget 2026 summary for the latest capital
Tax inspections and how to avoid them
‘Anybody running a business needs to be concerned about the possibility of facing a tax inspection,’ says Nicholas Parkes, an ex-tax inspector turned tax information provider. ‘In the Revenue, we always believed you could pick up any file and find something.’ What triggers a tax
Job Support Scheme – Key Points
Archived article: this was published in October 2020 during the Covid-19 pandemic. The Job Support Scheme described here never came into operation and all Covid-19 employment support schemes have closed. For help with payroll today, see our payroll service or contact us.
Claiming VAT on Mileage
Updated October 2026: mileage rates revised following Budget 2026. If you are an employee or a director and use your own car for business travel, your company can reimburse you tax-free at the approved mileage rates: 55 pence per mile for the first 10,000 business miles in each tax year (from April