Blogs

In this comprehensive guide, we’ll delve into the world of ecommerce accounting, providing valuable insights and practical tips to help you navigate the financial aspects of your online venture. Understanding Ecommerce Accounting Ecommerce accounting involves the meticulous recording and analysis of a business’s financial activities related to online sales. It…

Are you running a business and need to access your VAT certificate online? Unsure where to start? Don’t worry; we’ve got you covered. In this guide, we’ll walk you through the process step by step, ensuring you can easily find and view your VAT certificate whenever you need it. What…

Are you considering changing accountants for your UK business? Whether you’re feeling dissatisfied with your current accountant’s service or seeking a fresh perspective to drive your business forward, making the switch doesn’t have to be complicated. Follow these three simple steps to transition smoothly to a new accounting partner. Step…

If you find yourself wondering, “How to find my UTR number?” you’re not alone. Your Unique Taxpayer Reference (UTR) number is a vital piece of information for taxpayers in the UK. Whether you’re an individual taxpayer or a business entity, your UTR number is essential for various tax-related activities. In…

When starting a business, one of the most critical decisions you’ll need to make is choosing the right legal structure. Two common options for small businesses are operating as a sole trader vs limited company. Each structure has its own set of advantages and disadvantages, and understanding them is crucial…

In today’s digital age, Payroll RTI processing has evolved significantly, with Real-Time Information (RTI) submissions playing a crucial role in ensuring accurate and timely reporting to HM Revenue & Customs (HMRC). However, failure to comply with RTI regulations can result in significant penalties for employers. In this comprehensive guide, we’ll…

In the fast-paced world of ecommerce, managing finances is a crucial aspect of ensuring the success and sustainability of your business. Whether you’re a seasoned ecommerce entrepreneur or just starting out, mastering the art of bookkeeping is essential for making informed financial decisions and keeping your business on track. In…

VAT Registration Requirements Many products and services sold in the United Kingdom and those imported from other European nations are subject to value-added tax, or VAT. Is there a way to manage temporarily over VAT threshold compulsory VAT registration? Understanding the VAT Registration ThresholdThis implies that if your company’s annual…

how to reduce corporation tax bill is a strategic move that can significantly impact your business’s financial health. In this article, we’ll explore practical and legal approaches to minimize corporation tax, providing insights and guidance on effective tax planning for the year 2024. Understanding the Basics: What is Corporation Tax?…

Introduction Welcome to our detailed guide on UK Tax Types. As a leading MRI company, Millbrook Accountancy is committed to providing top-notch tax and accountancy services in the UK. In this article, we will delve into the diverse landscape of taxes in the United Kingdom, covering everything from income tax…