Best4business Accountants

*Blog Post*

FRS 102 Lease Accounting Changes: What Businesses Need to Know

Significant revisions to Financial Reporting Standard 102 (FRS 102) are set to transform lease accounting for businesses across the UK and Republic of Ireland.

Effective for accounting periods beginning on or after 1 January 2026, these changes will bring many leases onto the balance sheet and align UK GAAP more closely with international accounting standards.

https://best4business.com/frs-102-lease-accounting-changes-what-businesses-need-to-know/

*Blog Post*

Annual Investment Allowance

The Annual Investment Allowance (AIA) is a valuable relief for businesses investing in plant and machinery. It allows companies to deduct up to £1 million of qualifying expenditure from their taxable profits in the year the investment is made.

https://best4business.com/annual-investment-allowance/

*Blog Post*

Long-Life Assets for Capital Allowances

When businesses invest in plant and machinery, one of the key considerations for tax relief is how that expenditure is classified.

A particularly important category is long-life assets, which are subject to specific capital allowances treatment.

https://best4business.com/long-life-assets-for-capital-allowances/

*Blog Post*

UK Corporate Dividend Exemption: Why the Detail Matters

The UK corporation tax treatment of dividends is often assumed to be straightforward. In reality, while many dividends received by UK companies are exempt, the conditions for exemption are detailed and highly fact-specific.

https://best4business.com/uk-corporate-dividend-exemption-why-the-detail-matters/

*Blog Post*

VAT Group Registration: Streamlining VAT for Related Companies and LLPs

Are you part of a group of related companies or limited liability partnerships (LLPs) looking for a more efficient way to manage your VAT obligations?

VAT group registration might be the solution, but it’s crucial to weigh the benefits and potential drawbacks before committing.

https://best4business.com/vat-group-registration-streamlining-vat-for-related-companies-and-llps/

VAT Group Registration: Streamlining VAT for Related Companies and LLPs - Best4business Accountants | London & Cambridge Are you part of a group of related companies or limited liability partnerships...

*Blog Post*

UK Corporation Tax Group Relief: A Practical Guide

Group relief is one of the most important corporation tax reliefs available to UK corporate groups. It allows companies within the same group to offset certain losses against the taxable profits of other group members, improving overall tax efficiency and cash flow.

https://best4business.com/uk-corporation-tax-group-relief-a-practical-guide/

*Blog Post*

Understanding Class 1A and Class 1B National Insurance Contributions (Employers)

NICs are a vital consideration for employers, particularly when providing employee benefits or using PAYE Settlement Agreements (PSAs). Class 1A and 1B contributions are their responsibility alone.

We give a detailed overview of how they work and more, to help businesses stay compliant.

https://best4business.com/understanding-class-1a-and-class-1b/

Taxation of Interest Income in the UK — interest earned on savings is a common form of income, yet many people are unsure how it is taxed. Whether interest comes from a bank, building society, or another source, understanding how the rules work can help avoid surprises and plan more effectively.

Our recent article provides an overview of how interest income is taxed in the UK, including the savings allowance and the 0% starting rate.

Continue here: https://best4business.com/taxation-of-interest-income-in-the-uk/

Taxation of Interest Income in the UK - Best4business Accountants | London & Cambridge Interest earned on savings is a common form of income, yet many people are unsure how...

*Blog Post*

Taxation of Dividends

Dividends are treated separately in the income tax calculation because they are taxed at different rates from salary, self-employment income, and interest.

The rate that applies depends on the individual’s total taxable income and which tax bands the dividends fall into.

https://best4business.com/taxation-of-dividends/

*Blog Post*

Living Accommodation Provided by an Employer: Understanding the Tax Implications

Providing living accommodation to an employee can be a valuable part of a remuneration package. From a tax perspective however, employer-provided accommodation is treated as a benefit in kind and can give rise to a taxable charge on the employee.

Full details:

https://best4business.com/living-accommodation-provided-by-an-employer-understanding-the-tax-implications/