Insights & Advice

Understanding Corporation Tax: What It Is, Who Pays It & How It Works If you’re running a limited company in the UK, understanding Corporation Tax is essential. This knowledge helps you stay compliant and avoid costly mistakes. It can even save you thousands. In this guide, we’ll break down what Corporation Tax is , who it applies to , how much you’ll pay , and the key steps to filing and paying it correctly. What Is Corporation Tax? Corporation Tax is the tax your limited co

Making Corporation Tax Payments to HMRC? Here’s Your Complete Guide Understanding Your Corporation Tax Payment Reference Number When making Corporation Tax payments to HMRC, you’ll need your 17-digit Corporation Tax payment reference number . Get it wrong, and you risk delays, penalties, or misallocated payments . Here’s your full guide on how to find, understand, and use your Corporation Tax reference correctly. What Is a Corporation Tax Payment Reference Number? Your Corpor

We are delighted to share that we’re now part of the Handpicked Accountants network , an online directory that shortlists reputable accountants across the country. We are listed as a recommended provider in the North East and share the space with other standout providers in the region. We have a reputation for our high service standards, which is complemented by our expertise across key industries. Why Choose Handpicked Accountants? Handpicked Accountants is widely used by sm

Let’s imagine we had to start all over again. No team. No income. Just an idea and the motivation to make it work. What would we actually do to get the setup right from day one ? Here’s exactly how we’d approach it — based on helping 1,000+ business owners and learning what works (and what creates headaches down the line). No fluff. No theory. Just what we’d genuinely do if we had to build from scratch tomorrow. 1. We’d speak to an accountant before choosing sole trader or li

Running a construction business is no easy task — between managing sites, chasing suppliers, and keeping your team moving, the last thing you need is financial uncertainty. That’s why choosing the right accountant for your construction company is one of the most important business decisions you’ll make. But not all accountants understand the complexities of the construction industry. In this post, we’ll break down what to look for in a construction accountant — and how it can

Running a business involves numerous tasks, and maintaining your financial records is one of the most critical. Many entrepreneurs find themselves overwhelmed with bookkeeping tasks. This is where outsourcing bookkeeping can play a vital role. By delegating these responsibilities to experts, you can save time and money, allowing you to focus on the core aspects of your business. Outsourced Bookkeeping Services Outsourced bookkeeping services offer a way for businesses to stre

If you're running a limited company in the UK, one of the most tax-efficient ways to take money out of your business is by paying yourself dividends. But many directors still ask: "How much dividend can I pay myself tax-free?" "How do I actually pay myself dividends?" "How much dividends can I pay myself without paying too much tax?" In this guide, our accountants at Treggena Ltd  explain exactly how to pay yourself dividends, how much you can take, the tax-free limits, and t

Introduction to Making Tax Digital (MTD) Making Tax Digital (MTD) is a significant initiative by the UK government. It aims to transition the tax system entirely online. Under this framework, businesses must maintain digital records. They need to submit tax information using approved software. Currently, MTD is in effect for VAT-registered businesses. However, it will expand to Income Tax Self Assessment (MTD for ITSA) starting April 2026 . This change primarily impacts self-

If you’re employed, self-employed, or running your own business, you’ve probably noticed National Insurance  deductions on your payslip or tax return. But how is National Insurance calculated , exactly — and are you paying the right amount? In this guide, we’ll break down everything you need to know about how NI is calculated in 2025, what the thresholds are, and how different classes of National Insurance work. Plus, we’ll show you how to check if you're overpaying and what

Friday, April 18th, 2025 | Wellfield School, Wingate It’s back – and this year, we’re going bigger, better, and bolder. On Friday 18th April, we are once again proud to host our annual Charity Football Tournament  in aid of CHUF (Children’s Heart Unit Fund)  – and we’re turning up the heat for 2025. Last year’s event brought together a buzzing community, 16 passionate teams, and some serious talent on the pitch. But more importantly, it brought people together for a cause tha

If you’re a subcontractor working under the Construction Industry Scheme (CIS), you could be owed a substantial tax rebate in 2025 — especially if you've had tax automatically deducted from your pay. But how much can you actually claim back? At Treggena Ltd , we specialise in helping UK subcontractors and tradespeople reclaim what’s rightfully theirs. Whether you're on site five days a week or picking up weekend shifts, understanding your CIS tax rebate could put thousands ba

A Quick Guide to the National Minimum Wage in the UK Let’s talk about a topic that’s got everyone checking their payslips – the National Minimum Wage (NMW). Whether you’re an employee wondering if you’re being paid fairly or an employer trying to stay on the right side of the law, understanding the NMW is essential. It’s like the bread and butter of the working world – basic but oh-so-important. The NMW is the legal minimum hourly pay  for most workers in the UK. For those ag

Self-Assessment is the system used by HM Revenue & Customs (HMRC) to collect Income Tax in the UK. If you receive income that isn’t automatically taxed, such as from self-employment, rental properties, or investments, you’ll need to file a Self-Assessment tax return. If you need to file for the 2024/25 tax year (6 April 2024 to 5 April 2025), you must register with HMRC by 5 October 2025. Here's how to do it: Who Needs to Register for UK Self-Assessment? You’ll need to regist

Cryptocurrency trading has grown rapidly, with more people investing, trading, and earning through digital assets. However, as crypto adoption increases, so does the need for understanding how crypto tax works in the UK. Many traders are unaware that profits from crypto trading are taxable and that failing to report gains could lead to penalties from HMRC. AtTreggena Ltd, we specialise in helping individuals and businesses navigate the complexities of cryptocurrency taxation.

Value Added Tax (VAT) is a crucial part of the UK’s tax system. Whether you’re a business owner or a consumer, understanding VAT can help you make informed financial decisions, avoid costly mistakes, and stay compliant with HMRC regulations. This guide answers all the important questions about VAT in clear, simple terms. VAT Basics What is VAT? VAT, or Value Added Tax, is a consumption tax applied to the sale of most goods and services in the UK. It is collected by businesses

What Are Debtors? Debtors are individuals, businesses, or other entities that owe money to another party. This financial obligation arises when they receive goods, services, or loans but have not yet paid for them. Understanding debtors is crucial for businesses, as they directly impact cash flow and overall financial health. Types of Debtors Trade Debtors Trade debtors are customers who purchase goods or services on credit. These are common in industries where businesses all

The Simple Assessment tax bill  is a system introduced by HM Revenue and Customs (HMRC)  in the UK to streamline tax payments for individuals who owe tax but are not required to complete a Self-Assessment tax return . This approach allows HMRC to calculate the tax owed and issue a bill directly to the taxpayer, reducing paperwork and simplifying the process. In this guide, we’ll explain everything you need to know about Simple Assessment , who it applies to, how it works, and

As an employer, it is your legal obligation to inform HMRC when an employee leaves or retires, ensuring that the correct tax and National Insurance contributions are deducted and paid moving forward. In this guide, we’ll cover all the key information you need to understand about providing a P45. What Is A P45? A P45  is a document that an employer is legally obligated to provide to an employee when they leave their job. This form includes important information about the emplo

Dividends are an important source of income for business owners and investors, and understanding the dividend tax rates for 2023/24  is crucial for maximising your earnings. With recent changes to the dividend allowance  and consistent tax rates across bands, it’s more important than ever to plan your dividend income strategically. In this guide, we’ll walk you through the key updates to dividend tax , what you need to know for tax planning , and how to reduce your tax liabil

Dividends are a tax-efficient way for company shareholders to receive income. If you own a limited company or hold shares in a business, understanding how dividends are taxed in the UK is essential for effective tax planning. In this article, we'll break down dividend tax rates for 2023/24 , explain the dividend allowance , and provide tips to help you minimise your tax liability on dividends. What Are Dividends? Dividends are payments made to shareholders from a company's pr