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Husband-and-Wife Limited Company Roles | Southside Accountants

May29

Two Indian/Latino professionals working together in a bright garden office, with natural light streaming through the window and lush green plants in the background. A white round table with documents, a laptop, and a coffee cup sits in the foreground, while the Southside Accountants logo is visible on the white wall.

⏳ 5 min read

Running a husband-and-wife company in the UK can be an exciting way to grow a business while sharing responsibilities and goals. Whether you are directors or shareholders, understanding your roles is essential.In this blog, we will break down the essentials of managing a husband-and-wife company in the UK, focusing on compliance, tax planning, and effective governance.

… Continue Reading

Entertainment and Promotional Costs: Tax Guide UK

May26

A digital illustration of two diverse business professionals with medium skin tones seated at a round white table in a modern, light-filled office with large windows and potted plants. The woman on the left holds a sign that reads "Entertainment and Promotional Costs," while the man on the right holds a sign that reads "Tricky area. Get it right to avoid HMRC questions." The Southside Accountants logo is displayed above them.

⏳ 5 min read

The entertainment and promotional costs tax treatment is a key concept for limited companies, sole traders, and landlords. In this blog, we explain how these costs are classified for tax purposes by HMRC and what you can claim as allowable expenses…. Continue Reading

Accountants in Wimbledon: Personal vs Business Tax Accounts

May20

Southside Accountants in Wimbledon explain the difference between HMRC Personal Tax Account and HMRC Business Tax Account in a cartoon-style illustration.

⏳ 3 min read

At Southside Accountants in Wimbledon, we support individuals and business owners across the UK. In this blog, we explain the difference between your Personal and Business Tax Accounts — and why keeping them separate is so important for staying compliant and avoiding costly mistakes. … Continue Reading

Accountants in Wimbledon – May 2025 Q&A

May12

Accountants in Wimbledon advising clients on tax savings, payroll changes, and incorporation

⏳ 3 min read

Accountants in Wimbledon at Southside Accountants support clients across South London and the UK with tax advice, payroll, and incorporation planning. Whether you are a sole trader, landlord, or company director, we are just a call or Zoom away. In this blog, we answer real questions from clients. For more, visit our tax articles…. Continue Reading

Landlord CGT Scheme Warning – What HMRC’s Crackdown Means

May8

landlord discussing property tax with an accountant, showing a warning sign and rental paperwork

Reading time: 3 minutes

If you are a landlord and someone has told you about a clever Capital Gains Tax (CGT) workaround, read this landlord CGT scheme warning first. HMRC is cracking down on schemes involving Limited Liability Partnerships (LLPs) and companies — and says landlords could face big tax bills.

Here is a simple explanation of what the scheme involves and what you should know before making any decisions…. Continue Reading

Accountants in Wimbledon: Making Tax Digital Made Simple

May6

Accountants in Wimbledon advising a small business owner on Making Tax Digital, with garden view and digital tax icons.

Reading time: 3 minutes

If you are looking for accountants in Wimbledon to help you stay compliant with Making Tax Digital (MTD), you are not alone. Whether you are a landlord, small business owner, or sole trader, MTD can save you time, reduce errors, and help you take control of your finances…. Continue Reading

Late Tax Return Excuses – What HMRC Accepts

Apr29

Illustration of a confused man beside a missed tax deadline calendar, alarm clock and tax form – representing HMRC reasonable excuses for late tax returns.

Reading time: 3 minutes

Late tax return excuses can save you a penalty if you miss a filing deadline. Whether it is your Self Assessment, VAT return or Corporation Tax (CT600), Southside Accountants helps clients across Wimbledon, South London and nationwide resolve penalties and communicate with HMRC…. Continue Reading

Accountants in Wimbledon: Understand MTD ITSA Rules Before 2026

Apr25

Accountants in Wimbledon advising an elderly client on Making Tax Digital (MTD) for Income Tax, with both smiling in a relaxed office setting. Accountants in Wimbledon helping a small business owner with MTD ITSA

As trusted accountants in Wimbledon, we know that from April 2026, Making Tax Digital for Income Tax Self Assessment (MTD ITSA) will apply to many sole traders and landlords. Understanding the rules now is essential to avoid future penalties and confusion…. Continue Reading