Running your business

Trivial benefits let businesses give small, tax-free gifts to staff — up to £50 per item, with no need to report to HMRC if conditions are met. Directors of close companies can receive up to six per year. These benefits also qualify for Corporation Tax relief. BlueFox Accounting can help you use them effectively to reward your team while staying compliant.

From January 2026, lease accounting rules are changing, requiring leases to appear on the balance sheet. This could impact eligibility for schemes like EIS, SEIS, and EMI, as well as audit exemptions, due to increased reported assets. Businesses should review their position now to avoid losing access to funding or incentives. BlueFox Accounting can help you plan ahead and stay compliant.

Should you hold property personally or via a company? Personal ownership is simpler but less tax-efficient for higher earners. Companies offer lower tax rates, mortgage relief, and succession flexibility — but come with admin and incorporation costs. BlueFox Accounting helps landlords assess the right structure and plan for tax changes with clarity and confidence.

Medium and large businesses must assess whether contractors working via personal service companies fall under IR35. If so, they must issue a Status Determination Statement and deduct tax and NICs. Key factors include control, substitution, and financial risk. Getting it wrong can lead to penalties. BlueFox Accounting can help you assess contracts and stay compliant.

Starting a business? Use cloud accounting software, automate tasks, and plan your cash flow carefully. Build a strong support network and delegate where possible to focus on growth. These steps help you stay compliant, save time, and make better decisions. BlueFox Accounting offers tailored support to help start-ups succeed.

As we have just passed the end of the tax year, it's a good time to remind ourselves of some key forms that are essential.

Accounting jargon can sometimes be confusing, so we've put together a simple guide explaining some common accounting terms.

This post is designed to break down the key aspects of tax efficiency specifically for e-commerce businesses.

Switching accountants might seem daunting, but it’s actually a much simpler than you think1

What exactly is a finance director, and why should you consider having one.

Sole trader or establish a limited company can significantly impact your business's operations. Let’s explore the pros and cons.

Taking the leap into cloud accounting can provide you with valuable insights and a clearer perspective on your financial landscape.

Let’s explore the benefits of outsourcing your finance function and how it can transform your business for the better.

Running a business in the UK can feel a bit like trying to navigate a maze blindfolded. Learn how better date can help you thrive.

We explore the advantages and disadvantages of voluntary VAT registration to help you make an informed decision.

Cash flow management is one of the most critical aspects of running a successful business. Regardless of your industry or the size of...

Why you should be paying more attention to the paperwork and how it can improve overall efficiency.

Why an outsourced fractional finance director could be just what your business needs!