What Happens to Your Tax Obligations When You Go From Sole Trader to Limited Company

Many UK business owners eventually reach a stage where running as a sole trader no longer feels like the best fit. Perhaps profits are growing, the admin is becoming more complex, or you’re looking for ways to be more tax-efficient. Whatever the reason, making the move from sole trader to limited company is a big financial and legal step […]

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How to Pay Yourself from Your Limited Company (UK 2025 Guide)

Running your own limited company gives you more control over how you manage your income — but it also means understanding how to pay yourself correctly and tax-efficiently. In this guide, the experts at King and Taylor break down the two main ways directors can pay themselves and how to choose the right balance between salary and dividends. Get in

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tax accountants in kent

Making Tax Digital: A Simple Guide for Small Businesses in the UK

What is MTD? Making Tax Digital (MTD) is a government initiative designed to modernise the UK tax system. Instead of paper records and manual submissions, businesses must keep digital records and use HMRC-approved software to file VAT, income tax, and corporation tax returns. The aim is to make tax administration more accurate, efficient, and easier

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Should You Buy a Property for Your Business? A Guide for UK SMEs

Buying a property for your business is a major decision—one that can offer long-term stability, potential tax benefits, and a valuable asset. But it’s also a move that comes with financial risks, legal considerations, and funding challenges. At King and Taylor, we help businesses in Sittingbourne and across the UK make smart financial decisions. In this guide, we’ll

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Claiming Tax Relief on Work-from-Home Expenses: What You Need to Know for 2025

Working from home? You could be missing out on valuable tax relief With hybrid and remote working here to stay, thousands of UK employees and self-employed individuals are entitled to claim tax relief on work-from-home expenses. But are you claiming everything you’re entitled to? At King and Taylor, we help clients across Sittingbourne and beyond make the

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How to Pay Yourself as a Director: Salary vs Dividends Explained

If you’re a company director in the UK, deciding how to pay yourself—through a salary, dividends, or a combination of both—is a key financial decision that can significantly impact your tax liabilities. At King and Taylor, we regularly help directors understand the pros and cons of each method, ensuring they stay tax-efficient and compliant with HMRC.

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