Choose the Right Insolvency Practitioner For Your Business In the UK - Cartwheel International

How to Choose the Right Insolvency Practitioner for Your Business in the UK

Accounting, Business, Company Liquidation / By Yamin Faruk / 12/06/2025

Insolvency is a difficult situation that many UK businesses face, often due to financial mismanagement, unexpected market changes, or other factors. Choosing the right insolvency practitioner for your business in the UK can significantly affect how smoothly the process goes. An experienced practitioner can offer crucial guidance to manage debts, restructure your business, or handle […]

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A Complete Guide to Successfully Claiming R&D Tax Relief in the UK

Accounting, Business, Construction, Limited Company / By Yamin Faruk / 06/05/2025

Research and Development (R&D) tax relief is a significant opportunity for businesses in the UK, allowing them to reduce their tax bills or receive valuable cash credits. The scheme aims to encourage innovation, enabling companies to reinvest in developing new products, processes, or services. Despite its potential, many businesses struggle with the complexities of the

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How Builders Can Reclaim VAT on Construction Materials in the UK

Accounting, Business, Construction, Limited Company / By Yamin Faruk / 22/04/2025

Reclaiming VAT (Value Added Tax) can be a great way for builders to reduce the costs of construction projects. This process is especially helpful for those working on large-scale builds or refurbishments. Builders, self-employed contractors, and homeowners involved in specific projects can qualify to reclaim VAT. This article will explain who is eligible to claim,

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right time to hire a cfo for your uk Startup

The Right Time to Hire a CFO into Your UK Startup

Accounting, Business / By Yamin Faruk / 14/02/2025

If your startup is growing fast and finances are getting out of control, hiring a CFO can help. A CFO ensures smooth financial operations, optimises cash flow, and supports key decisions. They guide your business through growth, manage finances day-to-day, and help secure funding. With the right CFO, you can scale confidently and avoid costly

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Private vs Public Limited Companies in the UK: Which Structure Suits Your Business?

Accounting, Business, Limited Company / By Yamin Faruk / 14/01/2025

When starting a business in the UK, selecting the right company structure is important as it impacts operations, fundraising, and control. Limited companies offering limited liability protection to safeguard personal assets are a popular choice. The two main types are private limited companies (Ltd) and public limited companies (PLC). Understanding the differences between these structures

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A Guide to Claimable Expenses for Limited Companies in the UK

Business, Accounting, Limited Company / By Yamin Faruk / 06/01/2025

Running a limited company comes with different costs, but many of these costs can help reduce your tax bill. Claiming the right expenses ensures your company remains tax-efficient and compliant with HMRC rules. In this article, we’ll explain Claimable Expenses for Limited Companies in the UK to help you understand what you can and cannot

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Corporate Finance Tips for Startups in London: A Guide to Growth

Business, Accounting / By Yamin Faruk / 30/12/2024

Starting a business in London is exciting but challenging, especially when it comes to managing finances. Corporate finance helps startups allocate resources wisely, plan for growth, and tackle the high costs of operating in the city. In this article, we’ll discuss key strategies, including building a financial plan, exploring funding options, and using technology to

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How to Correct Errors in Your Self-Assessment Tax Return

Business, Limited Company, Self Assessment / By Yamin Faruk / 21/11/2024

Submitting an accurate Self-Assessment tax return is important, but errors can occasionally slip through. If you’ve noticed a mistake in your tax return, there is no need to stress. Our guide will walk you through correcting errors in your tax return, whether you filed online or by post, and cover important deadlines to keep in

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What Are the Best Tax Planning Strategies for the New Capital Gains Tax Rules?

Business, Accounting / By Yamin Faruk / 12/11/2024

Capital Gains Tax (CGT) is the tax you pay on the profit from selling an asset that has gained value. With recent changes to CGT in the UK’s 2024 budget, planning is more critical than ever to avoid unnecessary taxes. The annual CGT exemption has been reduced to £3,000, affecting many investors, property owners, and

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How the UKs New Budget Impacts Pension Contributions for Employers and Employees

How the New UK Budget Impacts Pension Contributions for Employers and Employees

Business / By Yamin Faruk / 01/11/2024

The 2024 UK budget introduced significant changes that will affect how employers and employees approach pension contributions. With higher costs for employers and new tax rules on inherited pensions, both sides need to understand the impact on their finances and retirement planning. In this article, we will break down the UK Budget 2024 pension changes

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