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29 Oct 2025

Scary Accountancy Mistakes That Haunt Small Businesses

Running a small business is exciting, but it also comes with plenty of challenges. One of the biggest pitfalls owners face is poor accounting practice. When mistakes creep into your finances, they can return to haunt you long after the books are closed. The good news is that with the right approach, you can avoid these frightening errors and keep your business on a solid financial footing.

24 Oct 2025

Divorce Finances Roadmap: How to Protect Your Future

Divorce is never easy. Alongside the emotional challenges, there are often life-changing financial decisions to make. Having a clear roadmap helps you stay organised, reduce stress, and protect your long-term security. At YRF Accountants, we guide clients through this journey step by step, ensuring they make informed choices and avoid costly mistakes.

22 Oct 2025

Accounting Client Retention in Changing Times

How to advise clients and keep them loyal through change

16 Oct 2025

Self-employed must report profits on a tax-year basis

If you’re a sole trader or in a partnership, the way you report profits has changed. From the 2024/25 tax year onwards, everyone is taxed on profits that fall in the tax year itself (6 April to 5 April), not on the profits for your own accounting year unless your year-end. already lines up with 31 March/5 April.

15 Oct 2025

Payrolling Benefits in Kind Pushed Back: What the 2027 Start Date Means for Employers

In January 2024, HMRC signalled a big change: most benefits in kind (BIKs) would be taxed through payroll from 6 April 2026, replacing the annual P11D cycle.

10 Oct 2025

The £150 Staff Party Rule: Turn Team Events into a Tax-Free Win

Throwing a staff party should feel like a thank-you, not a tax headache. The UK’s £150 “annual function” exemption lets you celebrate without creating a benefit-in-kind provided you play by the rules.

09 Oct 2025

HMRC Targets VAT Fraud in Property & Construction: What It Means and How to Stay Compliant

VAT fraud in the property and construction sector especially through complex supply chains and labour-only arrangements has been a persistent target for HMRC.

08 Oct 2025

Family Investment Companies: a smarter way to protect wealth and pass it on

Thinking about how to grow family assets, reduce “leakage” to tax, and pass wealth to the next generation without losing control? A Family Investment Company (FIC) can be a flexible, company-based wrapper for investing and succession planning. FICs are, how they’re set up, how they’re taxed, and when they make sense.

02 Oct 2025

How to Keep Your Business Finances in Check with the Right Help

Running a business means juggling sales, operations, people and money. The quickest way finances slip is when the owner tries to do everything alone. This guide shows where most businesses struggle, who can help, and the tools that make financial control simpler and faster.

30 Sep 2025

How Do You Close A Ltd Company With No Debt?

If your limited company is solvent and hasn’t traded recently, you can usually apply to strike it off the Companies Register (form DS01). If there’s a larger pot of cash or assets to distribute, consider a Members’ Voluntary Liquidation (MVL) instead. Below is the plain-English route map.

25 Sep 2025

What Are Trade Debtors and Trade Creditors?

Confused about who owes you and whom you owe? Getting trade debtors and trade creditors right is the heart of cash flow, credit control, and supplier relationships. This guide explains the concepts, why they matter, and how to manage both without jargon.

23 Sep 2025

Legal Ways to Reduce VAT (UK): Compliant Strategies for SMEs

You can’t “avoid” VAT, but you can legally reduce it by using the right VAT rates, schemes, structures, and evidence. This guide explains practical, HMRC-compliant tactics any owner can action.

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