News & Press

What Is a Statutory Audit?A statutory audit is an independent examination of a company’s financial statements and underlying records. It is carried out by a registered auditor and is required by law for certain companies.The purpose of a...

What Are the Main Audit Types in the UK?In the UK, the two most common audit types are internal audits and external audits. While both involve reviewing systems, records and controls, their purpose and outcomes are different.An internal audit...

Tax planning is not about avoiding tax. It is about understanding the reliefs and allowances available, structuring your business efficiently, and making informed decisions throughout the year. At Wisteria, we support business owners with...

For many individuals and small businesses, these changes will mean adapting to new ways of keeping records and submitting tax information online.At Wisteria, our tax specialists work with clients to help them understand what these changes...

The announcements included significant tax changes that will affect individuals, landlords and business owners across the UK. Understanding these updates is important, particularly as many of the changes will influence financial planning for...

What Is Corporation Tax?Corporation tax is the tax that limited companies pay on their profits. It applies to income from trading, investments, and the sale of assets such as property or shares. In many ways, it is similar to income tax, but...

What Are Allowable Expenses?Allowable expenses are costs you can deduct from your rental income before calculating your tax liability. HMRC only permits deductions for expenses that are “wholly and exclusively” for the purpose of renting out...

What Is Bookkeeping?Bookkeeping is the process of recording all financial transactions in a business, from sales and purchases to payroll and expenses. It ensures that your financial records are accurate, up to date, and ready for use in...

What Are Tax Preparation Services?Tax preparation services are professional services designed to ensure that businesses comply with UK tax law while making the most of available reliefs and allowances.For limited companies, this primarily...

What Exactly Is Inheritance Tax? Inheritance tax is a tax on the estate of a person who has passed away. Their estate will include: PropertyMoney Investments Possessions The tax is calculated based on the total value of the estate at the time...

But What Is An Audit? An audit is an independent examination of a company’s financial statements and supporting records, carried out by a registered auditor. The purpose is to confirm that the financial statements present a true and fair view...

What Is An Accounting Firm? An accounting firm is a professional service that specialises in handling financial matters for its clients. These firms can range from small local practices to larger international organisations, but their primary...