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Calculate VAT amounts easily
Calculate your take-home pay
Find the current UK financial week
Calculate your property purchase tax
Calculate company tax with marginal relief
Calculate tax on company dividends
Calculate CGT on property, shares or a business
Estimate IHT on an estate using current bands
Stay up to date with the latest accounting and business insights from IAK Accountants.
Gross margin in plain English for UK businesses: the formula, how it differs from gross profit, the markup versus margin trap that wrecks pricing, a worked example, and what a healthy gross margin actually looks like by industry.
Management accounting explained for UK business owners: what it is, how it differs from financial accounting, what goes into a set of management accounts, and why monthly numbers beat year-end ones for running a business.
The UK tax year 2026/27 runs from 6 April 2026 to 5 April 2027. Here are the tax year dates, Self Assessment deadlines, and the rates and allowances that apply.
Overheads explained for UK business owners: what counts as an overhead, how they differ from direct costs, fixed versus variable overheads, a worked example, how to calculate an overhead rate, and practical ways to cut them.
Retained earnings explained for UK company directors: what they are, the formula, a worked example, why they are not the same as cash, and the legal reason they decide how much dividend you can take.
The cash flow statement explained for UK business owners: the three sections, a worked example, the difference between the direct and indirect method, and why profit and cash are never the same number.
Net income is one of the most overloaded terms in finance. It means take-home pay for a person, profit after everything for a company, and something different again to HMRC. This guide untangles all three, with formulas, a worked example, and how net income differs from gross income.
What fixed costs and variable costs really are, with clear examples, where semi-variable costs fit, why rent is usually fixed but not always, and how the split between the two decides your break-even point and how risky your business is.
Gross profit, operating profit and net profit explained in plain English, with a worked example down the profit and loss account, what sits in each gap, and why a healthy gross margin can still end in a net loss.
Fixed assets explained for UK business owners: a clear definition, tangible vs intangible, fixed vs current assets, real examples, how they sit on the balance sheet, why land does not depreciate, and the asset register most small firms ignore.
Working capital explained for UK business owners: the formula, a worked example, the working capital cycle, why a profitable business can still run out of cash, and how to free up trapped money.
Accruals and prepayments explained for UK business owners: what they are, the difference between them, worked examples with journal entries, where they sit on the balance sheet, and how the accruals basis differs from cash accounting.
A clear UK guide to the balance sheet: the accounting equation, fixed and current assets, current and long-term liabilities, equity, net assets, a worked example, and what the numbers actually tell you.
A plain English UK tax guide for influencers and content creators: when your income becomes taxable, why gifted products count, allowable expenses, VAT, and the platform data HMRC now receives.
Depreciation explained in plain English for UK businesses: methods, worked examples, why land does not depreciate, and how it differs from HMRC capital allowances.
Trade receivables explained for UK businesses: definition, examples, balance sheet treatment, days outstanding formula, and how to manage late payers.
How to handle bookkeeping, tax, and VAT for UK websites earning through display ads. Practical guidance from IAK Accountants for site owners and developers.
What bookkeeping is, what a bookkeeper does day to day, single-entry vs double-entry explained with a worked example, the records HMRC requires you to keep, and how a bookkeeper differs from an accountant.
Discover the tax advantages and lifestyle benefits of relocating to Cyprus. Learn about the non-dom regime, corporate tax rates, and quality of life improvements.
Understand directors remuneration in the UK: what it includes (salary, dividends, benefits), tax implications (PAYE, NI, CT), and disclosure rules. Explained by IAK Accountants.
Learn how to value a business using common methods like asset-based, market-based, and income-based approaches. Detailed guide by IAK Accountants.
Explore pathways to becoming a qualified accountant in the UK without a university degree. Learn about AAT, apprenticeships, and professional bodies with IAK Accountants.
Sales Revenue = Units Sold x Price Per Unit. Learn how to calculate sales revenue with worked UK examples, the gross vs net difference, and the VAT mistake to avoid.
Understand the difference and similarities between turnover and revenue in UK accounting terminology. Clear explanation by IAK Accountants.
What are trade payables and how do they differ from accounts payable and accruals? A plain English guide for UK businesses, with the creditor days formula and a worked example.
Learn how to calculate percentage uncertainty, understand its importance in business and science, and see practical examples. Comprehensive guide by IAK Accountants.
What revenue means in business: the top line of your profit and loss, gross vs net revenue, the six main types, and when revenue is recognised under UK accounting rules.