
Corporation tax, dividend tax and director's loans all changed for 2026/27 — and if your company's profits sit between £50,000 and £250,000, you're paying an effective rate of 26.5% whether you realise it or not. This complete guide covers corporation tax rates and marginal relief, the best way to pay yourself as a director, allowable expenses, benefits in kind, company cars, pensions, capital allowances, R&D relief, VAT, IR35, closing a company and every key 2026/27 deadline. Whether you're weighing up salary versus dividends or simply want to know what's changed since last year, this is your one-stop reference. Read the full guide, then get in touch with Cannon Accountants if you'd like your own figures checked against it.
Read MoreThe routine services you would expect us to provide are listed below but it’s the important ongoing professional advice that really helps our clients.
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Wondering if you can pay Capital Gains Tax (CGT) in instalments after selling your business? In this post we explain when CGT instalment relief applies, how HMRC treats deferred consideration, and why many business owners are caught out by the rules.
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When planning how to finance your business, it’s crucial not only to assess the availability and suitability of funding options — but also to consider the tax implications of each. The tax treatment of business finance can significantly affect your profitability, compliance, and future decision-making. Below, we explore the tax consequences associated with various sources of business finance, from personal investment to crowdfunding and government grants.
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With the rise of digital platforms and flexible working, more people than ever are generating income from “side hustles” — activities undertaken to supplement income from a main job or profession. While side hustles offer valuable financial flexibility, many individuals may not realise that this income can trigger tax or National Insurance (NI) obligations.
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Many directors of small companies, particularly those who have transitioned from self-employment, often blur the lines between business and personal finances. Running all expenses through the company bank account may seem convenient, but doing so can lead to significant tax consequences. In this post, we explore the tax position when a company pays for a director’s personal expenses and provide practical insights to help business owners navigate this issue effectively.


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