Blog

12 Jun 2025

Tax planning for entrepreneurs and high earners: Strategies to maximise your wealth

At Elite Financial we understand that for entrepreneurs and high earners, proactive tax planning is essential to preserve and grow your wealth. In this blog, we explore key strategies that can significantly reduce your tax liabilities and strengthen your financial position.

04 Jun 2025

What is a confirmation statement and why does your company need one?

If you run a limited company in the UK, you’re legally required to submit a confirmation statement to Companies House every year. It’s a quick filing, but failing to do it on time can lead to penalties or even your company being struck off the register.

28 May 2025

Hiring your first employee: A practical guide for UK employers

Preparing to hire your first employee? It’s a significant milestone for any growing business. To help you navigate the process with confidence, we’ve put together a practical checklist outlining some of the key steps and responsibilities you’ll need to consider before bringing someone on board.

21 May 2025

Want to provide medical benefits for your employees? What to know about Benefits in Kind

A benefit in kind (BIK) refers to when an employer provides a non-cash-based benefit to employees as part of a company compensation package. A common example of this is providing private medical & dental insurance for your employees.

15 May 2025

Buying a vehicle through your Limited Company: What you need to know

Purchasing a vehicle through your limited company (Ltd) can be tax-efficient, but it’s not always straightforward. Here's a practical guide to help you understand the tax implications, key considerations, and whether it’s the right move for your business.

01 May 2025

What happens during an HMRC tax enquiry

Worried about an HMRC enquiry? Learn what’s involved, what to expect, and how we help clients respond with confidence. Get expert support today.

03 Apr 2025

What is a director’s loan?

Learn key facts about Director's Loans, including tax implications, how to manage Director's Loan Accounts (DLA), and practical guidance to avoid common pitfalls.

27 Mar 2025

What you need to know when starting your freelancer business

Thinking of going freelance? Learn how to choose the right business structure, stay compliant with HMRC, manage taxes, and keep on top of your bookkeeping with this practical guide.

20 Mar 2025

HMRC loses Home Loan Scheme case, a study

Explore the key findings of The Executors of L Elborne Deceased v HMRC [2025] UKUT 59 (TCC), a case on inheritance tax planning and the home loan scheme.

20 Mar 2025

Client Highlight: Coole Insight Ltd

At Elite Financial Accounting, we take immense pride in celebrating our clients' successes. Seeing them thrive is what drives us.

06 Mar 2025

The latest changes to Electric Vehicle (EV) Tax in the UK: What you need to know

The UK government is introducing significant changes to Vehicle Excise Duty (VED), which will impact electric vehicles (EVs), hybrids, and commercial vehicles. If you own or are considering purchasing an EV, it’s essential to understand these updates and how they might affect you.