Introduction: Every year, UK businesses miss out on millions of pounds in R&D Tax Relief simply because they don’t know they qualify. This blog explains how R&D Tax Relief works and how you can claim back up to 33% of your innovation-related costs.   What is R&D Tax Relief?: R&D Tax Relief is a government…

Introduction: For tech startups, managing finances can seem secondary to developing innovative products or securing funding. However, effective bookkeeping is critical for ensuring long-term success. Accurate records not only keep you compliant with HMRC but also provide valuable insights into your business’s financial health.   Why Bookkeeping Matters for Tech Startups: Compliance with HMRC: Late…

Introduction: Corporation Tax is a key obligation for every UK-based company, but it’s an area where many entrepreneurs feel overwhelmed. Misunderstanding your responsibilities or missing deadlines can lead to penalties and financial strain. This guide breaks down the essentials of Corporation Tax and offers tips to optimize your tax position.   What is Corporation Tax?:…

Introduction: Small businesses often face a financial knowledge gap that limits their growth. While traditional bookkeeping and accounting keep your financial records in check, they rarely offer the strategic insights needed to thrive in today’s competitive market. That’s where Virtual CFO (Chief Financial Officer) services come in—a cost-effective, flexible solution providing high-level financial expertise to…

Introduction: Running a small or medium-sized enterprise (SME) in the UK comes with its fair share of challenges, and accounting is often one of the most daunting. Even small mistakes can lead to financial penalties, lost opportunities, and unnecessary stress. At Sagay Accounting, we’ve seen it all and are here to guide you through the…