Common VAT Return Mistakes and How to Avoid Them
VAT returns are a routine compliance task for most businesses. But routine does not mean risk-free. A significant share of
Sterling & Wells
April 10, 2026
Sterling & Wells
We are Sterling & Wells — a UK-based team of accountants and tax advisors helping individuals and businesses stay fully HMRC compliant. From VAT and bookkeeping to self-assessments and tax planning, we’ve got your finances covered.
How to File VAT Return in the UK in 2026?
Filing a VAT return in 2026 is a structured process once you understand what is required at each stage.
Sterling & Wells
April 9, 2026
Penalties for Making Tax Digital for Income Tax Explained
If you are required to use Making Tax Digital for Income Tax from April 2026, it is worth understanding how the new penalty system works before it kicks in.
Sterling & Wells
April 8, 2026
Best Bookkeeping Practices for Small Businesses
Poor bookkeeping is one of the most common reasons small businesses run into cash flow problems, miss tax deadlines, and face unexpected bills.
Sterling & Wells
April 8, 2026
Voluntary VAT Registration: Pros and Cons
Voluntary VAT registration is the process of registering for VAT with HMRC before you are legally required to do so.
Sterling & Wells
April 6, 2026
How to Reclaim Input VAT?
Reclaiming input VAT is how the system ensures that VAT is ultimately borne only by the end consumer rather than by businesses in the supply chain.
Sterling & Wells
March 25, 2026
What You Need to Know About the VAT Flat Rate Scheme for Small Businesses?
For small businesses that are VAT-registered, calculating and accounting for VAT can be time-consuming.
Sterling & Wells
March 24, 2026
Where Do You Find Your Payroll Number?
A payroll number is a unique code that an employer assigns to each employee. Think of it like a staff ID for the payroll system.
Sterling & Wells
March 19, 2026
How to Set Up Payroll for a Small Business in the UK?
Setting up payroll correctly is essential for any small business in the UK. It ensures that employees are paid accurately, taxes and National Insurance contributions are reported on time
Sterling & Wells
March 19, 2026