If you use your own vehicle for business travel, understanding the HMRC Mileage Rates 2026/27 could help you claim more tax relief this year. Following a long-awaited update, HMRC has increased the approved mileage rate for cars and vans, meaning business owners, employees and company directors may be able to claim more than they could […]
Choosing an accountant is one of the most important decisions a business owner can make. While many accountants can prepare accounts and submit tax returns, a good accountant does far more than simply ensure compliance. A good accountant becomes a trusted adviser, helping you understand your finances, identify opportunities, and make informed decisions that support […]
The new tax year has officially begun, and while 6 April might not feel like a big moment, it brings a valuable financial reset. More importantly, it gives you the opportunity to take control early, plan ahead, and avoid unnecessary tax surprises later on. So, what does the new tax year mean for you? Let’s […]
Mileage vs Vehicle Costs: Identifying Hidden Tax Savings Many sole traders assume they are already claiming vehicle expenses in the most tax-efficient way. However, as this case study shows, reviewing mileage claims against actual vehicle costs can unlock significant tax savings and VAT reclaims. Through a simple comparison and strategic tax review, this client identified […]
Many business owners in the South Wales Valleys worry about how difficult it is to switch accountants. However, the process is usually much simpler than people expect. In fact, changing accountants can be smooth, straightforward, and stress-free when handled correctly. Therefore, if you are unhappy with your current service or need more proactive support, it […]
Let’s clear something up straight away… accountants don’t expect thank you cards, gifts, or baked goods (although we definitely wouldn’t say no to cake). But if you’ve ever wondered how to work with your accountant more effectively, you’re not alone. Many business owners want a smoother, more proactive relationship but aren’t always sure what actually […]
Even the most organised business owners can face serious consequences if late company filings are left unresolved. One client, diligent and easy to work with, came to us after discovering a backlog of around five years of late tax returns and missed Companies House deadlines. Situation Overview The client had paid their previous accountant in […]
The Companies House price changes February 2026 were announced by Companies House on 30 October 2025, with the increases taking effect from 1 February 2026. These changes form part of a routine annual review designed to ensure fees reflect the cost of delivering services and supporting enhanced compliance activity across the UK business register. What […]
In this first post of our Ask an Accountant series, we are understanding tax codes and what they mean for your income. Many people feel confused when their tax code changes. However, your tax code directly affects how much tax you pay. Therefore, knowing how it works can help you avoid mistakes and prevent overpaying. […]
Behind the Numbers: When HMRC Gets Creative Accountancy might sound predictable, but sometimes our work brings unexpected — and often hilarious — situations. Over the years, we’ve encountered a few HMRC stories that make you shake your head, laugh, and appreciate the unpredictable side of accounting. Mistaken Identity: The Traveling Electrician One memorable example involved […]