PG Owen Ltd

16/06/2026

🤖 Using AI to help with your accounts or tax return?

While AI tools can be useful for answering questions and speeding up admin tasks, they don't always get it right. Outdated information, incorrect calculations and misunderstanding complex tax rules could lead to costly mistakes and even HMRC penalties.

Before you rely on AI for important financial decisions, read our latest blog to understand the risks and why professional advice still matters.

📖 Read more:

AI can streamline bookkeeping, but for Bath businesses, it comes with risks, from data security to costly tax errors. Find out more!

11/06/2026

With less than 60 days to the first quarterly filing, HMRC have admitted that only 336,000 of the cohort of 864,000 have signed up for Making Tax Digital – Income Tax. That is a staggering 61% still to take action.

HMRC were upbeat about the figures claiming around 25,000 are registering every week, but if this speed of registration continues it will take until early November for a full sign up, just in time for the second deadline on 7 November!

We have been recommending our clients are ensure they are using a separate bank account to their private account. We don’t want the software being clogged up with payments for a trip to Costa or Ronnie Macs. Also HMRC will be able to see every entry so showing them how you spend your money privately is giving them unnecessary additional data.

To remind you, every sole trader and property landlord with a gross turnover/rental income of £50,000 or more, based on their 2025 Self Assessment return data, is obliged to register and file quarterly data using suitable software. Whilst HMRC have confirmed there will be a “soft landing” as to penalties, getting registered and setting up suitable accounting software to record all income and expenditure data is now very urgent.

You can read more on Making Tax Digital, what’s required here -
https://pgtax.co.uk/news/what-you-need-to-know-about-making-tax-digital

What You Need to Know About Making Tax Digital: A Guide for UK Small Business Owners by your Financial Experts PG Owen

09/06/2026

“UK companies opting to hire temporary workers over permanent staff, recruitment firms say

Report blames Middle East conflict and rising business costs for fragile jobs market and steep fall in recruitment”

Report blames Middle East conflict and rising business costs for fragile jobs market and steep fall in recruitment

04/06/2026

Stop 🛑 missing out on tax savings!

Most small business owners don’t realise just how many everyday costs can be claimed as expenses.

Swipe through 👉 to see 5 you might be overlooking.

Which of these were you not aware of?

02/06/2026

Let’s play a game.

Without looking…

How many business receipts do you think you have stashed away right now?

For many business owners, receipts end up everywhere except where they should be.

- The car.
- The glove box.
- A drawer at home.
- The bottom of a bag.
- That mysterious pile you’ll “sort out later.”

The problem isn’t just finding them when you need them.

It’s the time spent hunting for paperwork, missing expenses you could have claimed, and the stress that comes with trying to get everything together at the last minute.

A few minutes of organisation each week can save hours of frustration later.

Now for the important question…

📍 Where’s the strangest place you’ve found an old receipt?

Let’s see who has the best answer. 👇

28/05/2026

Are your business accounts keeping you up at night? 🤯

Let us take the stress off your plate. Drop us a message or visit our website to see how we can support your business in Bath, Somerset or Wiltshire.

26/05/2026

If you run a limited company, you almost certainly have a directors' loan account, but do you know what's in it?

Any money you take out of the company that isn't salary or dividends is recorded as a loan. Let that balance creep too high, and you could be looking at a 35.75% Section 455 tax charge from HMRC plus potential benefit in kind liability on top.
The good news is that with a bit of visibility and the right advice, it's straightforward to manage.

We've written a plain-English guide to what a directors' loan account is, when it becomes a problem, and what you can do about it.

👉 Read the full article: https://pgtax.co.uk/news/what-is-a-directors-loan-account-and-why-does-it-matter

Got questions about your own DLA? Your first consultation with PG Owen is free. Get in touch.

Understanding What Is a Director's Loan Account is, how it works, and its tax implications can save you a significant amount of money.

19/05/2026

“A good accountant doesn’t cost you money — they help you keep more of it.”

- By spotting tax reliefs you didn’t know existed.
- By helping you avoid expensive mistakes.
- By making sure you’re structured in the most tax-efficient way.
- And by giving you advice that saves you money long before tax return season arrives.

Good accounting isn’t just paperwork, it’s smart business.

14/05/2026

This is why getting your returns right first time matters more than ever.

If you need help with your returns, get in touch

Bath - 01225 422183
Midsomer Norton 01761 410444
Warminster 01985 213130

Quantexa, a financial data platform, won the £175m contract to spot fraud and tax return errors.

12/05/2026

Chartered or Certified. Do you know the difference? It could matter more than you think.

Discover more about our services - https://pgtax.co.uk/financial-services/annual-accounting