Mensis Accountants

Mensis Accountants Mensis can provide a complete, cost effective, efficient service for your accountancy needs. We work

Many small business owners misunderstand the VAT Flat Rate Scheme, thinking it’s a simple way to manage VAT without real...
07/05/2026

Many small business owners misunderstand the VAT Flat Rate Scheme, thinking it’s a simple way to manage VAT without realising the complexities involved.

This scheme allows you to pay a fixed rate of VAT to HMRC and keep the difference, but you can’t reclaim VAT on purchases, except for certain capital assets.

Ignoring the details can lead to costly mistakes, such as paying too much in VAT or missing out on potential savings.

Here’s how Mensis Accountants can assist you:

- Clarify eligibility and benefits of the scheme
- Help you calculate your VAT flat rate accurately
- Guide you through the application process
- Offer ongoing support to ensure compliance

Understanding the Flat Rate Scheme can save you money and stress. Stay informed and proactive!

👉🏻 Find out more about what we can do for you: https://mensis.co.uk/.

Think budgeting is only for those struggling financially? Many people see budgeting as a sign of financial trouble or a ...
06/05/2026

Think budgeting is only for those struggling financially?

Many people see budgeting as a sign of financial trouble or a tedious task. In truth, budgeting is a powerful tool that helps you take control of your money, plan for your future, and achieve your goals.

Neglecting to budget can lead to overspending, unexpected debts, and financial stress. Without a clear plan, it’s easy to lose sight of your priorities and miss opportunities to save and invest.

At Mensis Accountants, we’re here to make budgeting simple and effective. Our team can help you create a personalised budget that fits your lifestyle and financial goals, ensuring you stay on track and make informed decisions.

Don’t let your finances feel overwhelming. Reach out to us today to discover how we can support you in creating a budget that works for you!
👉🏻 Visit https://mensis.co.uk/ for more information.

Mensis Weekly 💡Recent changes to the assessment of co-working spaces for business rates have sparked significant concern...
04/05/2026

Mensis Weekly 💡
Recent changes to the assessment of co-working spaces for business rates have sparked significant concern in the business community, with estimates of a £600 million tax burden. Previously assessed individually, shared workspaces are now classified as a single entity, resulting in higher rateable values that disqualify them from Small Business Rate Relief (SBRR). The Federation of Small Businesses estimates nearly 4,000 shared offices may be affected, leading to potential increased rental costs of £5,400 a year. Will these changes push small businesses back to home offices? Share your thoughts below! 💼

Many people underestimate the importance of keeping accurate digital records for income and expenses. This misconception...
30/04/2026

Many people underestimate the importance of keeping accurate digital records for income and expenses. This misconception can lead to serious problems down the line.

Under Making Tax Digital, it’s vital to use compatible software for recording your finances. Good record-keeping ensures compliance and provides a clear view of your financial health.

Ignoring this can result in missed deadlines, inaccurate reporting, and potential penalties that can hurt your business.

Here’s how Mensis Accountants can support you:

- Help select the right software for your needs
- Guide you in setting up effective digital records
- Ensure compliance with HMRC requirements
- Provide ongoing support for quarterly updates and tax submissions

Don’t let poor record-keeping create stress. Stay organised and proactive!

👉🏻 Find out more about what we can do for you: https://mensis.co.uk/.

Do you believe pensions are only for those nearing retirement? Many people think they can put off planning for their pen...
29/04/2026

Do you believe pensions are only for those nearing retirement?

Many people think they can put off planning for their pension until later in life. In reality, the earlier you start saving for retirement, the more you can benefit from compound growth and secure your financial future.

Neglecting your pension plans can lead to significant gaps in income when you retire. Without proper savings, you risk having to adjust your lifestyle and facing financial stress during your golden years.

At Mensis Accountants, we understand the importance of a solid pension plan. Our experienced team can help you navigate your options, create a personalised strategy, and ensure you're on track to meet your retirement goals.

Don’t wait until it’s too late. Get in touch with us today to discuss how we can help you build a sustainable pension plan for a comfortable future!
👉🏻 Visit https://mensis.co.uk/ for more information.

Mensis Weekly 💡New legislation will take effect at the end of April 2026, aiming to alleviate fears of losing benefits w...
27/04/2026

Mensis Weekly 💡
New legislation will take effect at the end of April 2026, aiming to alleviate fears of losing benefits when starting a job. This change will mean that for those receiving New-style Employment and Support Allowance, Personal Independence Payment, or the health element of Universal Credit, starting work or volunteering won’t trigger a benefits reassessment. This could help employers connect with more suitable candidates. What are your thoughts on how this might impact employment for disabled individuals? Leave a comment below! 😊

Many people underestimate the importance of creating digital records for their income and expenses under Making Tax Digi...
23/04/2026

Many people underestimate the importance of creating digital records for their income and expenses under Making Tax Digital for Income Tax. This is crucial for compliance and accurate reporting.

Digital records must be created and stored using compatible software, ensuring that you maintain a clear view of your finances. Failing to do this can lead to inaccuracies, missed deadlines, and potential penalties.

Here’s how Mensis Accountants can help you:

- Guide you in selecting the right software for your needs
- Assist in setting up your digital records effectively
- Ensure compliance with all HMRC requirements
- Provide ongoing support for your quarterly updates and tax return submissions

Stay proactive in your record-keeping to protect your business and make tax time smoother.

👉🏻 Find out more about what we can do for you: https://mensis.co.uk/.

Think cloud accounting is just a trend? Many business owners hesitate to embrace it, believing traditional methods are s...
22/04/2026

Think cloud accounting is just a trend?

Many business owners hesitate to embrace it, believing traditional methods are safer and more reliable. However, cloud accounting is a powerful way to manage your finances efficiently, offering real-time access to your financial data from anywhere.

Ignoring the benefits of cloud accounting can lead to outdated information, missed opportunities, and increased risk of errors. Without modern tools, staying competitive and responsive to your business needs can become a challenge.

At Mensis Accountants, we are here to guide you through the transition to cloud accounting. Our expert team will help you harness the advantages of this technology, ensuring your financial processes are streamlined and secure.

Don’t get left behind. Contact us today to learn how cloud accounting can transform your business and enhance your financial management!
👉🏻 Visit https://mensis.co.uk/ for more information.

Mensis Weekly 💡New rules set for spring 2027 aim to protect consumers from costly subscription traps. Key aspects includ...
20/04/2026

Mensis Weekly 💡
New rules set for spring 2027 aim to protect consumers from costly subscription traps. Key aspects include clear pre-signup information, reminders before trial expirations or renewals, and simplified cancellation processes, including online options. A new 14-day cooling-off period will apply after trials or renewals, allowing for full or proportional refunds. Certain charitable memberships are exempt. Businesses should monitor these regulations closely. What do you think about these changes? Leave a comment below! 💬

Many businesses mistakenly think they can reclaim VAT on their purchases while using the Flat Rate Scheme. This could le...
16/04/2026

Many businesses mistakenly think they can reclaim VAT on their purchases while using the Flat Rate Scheme. This could lead to significant financial miscalculations.

Under the Flat Rate Scheme, you pay a fixed percentage of your VAT-inclusive turnover to HMRC and keep the difference. However, you cannot reclaim VAT on most purchases, which could impact your cash flow.

Here’s how Mensis Accountants can help you navigate the Flat Rate Scheme:

- Assess your eligibility for the scheme
- Calculate the most beneficial flat rate for your business
- Ensure compliance with all HMRC requirements
- Provide ongoing support for your VAT submissions

Understanding this scheme is crucial for maximising your profits and avoiding costly mistakes. Stay informed to make the best decisions for your business.

👉🏻 Find out more about what we can do for you: https://mensis.co.uk/.

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1 Marybrook Steet
Berkeley
GL139AA

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Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 4:30pm

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