Just Balance Accounting Ltd

22/05/2026

🚗 New Mileage Allowance Rates Announced 🚗

In a positive move (at last) the chancellor has increased the approved mileage rate for personal car use for business trips — the first increase in more than 15 years!!

In a brief speech, Chancellor Rachel Reeves addressed the challenges facing businesses following the Iran war and the closure of the Strait of Hormuz, which has led to soaring petrol and diesel prices.

To help support workers and businesses, the tax-free mileage allowance will increase by 10p per mile, backdated to 6 April 2026.

✅ Cars and vans will rise from 45p to 55p per mile for the first 10,000 business miles

✅ 25p per mile will apply over 10,000 miles

✅ No changes to motorcycle rates

HMRC has confirmed the new approved mileage rates will apply for the 2026–2027 tax year.

This marks the first increase since April 2011 and will benefit many people who rely on driving for work, from care workers to plumbers.

21/05/2026

⚠️ HMRC Update on Repayment requests ⚠️

02/05/2026

🎁 Gifts to Customers – What’s Allowed? 🎁

Did you know that certain customer gifts can qualify as an allowable business expense for tax purposes?

To qualify, the gift must meet ALL of the following conditions:

✅ It includes a clear and conspicuous advertisement for your business
✅ The total cost is under £50 per customer per year
✅ It is not food, drink, to***co, or vouchers

Some great examples of allowable customer gifts include branded:

☕ Mugs
🖊️ Pens
📅 Calendars

A well-chosen branded gift can help promote your business while staying tax efficient.

15/04/2026

💸 Improving Cashflow in Your Business 💸
Cashflow is the lifeblood of any business – and managing it well can be the difference between surviving and thriving. Here are some practical ways to stay in control:

Sales

• Review customer payment terms – don’t let them run too long
• Offer prompt payment discounts (e.g. 5% for early payment)
• Invoice immediately – automate where possible
• Handle bad debts early – consider payment plans
• Chase outstanding invoices consistently (use auto reminders)
• Trades? Take deposits and staged payments

Purchases

• Negotiate longer payment terms with suppliers
• Increase your credit limits
• Push for better pricing

Profit & Loss

• Can you increase your prices?
• Move from weekly PAYE to monthly
• Pay subscriptions annually instead of monthly
• Review overheads – cut what you don’t need
⚠️ Be careful not to reduce efficiency

Balance Sheet

• Sell unused assets
• Check if too much cash is being taken out by owners/shareholders

Refinancing

• Use short-term options (overdrafts, credit cards) wisely
• Consolidate loans for better rates
• Extend repayment terms where possible

Cash Flow Forecasting – DO IT!!

This is essential. It helps you spot problems early and stay ahead.
Final Point: Using bookkeeping software makes all of this far easier and more effective.

27/03/2026

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27/03/2026

https://www.facebook.com/share/19XSsm7hxv/

27/03/2026

I have had a play with this and it seems VERY simple to use. The paid version is also very cheap. Happy to chat if you want to discuss further 👇

20/03/2026

Some guidance on the up and coming mtd for income tax 👇

16/03/2026

This is not good! 😠

⚠️Companies House Security Issue⚠️

A major flaw in the Companies House website enabled free access to the “dashboard” of any of the five million registered companies. See it used in this video.

12/03/2026

🔔 TAX TIP 🔔

Marriage Allowance

Your spouse earns under £12,570? You can use part of their allowance.

If you dont you’re potentially leaving £252 on the table every year. 💷

You can backdate 4 years — that’s £1,260.

It takes 10 minutes to apply:
https://www.gov.uk/marriage-allowance

One form. No accountant needed.