Jolly Accountancy Services Limited

04/09/2026

03/09/2026

Are running costs of my car used for business, other than fuel taxable?

Yes, other employer contributions to the running costs of employees’ cars are taxable.

But employees can claim a tax deduction, using AMAP.
Provided this is paid in line with HMRC's Approved Mileage Allowance Payments (AMAP) rates, it's free of tax and National Insurance.

02/09/2026

📢 Did you know earning over £60,000 could mean paying back some of your Child Benefit? It's called the High Income Child Benefit Charge, and it catches more families out every year. Our latest blog explains exactly how it works. Link below 👇

https://jollyaccountancyservices.co.uk/2026/09/07/understanding-the-high-income-child-benefit-charge-what-you-need-to-know/

01/09/2026

A % of child benefit has to be repaid if your income is above £60k (and repaid completely if above £80k). If your earnings are around this amount, making charitable donations or pension contributions can reduce your income and therefore save you having to repay the Child Benefit.

31/08/2026

CTA / summary
VAT rules shift more often than most small business owners have time to track. Our latest blog covers what's changed in 2026, what hasn't, and where you might be able to simplify your VAT admin. Read it here.
https://jollyaccountancyservices.co.uk/2026/08/03/vat-for-small-businesses-whats-changed-in-2026-and-how-to-stay-on-top-of-it/

28/08/2026

27/08/2026

As an employee, what should I consider before accepting a company car?

Both employers and employees need to consider the tax implications of company cars before making decisions.

Employees pay income tax on the benefit but do not pay NIC.

A car’s CO2 emission levels can have a significant impact, as can the decision whether to buy, lease or use your own car.

26/08/2026

Annual Accounting Scheme
One VAT return a year instead of quarterly, with advance monthly or quarterly payments based on estimated VAT. For some small businesses, this makes budgeting a lot more predictable.

https://jollyaccountancyservices.co.uk/2026/08/03/vat-for-small-businesses-whats-changed-in-2026-and-how-to-stay-on-top-of-it/

25/08/2026

Take advantage of your Capital Gains tax allowance of £3,000 before 5 April to use this years allowance as any unused amount cannot be carried forward

24/08/2026

Cash Accounting Scheme
If you deal with clients on longer payment terms, the Cash Accounting Scheme could help your cash flow your account for VAT when payment actually lands, not when you invoice.

https://jollyaccountancyservices.co.uk/2026/08/03/vat-for-small-businesses-whats-changed-in-2026-and-how-to-stay-on-top-of-it/