Facts and Figures Accountancy

Facts and Figures Accountancy Your trusted accountancy and finance partner, with you every step of the way. Put simply, our expertise could make all the difference

As well as dealing with tax and compliance issues, we can undertake many of the day-to-day financial operations of your business; leaving you with more time to concentrate on developing your business. We also offer proactive advice and tailored solutions specifically designed to improve your business’s profitability. We can also suggest strategies to maximise your personal wealth, while ensuring t

hat you are making the most of the tax-saving opportunities available to you. We pride ourselves on our friendly and positive working relationships with our clients. From family companies to independent owner-managed businesses and high-net-worth individuals, we make it our mission to help you achieve your business and personal objectives.

Are you compliant with Making Tax Digital (MTD) for Income Tax? Many sole traders and landlords are still unsure about t...
04/09/2026

Are you compliant with Making Tax Digital (MTD) for Income Tax? Many sole traders and landlords are still unsure about the requirements, even though the rules have applied since 6 April 2026.

Since this date, if your annual income exceeds £50,000, you need to use compatible software to report your income and expenses to HMRC. This includes sending quarterly updates and filing your tax return by 31 January. From 6 April 2027, the threshold drops to £30,000, bringing more people into scope.

Ignoring this could result in penalties and added stress the longer it's left unresolved.

At Facts & Figures, we can assist you by:
- Clarifying MTD requirements and deadlines
- Helping you choose the right software
- Guiding you through the sign-up process and filing

Don't leave it any longer! Contact us today to get compliant with MTD. 📞💼

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

Many business owners believe payroll is just a routine task they can handle easily. However, it’s a complex process that...
02/09/2026

Many business owners believe payroll is just a routine task they can handle easily. However, it’s a complex process that requires careful management.

Payroll involves not only paying employees on time but also calculating deductions, managing tax obligations, and ensuring compliance with regulations. It’s vital for maintaining a happy and motivated workforce.

Ignoring the intricacies of payroll can lead to mistakes, late payments, and even legal issues. This can cause frustration for your employees and harm your business's reputation.

At Facts & Figures, we provide comprehensive payroll solutions tailored to your specific needs. Our experienced team ensures your payroll is accurate, efficient, and fully compliant, so you can focus on growing your business.

Ready to take the stress out of payroll? Contact us today and let’s get started on a solution that works for you!

👉🏻 Visit https://factsandfigures.co.uk/ for more information.

Facts & Figures Weekly: Stay Informed 💡The latest UK labour market figures reveal strain, with job vacancies declining t...
31/08/2026

Facts & Figures Weekly: Stay Informed 💡
The latest UK labour market figures reveal strain, with job vacancies declining to 707,000, the lowest since 2014, as smaller firms reduce hiring due to rising costs. The unemployment rate held at 4.9%, while the employment rate for 16- to 64-year-olds is at 75.1%. Regular earnings grew 3.5% annually, with public sector pay rising more significantly than private sector. Overall, the labour market appears subdued; what do you think this means for job seekers? Share your thoughts below! 💼

Are you prepared for Making Tax Digital (MTD) for Income Tax? Many sole traders and landlords are unaware that since 6 A...
28/08/2026

Are you prepared for Making Tax Digital (MTD) for Income Tax? Many sole traders and landlords are unaware that since 6 April 2026, those with annual income over £50,000 must comply with this reporting method.

Under MTD, you must use compatible software to manage your income and expenses digitally, submit quarterly updates, and file your annual tax return by 31 January.

Failing to comply could lead to penalties, increased stress, and difficulties in managing your finances.

At Facts & Figures, we can help you:
- Understand MTD requirements and deadlines
- Choose the right software for your needs
- Prepare and file your quarterly updates and tax return

Take action today to ensure you're fully compliant with MTD! Contact us for assistance. 📞💼

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

Many business owners think payroll is just about paying employees on time. In reality, it’s a critical process that requ...
26/08/2026

Many business owners think payroll is just about paying employees on time. In reality, it’s a critical process that requires attention to detail.

Payroll involves calculating wages, managing tax deductions, and ensuring compliance with employment laws. It’s essential for maintaining employee morale and trust.

Neglecting payroll can lead to costly errors, missed deadlines, and potential legal complications. This not only affects your team but can also damage your business reputation.

At Facts & Figures, we specialise in payroll solutions tailored to your business needs. Our expert team ensures your payroll is accurate, timely, and compliant, allowing you to focus on what matters most.

Ready to simplify your payroll process? Contact us today and let’s ensure your payroll runs smoothly!

👉🏻 Visit https://factsandfigures.co.uk/ for more information.

Facts & Figures Weekly: Stay Informed 💡Many businesses face the challenge of increased sales not equating to higher prof...
24/08/2026

Facts & Figures Weekly: Stay Informed 💡
Many businesses face the challenge of increased sales not equating to higher profits. A structured 12-month profit improvement plan helps identify financial performance drivers and target areas for change. Key steps include analysing current sales, gross profits, and customer profitability, while modelling scenarios to gauge future profitability impacts. Focus on margin improvements can yield significant returns. Regular reviews enable adjustments, making the plan a valuable management tool. How have you approached profit improvement in your business? Share your thoughts below! 📈

Are you aware of the High Income Child Benefit Charge? Many people don’t realise that receiving Child Benefit can lead t...
21/08/2026

Are you aware of the High Income Child Benefit Charge? Many people don’t realise that receiving Child Benefit can lead to unexpected tax liabilities if you or your partner earn above certain thresholds.

If either of you earns over £60,000 (or £50,000 for tax years up to 2024), you may need to repay some or all of your Child Benefit. This applies even if someone else receives it for a child living with you.

Ignoring this could result in costly penalties or unexpected tax bills.

At Facts & Figures, we can assist you by:
- Calculating your adjusted net income
- Estimating any potential tax charge
- Advising on options to manage or opt out of Child Benefit payments

Don’t let tax surprises catch you off guard! Contact us today for guidance. 📞💼

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

Many small business owners think cloud accounting is only for larger companies with complex needs. In reality, it’s a po...
19/08/2026

Many small business owners think cloud accounting is only for larger companies with complex needs. In reality, it’s a powerful tool for businesses of all sizes.

Cloud accounting enables you to access your financial data from anywhere, anytime. It simplifies processes, enhances collaboration, and keeps your financial records secure and up-to-date.

Ignoring the shift to cloud accounting can lead to outdated practices, lost data, and limited insights. This can slow your growth and prevent you from making informed decisions.

At Facts & Figures, we offer tailored cloud accounting solutions designed for your unique needs. Our expert team will help you transition smoothly, ensuring you maximise the benefits of modern technology.

Ready to upgrade your financial management? Contact us today and find out how cloud accounting can transform your business!

👉🏻 Visit https://factsandfigures.co.uk/ for more information.

Facts & Figures Weekly: Stay Informed 💡Chancellor John Healey has announced that Budget 2026 will be presented on 28 Oct...
17/08/2026

Facts & Figures Weekly: Stay Informed 💡
Chancellor John Healey has announced that Budget 2026 will be presented on 28 October 2026. He stated the Budget aims to "move money and power out of Westminster" to communities across Britain and that it will adhere to fiscal rules, providing stability for businesses and families. The Office for Budget Responsibility will also publish its economic forecast alongside the Budget. Do you have any concerns about how these changes might affect you? Leave a comment below! 💬

Are you struggling to keep track of your tax records? Many people underestimate the importance of accurate documentation...
14/08/2026

Are you struggling to keep track of your tax records? Many people underestimate the importance of accurate documentation for their Self Assessment tax return.

If you’re required to submit a tax return to HM Revenue and Customs (HMRC), you need to maintain clear records of your income and expenses. Keeping these records ensures you can fill out your return correctly and defend it if HMRC comes calling.

Neglecting this responsibility can lead to penalties and potential tax liabilities.

At Facts & Figures, we can help you:
- Organise your tax records effectively
- Understand what documents you need to keep
- Navigate the requirements for self-employed income

Don't let record-keeping stress you out! Contact us today for expert assistance. 📞💼

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

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