Rhombus Accounting

Rhombus Accounting Rhombus Accounting Limited is an accountancy firm who are on hand to manage your accounting, finances, and taxes.

This means you can concentrate on your business, retain more profit, and reclaim your valuable time.

Booking time with us has never been easier.Whether you are a business owner thinking about making a switch, or an existi...
29/05/2026

Booking time with us has never been easier.

Whether you are a business owner thinking about making a switch, or an existing Rhombus client wanting to schedule your next management meeting, you can now book directly into our calendar at a time that suits you.

📅 Book your slot here: calendly.com/rhombus-accounting

We offer two ways to meet:

🏢 In person at our office
F15, Raise Business Centre
Tom Pudding Way
Goole
DN14 6BS

💻 Via Google Meet
Perfect if you are based further afield or simply prefer a virtual catch up.

For new enquiries, the initial consultation is completely free. No obligation. Just an honest conversation about your business and whether we are the right fit for each other.

For existing clients, use the same link to book your next management meeting and keep your finances on track throughout the year.

Discover if we are the right accountants for your business ⬇️

🌐 www.rhombusaccounting.co.uk
📧 [email protected]
📞 01405 447448

A lot of business owners know they need bookkeeping but are not entirely sure what it actually involves.Here is a plain ...
27/05/2026

A lot of business owners know they need bookkeeping but are not entirely sure what it actually involves.

Here is a plain English breakdown.

Bookkeeping is the process of recording and organising every financial transaction your business makes. Every sale, every purchase, every bank transfer, every expense. It is the foundation that everything else sits on.

Without accurate bookkeeping, your VAT returns are guesswork. Your tax return is guesswork. Your management accounts are guesswork.

With accurate bookkeeping, you always know:

✅ What your business has earned
✅ What it has spent
✅ What it owes in VAT and tax
✅ Whether it is profitable right now, not just at year end
✅ Where the cash flow pressure points are before they become problems

At Rhombus Accounting, we handle bookkeeping for our clients through Xero, reconciling transactions, processing invoices and bills, and keeping everything up to date so the numbers are always accurate.

If your books are a mess or months behind, we can help.

Discover if we are the right accountants for your business ⬇️

🌐 www.rhombusaccounting.co.uk
📧 [email protected]
📞 01405 447448

If you run a limited company, you have to file a confirmation statement with Companies House every year.It is one of the...
22/05/2026

If you run a limited company, you have to file a confirmation statement with Companies House every year.

It is one of the most commonly missed filing obligations for small business owners, and missing it can result in your company being struck off the register.

Here is what you need to know:

📋 A confirmation statement confirms that the information Companies House holds about your company is accurate and up to date
📋 It covers details like your registered address, directors, shareholders, and share structure
📋 It must be filed within 14 days of your confirmation statement due date
📋 The due date is 12 months after either your incorporation date or the date of your last confirmation statement
📋 There is a £50 filing fee if you submit online

It does not matter whether your company has traded or not. The confirmation statement is still required.

If you are not sure when yours is due or you have missed one, get in touch and we will help you get it sorted.

Discover if we are the right accountants for your business ⬇️

🌐 www.rhombusaccounting.co.uk
📧 [email protected]
📞 01405 447448

If you buy and sell pre-owned watches or jewellery, the VAT Margin Scheme almost certainly applies to your business.And ...
20/05/2026

If you buy and sell pre-owned watches or jewellery, the VAT Margin Scheme almost certainly applies to your business.

And if it is not being applied correctly, you are likely overpaying VAT on every single sale.

At Rhombus Accounting, we work with watch and jewellery traders to make sure the Margin Scheme is set up properly, their stock records are compliant, and their VAT returns are filed correctly every quarter.

We also help with:

⌚ Xero bookkeeping tailored to the way you buy and sell
📋 Stock book setup and ongoing compliance
💷 Quarterly VAT returns under the Margin Scheme
📊 Management accounts so you know your margins at all times
📈 Year end accounts and Corporation Tax

We understand the industry and we understand the numbers.

If you are a watch or jewellery trader and you are not sure whether your VAT is set up correctly, get in touch today.

Discover if we are the right accountants for your business ⬇️

🌐 www.rhombusaccounting.co.uk
📧 [email protected]
📞 01405 447448

One of the most common causes of cash flow panic in small businesses is a tax bill that was not planned for.The fix is s...
18/05/2026

One of the most common causes of cash flow panic in small businesses is a tax bill that was not planned for.

The fix is simple. Start saving from day one.

Here is a rough guide to what to put aside:

💰 Sole trader or freelancer: save around 20 to 30% of every payment you receive. The higher end if you are a higher rate taxpayer.

💰 Limited company director: set aside around 19 to 25% of your company profits for Corporation Tax. And if you pay yourself dividends, remember that dividend tax is paid personally through Self Assessment.

💰 VAT registered businesses: your VAT pot is not your money. Keep it separate and do not touch it.

The exact amount depends on your income, your expenses, and how your business is structured. But having something set aside is always better than nothing.

If you have a tax bill coming up and you are not sure what to expect, get in touch. We would rather help you plan ahead than pick up the pieces after.

Discover if we are the right accountants for your business ⬇️

🌐 www.rhombusaccounting.co.uk
📧 [email protected]
📞 01405 447448

These two terms get confused all the time. Here is the difference.Tax avoidance is legal. It means structuring your fina...
15/05/2026

These two terms get confused all the time. Here is the difference.

Tax avoidance is legal. It means structuring your finances in a way that legitimately reduces your tax bill. Paying yourself through a combination of salary and dividends. Making pension contributions. Claiming all allowable expenses. Using the VAT Margin Scheme correctly. This is exactly what a good accountant helps you do.

Tax evasion is illegal. It means deliberately hiding income, falsifying records, or not declaring what you owe. This is fraud. It carries serious penalties, interest charges, and in some cases criminal prosecution.

A lot of business owners are nervous about aggressive tax planning when actually all they are doing is making sensible, fully legal decisions about how they run their finances.

You do not need to overpay tax. You just need the right advice.

Discover if we are the right accountants for your business ⬇️

🌐 www.rhombusaccounting.co.uk
📧 [email protected]
📞 01405 447448

We love receiving feedback like this from our clients 👏Helping business owners feel confident, organised, and supported ...
13/05/2026

We love receiving feedback like this from our clients 👏

Helping business owners feel confident, organised, and supported year-round is exactly why we do what we do.

A huge thank you to Jack Stead aka for the kind words. It’s been brilliant working together and supporting his journey both in business and beyond.

If you’re looking for an accountant who is proactive, responsive, and genuinely invested in helping your business grow, we’d love to chat.

Discover if we’re the right accountants for your business ⬇️

🌐 www.rhombusaccounting.co.uk
📧 [email protected]
📞 01405 447448

A question we get asked a lot by new clients."Do I really need accounting software or can I just use a spreadsheet?"Here...
11/05/2026

A question we get asked a lot by new clients.

"Do I really need accounting software or can I just use a spreadsheet?"

Here is the honest answer.

For very early stage or very simple businesses, a spreadsheet can work. But once your business has any real volume of transactions, VAT obligations, employees, or ambitions for growth, a spreadsheet starts to hold you back.

Here is why we recommend Xero to all of our clients:

✅ Real time view of your finances, not a snapshot from last month
✅ Bank feeds that automatically import your transactions
✅ VAT returns submitted directly to HMRC from within the software
✅ Payroll built in
✅ Invoicing, purchase bills, and reconciliation all in one place
✅ Your accountant can log in and see exactly what you see

For VAT Margin Scheme businesses in particular, Xero paired with proper stock records gives you the clearest possible picture of your margins and your VAT position at any point in the year.

If you are still running your business on spreadsheets, we can help you move across to Xero and set it up properly from day one.

Discover if we are the right accountants for your business ⬇️

🌐 www.rhombusaccounting.co.uk
📧 [email protected]
📞 01405 447448

Second-hand vehicle dealers have accounting needs that most generalist accountants are simply not set up for.The VAT Mar...
08/05/2026

Second-hand vehicle dealers have accounting needs that most generalist accountants are simply not set up for.

The VAT Margin Scheme. Stock book compliance. Fluctuating margins. Vehicles bought at auction, privately, or through part exchange. Finance arrangements. Dealer overhead management.

It is a niche world and it needs a specialist.

At Rhombus Accounting, we work with vehicle dealers day in and day out. We understand how your business works, what HMRC expects, and how to make sure you are keeping as much of your profit as the law allows.

Here is what we typically help vehicle dealers with:

🚗 Setting up and managing the VAT Margin Scheme correctly
📋 Stock book compliance and record keeping
💷 VAT return preparation and submission
📊 Monthly management accounts so you always know where you stand
💰 Funding solutions through our partners at iwoca and Swoop
📈 Year end accounts and Corporation Tax

If you are a vehicle dealer and you are not 100% confident your VAT Margin Scheme is set up correctly, now is the time to find out.

Discover if we are the right accountants for your business ⬇️

🌐 www.rhombusaccounting.co.uk
📧 [email protected]
📞 01405 447448

Address

F15, Raise Business Centre, Tom Pudding Way
Goole
DN146BS

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+441405447448

Website

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