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.

September always feels like a fresh start.The kids are back at school, the summer is behind us, and business tends to pi...
07/09/2026

September always feels like a fresh start.

The kids are back at school, the summer is behind us, and business tends to pick up again. It is also one of the best times of year to reset some financial habits before Q4 arrives.

Here are four things worth doing this week:

Book a catch up with your accountant

If you have not spoken to them since before the summer, now is the time. A lot can change in three months and you want to go into Q4 with accurate numbers and a clear plan.

Get your bookkeeping up to date

If transactions from June are still sitting unreconciled, your numbers are not reliable. Get them up to date before the busy season starts.

Review your VAT position

If you are on the Margin Scheme, are your stock records complete for the summer period? Q3 VAT returns are coming up.

Set your goals for the rest of the year

What does a good Q4 look like for your business? Now is the time to set it and start working towards it.

September is a gift. Do not waste it.

Discover if we are the right accountants for your business ⬇️

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

We are growing. And we are looking for someone brilliant to grow with us.Rhombus Accounting is hiring a Client Portfolio...
04/09/2026

We are growing. And we are looking for someone brilliant to grow with us.

Rhombus Accounting is hiring a Client Portfolio Manager.

This is not a role for someone who wants to churn through compliance work and go home.

We are building something different here, and we need someone who wants to be part of that.

Here is what the role looks like:

💼 Manage a portfolio of SME clients. Limited Companies, Sole Traders and Partnerships
📊 Prepare and review accounts, tax returns, VAT returns and management accounts
📱 Be the main point of contact for your clients throughout the year
💡 Spot opportunities and issues before clients have to ask
🤖 Embrace technology. We are a Xero-only practice and we are actively exploring AI and automation
📈 Help shape how Rhombus operates as we grow

The detail:

📍 Based in Goole, East Yorkshire at the RaisE Business Centre
🏡 Hybrid working - 3 days in the office, 2 from home
💷 £42,000 to £48,000 depending on experience
🎓 ACA, ACCA or AAT qualified, or qualified by experience

And for the right person, there is a genuine potential route to equity in Rhombus as the business grows.

We want someone who takes ownership, picks up the phone, spots a problem and thinks about how to solve it.

Someone who wants to help build the firm, rather than simply inherit a job description.

If that sounds like you, or you know someone who might be a great fit, we would love to hear from you.

The easiest way to get in touch is via WhatsApp:

📱https://wa.me/message/EILXHZZKX3JUH1

Or alternatively via email:

📧 [email protected]

Please feel free to share or tag someone who you think could be a great fit.

September arrives tomorrow. The summer is over and Q4 is closer than it feels.For a lot of businesses, the final quarter...
31/08/2026

September arrives tomorrow. The summer is over and Q4 is closer than it feels.

For a lot of businesses, the final quarter of the year is the busiest. And the ones that navigate it best are the ones that planned ahead.

Here is what we are talking to clients about right now:

📊 Where do your numbers stand at the end of Q2? Do you know your profit for the year so far?

💷 What is your forecast tax bill looking like? Do you have enough set aside for Self Assessment or Corporation Tax?

📋 Is your bookkeeping up to date? Because Q4 decisions made on outdated data are just guesswork.

🚗 If you are a VAT Margin Scheme business, is your stock book current? A busy Q4 with poor records creates problems in January.

📈 Is there anything you want to invest in before your year end to reduce your taxable profit?

These are not complicated questions. But most business owners do not ask them until it is too late to do much about the answers.

If you want to go into September with a clear picture of where your business stands, get in touch this week.

Discover if we are the right accountants for your business ⬇️

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

One of the most common things we hear from people who are just starting to build a business.And one of the most expensiv...
28/08/2026

One of the most common things we hear from people who are just starting to build a business.

And one of the most expensive mistakes you can make.

Here is the problem.

The less organised your finances are at the start, the harder and more expensive they are to fix later. By the time you are making good money, you might also be dealing with:

❌ Years of undeclared income that HMRC is now asking about
❌ Missed VAT registration that means back-paying VAT on past sales
❌ A tax bill you did not plan for because no one told you to save for it
❌ Losing the ability to claim expenses you incurred but did not record
❌ A Director's Loan Account that has quietly grown into a tax liability

Getting your finances right from the beginning costs far less than untangling a mess later.

If you are buying and selling, even part-time, and your finances are not set up properly, the best time to fix that is now. Not when you are making more money.

Discover if we are the right accountants for your business ⬇️

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

A brilliant review from Colin last month.Capital gains tax on a property sale is one of those areas that can feel compli...
26/08/2026

A brilliant review from Colin last month.

Capital gains tax on a property sale is one of those areas that can feel complicated and stressful to navigate. Getting it right matters and getting it wrong can be costly.

We are really pleased Colin found the process fast and efficient and we are grateful for the kind recommendation.

Whether it is Capital Gains Tax, VAT Margin Scheme, Corporation Tax, or just getting your accounts in order, we are here to help.

Discover if we are the right accountants for your business ⬇️

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

If you buy and sell second-hand goods, a generalist accountant is likely costing you money.Not through incompetence. Jus...
24/08/2026

If you buy and sell second-hand goods, a generalist accountant is likely costing you money.

Not through incompetence. Just through not knowing what they do not know.

The VAT Margin Scheme is a specialist area. It applies to businesses that buy and resell eligible second-hand goods where there was no VAT on the original purchase. And it can make a significant difference to how much VAT you pay each quarter.

But applying it correctly requires:

🔍 Understanding which goods are eligible and which are not
🔍 Maintaining a stock book with the specific records HMRC requires
🔍 Calculating VAT on the margin rather than the full selling price
🔍 Handling mixed stock correctly if you sell both eligible and ineligible goods
🔍 Being able to defend every claim if HMRC asks questions

A generalist accountant who encounters the Margin Scheme once a year will not have the depth of knowledge to do all of this reliably. We do it every single day.

If you are a used car dealer, watch trader, jewellery seller, antique dealer, designer bag seller, vintage clothing store or trading card seller, this is exactly what we specialise in.

Discover if we are the right accountants for your business ⬇️

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

If there is one thing we know about business owners, it is that they are very good at putting things off until September...
21/08/2026

If there is one thing we know about business owners, it is that they are very good at putting things off until September.

New accountant? September.
Get the books sorted? September.
Actually understand my numbers? September.

We are currently taking on new clients and we have availability for free initial consultations throughout August.

If you have been thinking about making a change, this is your sign to actually do it.

No awkward conversations with your existing accountant. We handle the Professional Clearance. You just need to book a call.

In person at our office in Goole or via Google Meet - whatever works best for you.

📅 calendly.com/rhombus-accounting

Discover if we are the right accountants for your business ⬇️

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

A lot of people selling on resale platforms assume that because it feels informal, HMRC is not paying attention.They are...
19/08/2026

A lot of people selling on resale platforms assume that because it feels informal, HMRC is not paying attention.

They are.

Under DAC7 regulations, digital platforms including Vinted, Depop, eBay, Etsy, TikTok Shop and Whatnot are required to report seller income directly to HMRC. This has been in place since 2024 and the data sharing is ongoing.

What this means in practice:

HMRC receives a report of how much you earned on each platform every year. If you have not declared that income on your tax return, HMRC already knows there is a discrepancy.

When is selling taxable?

The trading allowance of £1,000 means that up to £1,000 of income from selling is tax-free. Above that, if you are buying to resell with the intention of making a profit, that income is taxable and needs to be declared.

Selling your own personal possessions at a loss is generally not taxable. But if you are buying stock to resell, even casually, that is trading income.

The good news is that all your allowable costs can be deducted, including stock purchases, platform fees, postage and packaging, and for eligible second-hand goods, the VAT Margin Scheme can significantly reduce your VAT bill.

If you have been selling online and are not sure where you stand, now is a good time to get clarity.

Discover if we are the right accountants for your business ⬇️

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

Three numbers that every business owner talks about. Three numbers that most business owners confuse.Let us clear them u...
17/08/2026

Three numbers that every business owner talks about. Three numbers that most business owners confuse.

Let us clear them up.

Turnover is the total income your business generates before any costs are deducted. It is the headline number. It is also largely vanity.

Profit is what is left after your costs have been deducted from your turnover. This is the number that actually matters for tax purposes and for understanding whether your business is working.

Cash is the money that is physically sitting in your bank account right now. And here is the thing — a profitable business can have very little cash if customers are paying late, stock is tied up, or a tax bill is looming.

Why it matters:

If you set your prices based on turnover, you will underprice.
If you make spending decisions based on cash in the bank, you will overspend.
If you ignore profit, you will not know whether your business is actually viable.

Understanding the relationship between all three is one of the foundations of running a financially healthy business.

Management accounts give you all three at a glance, regularly, throughout the year. Not just once at year end when it is too late to act.

Discover if we are the right accountants for your business ⬇️

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

August is one of those months where things tend to slow down a little.And rather than just waiting for September to arri...
14/08/2026

August is one of those months where things tend to slow down a little.

And rather than just waiting for September to arrive, it is actually one of the best times of year to take stock of where your business finances stand.

Here are five things worth doing this month while it is quieter:

1. Make sure your bookkeeping is up to date
If you have fallen behind, now is the time to catch up before the second half of the year gets busy again.

2. Check your VAT position
If you are approaching the £90,000 threshold or not sure whether the Margin Scheme is being applied correctly, get a review done now.

3. Have a look at your profit for the year so far
Are you on track? Are there costs you could reduce? Are there investments worth making before your year end?

4. Think about your tax bill
If you are a sole trader or director, are you putting enough aside? The January Self Assessment deadline arrives faster than you think.

5. Have that conversation you have been putting off
Whether it is switching accountants, setting up a limited company, or just getting a proper handle on your numbers, the summer is the right time to start.

We have availability for new clients right now. If you have been thinking about getting in touch, this is the moment.

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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