LMH Accounts Ltd

29/08/2025

Sponsor for Barwell Arrows FC ⚽️

28/07/2025

Reminder for self assessment payments, if you need any help with accounts, tax, VAT, PAYE, CIS or Xero get in touch today.
[email protected]

22/07/2025

🔐 Are You Making the Most of Pension Tax Savings?

Whether you’re a sole trader or a limited company director in the UK, pensions aren’t just about planning for retirement — they’re a powerful tool for reducing your tax bill today.

💡 Sole Traders:
You can contribute to a personal pension and receive 20% basic rate tax relief automatically — and potentially more via your Self Assessment return if you’re a higher-rate taxpayer. Pension contributions can significantly reduce your taxable profits.

💼 Company Directors:
If you operate through a limited company, your company can make employer pension contributions, which are a tax-deductible business expense — reducing your Corporation Tax. No employer NI, no personal tax — just smart planning.

✅ Why Consider It?
• Boost your retirement fund
• Cut your income or corporation tax
• Stay compliant and tax-efficient
• Retain more profit in the long run

📊 If you’re unsure how much to contribute or how to set this up, it’s worth getting advice tailored to your structure and income.

👋 At LMH Accounts, we help sole traders and directors across the UK make tax-efficient pension decisions that support both their business and their future.

📩 Want to explore your pension options? Let’s have a chat.

21/07/2025

🎁 Directors—Treat Yourself Tax-Free with Trivial Benefits!

At LMH Accounts Ltd, we help directors make the most of tax-efficient perks—and Trivial Benefits are one of the easiest wins!

A Trivial Benefit is a small gift from your company that you don’t pay tax or National Insurance on, as long as it meets the following conditions:

✅ Costs £50 or less (including VAT)
✅ Isn’t cash or a cash voucher
✅ Isn’t a reward for work or performance
✅ Isn’t part of a salary sacrifice scheme

👔 Directors of close companies (with 5 or fewer shareholders) can receive up to £300 worth of these trivial benefits per tax year—completely tax-free!

💡 Examples include:
🍷 A bottle of wine
🍽️ A meal out
🎁 Gift cards like One4all Vouchers
🎄 A small festive hamper

📌 Used correctly, this is a legitimate and smart way to extract value from your company without triggering additional tax charges.

📞 Want to ensure you’re making the most of your allowances? Get in touch with LMH Accounts Ltd—we’ll show you how to stay tax-efficient and compliant.

18/07/2025

💼 Do You Know Who’s Really Doing Your Accounts?

When it comes to your finances, who’s behind the numbers matters.

👉 Is your accountant someone you know and trust — someone you can call, email, or pop in to see?

Or…

🤔 Are your accounts being outsourced offshore, handled by someone you’ve never met, in a system you don’t fully understand?

At LMH Accounts, we believe in relationships, accountability, and transparency. You’ll always know who’s working on your accounts — and you’ll have regular, direct contact with a dedicated UK-based professional.

✅ No faceless teams.
✅ No hidden outsourcing.
✅ Just clear, honest advice from people who care about your business.

📞 Let’s have a chat — your accounts should never be a mystery.

24/06/2025

📣 Making Tax Digital (MTD) for Income Tax is coming!

From April 2026, if you're self-employed or a landlord earning over £50,000, you'll need to:
➡️ Keep digital records
➡️ Submit quarterly updates to HMRC
➡️ Use MTD-compatible software

And from April 2027, those earning over £30,000 will join the scheme too.

💡 Now’s the time to prepare! Going digital doesn’t have to be stressful — we’re here to help you transition smoothly.

📲 Message us to get started or to find out if MTD applies to you.

17/02/2025

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Terms apply

16/02/2025

What makes a great accountant?

We think…..
1. A great accountant should be available but more importantly should contact you. When was the last time your accountant got in touch to see how things are going or to discuss an upcoming deadline or liability?
2. A great accountant should be approachable, friendly and on your side! There is a big difference between saving tax and tax avoidance!
3. A great accountant knows how important your business is and does everything they can to support you in good times and bad.

If you aren’t getting a GREAT accountant reach out to us today!

15/02/2025

Don't forget our referral scheme!
For any client you introduce to LMH (same business type) we will reduce your bill by 5%.
No limit, in fact we will pay you commission if you like us enough!