Solutions Accountancy

Solutions Accountancy Whether you are just setting up in business or are looking for a new accountant we would love to cha

We have a wonderful team of friendly accountants waiting to help your business and answer all of your questions. Please feel free to ask any questions you like via facebook and we will always get back to you or book an consultation here https://calendly.com/vickynewham/30min

June is here. A good time to think about whether your finances are working as hard as they should be.For limited company...
01/06/2026

June is here. A good time to think about whether your finances are working as hard as they should be.

For limited company directors, one of the most common areas where money is left on the table is in how they structure their own pay.

We work with directors across the UK to make sure their salary and dividend balance is as tax-efficient as possible. This week we have a blog going into the detail.

📧 [email protected]
📞 0345 193 7334�📞 01484 422384
www.solutionsaccountancy.co.uk

Sole trader or limited company? It is one of the most common questions we get asked, and there is no single answer that ...
29/05/2026

Sole trader or limited company? It is one of the most common questions we get asked, and there is no single answer that works for everyone.

The right structure depends on your income level, your risk tolerance, how you want to be perceived by clients, and where you want to take the business.

Our latest blog breaks it all down: how the two structures compare on tax, liability, administration, and day-to-day practicality. It is aimed at anyone who is running a business, thinking about starting one, or wondering whether their current structure is still the right fit.

Read it at https://www.solutionsaccountancy.co.uk/sole-trader-vs-limited-company-which-structure-is-right-for-your-business/

Running a business without an accountant can work for a while.But there are some clear signs that going it alone is star...
27/05/2026

Running a business without an accountant can work for a while.

But there are some clear signs that going it alone is starting to cost you more than it saves.

Here are five of them:

You are spending hours on bookkeeping instead of running your business.
You are not confident you are paying the right amount of tax.
You have missed a deadline or a filing obligation.
Your business is growing and the financial side feels overwhelming.
You are making big decisions without knowing what the numbers really mean.

If any of these feel familiar, it might be time to get some professional support.

We help business owners and directors across the UK get their finances in order and keep them there. Get in touch to find out how we can help.

📧 [email protected]
📞 0345 193 7334�📞 01484 422384
www.solutionsaccountancy.co.uk

Summer Business Checklist – Accountant’s Edition🧾 1. Mid-Year Financial Review✅ Reconcile all bank, credit card, and loa...
26/05/2026

Summer Business Checklist – Accountant’s Edition

🧾 1. Mid-Year Financial Review
✅ Reconcile all bank, credit card, and loan accounts
✅ Review P&L and balance sheet for the first half of the year
✅ Identify trends and adjust forecasts for Q3 & Q4
✅ Conduct a mid-year tax projection to avoid surprises

📊 2. Budgeting & Forecasting
✅ Update cash flow forecasts for summer fluctuations
✅ Adjust budget for seasonal expenses (utilities, marketing, staffing)
✅ Evaluate ROI on current marketing/promotional efforts
✅ Plan for large upcoming expenses (equipment, rent, taxes)

💵 3. Payroll & Staffing
✅ Verify correct payroll tax rates and deadlines
✅ Ensure compliance with seasonal hire and intern laws
✅ Update employee classification for temporary or part-time workers
✅ Set up payroll for new hires or summer bonuses

💳 4. Tax & Compliance
✅ Prepare for estimated tax payments (usually due June 15 & Sept 15)
✅ Review sales tax filings and exemptions (especially for seasonal sales)
✅ Check for new local/state tax laws or filing changes
✅ Ensure 1099 tracking for contractors hired over the summer

🗂️ 5. Bookkeeping & Recordkeeping
✅ Catch up on data entry and categorisation
✅ Digitise receipts and important summer contracts
✅ Verify inventory tracking is accurate (especially for retail/e-commerce)
✅ Conduct an internal audit of high-risk areas (cash handling, POS systems)

📈 6. Growth Planning
✅ Review financial performance of each product/service line
✅ Identify underperforming areas and develop action plans
✅ Explore tax-advantaged investment or reinvestment opportunities
✅ Reassess pricing strategy based on inflation and cost changes

🛡️ 7. Risk Management
✅ Review insurance policies (business, liability, workers' comp)
✅ Ensure cyber and financial fraud protection measures are current
✅ Back up financial data (cloud & local)
✅ Plan for business continuity in case of weather or staffing disruptions

If you would like any further support on the above, please get in touch with our friendly team today.

📧 [email protected]
📞 01484 422384

If you employ staff, auto-enrolment is a legal obligation, and it is one that catches more small employers out than you ...
22/05/2026

If you employ staff, auto-enrolment is a legal obligation, and it is one that catches more small employers out than you might think.

Our latest blog covers everything small employers need to know: who you must enrol, what the minimum contribution requirements are, how to choose a pension scheme, and what The Pensions Regulator can do if you get it wrong.

It also covers why a generous employer pension contribution can actually be a smart, tax-efficient alternative to a salary increase, both for your staff and for your own company finances.

Read the full guide at https://www.solutionsaccountancy.co.uk/auto-enrolment-and-workplace-pensions-what-every-small-employer-needs-to-know/

📧 [email protected]
📞 0345 193 7334 📞 01484 422384

What actually makes HMRC take a closer look at your accounts?It is a question a lot of business owners wonder about but ...
20/05/2026

What actually makes HMRC take a closer look at your accounts?

It is a question a lot of business owners wonder about but rarely ask out loud. The honest answer is that some enquiries are purely random. But HMRC also uses a risk-assessment process that flags patterns worth examining.

The things most likely to draw attention include: expenses that look unusually high for your type of business, income figures that appear inconsistent with your industry or with other data HMRC holds, significant year-on-year changes in your figures without explanation, and returns that look inconsistent with your bank records or third-party information.

This is not a reason to under-claim or avoid legitimate reliefs. It is a reason to make sure every figure is well-supported and that your records are in order.

📧 [email protected]
📞 0345 193 7334 📞 01484 422384

If your business invests in developing or improving products, processes, or software, you may be eligible for R&D tax cr...
15/05/2026

If your business invests in developing or improving products, processes, or software, you may be eligible for R&D tax credits and it is worth checking.

R&D tax relief is one of the most underused incentives available to UK businesses, largely because many eligible companies assume they do not qualify. The HMRC definition of R&D is broader than most people think, and qualifying activity exists across a wide range of industries, not just technology and life sciences.

Our latest blog explains how the scheme works following the 2024 merger of the SME and RDEC schemes, which industries are seeing qualifying activity, and how to approach a claim correctly.

Read it at https://www.solutionsaccountancy.co.uk/rd-tax-credits-could-your-business-be-missing-out/

📧 [email protected]
📞 0345 193 7334 📞 01484 422384

Why Every Business Needs a Budget, Even If You’re SmallWhen people think of budgeting, they often picture spreadsheets i...
13/05/2026

Why Every Business Needs a Budget, Even If You’re Small

When people think of budgeting, they often picture spreadsheets in big boardrooms or corporate finance teams crunching numbers.

But here’s the truth: budgets aren’t just for large companies. In fact, they’re even more essential for small businesses, sole traders, and startups, where every pound counts and every decision matters.

A well-structured budget gives you more than just numbers on a page. It gives you control over your cash flow, clarity on your goals, and confidence in your decision-making.

With a budget in place, you can:

Anticipate seasonal dips or tax bills rather than react to them

Spot rising costs before they erode your profits

Make informed choices about hiring, investment, or pricing

Track progress toward your targets, month by month

Even a simple monthly budget can make a huge difference. It's not about being rigid, it's about having a clear picture of your finances so you're not flying blind.

If you don’t have a budget in place yet (or haven’t reviewed it in a while), now’s a great time to start.

11/05/2026

If you’re a company director… your tax return is about to get a lot more detailed 👇

HMRC are tightening things up
and “just getting it submitted” won’t cut it anymore.
More detail.
More transparency.
More chance of getting it wrong if you’re not on it.

Here’s what to expect:

1. More information required
It’s not just totals anymore.
HMRC want clearer breakdowns of:
• Income sources
• Dividends
• Expenses
• How your money is actually moving
Less hiding behind vague numbers.
More clarity on everything.

2. Higher chance of being questioned
The more detail you submit…
the easier it is for things to be flagged.
If something doesn’t add up —
you’re more likely to hear about it.

3. “Rushed in January” becomes risky
Leaving it last minute used to be stressful.
Now it’s risky.
Because detailed returns need:
Accurate records
Clean books
Time to actually review things properly

4. Your systems matter more than ever
If your finances are messy behind the scenes…
this will expose it.

Good bookkeeping isn’t a “nice to have” anymore —
it’s what makes this whole process smooth (or painful).

This is HMRC moving towards more visibility.
Which means as a director,
you need to be tighter, clearer, and more organised with your numbers.
Or you’ll feel it when it comes to filing.

Sort your systems now.
Don’t wait until you’re under pressure to figure it out.

National Insurance is something almost every business owner pays, but far fewer fully understand.From the abolition of C...
08/05/2026

National Insurance is something almost every business owner pays, but far fewer fully understand.

From the abolition of Class 2 NIC for the self-employed to the increase in employer NIC rates from April 2025, the landscape has changed considerably in the last couple of years. Our latest blog covers what the self-employed, limited company directors, and small employers each need to know in plain English.

It also covers the Employment Allowance, which could reduce your employer NIC bill by up to £10,500 and is something eligible businesses should absolutely be claiming.

Read the full post here - https://www.solutionsaccountancy.co.uk/national-insurance-for-the-self-employed-and-small-employers-what-you-actually-pay/

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Huddersfield
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Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 4pm

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03451937334

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