LCS Business Ltd - Bookkeeping & Tax

LCS Business Ltd - Bookkeeping & Tax We help new and established business owners manage their tax and finances📊, bringing clarity📈, and saving time⏰️ and money💰. Xero accounting.

Ledbury business for 10 years, covering the UK. VAT, payroll, bookkeeping, cash flow,
Self-Assessment, MTD. A modern, remote bookkeeping practice providing regular cloud based bookkeeping, payroll, sole trader accounts, self assessment, VAT, management accounts, software training and support.

Summer is here. Dreams of cocktails, the beach, and MTD! Whilst rest and relaxation are on the horizon, the first ever M...
04/06/2026

Summer is here.

Dreams of cocktails, the beach, and MTD!

Whilst rest and relaxation are on the horizon, the first ever Making Tax Digital quarter ends on the 30th of June.

Where has this time gone?

We will be getting our clients' books ready for the first submission due to HMRC by the 7th of August.

☀️New enquiries☀️ there is still time to register and do a bookkeeping catch-up from April, but we have a capacity limit.

(A quick recap - this applies to sole traders and landlords with a turnover of £50k or above on the 24-25 self-assessment).

If you would like a chat, please get in touch over the next few days.

📧[email protected]
☎️Telephone 07500111483
🌐www.lcsbusinesssupport.co.uk

We are 10 years old this month, and thought we would do a little recap on our services and where to find us.My name is L...
03/06/2026

We are 10 years old this month, and thought we would do a little recap on our services and where to find us.

My name is Lorna and I currently run the business from home, in Ledbury, with the help of a remote team, and my son.

We are Xero partners, and clients are dotted around Herefordshire and all over the UK.

Working with sole traders, limited companies and other finance professionals, we are friendly, approachable, and no question is a silly one.

We serve multi-miillion turnover companies down to side hustle, from creative designers, coaches, retail, ecommerce, events, catering, rental, beauty to fitness.

Your business is your livelihood and holds your future goals. You are probably juggling many plates, so we proactively send reminders about dates, payments, returns, and will sit in the queue for HMRC.

We also do

🔴Cash flow maintenance
🔴Costing
🔴Credit control
🔴Supplier payment runs
🔴CIS
🔴Management accounts
🔴Limited company accounts

and get clients ready for Making Tax for Digital Income Tax.

Most of our fees are packaged into an affordable, fixed price.

Please find our enquiry booking link below, or send us a message.

https://calendly.com/lorna-lcs/initial-discovery-call-zoom

Haha! there was reason behind this madness!As a fellow business owner, I need to know my numbers, too. Invoices were ema...
03/06/2026

Haha! there was reason behind this madness!

As a fellow business owner, I need to know my numbers, too.

Invoices were emailed to clients on Sunday (most are reoccurring and raised automatically in Xero), and I was curious to know these things.

1. My total turnover for the month.
2. Profit for the month.
3. What to put away for tax.
4. What I can pay myself.
5. What remains in the business.
6. What money do I have in the budget to invest in staff, courses, etc.

and May 2026 turned out to be our best month, ever! 🥂

Not vanity, or greed....just plain hard work, trying to design a business that runs efficiently, serves fellow business owners, and helps them to achieve their goals.

Software quickly produces reports - from your bed, the park, overseas - if converting is on your timeline and you need assistance, please get in touch.

You have dedicated many late nights and weekends to the completion of work - ensuring that customer deadlines are achiev...
27/05/2026

You have dedicated many late nights and weekends to the completion of work - ensuring that customer deadlines are achieved.

You raise the invoices, stating their terms and conditions.

Your bank balance is low, so you are relying on the sales income to cover supplier bills and to pay yourself (mortgage and personal necessities).

The due date arrives, and money hasn't come in.

The client didn't keep their side of the bargain, or are they unaware?

⏰️A week late, and it is now causing major problems.

〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️〰️

Some of our "virtual accounts department " services.

📆 Closely monitoring what money is due to come in and when.

📊 Assess how this ties in with payments going out on your cash flow forecast.

☎️ Speak with customers (did they receive the invoice), email statements and payment reminders, and chase overdues.

⚙️ Make it easier for client customers to pay - create more options, collect money by direct debit (a game-changer), and automate this with your software, so your bookkeeping takes less time, too.

If late payments are causing you problems, get in touch to discuss.


Not only does missing paperwork cost you money, sadly, not keeping the correct documents does too.Logs and lists are vit...
25/05/2026

Not only does missing paperwork cost you money, sadly, not keeping the correct documents does too.

Logs and lists are vital, too, as it is often difficult to remember back.

We can treat the same purchase in many ways taxwise - and time flies!

Like, who was at the meal last February? staff or clients?

Keep those records squeaky clean - you will thank us later, and HMRC will be very happy.





🔔Also, this week, the government has announced a temporary VAT cut on many family summer activities.VAT on eligible chil...
24/05/2026

🔔Also, this week, the government has announced a temporary VAT cut on many family summer activities.

VAT on eligible children’s meals and many family attractions are being reduced from 20% to 5%.

🗓The reduction runs from 25th June to 1st September 2026.

The aim is to lower costs for families during the school holidays whilst supporting the hospitality industry.

☀️Theme parks
☀️Zoos and wildlife parks
☀️Soft-play centres
☀️Cinemas
☀️Children’s theatre and concert tickets
☀️Museums and exhibitions
☀️Fairs, circuses, and adventure parks
🥙Children’s meals eaten in restaurants and cafés (but generally not takeaways). 

Other Important Factors:

➡️Businesses do not have to pass the VAT savings on to its customers.

➡️It applies to activities marketed specifically for families or children.

➡️Children’s meals must be clearly presented as children’s menu items.

➡️Smaller adult portions do not qualify.

➡️Takeaway meals are excluded.

➡️Sports events are generally excluded. 

Why is it a bit controversial?

🔴Many kids’ meals already make little or no profit.

🔴The savings per family may be small.

🔴The temporary cut could result in additional admin costs.

✏️We are writing to our hospitality clients this week.

I would love to hear your thoughts on this.

Follow for regular government updates.

Good news if you use your personal vehicle for business or work, and the new rate can be backdated to April 2026.Quick r...
23/05/2026

Good news if you use your personal vehicle for business or work, and the new rate can be backdated to April 2026.

Quick recap: If you are claiming the flat rate mileage allowance, records must be maintained and kept.

🚘Date,🚘place, 🚘reason, 🚘number of miles, 🚘amount claimed.

A spreadsheet is perfect, or some clients use an app, then download a report.

We will always let you know about legislation changes.

💫There's another one coming tomorrow, so please stay tuned.💫





There is still time to switch to software and catch-up.I have received a couple of new enquiries recently where concerne...
21/05/2026

There is still time to switch to software and catch-up.

I have received a couple of new enquiries recently where concerned business owners were unsure if MTD applied to them, and if it was too late to start.

MTD (Making Tax Digital)

Sole traders and landlords who had a turnover (sales) of £50,000 or above on the 24-25 tax return. They are required to keep digital records and submit returns through compatible software, starting April 2026. They also need to send quarterly income and expenditure updates to HMRC - the first one being April-June.

If this applies to you, there is still time to:

1. Register for MTD with HMRC
2. Decide on your software
3. Do a bookkeeping catch-up from April 26 to date.
4. Get ready to send your first quarterly update by 7th August.

Our "done for you" package starts at £90.00 a month, but we are here if you have any questions.

Yesterday, I looked back at a client's 2023 profit calculator, and their monthly costs and overheads have increased by £...
18/05/2026

Yesterday, I looked back at a client's 2023 profit calculator, and their monthly costs and overheads have increased by £10k!

You don't notice it week by week, but the reality is that the cost of everything has increased. 📈

To avoid draining reserves or making a loss, get into a habit of adding up your monthly outgoings to find the minimum amount of sales needed to break even - or use the reports in your software. Compare month on month, and look for sales patterns.

Find out what's changing or if you are overspending in various areas.

Then, take a deep breath and a leap. (We know pricing is a difficult part of running a business).💪

Remember:

Charge your worth
Don't work for free
Know your numbers
Take action
Be proactive, not reactive

💫Tidy books are the best groundwork to running a business.

Need a hand 👋 get in touch - we can work through it together.


Address

6 Poplar Close, Ledbury
Herefordshire
HR82GH

Opening Hours

Monday 8:30am - 4pm
Tuesday 8:30am - 4pm
Wednesday 8:30am - 4pm
Thursday 8:30am - 4pm
Friday 8:30am - 12am
Saturday 12am - 4am

Website

https://linktr.ee/lcsbookeeping

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