Pi Accountants

Pi Accountants Look deeper, and you will find that we are quite simply an awesome accountancy practice

01/06/2026

If you are considering leaving the UK,

Whilst there is technically no “Exit Tax” in the UK, there are areas that you should be aware of if you don't want to get caught out:

The temporary non-residence rules apply when a taxpayer goes overseas, becomes non-resident, and sells assets they held while UK tax resident.

Initially outside the UK CGT net, however, should you return to the UK within 5 years, the tax is calculated in the year of return, subject to Double Taxation agreements not overriding it.

Issues could also arise if you break residence, sell assets following your departure from the UK, but before the end of the relevant UK tax year

If you can’t benefit from 'split year residence' rules, eg, you are not 'full-time working abroad' or retain a UK home, you would remain liable to CGT on gains up to the tax year end.

If you are a tax payer and defer capital gains into an EIS/Seed EIS you may trigger a CGT liability if you leave within 3 years of that new investment.

If you are in the process of, or considering leaving the UK, please get expert advice to ensure you are aware of how you could be impacted.

I'd love to know if you are a member of the FSB (Federation of Small Businesses)?I ask purely out of curiosity, and to m...
29/05/2026

I'd love to know if you are a member of the FSB (Federation of Small Businesses)?

I ask purely out of curiosity, and to make sure people are aware of them and the services they offer!

For a relatively low cost, they really do offer a lot of support to small business owners.

With support and information available about: Legal matters, employment, training, insurance, banking …

The list really does go on

If you haven't taken a look at what they do, I would recommend taking a look at their website

You never know - they could be a support you didn't realise was available to you!

Not so many dates to remember n JuneSo time maybe, to revisit your goals for the year and make sure you're  ready for th...
26/05/2026

Not so many dates to remember n June

So time maybe, to revisit your goals for the year and make sure you're ready for the second half of 2026… how quickly it has come around!

June 1: New Advisory Fuel Rates (AFR) come into effect for company car users.

June 18: MPC Summary and minutes

As Angela rayner declared that she has been cleared by HMRC, does this bring to question how the penalty regime actually...
22/05/2026

As Angela rayner declared that she has been cleared by HMRC, does this bring to question how the penalty regime actually works?

How are decisions made, and by whom, around what “acting with reasonable care” should look like?

How do you feel HMRC should respond when people claim they have made a genuine mistake?

Tax rules are complex, it is often considered that HMRC generally takes a hard line with people when they get it wrong.

With MTD on its way and even more tax deadlines to add to your diary, is it possible to have a penalty system that is fair for all?

Not yet registered for VAT… Heres everything you need to know:Simply put VAT (Value added tax) is a consumption tax.You ...
20/05/2026

Not yet registered for VAT… Heres everything you need to know:

Simply put VAT (Value added tax) is a consumption tax.

You dont have to register for VAT until you have earned taxable turnover of £90k in the last (consecutive) 12 months… (Unless you choose to)

You will need to:

Charge VAT on your sales

Pay VAT on business purchases

Submit VAT returns to HMRC

VAT is usually charged at 20%, but certain items come under either a 5% or 0% VAT Rate.

Some items are exempt from VAT (this is different to 0% rate)

When you register for VAT you will be issued with a VAT registration number.

You must issue VAT invoices;

When can you claim back VAT?

You can claim back VAT on goods and services that you have purchased for your business.

You can also claim back VAT on bad debts.

VAT Submissions to HMRC

Your VAT due dates will depend on when you registered for VAT.

Most businesses will be required to make a submission every 3 months.

Getting VAT right is important; mistakes can result not only in penalties but also in a potential investigation.

Top Tip:
Make sure you are using reliable software such as Xero, which will help you keep on top of everything in one place and minimise the risk of error

Work with an accountant, as soon as you are getting close the the VAT threshold, speak with an accountant. Dont wait until the VAT is due, being prepared could save you money and a few sleepless nights.

VAT doesn't have to be complicated or scary, but missing the threshold or deadlines can be expensive.

Get in touch to find out how we work with businesses just like yours in the lead up to registration, supporting the registration process, and ensuring you stay compliant and up to date without unnecessary stress or cost.

If business hasnt been as profitable this year so far…there may be a small silver lining!If you are due to pay your 2nd ...
15/05/2026

If business hasnt been as profitable this year so far…

there may be a small silver lining!

If you are due to pay your 2nd payment on account in July, remember this is an estimated bill based on last years earnings.

If you complete your tax return now, it may be possible to reduce your July payment on account.

Better for your business, better for your cashflow.

Another reason not to leave your self assessment until January!

Get in touch if you need some advice as to whether this is the right action to take for you and your business at this time.

Whether you are self-employed and working from home, or work from home as a limited company director, there are expenses...
13/05/2026

Whether you are self-employed and working from home, or work from home as a limited company director, there are expenses you could be missing out on.

Life Insurance

Mobile phone

Office Equipment

Council tax

Rent

So many business owners are missing out because they are unaware of what they are entitled to claim.

Which expenses are relevant to you, and the amount depends on your individual situation.

Speaking to an accountant will ensure that you dont miss out and that you get the calculation right.

If you want to be sure of your entitlement, get in touch.

We are PI, you know your business and we know the numbers.

Too many business owners act too late to improve their profits:If you are doing your own tax return orworking with an ac...
08/05/2026

Too many business owners act too late to improve their profits:

If you are doing your own tax return or
working with an accountant or bookkeeper only when it is time to finalise your taxes:

You could be missing out because:

No one has explained your options
There’s no plan in place
Everything is done too late

So many of businesses come to us with historic problems,
👉previously underpaid taxes
👉Mistakes in reporting
👉unclaimed expenses

and it takes time to look back and understand what has gone wrong and ensure that everything is put right,

If you want to be as tax efficient as you can be, waiting until you do your tax return could be leaving it too late.

Getting it right now, and planning for the next 6 months of the year will allow you to maximise your profits and plan for your expenses, whether they are expected or a nasty surpise.

Get in touch and speak to us about where you are with your business now and where you want to be and lets see how we can support you on your journey

The problem with accountants (from an accountant!)As much as we love numbers, we believe that accountants need to be inv...
07/05/2026

The problem with accountants (from an accountant!)

As much as we love numbers, we believe that accountants need to be invested in more than just your accounts and taxes.

Behind every decision made, there is a human story, and the only way to understand that story and ensure the right decisions are made is to prioritse genuine relationships and ensure the solutions we find are tailored to your individual needs and goals.

We hope that you will allow us to become one of your trusted partners.

If you would like to be more than a client,
If you would like to become part of a community that values expertise, understanding and compassion,

Please get in touch and find out more about how we can work with you to support every step of your journey.

You have hit a point where you are struggling to achieve the growth you wantThis isn't uncommon.Before you take action… ...
05/05/2026

You have hit a point where you are struggling to achieve the growth you want
This isn't uncommon.

Before you take action… or pull out your hair.

There are reasons you have come to this point, when you understand the reasons, it is much easier to overcome them!

Why do you want to grow?

Many people feel that they have to grow to be successful.

Your business only needs to do what you need it to do,
if what you have built is enough for you.
Growth is not mandatory!

❓Is your structure ready for growth?

If you started as a sole trader, the structure you have created was built to fit around you and your initial plans for the business.

Before you scale, have a clear picture of the structure your business will need.

Plan for the growth you aim to achieve, and start making the changes you know you need.

❓Do you have the time and space to lead the growth?

Do you have the right people to support the growth

You may have been able to do everything on your own up until now, to achieve the growth you are looking for, you will need the right people in the right places.

What do you need to delegate to get the space to be the leader.

❓Is it time to invest in some expert advice?

Do you have the right experts involved?
You are the expert in the products and services you sell,
You can't be an expert in marketing, accounting, and every other area of the business.

Invest in people who will enable the growth you are looking for and support you in achieving it

❓Do you understand your numbers?

Your numbers will help give you clarity on the way forward.
Understand more than just your profits and taxes.

❓The big question. What do you really want and why?

When you say you want to grow, do you have a clear picture of what you are aiming for?

“Bigger” is not necessarily “better”
More clients do not always mean more profit
More profit doesn't always mean a better lifestyle.

If you are trying to work things out and decide what the next step id for you and your business, get in touch.

We can help you understand your options and find the right path to achieving the business you dream of.

Address

Littlemead, Hollingdon
Leighton Buzzard
LU70DN

Opening Hours

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

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