Tilley's Accountancy

Tilley's Accountancy Accountancy company based in Littlehampton offering low cost services which save your company time

Making Tax Digital (MTD) is coming… are you ready? 📊MTD for Income Tax will change how self-employed individuals and lan...
30/03/2026

Making Tax Digital (MTD) is coming… are you ready? 📊

MTD for Income Tax will change how self-employed individuals and landlords report their income to HMRC.

📅 Key dates:
• From April 2026 — Income over £50,000
• From April 2027 — Income over £30,000

Instead of one yearly tax return, you’ll need to:
✔ Keep digital records
✔ Send quarterly updates
✔ Use software (such as Xero)

💡 Top tips to prepare:
• Keep your records up to date
• Use a separate business bank account
• Store receipts digitally
• Ask questions early if you’re unsure

We’re already helping affected clients get ready — and we’re here to support you too.

📩 Get in touch if you’d like to check whether MTD applies to you.

XeroUK TaxTipsUK AccountantsUK

06/03/2026

Statutory Sick Pay rules may be changing — and it could affect small businesses.

Currently, SSP is paid from Day 4 of sickness.
Under proposed reforms, employees could receive sick pay from Day 1.

For employers, this could mean:
• Higher payroll costs
• More short-term absence costs
• Reviewing sickness policies

While the changes aren’t fully implemented yet, it’s important for businesses to start preparing.

If you employ staff and want to understand how this could affect your payroll and costs, we’re here to help.

📩 Send us a message or get in touch.

AccountantsForBusiness

One of the most common messages we get is:“Nothing changed… so why is my tax bill higher?” 😬Tax is based on profit, timi...
04/02/2026

One of the most common messages we get is:
“Nothing changed… so why is my tax bill higher?” 😬

Tax is based on profit, timing and rules — not just how busy you felt or how much was in the bank.

Understanding why it went up is the first step to planning better for the next year.

📩 If your tax bill caught you off guard, we can talk it through.

One of the most common questions we get 👇“How should I pay myself from my business?”The answer depends on how you’re set...
22/01/2026

One of the most common questions we get 👇
“How should I pay myself from my business?”

The answer depends on how you’re set up:

➡️ Limited company director
The most tax-efficient approach is usually:
• A small salary (often around the personal allowance level)
• Then dividends on top
This keeps tax and National Insurance lower while staying compliant.

➡️ Self-employed / sole trader
You don’t pay yourself a “salary”.
You take drawings from the business, and tax is calculated on your profits, not what you withdraw.

The key difference?
Knowing what you owe before HMRC tells you.

Paying yourself properly =
✔️ No nasty tax surprises
✔️ Better cash flow
✔️ Confidence in what you can actually spend

If you’re unsure whether you’re doing this in the best way, it’s worth checking — small changes can make a big difference.

📞 Book a discovery call via the link in our bio

SelfEmployedUK UKAccountants BusinessMoney

16/01/2026

Running a business is hard enough.
Your finances shouldn’t be.

Book in a discovery call today via our website:
www.tilleysaccountancy.co.uk

The Self Assessment deadline always creeps up faster than expected. A little prep now can save a lot of stress later — a...
09/01/2026

The Self Assessment deadline always creeps up faster than expected. A little prep now can save a lot of stress later — and make sure you’re not overpaying tax.

If you’re doing it yourself this year, take it step by step and don’t forget the small things — they add up 👀

UKBusiness

07/01/2026

Most self-employed people think £312 is the home office allowance.

It isn’t.
It’s just a flat rate shortcut — and for many people, it massively undervalues what they’re actually allowed to claim.

If you work from home and:
• use a room in your home for business
• work from home most days
• have rising household bills
…there’s a very good chance you’re underclaiming.

Here at Tilleys we have just come across a really good app called TaxMate that calculates actual home office usage properly, instead of relying on a one-size-fits-all number.

For some people, the difference is hundreds of pounds every year.

Check before your next tax return 👇
Link in bio ✨

Christmas is almost here! 🎅✨Here’s a quick heads-up on our festive deadlines and opening hours so everything stays on tr...
19/12/2025

Christmas is almost here! 🎅✨

Here’s a quick heads-up on our festive deadlines and opening hours so everything stays on track over the holidays 👇

📅 Last day for queries: 23rd December
📧 Emails after this will be picked up from 27th December
🎆 Closed New Year’s Eve & New Year’s Day

💷 Payroll deadlines
✔️ Before Christmas: info due by Sunday 21st
✔️ After Christmas: info due by Sunday 28th

📊 VAT returns due 7th January
We’ll be in touch this week for any final queries and back to bookkeeping from 27th December.

Wishing all our clients a very Merry Christmas & a Happy New Year 🎄

Thank you for your continued support 🤍

Bookkeeping

🔎 Autumn Budget 2025: What Small Businesses Need to KnowThe Chancellor has delivered the Autumn Budget, and there are a ...
26/11/2025

🔎 Autumn Budget 2025: What Small Businesses Need to Know

The Chancellor has delivered the Autumn Budget, and there are a few key updates every small business and sole trader should have on their radar:

✨ Tax thresholds frozen again – meaning more income may fall into higher tax bands.

✨ Minimum Wage Increase – from April 2025, the National Living Wage will rise again, increasing employment costs for many businesses. If you employ staff, now’s the time to review payroll budgets.

✨ National Insurance tweaks – small reductions for the self-employed and employees.

✨ Full Expensing extended – great news for limited companies investing in equipment.

✨ Business rates support – continued relief for small high-street businesses.

✨ Making Tax Digital updates – timelines reconfirmed, so preparation is key!

At Tilley’s Accountancy, we’ll be breaking everything down over the next week so you know exactly how the changes affect you and your business.

If you’d like tailored advice or help planning for the year ahead, just drop us a message 💬

✨ Budget Day is here!We’ll be breaking down the key changes and what they mean for small businesses. Keep an eye on our ...
26/11/2025

✨ Budget Day is here!

We’ll be breaking down the key changes and what they mean for small businesses.

Keep an eye on our page for updates throughout the day.

13/11/2025

Making tax digital is nearly here! Are you going to be ready? 🫣📈

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Littlehampton

Telephone

01243645076

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