Blue Arrow Accounting

Blue Arrow Accounting Chartered Tax Consultancy, Accounting and Bookkeeping services. Receipts. Invoices. Tax. Profits (we hope). It's about building YOUR business.

THE OUTSOURCER THAT BECOMES A PART OF YOUR TEAM...

Accountancy, Bookkeeping and Payroll services that enhance your business growth. Experiences that every business needs to manage from day one, but can be very tricky to handle. We believe in running smooth financial transactions that enable your business to not only stay compliant, but gives you the information you needs to help you to flourish.

It's not about handing over your details and seeing us at year end. We'll join your team, making tea, and be a part of the ups and downs that you and your business will experience as the years go on. Speak to Katie, available on 07586163444 or at [email protected]

🚨 LIMITED TIME ONLY: 10% OFF OUR SERVICES FOR A WHOLE YEAR 🚨If you’ve been thinking about getting your business finances...
17/06/2026

🚨 LIMITED TIME ONLY: 10% OFF OUR SERVICES FOR A WHOLE YEAR 🚨

If you’ve been thinking about getting your business finances sorted — this is your sign.
For the rest of this month, we’re giving new clients 10% off our services for an entire year. 🎉

Why? Because we seriously rate organised business owners who don’t leave things until the last minute. 👏

So whether you need help with: ✔️ Self assessments
✔️ Company accounts
✔️ Payroll
✔️ Tax advice
✔️ Ongoing support
…now’s the perfect time to jump in.

📅 Offer ends when the month does – don’t sleep on this!

📩 DM us or head to www.bluearrowaccounting.co.ukto claim your spot.

Thinking of paying yourself from your limited company?It’s not as simple as just transferring money to your personal acc...
15/06/2026

Thinking of paying yourself from your limited company?

It’s not as simple as just transferring money to your personal account.

(And HMRC definitely won’t see it that way either 👀)

Here’s how directors legally and strategically withdraw money from their company:

💷 1. Salary
A small salary is often the starting point.
You’ll need to:
→ Register the company for PAYE
→ Stay under National Insurance thresholds where possible
→ Submit payroll each month (or use software to automate it!)

It’s tax-efficient, gives you NI credit, and keeps things official.

💸 2. Dividends
Got profits left after tax? You can take those as dividends.
✅ First £500 is tax-free
✅ Anything after is taxed depending on your personal income band

BUT — you must declare dividends properly:
→ Hold a board meeting
→ Issue a dividend voucher
→ Keep records for HMRC

(Yes, even if you’re the only director.)

📝 3. Director’s Loan
Need to borrow money from your company short-term?
This can be done through a director’s loan account.
But here’s the catch:
⚠️ Overdraw it too long or too much = tax charges + interest
⚠️ It must be repaid within 9 months of year-end to avoid trouble

Use it with caution and keep clean records!

🧾 4. Reimbursing Yourself for Business Expenses
Paid for business costs personally?
→ Keep those receipts
→ Log them correctly
→ Get reimbursed (tax-free) from the business

This is the only way to make sure your company claims the tax relief — and you get your money back legally.

💡 Reminder:
Mixing up business and personal spending = a one-way ticket to an HMRC headache.

📩 If you're not sure how to structure this or want to keep it all compliant and tax-savvy, DM us. We can help you build a pay strategy that actually makes sense for you and your biz.

Ever feel that rush of panic when an HMRC letter lands on your doormat? 😬 Our clients often call us just to be sure it's...
12/06/2026

Ever feel that rush of panic when an HMRC letter lands on your doormat? 😬

Our clients often call us just to be sure it's nothing to worry about.

side note, please don't ignore a letter from HMRC—sometimes they're more important than you think!

Starting a new business?Compliance might sound boring — but it’s the backbone of running a legit, stress-free operation....
10/06/2026

Starting a new business?

Compliance might sound boring — but it’s the backbone of running a legit, stress-free operation.

And trust us, skipping it can get expensive real quick.

Here’s your no-fluff breakdown of what you actually need to do to stay compliant from day one: 👇

1️⃣ Pick your business structure
Are you a sole trader, setting up a limited company, or teaming up as a partnership?
This choice affects how you’re taxed, what you’re liable for, and what you’re legally responsible to do.
⚡ Not sure? Chat to an accountant first.

2️⃣ Register with the right people
🧾 Sole traders: Register for Self Assessment with HMRC
🏢 Limited companies: Register with Companies House and HMRC for Corporation Tax
💼 Hiring? Register as an employer and set up PAYE.

3️⃣ Don’t miss industry-specific licences
Depending on what you sell or do, you may need licences or permits.
(Think beauty, food, childcare, events etc.)

4️⃣ Stay on top of the paperwork
📅 File your annual accounts (for limited companies)
📊 Submit your tax return on time (Self-Assessment or Corporation Tax)
🧾 Keep clear, accurate financial records from day one — not six months in when it’s a mess.

5️⃣ Mind your data
If you collect or store any personal data (client info, emails, payment details), make sure you’re GDPR compliant.
Yes, even if you’re “just small.”

6️⃣ Think about trademarks & protection
Got a unique name, logo, or product?
It might be worth protecting it before someone else does.

7️⃣ Sort your insurance
Some industries legally require it. Even if they don’t, cover like professional indemnity or public liability can save you from major headaches.

✅ The bottom line?
Compliance doesn’t have to be overwhelming — especially if you tick things off early and get support when you need it.

📩 If you're unsure what's relevant for your business, drop us a message and we’ll talk you through it.

Do I really need an accountant yet?"If you've been asking yourself this lately — this post is your sign 👇You don’t need ...
08/06/2026

Do I really need an accountant yet?"

If you've been asking yourself this lately — this post is your sign 👇

You don’t need to wait until your business is making six figures to hire an accountant. In fact, the earlier you bring one in, the more time, money, and stress you’ll save down the line.

Here’s when you should start thinking about it:

✅ You’re registering as a sole trader or limited company
An accountant can help you register correctly, set up your taxes from day one, and make sure you’re not missing any startup allowances (like pre-trading expenses).

💸 You’ve started making consistent income
Once you’ve got regular clients or sales coming in, it’s time to start tracking income and expenses properly. Not a spreadsheet you made at 11pm — we mean real records.

You’re unsure about taxes
If phrases like “allowable expenses,” “VAT threshold,” or “National Insurance” make your stomach drop… it's time to call us.

🚀 You want to grow or go full-time
Accountants don’t just help with tax returns. They help you understand your numbers, set goals, make profit decisions, and grow without falling into a tax trap.

💀 You’re winging it and hoping HMRC doesn’t notice
We’ve seen this one too many times. And unfortunately, “I didn’t know” isn’t a defence when you’re being fined or investigated.

✨ The truth? Hiring an accountant early is an investment — not just an expense.

Most clients tell us they wish they’d done it sooner.

📥 Thinking about it? Drop us a message and we’ll let you know if it’s time — no pressure, no pushy sales.

📌 First things first — you can only charge VAT if you’re VAT registered.If you're not, don't go sticking VAT on your inv...
04/06/2026

📌 First things first — you can only charge VAT if you’re VAT registered.

If you're not, don't go sticking VAT on your invoices. That’s a fast track to trouble with HMRC.

Once you are VAT registered, here’s how it works:

You charge VAT on top of your price

Say you charge £1,000 for your service.

With VAT (currently 20%), your invoice total becomes:

👉 £1,000 + £200 VAT = £1,200 total

That extra £200? It’s not yours. You’re collecting it on behalf of HMRC — so make sure you don’t spend it.

Your invoice must show:

✅ Your business name and VAT number

✅ A breakdown of what you're selling

✅ The VAT rate (e.g. 20%)

✅ The total amount of VAT charged

✅ The grand total (including VAT)

This is what makes the invoice VAT compliant — so your clients (especially other VAT registered businesses) can reclaim the VAT on their end.

🔄 Got clients outside the UK?

It gets spicy. Some services might be zero-rated or outside the scope of UK VAT.

This is where you’ll want expert advice to avoid mischarging — and HMRC penalties.

📥 Still confused or not sure if you're charging VAT correctly?

We help clients set this up properly from day one — including invoice templates, the right software, and what to do with that money when it hits your account.

Schedule a free consultation today and we'll help get your money matters in order.

Let’s talk about what manual bookkeeping actually costs you 👇If you’re still juggling spreadsheets, manually tracking ex...
03/06/2026

Let’s talk about what manual bookkeeping actually costs you 👇

If you’re still juggling spreadsheets, manually tracking expenses, or “winging it” when it comes to your numbers, you’re likely leaving serious money on the table.

Here’s how:

🚫 Missed tax deductions because you forgot the receipts.

🚫 Chasing invoices late because there’s no automation.

🚫 Zero visibility over cash flow — so you’re spending blind.

🚫 Avoiding your finances completely because it feels too messy.

Meanwhile, our clients who use accountancy software like QuickBooks, Xero, or FreeAgent?

✔️ Know exactly where their money’s going

✔️ Claim everything they’re entitled to

✔️ Save hours every month

✔️ Avoid nasty surprises when doing their taxes

✔️ Have the confidence to grow, hire, and reinvest smartly

💡 Not sure where to start or which platform to choose?
We help clients set this up from scratch and teach them how to actually use it.

DM us “SOFTWARE” and we’ll walk you through the best option for your business — no jargon, no pressure.

Accounting Fundamentals Every Business Owner Needs to KnowRunning a business means wearing many hats, but understanding ...
22/05/2026

Accounting Fundamentals Every Business Owner Needs to Know

Running a business means wearing many hats, but understanding your numbers is non-negotiable. Here are the accounting basics you need to master to keep your business on track:

1️⃣ Know Your Key Financial Statements
Profit & Loss Statement (P&L): Tracks your income and expenses to show whether your business is profitable.
Balance Sheet: Provides a snapshot of your financial health by showing assets, liabilities, and equity.
Cash Flow Statement: Tracks the movement of money in and out of your business, helping you avoid cash flow issues.

2️⃣ Separate Business and Personal Finances
Keep your accounts separate! Open a dedicated business bank account to simplify tracking and ensure clean records for taxes.

3️⃣ Understand Tax Deadlines
Don’t miss critical dates like VAT returns, corporation tax payments, or Self Assessment deadlines. Late filings can result in penalties and added stress.

4️⃣ Track Your Expenses
Every pound matters! Regularly track your expenses to ensure you’re claiming all allowable deductions and managing your cash flow effectively.

5️⃣ Learn Basic Bookkeeping
Record all transactions: income, expenses, and payments.
Use software like QuickBooks, Xero, or FreeAgent to make bookkeeping easier and less time-consuming.

6️⃣ Cash Flow is King
A profitable business can still fail if it runs out of cash. Regularly review your cash flow to ensure you have enough to cover your expenses, pay staff, and invest in growth.

7️⃣ Understand Your Break-Even Point
Know how much you need to sell or bill just to cover your costs. Anything above this is profit—it’s a critical number for pricing and planning.

💡 Why It Matters:

Strong accounting skills let you make better decisions, spot growth opportunities, and avoid financial disasters.

📩 Need help mastering the numbers? We’re here to make accounting easier so you can focus on growing your business. DM us or book a call today!

Freedom? More like 14-hour days, 7 days a week, fuelled by caffeine and questionable life choices. ☕😂
20/05/2026

Freedom? More like 14-hour days, 7 days a week, fuelled by caffeine and questionable life choices. ☕😂

🎯 Can’t afford your self-assessment tax bill? Don’t bury your head in the sand—here’s what you need to do:1️⃣ Speak to H...
18/05/2026

🎯 Can’t afford your self-assessment tax bill? Don’t bury your head in the sand—here’s what you need to do:

1️⃣ Speak to HMRC ASAP:
Set up a Time to Pay Arrangement to spread the cost into manageable monthly payments.

2️⃣ Double-Check Your Return:
Make sure you’ve claimed all possible expenses and reliefs that could reduce your bill.

3️⃣ Prioritise & Plan:
Reassess your cash flow and budget to find funds without overstretching yourself.

If you miss the 31 January deadline, interest and penalties will start stacking up, so the sooner you act, the better.

Address

1 Sunrays, East Street
Mayfield
TN206TZ

Opening Hours

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

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