The Accounting Equation

The Accounting Equation 📊 Accountants for small biz & Ltd companies
✔️ Friendly advice
🔔 Making Tax Digital support
📍 Penzance, Cornwall
💬 DM us about your 2025/26 returns
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MAY, the month we became Insta-famous..! 400 followers & 1.5 million views later… getting a bit silly on Reels is what ...
29/05/2026

MAY, the month we became Insta-famous..!
400 followers & 1.5 million views later… getting a bit silly on Reels is what the algorithm wanted from us all along.

This month Lou was on fire, being awarded MVP again at Roller Derby, smashing out self assessments & surfing with the Ladies club at Sennen.

One comment on our viral reel asked how she manages to look so young, and all we can say is Roller Derby & salty Cornish sea air.. 👌

Well done Lou, this month is for you! 🛼

Accountants Penzance Cornwall

One of the biggest surprises for newly self-employed people?Discovering their January tax payment is often much bigger t...
28/05/2026

One of the biggest surprises for newly self-employed people?

Discovering their January tax payment is often much bigger than expected 😅

That’s because many people don’t just pay their tax bill for the previous year. They may also have to make a Payment on Account, which is an advance payment towards the following year’s tax too.

This can come as a real shock if you’re not aware it’s coming, especially in your first few years of self-employment.

It’s also one of the reasons behind Making Tax Digital, which aims to give people a clearer picture of their tax throughout the year, rather than leaving them with one large surprise at the deadline.

If you’re self-employed and unsure how Payments on Account or Making Tax Digital affect you, The Accounting Equation are always happy to explain things in plain English 🙂

📞01736 330386


Accountants Cornwall | Penzance | Tax Returns | Making Tax Digital

The UK tax system has a particularly nasty surprise hiding between £100,000 and £125,140 earners… and most of you don’t ...
27/05/2026

The UK tax system has a particularly nasty surprise hiding between £100,000 and £125,140 earners… and most of you don’t realise.

Because your personal allowance gets reduced as income rises above £100k, the effective tax rate in this bracket becomes a staggering 62%. 😵‍💫

Add in the potential loss of childcare support, and a pay rise can sometimes feel surprisingly unrewarding.

But there is good news! With proactive planning, there are often ways to reduce the impact through pension contributions, salary sacrifice and other tax-efficient strategies.

If your income is approaching six figures, now is the time to plan ahead.

📩 Get in touch with a member of our team.
📞01736 330386

Accounting Services Penzance Cornwall

After staying frozen at 45p per mile since 2011, HMRC’s approved mileage allowance is finally increasing to 55p per mile...
26/05/2026

After staying frozen at 45p per mile since 2011, HMRC’s approved mileage allowance is finally increasing to 55p per mile for the first 10,000 business miles. 🚗

For businesses and employees regularly using their own vehicles for work, this could make a real difference.

And if you’re not sure how the changes affect you, your business, payroll or mileage claims… we can help.

💬Chat with us 07754 172982

Accounting Services Penzance Cornwall

Please note the office will be closed on Monday May 25th for the bank holiday.Back to work as normal on Tuesday.Enjoy yo...
22/05/2026

Please note the office will be closed on Monday May 25th for the bank holiday.

Back to work as normal on Tuesday.

Enjoy yourselves! 🍾

[email protected]

Accountants Cornwall Penzance | Cornwall Business

Payroll rules change and if you’re not reviewing things regularly, it’s easy to fall behind.We’ll keep you up to date ✔️...
19/05/2026

Payroll rules change and if you’re not reviewing things regularly, it’s easy to fall behind.

We’ll keep you up to date ✔️

✉️[email protected]


Accountant Cornwall Penzance

What we hear from new clients all the time:“I never hear back”“It’s always rushed in January”“I don’t know what I owe”“I...
15/05/2026

What we hear from new clients all the time:

“I never hear back”
“It’s always rushed in January”
“I don’t know what I owe”
“I don’t know my numbers”

This isn’t normal but it can be quite common.
If you’re a bit fed up with it, get in touch with us 🙂

💬07754 172982
📞01736 330386

Accountant Cornwall Penzance Accounting Services

Tax return dread? 👀Whether you’re working with one of our Millennial or Gen Z accountants we’ll get the job done well! E...
13/05/2026

Tax return dread? 👀

Whether you’re working with one of our Millennial or Gen Z accountants we’ll get the job done well!

Email [email protected]

Accountant Cornwall
Penzance
Accountants in Penzance

Address

First Floor Front Office, 13-14 Market Place
Penzance
TR182JB

Opening Hours

Monday 8:30am - 4:30pm
Tuesday 8:30am - 4:30pm
Wednesday 8:30am - 4:30pm
Thursday 8:30am - 4:30pm
Friday 8:30am - 4:30pm
Saturday 9am - 1pm

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