Figures (UK) Accountancy Services

Figures (UK) Accountancy Services Figures UK takes a different approach to company book keeping and accountancy work

CIS headaches slowing down your projects? Get expert help with CIS returns and tax compliance, without the jargon. Our t...
16/06/2026

CIS headaches slowing down your projects? Get expert help with CIS returns and tax compliance, without the jargon. Our team works with construction businesses across Peterborough and Market Deeping to keep things simple, accurate, and fully compliant. Want monthly support and clear advice, all for a fixed fee? Call Figures UK on 01778 252712 and let’s take the stress out of your accounts.

**Margin Scheme for Used Cars: Motor Trade VAT Simplified**Running a motor trade business? The Margin Scheme for used ca...
15/06/2026

**Margin Scheme for Used Cars: Motor Trade VAT Simplified**

Running a motor trade business? The Margin Scheme for used cars works the same way as for second-hand goods—you only pay VAT on your profit margin, not the full selling price. This can significantly reduce your VAT liability.

**Real-life example:**
Tom runs a used car dealership. He buys a car for £5,000 and sells it for £7,500. Using the Margin Scheme, he only pays VAT on the £2,500 profit, not the £7,500 sale price. Over a year with multiple sales, this approach saves him thousands in VAT and simplifies his accounting.

**Who benefits?** Motor trade businesses buying and selling used vehicles looking to optimize VAT and reduce admin.

Want to explore if this scheme could benefit your motor trade business? Call us on 01778 252712 or message us—we specialize in motor trade accounting.

**VAT Group Registration: Simplify VAT for Related Businesses**If you run multiple related businesses, VAT Group Registr...
14/06/2026

**VAT Group Registration: Simplify VAT for Related Businesses**

If you run multiple related businesses, VAT Group Registration could simplify your VAT compliance significantly. It allows you to treat all group members as a single entity for VAT purposes, reducing administrative burden and potentially lowering your overall VAT liability.

**Real-life example:**
Rachel owns a property management company and a lettings agency. By registering as a VAT group, both businesses are treated as one for VAT purposes. This means one VAT return instead of two, simplified invoicing between group members, and better cash flow management. The reduced admin saves her time and money.

**Who benefits?** Businesses with multiple related entities looking to streamline VAT compliance and reduce admin.

Running multiple businesses and want to explore VAT Group Registration? Call us on 01778 252712 or message us—we'll review your structure and advise if it's suitable.

**Postponed VAT Accounting (PVA) for Imports: Manage Your Cash Flow**If you import goods into the UK, Postponed VAT Acco...
13/06/2026

**Postponed VAT Accounting (PVA) for Imports: Manage Your Cash Flow**

If you import goods into the UK, Postponed VAT Accounting (PVA) could be a game-changer for your cash flow. Instead of paying VAT upfront on imports, you can defer it and account for it on your VAT return, improving your working capital.

**Real-life example:**
David imports manufacturing components from overseas for his engineering business. Using PVA, he no longer pays VAT immediately on import. Instead, he accounts for the VAT on his quarterly return, which significantly improves his cash flow and reduces the need for short-term financing.

**Who benefits?** Importers looking to improve cash flow and simplify import VAT accounting.

Importing goods and want to understand how PVA could help your business? Call us on 01778 252712 or message us—we'll explain the process and benefits.

Day 1: What Can a Limited Company Claim as Expenditure?Running a limited company comes with a major advantage: you can c...
12/06/2026

Day 1: What Can a Limited Company Claim as Expenditure?

Running a limited company comes with a major advantage: you can claim legitimate business expenses against your profit, reducing your tax bill. But what counts?

Common claimable expenses include:
• Office supplies and equipment
• Staff salaries and employer's NI
• Professional fees (accountants, solicitors)
• Vehicle running costs (fuel, maintenance, insurance)
• Premises costs (rent, rates, utilities)
• Marketing and advertising
• Training and professional development
• Insurance (public liability, professional indemnity)

The golden rule: if it's ordinary and necessary for running your business, it's likely claimable. Keep records and receipts—HMRC takes this seriously.

With a directors £40,000 net income, strategic expense management is crucial. Let's explore how over the next week the best way to achieve this tax efficiently .

Questions? Message us or call 01778 252712. We're here to help you keep more of what you earn.

Day 1: What Can Your Limited Company Claim as Expenditure?Running a limited company? Here's the good news: you can claim...
11/06/2026

Day 1: What Can Your Limited Company Claim as Expenditure?

Running a limited company? Here's the good news: you can claim legitimate business expenses against your profit, which reduces your tax bill. But what actually counts?

Common claimable expenses include:
• Office supplies and equipment
• Staff salaries and employer's NI
• Professional fees (accountants, solicitors)
• Vehicle running costs (fuel, maintenance, insurance)
• Premises costs (rent, rates, utilities)
• Marketing and advertising
• Training and professional development
• Insurance (public liability, professional indemnity)

The golden rule: if it's ordinary and necessary for running your business, it's likely claimable. Keep your receipts though—HMRC takes this seriously.

With £40,000 net income, smart expense management is crucial. Over the next week, we're sharing strategies to help you keep more of what you earn.

Got questions? Drop us a message or call 01778 252712. We're here to help! 💼

Here's the truth: most business owners pay more tax than they need to.Not because they're doing anything wrong—they're j...
10/06/2026

Here's the truth: most business owners pay more tax than they need to.

Not because they're doing anything wrong—they're just missing the smart planning opportunities that could save them thousands.

That's where proactive accounting comes in. When we work with you monthly (not just at year-end), we spot these opportunities early. We can advise on director pay, pension contributions, dividend strategy, and more—all designed to keep more money in your business.

It's not about cutting corners. It's about being strategic.

Ready to optimise your tax position? Call us on 01778 252712 or send a message. Let's talk strategy.

Day 2: The Power of Director's SalaryHere's a strategy many limited company directors miss: optimizing your salary.With ...
10/06/2026

Day 2: The Power of Director's Salary

Here's a strategy many limited company directors miss: optimizing your salary.

With £40,000 net profit, you have choices on how to extract money. If you take it all as salary, you'll pay:
• Income tax
• Employee's National Insurance
• Employer's National Insurance

That's a significant chunk gone before it reaches your pocket.

The smarter approach? Take a modest salary (the personal allowance is currently £12,570), then take the rest as dividends. Dividends are taxed at a lower rate than salary, and you avoid National Insurance contributions.

Real example: £12,570 salary + £27,430 dividends = more money in your pocket than taking £40,000 as salary.

This isn't tax avoidance—it's tax efficiency. HMRC approves it. But the numbers need to work for your specific situation, and you need proper records.

That's where we come in. We'll review your numbers and show you the tax saving.

Want to chat about your situation? Message us or call 01778 252712 for a free consultation. 📞

Day 3: Understanding DividendsDividends are the most tax-efficient way to extract profit from your limited company. Let'...
08/06/2026

Day 3: Understanding Dividends

Dividends are the most tax-efficient way to extract profit from your limited company. Let's break it down.

A dividend is a distribution of company profit to shareholders (that's you). Unlike salary, dividends:
• Aren't subject to National Insurance
• Are taxed at a lower rate (8.75% basic rate vs 20% income tax)
• Give you flexibility on timing

But here's the important bit: you can only pay dividends from available profits. You need:
1. Retained earnings in the company
2. A dividend declaration (proper paperwork)
3. Enough cash to actually pay it

Common mistake we see: Directors pay themselves dividends without checking if the company has the profit to support it. HMRC doesn't like that, and neither do we.

With £40,000 net profit, you likely have room to pay dividends. But the exact amount depends on your company's financial position.

This is where professional advice really pays for itself. One wrong move costs more than our fees.

Ready to get this right? Call 01778 252712 or message us today. Let's make sure you're doing this properly. ✅

Day 4: Pension Contributions—Tax Relief GoldHere's a strategy that's often overlooked: pension contributions.When your l...
07/06/2026

Day 4: Pension Contributions—Tax Relief Gold

Here's a strategy that's often overlooked: pension contributions.

When your limited company makes a pension contribution on your behalf, it's:
• A deductible business expense (reduces company profit)
• Not taxable income to you
• Building your retirement pot

This is one of the most tax-efficient ways to extract value from your company.

Real example: Your company contributes £10,000 to your pension.
• Company saves £2,000 in corporation tax (19% rate)
• You get £10,000 added to retirement savings
• No National Insurance to pay

Compare that to taking £10,000 as salary—you'd pay tax and NI, leaving you with roughly £7,500. That's a big difference.

With £40,000 net profit, pension contributions can be a game-changer. You're building wealth for retirement while reducing your tax bill today.

There are limits (annual allowance, lifetime allowance rules), so it's not unlimited. But for most directors, there's definitely room to maneuver.

Want to explore this option? We'll run the numbers and show you the tax saving.

Call 01778 252712 or message us for a free review. 💰

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Eventus Business Centre, Sunderland Road
Peterborough
PE68FD

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Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 4pm

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