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Hollingsworth & Co Ltd

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United Kingdom
Telford
Hollingsworth & Co Ltd

Chartered Accountants, Tax Advisors and Business Consultants
Over 30 Years of Service for Telford, Shropshire and the West Midlands Region

28/10/2026

Many in the construction industry think accounting is just about keeping track of costs. However, it plays a vital role in project success and financial stability.

Good accounting helps manage budgets, forecasts cash flow, and ensures timely payments. Neglecting it can lead to budget overruns, cash shortages, and project delays.

At Hollingsworth & Co, we specialise in accounting solutions for the construction sector. Our experienced team will help you streamline financial processes and keep your projects on track.

Don’t let financial mismanagement hinder your success. Contact us today to find out how we can assist your construction business!

👉🏻 Visit https://www.hollingsworthandco.co.uk/ for more information.

26/10/2026

This week at Hollingsworth & Co 💡
Late payments are critical for SMEs, risking survival and costing the UK economy £11 billion annually. Thegovernment's Commercial Payments Bill, introduced in May 2026, seeks a 60-day limit on payment terms and gives the Small Business Commissioner new powers. SMEs should adopt effective collection procedures: set clear payment terms, invoice promptly, ensure invoice clarity, offer diverse payment options, check customer credit, and automate reminders. How do you handle late payments? Share your thoughts below! 💬
Read the full article here: https://www.hollingsworthandco.co.uk/news/avoiding-late-payments-with-an-invoicing-strategy

23/10/2026

Wondering about Inheritance Tax? It's a common concern!

Inheritance Tax is charged on an estate after someone dies, but you typically won’t owe anything if the estate is valued below £325,000 or if everything above that threshold goes to a spouse, civil partner, or charity.

Failing to grasp these details can lead to unexpected tax bills and headaches for your loved ones.

At Hollingsworth & Co, we can help you:

- Understand the Inheritance Tax thresholds and exemptions
- Explore reliefs that can reduce your tax liability
- Guide you on gifting strategies to minimise potential tax
- Ensure proper reporting and compliance for your estate

Don’t leave your estate to chance! Contact us today for expert advice and peace of mind.

👉🏻 Find out more at: https://www.hollingsworthandco.co.uk/.

21/10/2026

Many in the healthcare sector believe that accounting is just a backend task. In reality, it is essential for effective financial management and patient care.

Accurate financial oversight helps track costs, manage budgets, and ensure compliance with regulations. Ignoring accounting can lead to cash flow issues, compliance penalties, and ultimately impact the quality of care provided.

At Hollingsworth & Co, we specialise in accounting solutions tailored for healthcare providers. Our expert team can help streamline your financial processes and improve your operational efficiency.

Don’t let financial mismanagement affect your practice. Contact us today to discover how we can support your healthcare organisation!

👉🏻 Visit https://www.hollingsworthandco.co.uk/ for more information.

19/10/2026

This week at Hollingsworth & Co 💡
A new electricity-cost relief initiative for small businesses, the British Industrial Competitiveness Scheme (BICS), began on 1 October and runs until 30 November 2026. Eligible manufacturers can reduce electricity costs by up to 25%, with additional lump-sum payments for those applying this year. BICS supports sectors defined by SIC and HS codes, requiring a minimum annual electricity use of 33 megawatt-hours. For details and applications, visit [gov.uk](https://apply-for-bics.service.gov.uk/). How could this scheme impact your business? Leave a comment below! ⚡
Read the full article here: https://www.hollingsworthandco.co.uk/news/small-manufacturers-can-apply-for-electricity-cost-relief

14/10/2026

Do you think cloud accounting is just a fancy trend?

Many business owners are hesitant to switch to cloud accounting, believing their current system is sufficient. However, cloud accounting offers real-time access to your financial information, enhancing efficiency, collaboration, and accuracy.

Ignoring the shift to cloud accounting can lead to outdated practices, increased errors, and missed opportunities for growth. Without this modern approach, you may struggle to keep up with your competition and make informed decisions.

At Hollingsworth & Co, we specialise in cloud accounting solutions that simplify your financial management. Our dedicated team will help you transition smoothly, ensuring you maximise the benefits of this powerful technology.

Don’t let traditional methods hold you back. Reach out to us today to learn how cloud accounting can transform your business!

👉🏻 Visit https://www.hollingsworthandco.co.uk/ for more information.

12/10/2026

This week at Hollingsworth & Co 💡
A new consultation aims to reform company reporting standards to promote economic growth while raising concerns. Key proposals include extending audit exemptions for medium-sized firms, a solvency-based profits regime, and simplifying micro-entity reporting. The government emphasizes clarity, flexibility, simplicity, proportionality, and future-readiness. Streamlining regulations for SMEs and enhancing self-regulation is also proposed. Changes may apply to LLPs, and the consultation closes on 30 November 2026. 📊 What are your thoughts on these proposed changes? Leave a comment below!
Read the full article here: https://www.hollingsworthandco.co.uk/news/consultation-on-modernising-corporate-reporting

09/10/2026

Confused about Capital Gains Tax? You're not alone!

Capital Gains Tax is charged on the profit made when selling or disposing of an asset that has increased in value. For instance, if you bought a painting for £5,000 and sold it for £25,000, your taxable gain is £20,000. Remember, it’s the gain, not the sale price, that gets taxed!

Ignoring your Capital Gains obligations can lead to unexpected tax bills and penalties.

At Hollingsworth & Co, we can help you:

- Understand what counts as an asset and what triggers Capital Gains Tax
- Determine your tax-free allowance and how to maximise it
- Navigate deductions and reliefs available to you
- Ensure timely reporting and compliance

Don’t leave your tax situation to chance! Contact us today for expert guidance.

👉🏻 Find out more at: https://www.hollingsworthandco.co.uk/.

07/10/2026

Many property landlords underestimate the importance of detailed accounting. They often think it's just about rent collection, but it goes much deeper.

Effective accounting involves tracking expenses, managing tax obligations, and maintaining cash flow. Without these, landlords can face significant issues like financial losses, tax penalties, and poor investment decisions.

At Hollingsworth & Co, we provide tailored accounting solutions for property landlords. Our experienced team will help you stay organised and compliant, allowing you to maximise your rental income.

Don't let financial mismanagement impact your investments. Contact us today to learn how we can support your property journey!

👉🏻 Visit https://www.hollingsworthandco.co.uk/ for more information.

05/10/2026

This week at Hollingsworth & Co 💡
Britain's workforce is struggling, with over 20% of working-age adults out due to ill-health and disability. Reports from Sir Charlie Mayfield highlight that around 300,000 people leave jobs yearly due to health issues, with low chances of return. Long-term absence harms confidence and mental health. Employers must enhance communication with absent workers and consider tailored health support. Prevention and early intervention are key. What strategies do you think could improve employee wellbeing? Share your thoughts below! 💬
Read the full article here: https://www.hollingsworthandco.co.uk/news/britain-s-insidious-long-term-workers-absence

Address

Coppice House, Halesfield 7
Telford
TF74NA

Opening Hours

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

Website

https://www.hollingsworthandco.co.uk/

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