Hollingsworth & Co Ltd

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

This week at Hollingsworth & Co 💡A major police offensive targeting dodgy shops linked to organised crime has been launc...
01/06/2026

This week at Hollingsworth & Co 💡
A major police offensive targeting dodgy shops linked to organised crime has been launched, involving raids, closures, and cash seizures. New officers will be recruited nationwide to gather intelligence and combat this issue. The National Crime Agency reports that £12 billion in criminal cash is generated annually in the UK, often laundered through high street businesses. Additionally, £6 million will be allocated to Trading Standards for their response. Business leaders support these efforts. 💼 What are your thoughts on this initiative? Leave a comment below!
Read the full article here: https://www.hollingsworthandco.co.uk/news/nationwide-crackdown-on-dodgy-high-street-shops

Are you ready for Making Tax Digital (MTD)? Many sole traders and landlords are unsure about needing compatible software...
29/05/2026

Are you ready for Making Tax Digital (MTD)? Many sole traders and landlords are unsure about needing compatible software to report their income.

From 6 April 2026, if your income exceeds £50,000, you must use MTD-compliant software to keep digital records, send quarterly updates to HMRC, and submit your tax return.

Neglecting to prepare could lead to compliance issues and penalties down the line.

Here’s how Hollingsworth & Co can assist you:

- Help you choose the right software for your needs
- Guide you through setting up digital records
- Ensure you understand how to send quarterly updates
- Provide ongoing support as your business evolves

Don’t wait until the last minute. Contact us today to get started with MTD! 📞💼

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

Many in healthcare believe that accounting is a minor detail, but it’s vital for operational success. Accurate financial...
27/05/2026

Many in healthcare believe that accounting is a minor detail, but it’s vital for operational success.

Accurate financial management is essential for budgeting, compliance, and resource allocation. Without it, healthcare providers risk financial instability, compliance issues, and reduced patient care quality.

At Hollingsworth & Co, we specialise in accounting solutions tailored for the healthcare sector. Our expert team can help streamline your finances and ensure you meet all regulatory requirements.

Don’t let financial mismanagement hinder your mission. Contact us today to find out how we can support your organisation!

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

This week at Hollingsworth & Co 💡The government has partnered with Wayve, a British firm focused on self-driving vehicle...
25/05/2026

This week at Hollingsworth & Co 💡
The government has partnered with Wayve, a British firm focused on self-driving vehicle technology. This collaboration aims to advance research for automated vehicles, fostering new investments, skilled jobs, and long-term growth in the UK’s automotive sector. A Memorandum of Understanding outlines the joint efforts to progress from prototypes to commercial deployment of self-driving cars. 🚗 What are your thoughts on the future of self-driving technology? Share your comments below!
Read the full article here: https://www.hollingsworthandco.co.uk/news/government-commits-to-self-driving-technology

Are you prepared for Making Tax Digital (MTD)? Many sole traders and landlords are unaware of the upcoming changes in ho...
22/05/2026

Are you prepared for Making Tax Digital (MTD)? Many sole traders and landlords are unaware of the upcoming changes in how they report income.

Starting from 6 April 2026, if your annual income from self-employment and property exceeds £50,000, you’ll need to adopt MTD. This means using compatible software to manage your financial records, send quarterly updates to HMRC, and submit your tax return.

Ignoring these requirements can lead to complications and potential penalties.

Here’s how Hollingsworth & Co can support you:

- Help you choose the right software for MTD
- Guide you on creating and storing digital records
- Assist with submitting your quarterly updates
- Provide clarity on your responsibilities

Don’t wait until the deadline. Contact us today to ensure you're ready for MTD! 📞💼

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

Are you putting off thinking about your pension because it feels too far away? Many people believe that retirement plann...
20/05/2026

Are you putting off thinking about your pension because it feels too far away?

Many people believe that retirement planning can wait, but starting early is key to securing your financial future. A pension is more than just savings; it’s a vital part of your overall retirement strategy, helping you maintain your lifestyle when you stop working.

Ignoring your pension now can lead to serious risks later, such as not having enough funds to support your desired retirement lifestyle, increased financial stress, and lost opportunities for growth.

At Hollingsworth & Co, we specialise in guiding you through the complexities of pension planning. Our knowledgeable team works with you to create a personalised plan that fits your goals and ensures a stable financial future.

Don’t delay your peace of mind. Contact us today to get started on your pension planning and take a step towards a secure retirement!

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

This week at Hollingsworth & Co 💡The British Beer and Pub Association reported 161 pub closures in Q1 2026, resulting in...
18/05/2026

This week at Hollingsworth & Co 💡
The British Beer and Pub Association reported 161 pub closures in Q1 2026, resulting in 2,400 job losses, primarily in Scotland. Chief executive Emma McClarkin highlighted that while pubs are busy, high taxes are crippling profits. The BBPA is advocating for a tax overhaul to bolster the sector. A 15% relief on business rates for pubs started in April, along with alcohol duty cuts. Despite this, rising costs and changing consumer habits pose challenges. How do you think we can better support our pubs? Share your thoughts below! 🍻
Read the full article here: https://www.hollingsworthandco.co.uk/news/pub-closures-blamed-on-costs-and-disproportionate-tax-burden

Are you aware of Capital Gains Tax? Many business owners are surprised to learn they may owe tax on profits from selling...
15/05/2026

Are you aware of Capital Gains Tax? Many business owners are surprised to learn they may owe tax on profits from selling business assets.

If you sell or dispose of assets like land, buildings, or even shares, you could trigger Capital Gains Tax. The gain is typically the difference between what you bought the asset for and what you sold it for.

Neglecting to account for this tax can lead to unexpected bills and penalties.

Here’s how Hollingsworth & Co can assist you:

- Help you calculate your gains accurately
- Identify deductible costs to reduce your taxable amount
- Explain available reliefs to minimise your tax liability
- Guide you through the reporting process

Don’t let Capital Gains Tax catch you off guard. Contact us today for expert advice! 📞💼

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

Do you think budgeting is just for people who are struggling financially? Many people see budgeting as a restrictive pro...
13/05/2026

Do you think budgeting is just for people who are struggling financially?

Many people see budgeting as a restrictive process, but it's actually a powerful tool for achieving your financial goals. A well-crafted budget helps you track your spending, plan for expenses, and save for the future. It’s about empowering yourself to make informed decisions.

Neglecting to create a budget can lead to overspending, unexpected debt, and missed opportunities to save for important milestones—like a home, education, or retirement.

At Hollingsworth & Co, we specialise in helping individuals and businesses develop effective budgeting strategies that align with their unique goals. Our expert team will guide you through the process and provide ongoing support to ensure your financial health.

Don’t let financial uncertainty hold you back. Reach out to us today and take control of your budget for a brighter future!

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

This week at Hollingsworth & Co 💡The Renters’ Rights Act, effective from 1 May 2026, drastically changes renting in Engl...
11/05/2026

This week at Hollingsworth & Co 💡
The Renters’ Rights Act, effective from 1 May 2026, drastically changes renting in England. Key changes include the abolition of Section 21, preventing landlords from ending tenancies without valid reasons, and converting all assured shorthold tenancies to assured periodic tenancies, enhancing tenant security. Landlords must review eviction processes and provide tenants with the official Renters’ Rights information by 31 May 2026 to avoid fines. Have you prepared for these upcoming changes? Share your thoughts in the comments below! 🏡
Read the full article here: https://www.hollingsworthandco.co.uk/news/renters-rights-act-key-actions-for-landlords

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