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P&L Accountancy & Bookkeeping Limited

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P&L Accountancy & Bookkeeping Limited

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I offer accountancy services to all types of businesses, small and large. Please contact me for a free, no obligation initial meeting.

I can help you with your bookkeeping through to preparing our accounts and filing your personal tax return. I can take your accounting records in whatever format you have (excel spreadsheets, computer accounting package, even a carrier bag of receipts!) and prepare your accounts whether they be sole trader, partnership or limited company accounts. I can also help with tax returns; corporation tax returns based on the company accounts or self assessment returns for the individual. My aim is to explain your accounts and tax return into language that you can understand and not accountancy jargon!

28/10/2026

THE BUDGET IS HERE – BUT WHAT DOES IT ACTUALLY MEAN FOR YOUR BUSINESS?

The Chancellor has delivered the Autumn Budget 2026, and there are some important changes that small business owners, sole traders, employers and landlords need to know about!

As a small business owner myself, I know that when the Budget is announced, it's not just about the headlines – it's about what the changes actually mean for your business and your finances.

This year's announcements are a bit of a mixed bag!

* An increase in the trading allowance – good news for side hustles!

* Higher tax-free business mileage rates.

* Minimum wage increases – meaning higher payroll costs for employers.

* Changes to Business Asset Disposal Relief – important if you're thinking of selling your business.

* Higher income tax rates for landlords.

* More changes to tax payments and digital invoicing on the horizon.

Some changes are welcome news, while others could mean additional costs or a need to rethink your financial plans.

Swipe through for a breakdown of some of the key announcements

The good news is that many of these changes aren't happening straight away, so there's time to prepare.

Not sure what the Budget means for you or your business?

Please get in touch. We're here to help you understand the changes and what they mean for your finances.

23/10/2026

100 DAYS TO GO!

Yes, that's right… just 100 days until the Self Assessment tax return deadline on 31 January 2027!

I know January still feels a long way off, especially when we're only just getting through October, but trust me, it will be here before we know it!

And whilst leaving your tax return until January might be tempting, getting it sorted now means:

✅ One less thing on your to-do list

✅ Knowing how much tax you owe well before the payment deadline

✅ More time to budget for your tax bill

✅ No last-minute panic trying to find missing paperwork!

Remember, filing your tax return early doesn't mean you have to pay your tax early!

At P&L Accountancy & Bookkeeping, we're here to take the stress out of tax returns, so you can focus on running your business (and enjoying Christmas without your tax return hanging over you! ).

Haven't started yours yet? Get in touch and let's get it sorted!

20/10/2026

Thinking of putting your prices up? Here are 5 things I'd check first!

Increasing your prices can feel daunting, especially when you've worked hard to build good relationships with your customers.

But here's the thing… being busy doesn't always mean you're making a profit!

With business costs continuing to rise, it's important to make sure you're not just working harder for less money.

Before making any changes, I'd recommend looking at:

✅ Your costs – Have your expenses increased, eating into your profits?

✅ Your profit – Are you actually making enough money after covering your costs?

✅ Your time – Are you accounting for all those hours spent on admin, emails and the little jobs behind the scenes?

✅ Your competitors – What are similar businesses charging, and what makes your offering different?

✅ Your customers – How will you communicate any price increases clearly and professionally?

Remember, you don't have to be the cheapest to be successful. Your time, experience and expertise all have value!

Running a business should be about more than just covering your costs. You deserve to make a profit too!

At P&L Accountancy & Bookkeeping, we're here to help you understand your numbers and make confident decisions about your business.

Not sure whether you're charging enough? Get in touch for a chat!

16/10/2026

£200 donated, thanks to my lovely clients!

A few months ago, I decided to try something a little different. I promised to donate £10 to charity for every client who sent me their tax return paperwork by the end of August.

And I’m really pleased to say that I’ve now donated £200 to the Just Finance Foundation!

I chose this charity because financial education is something I feel really strongly about, particularly when it comes to teaching children about money.

My own children have two accountants as parents (lucky them!), so conversations about money, tax and budgeting are quite normal in our house!

Although that doesn’t mean they always take our advice!

I’ve discovered that explaining to my child why spending more than a week’s pocket money on sweets in one go isn’t a great financial decision is far more effective than simply telling them not to eat so much sugar!

It’s these little lessons that help children understand the value of money, the importance of saving and why we can’t always have everything we want.

But I also appreciate that not every family feels confident having these conversations, which is why the work the Just Finance Foundation does in schools is so valuable.

A massive thank you to everyone who got their paperwork in early. Not only did you make my life a little easier (and help avoid the January tax return madness!), but you’ve also helped support a cause that’s important to me

13/10/2026

Is your bookkeeping getting a little out of control?

Running a business is busy enough without worrying about receipts, unpaid invoices and looming tax deadlines!

Sound familiar?

Drowning in receipts? You keep meaning to get your bookkeeping up to date, but there's always something more urgent to do.

Customers not paying on time? You're struggling to keep track of who's paid and who still owes you money.

Tax deadlines creeping up? You're rushing around at the last minute trying to get everything ready.

The good news? It doesn't have to be this stressful!

Keeping your bookkeeping up to date little and often can make a huge difference. You'll have a clearer picture of your finances, better control over your cash flow and fewer last-minute panics.

At P&L Accountancy & Bookkeeping, we understand that bookkeeping isn't everyone's favourite job (although we quite enjoy it!).

If your bookkeeping has got away from you, we're here to help you get back on track.

Get in touch for a friendly chat about how we can help take the stress out of your bookkeeping.

10/10/2026

Running your own business is rewarding… but it can also be exhausting!

As a small business owner, it can be difficult to switch off. There's always something that needs doing, another email to answer or another job to tick off the list!

One of the things I've learnt is that you can't do everything yourself – and you shouldn't have to!

Over the past year, I've started making changes, including getting some extra support with the business. And it's made such a difference!

It's given me more time to focus on the things that matter, both in my business and at home.

As accountants, we're often talking about making your business more profitable, but there's something just as important – making sure your business works for you, rather than the other way around.

Sometimes investing in a little help is one of the best decisions you can make.

If you run your own business, what's one thing you wish you could take off your to-do list?

06/10/2026

Did you know some self-care costs can be paid for by your company without creating a taxable benefit?

Looking after yourself and your team is important, and there are a few health-related expenses where the tax rules can be surprisingly helpful.
For example:

Flu vaccinations – your company can generally pay for an annual seasonal flu vaccination without it being treated as a taxable benefit.

Eye tests – if you regularly use a computer or screen for work, your company can usually cover a qualifying eye test.

Annual health screening – one health-screening assessment or medical check-up per tax year can normally be provided without creating a taxable benefit.

But it’s important to remember that not every health or wellbeing cost qualifies. Private medical treatment, routine dental treatment, general-use glasses and private health insurance can all be subject to different benefit-in-kind rules.
So before putting a personal health cost through the business, it’s always worth checking the tax treatment first.

Looking after yourself can be good for you, good for your team and, in the right circumstances, tax-efficient too.

Unsure what your company can pay for? Get in touch and I’ll be happy to help.

02/10/2026

If I took over your accounts today, what would I look at first?

It wouldn’t just be about whether everything has been entered into the accounting software.
I’d want to understand what’s really going on behind the numbers — checking that things are reconciled properly, looking for anything unusual, making sure transactions have been treated correctly and identifying anything that may need tidying up.

But just as importantly, I’d want to know what you’re trying to achieve with your business.
Good accounts shouldn’t simply tell you what happened last year. They should help you understand where your business is now and make better decisions going forward.

Sometimes a fresh pair of eyes can pick up things you’ve simply become used to seeing.
If you’re unsure whether your accounts are giving you the full picture, get in touch for a chat

29/09/2026

Could your business cope with a quiet month?

Most businesses have quieter periods from time to time. It might be because of seasonal changes, holidays, a project being delayed or simply because a customer pays later than expected.

The important question is: if your income suddenly dropped for a few weeks, would you still be able to cover your bills?

Knowing your regular monthly costs and what payments are coming up can make a huge difference. Rather than simply looking at today’s bank balance, think ahead to things like VAT, Corporation Tax, PAYE, supplier bills and annual subscriptions.

And if you don’t already have a cash-flow buffer, don’t worry — you don’t need to build one overnight. Start small and set aside a little each month. Over time, even a modest reserve can give you some valuable breathing space when business is quieter.

A useful question to ask yourself is:
If no money came into my business next month, what would I still need to pay?
Once you know that figure, you’ve got a good starting point for deciding how much of a buffer you’d like to build.

Need some help making sense of your business finances or planning your cash flow? Get in touch — we’re always happy to help

25/09/2026

A lovely review like this really does mean so much to me.

One of the things I’ve always wanted P&L Accountancy & Bookkeeping to be known for is being approachable, down-to-earth and explaining things in plain English.

Accounting and tax can feel overwhelming, particularly when you’re starting or growing a business, so I always want clients to leave a meeting feeling clearer, more confident and reassured about what they need to do next.

Receiving feedback like this is a lovely reminder that we’re achieving exactly that.

If you’re looking for an accountant who will take the time to listen, explain things clearly and offer practical support for your business, please do get in touch.

Address

Wantage
OX120JR

Opening Hours

Monday	9am - 3pm
Tuesday	9am - 3pm
Wednesday	9am - 3pm
Thursday	9am - 3pm
Friday	9am - 3pm

Telephone

01235376007

Website

http://www.placcountancy.com/

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