P&L Accountancy & Bookkeeping Limited

19/06/2026

Every business has a story, and this is ours.

In this video, I'm sharing a little about the story behind P&L Accountancy, what inspired me to start the practice, and why supporting small businesses continues to be at the heart of everything we do.

Thank you to all our clients, supporters, and local business community for being part of the journey so far.

17/06/2026

Mid-Year Business Health Check

We're already halfway through the year – but when was the last time you took a step back and reviewed how your business is performing?

A quick mid-year check can help you identify opportunities, spot potential issues early, and make informed decisions for the months ahead.

Ask yourself:

✅ Are sales on target?
✅ Are expenses increasing?
✅ Have you reviewed your pricing?
✅ Are you putting money aside for tax?

Taking the time to review these key areas now can help improve profitability, strengthen cash flow, and avoid unwelcome surprises later in the year.

How many of these boxes can you tick?

If you'd like support reviewing your figures or planning for the rest of the year, we're here to help.

12/06/2026

Are these common bookkeeping mistakes costing your business money?

From mixing personal and business expenses to losing receipts and forgetting about unpaid invoices, small mistakes can quickly become bigger headaches.

In this video, we're highlighting some of the most common bookkeeping errors we see and how to avoid them.

✅ Keep your records organised
✅ Stay on top of cash flow
✅ Make tax time less stressful

If you're not sure your bookkeeping is working as well as it could be, we're here to help.

10/06/2026

Companies House has announced further details of the upcoming accounts filing changes, which will take effect from 1 April 2028.

One change we're particularly pleased to see is that while micro entities and small companies will be required to file Profit & Loss accounts with Companies House, they will have the option to keep this information off the public register.

There are several other changes on the way, including mandatory digital filing and the removal of abridged accounts. We'll be keeping a close eye on developments and will keep our clients updated as more guidance becomes available.

📢 Changes to accounts filings will come into effect on 1 April 2028.

An overview of what’s changing from 1 April 2028:

- all companies must file accounts digitally via software (iXBRL format)
- small companies and micro entities will need to file profit and loss accounts, but can opt-out of this being displayed on the public register – we’ll share details of the opt-out route in due course
- companies will no longer be able to file abridged accounts
- smaller technical changes, including updates to audit exemptions and accounting reference periods

We're contacting all registered email addresses between 16 and 18 June 2026 with further information about the changes.

Read more in the comments section. ⬇️

02/06/2026

💰 Profit and cash are not the same thing.

One of the most common questions we hear from business owners is:

"If my business is making a profit, why does it feel like there's never enough money in the bank?"

The answer is that profit and cash measure two very different things.

✔️ You can show a healthy profit while customers still owe you money.
✔️ Cash can be tied up in stock, equipment or unpaid invoices.
✔️ Tax bills can arrive long after the income was earned.
✔️ Growing businesses often experience cash flow pressure even when sales are increasing.

That's why it's important to look beyond your profit figure and regularly review your cash position too.

A simple cash flow forecast can help you:
📊 Plan ahead for quieter periods
📊 Prepare for tax payments
📊 Manage stock levels
📊 Stay on top of customer payments
📊 Make confident business decisions

Swipe through to learn why profitable businesses can still run out of cash ➡️

If you'd like help understanding your numbers and improving cash flow management, we'd be happy to help.

29/05/2026

Do you really need an accountant?

Many business owners start out managing everything themselves – bookkeeping, invoices, expenses, payroll, VAT returns and tax deadlines.

But as your business grows, so does the paperwork.

An accountant isn't just there to submit accounts. A good accountant can help you:

✅ Stay compliant with HMRC requirements
✅ Avoid costly mistakes and penalties
✅ Save time on bookkeeping and administration
✅ Understand your business numbers
✅ Improve cash flow and profitability
✅ Plan ahead for tax liabilities
✅ Focus on growing your business

The real question isn't whether you can do it yourself – it's whether your time is best spent doing it.

If you're spending evenings and weekends catching up on paperwork, it may be time to get support.

At P&L Accountancy, we help business owners take the stress out of their finances so they can focus on what they do best.

📞 Get in touch to find out how we can help your business.

23/05/2026

🚗 Great news for business owners!

HMRC's approved mileage rate has increased to 55p per mile, backdated to 6 April 2026.

For sole traders and company directors using their own vehicle for business journeys, this means a higher tax-deductible mileage claim. Up to 10,000 business miles can now generate £5,500 of tax-free mileage reimbursements, allowing more money to be withdrawn from the business tax efficiently.

However, there is another side to the change.

Businesses with employees who are reimbursed for business mileage may see an increase in costs if they decide to increase their mileage rates in line with the new HMRC approved amount.

In this carousel we explain:

✔ Who can claim mileage allowance relief
✔ What the increase means for business owners
✔ Whether employers must pay 55p per mile
✔ The tax implications of paying more than 55p per mile
✔ How employees can claim tax relief if they are paid less than the approved rate

Every business is different, and the right mileage policy will depend on your circumstances, cash flow and workforce.

Swipe through to learn more 👉

If you'd like help reviewing your mileage policy or understanding how these changes affect your business, please get in touch.

22/05/2026

That brown envelope feeling…

For a lot of business owners, seeing a letter from HMRC instantly brings stress.

“Have I missed something?”
“Do I owe money?”
“Have I done something wrong?”

Running a business already comes with enough pressure without worrying about accounts, bookkeeping, tax returns, deadlines, and paperwork on top of everything else.

That’s where having an accountant can really help.

✔️ Keeping you organised
✔️ Making sure deadlines are met
✔️ Helping you understand what HMRC actually wants
✔️ Dealing with tax issues before they become bigger problems
✔️ Giving you support and advice when you need it

But one of the biggest benefits is peace of mind.

Knowing someone is there to help can clear so much space in your head and take away the constant worry around finances and tax.

Because business owners shouldn’t have to feel stressed every time a brown envelope lands on the doorstep.

20/05/2026

Making Tax Digital doesn’t have to feel overwhelming.

MTD is designed to make record keeping simpler, more organised, and less stressful for businesses and landlords.

Some of the key benefits include:

✔️ Keeping records organised in real time
✔️ Fewer errors and missed information
✔️ Better visibility of your finances
✔️ Easier quarterly submissions
✔️ Saving time and reducing stress

The earlier you prepare, the smoother the transition will be.

If you’d like support getting ready for MTD, we’re here to help. 📩

14/05/2026

Accounting deadlines have a habit of creeping up when you’re busy running a business.

From PAYE and VAT to Corporation Tax and Self Assessment, missing key dates can quickly lead to penalties, interest, and unnecessary stress.

Staying organised throughout the year makes everything easier:
✔ Better cashflow management
✔ Fewer surprises
✔ More confidence in your numbers
✔ Less pressure at year-end

In this post, we’ve shared some of the main accounting and tax deadlines businesses should keep on their radar.

A little planning now can save a lot of time, money, and hassle later.

📩 If you’d like support keeping your bookkeeping and deadlines under control, we’re here to help.