Kasion Accounting Solutions

🔹️BIBA 2026 - Finalist interviews🔹️

Thank you to all of the businesses that came to see us yesterday to tell us more about what they do as part of their The BIBAs application. Learning about their history and what makes their business a family business was a privilege.

Thank you to the other judges too. It was a rollercoaster of emotions. 🎢

🔹️TRIVIAL BENEFITS - HAVE YOU USED YOURS?🔹️

Time is running out to use your trivial benefits...

▫️What are trivial benefits?

They’re small perks you can give yourself (or employees) that are not taxable as long as you follow the rules.

▫️The key rules:

▪️Must cost £50 or less per benefit.
▪️Cannot be cash (but vouchers are absolutely fine).
▪️Cannot be a reward for work or performance.
▪️Must not be in your contract.
▪️Must be paid from the business bank account.

▫️How much can directors actually take?

If you’re a director of a limited company, you can take:

▪️ £50 per benefit.
▪️ Up to 6 times per tax year.
▪️ That’s £300 per year, per director, completely tax free.

▫️What about employees?

▪️There’s no set annual limit like there is for directors.

▪️As long as each benefit meets the rules (under £50, not cash, not a reward etc.), you can provide multiple trivial benefits across the year.

▫️What period does it cover?

📅 The tax year runs 6 April to 5 April.
🏢 And this applies per trading company.
So if you have more than one trading company, the allowance applies to each one.

▫️What counts as a trivial benefit?

Think small, personal perks like:
– Gift vouchers (Amazon, M&S, etc.)
– A birthday treat
– A meal out
– A small gift

What doesn’t count?
🔺️ Cash
🔺️ Bonuses disguised as gifts
🔺️ Anything over £50
🔺️ “Thanks for hitting your targets” type rewards

The golden rule:
This is not about rewarding work, it’s about small, occasional perks.

▫️How to I actually do it?

▪️Buy the voucher or item from the business account.
▪️Keep the receipt.
▪️Make a simple note (e.g. “Trivial benefit - director”) or for easier tracking, create a category called Trivial Benefits.
▪️That’s it, no payroll, no P11D, no fuss.

Don't miss out on yours 😊

Got questions on how to apply it properly in your business? Just get in touch.

🔹️ Happy Mother's Day 🔹️

Mother’s Day can be a beautiful day for many, but it can also be a difficult one. 💛

To the mums who are showing up every single day, doing their very best for their children, even when you’re tired, overwhelmed or questioning yourself, you are doing an amazing job.

To those who are longing to become mums, those facing challenges with fertility, or those who have experienced pregnancy or baby loss, my heart is with you today. 🩷💙

To anyone who has lost their mum, I'm thinking of you today 🤍

For those who are lucky enough to still have your mum in their life, take a moment to cherish the time you have together. Time truly is one of the most precious things we have.🩵

For any landlords that want to understand the changes that are coming in for tenancy law. Find out more by attending tonight's webinar on the Renters Rights Act. 🏡

TONIGHT! Have you signed up yet? We still have a few spaces left!

Make sure you are ready for the coming changes to tenancy law with the Renters' Rights Act. At Bradburn Estates, we're offering a Free Webinar on the 26th February, where we will be covering:
🏠Local Market Update
🏠Key Implementation Dates for the Renters’ Rights Act
🏠The Legal Changes - Explained Simply
🏠What You Need to Do to Prepare
🏠Live Q&A Session

Signup for the webinar at https://let-smart.co.uk/

📢 Landlords 📢

If you're not sure what the changes are regarding the Renters' Rights Act 2025, you should register for this webinar to find out more details, so you can keep yourself protected.👌

Renters’ Rights Act 2026 – What Landlords Need to Know NOW To Prepare Major changes are coming to the private rental sector — and landlords who aren’t prepared risk heavy fines, delays, and costly mistakes.

🎄✨ Merry Christmas and Thank You ✨🎄

As the year comes to a close, we just want to say a huge thank you to all our wonderful clients for your continued support throughout the year. It’s been a pleasure working with you and we’re so grateful for the trust you place in us.

We’re now taking a short festive break and will be returning on 5th January, refreshed and ready for the year ahead.

Wishing you and your loved ones a very Merry Christmas and a happy, healthy and successful New Year 🎅🥂

✅ Post 3 of 3: What to Look for in Your Balance Sheet

🔹️You don’t need to be a finance guru to use your Balance Sheet. Here are four simple things to check every few months:

1️⃣ Is there enough cash in the bank? If your bank balance is low, it might be time to slow spending or speed up payments from customers.

2️⃣ Are people taking too long to pay you? If a big chunk of your “money owned” is tied up in unpaid invoices, that’s a cashflow risk.

3️⃣ Are your debts getting bigger? If the “what you owe” section is growing but your income isn’t, you may want to review your borrowing.

4️⃣ Is your leftover (your share) going up over time? This means your business is building value. If it’s going down, that’s a sign to look more closely.

💡Mentor Tip: Your Balance Sheet is your early warning system. Check it regularly and ask: “Is this moving in the right direction?”

🌀Top tip - make sure all transactions are explained on the software and bank reconciliations are completed before you do your review.

📩 Need help reviewing yours? I work with business owners to make the numbers make sense and help you grow with confidence.

👉 Message me any time, no jargon and no judgment.

✅ Post 2 of 3: What’s in a Balance Sheet?

Let’s break it down with a simple example.

Here’s what a Balance Sheet might look like for a small business:

📊 As of 31 Dec 2024:

💰 What the business owns, for example:
£25,000 in the bank
£10,000 in equipment
£15,000 owed by customers (unpaid invoices)
Total the business owns: £50,000

💸 What the business owes, for example:
£5,000 owed to suppliers
£20,000 loan
Total the business owes: £25,000

📈 What’s left over for you:
£25,000 is left. This is how much your business is worth after paying off everything it owes.

Why is this important?

✅ If this number is growing, your business is gaining value 📈. If it’s shrinking, it might be time to look deeper ⚠️.

🧠 Mentor Tip: Don’t get hung up on technical terms. Questions to ask are, (a) What do I have? (b) What do I owe? (c) What’s left?


In Part 3, I’ll show you how to use this info to make better decisions.

🔹️If you're struggling to understand your balance sheet and would like some guidance, we're here to help.🔹️

✅Post 1 of 3: What’s a Balance Sheet and Why Should You Care?

Unlike your Profit & Loss, which shows you how your business is performing, your Balance Sheet shows where your business stands right now. Think of it like a snapshot. It shows three simple things:

🔹️ What your business owns.
🔹️ What it owes.
🔹️ And what’s left over for you.

Why it matters:

🛑 It helps you spot financial warning signs early.

🛑 It shows if your business is healthy underneath the surface and it gives you a full picture, not just sales, but real value.

🧠 Mentor Tip: You don’t need to be an accountant to understand it. You just need to look at the right things and I’ll show you how.


📌 Follow along because in the next post, I’ll walk you through a real example.