Philip Nolan Accountants Cardiff

🚗 Business Mileage Rates Have Increased. Are Your Records Up to Date?

If you use your own car or van for business journeys, there is an important change for the 2026 to 2027 tax year.

The approved mileage rate for cars and vans is now 55p per mile for the first 10,000 business miles, increased from 45p. The rate remains 25p for mileage above 10,000 miles. The change applies from 6 April 2026.

At Philip Nolan Accountants, we can help you
✔️ Maintain accurate mileage records
✔️ Understand allowable business travel costs
✔️ Keep expense claims properly organised
✔️ Prepare accurate accounts and tax records
✔️ Avoid missing eligible business expenses

💡 Small changes to allowances can make a meaningful difference to your annual tax position.
📞 0800 058 8330 | 0203 519 4484
📧 [email protected]
🌐 www.philipnolan.co.uk

📈 Do Not Wait Until Year End to Understand Your Business

Annual accounts show what has already happened. Management accounts can provide regular insight into your current income, expenses, profit margins, and cash position.

At Philip Nolan Accountants, our management accounting support helps you
✔️ Review monthly business performance
✔️ Compare actual results with budgets
✔️ Monitor profit margins and expenses
✔️ Identify financial risks earlier
✔️ Plan confidently for future growth

💡 Regular financial reporting helps you make decisions using current information rather than outdated figures.

Build a clearer picture of your business with professional management accounts.
📞 0800 058 8330 | 0203 519 4484
📧 [email protected]
🌐 www.philipnolan.co.uk

🏢 Keep Your Company Records Accurate and Compliant

Managing company records and statutory responsibilities can take valuable time away from running your business.

At Philip Nolan Accountants, our company secretarial services help businesses
✔️ Maintain accurate statutory records
✔️ Prepare and submit confirmation statements
✔️ Update company and director information
✔️ Support share and ownership changes
✔️ Stay compliant with Companies House requirements

💡 Accurate company records help protect your business and reduce the risk of filing problems.

Let our experienced team manage your company secretarial responsibilities with confidence.
📞 0800 058 8330 | 0203 519 4484
📧 [email protected]
🌐 www.philipnolan.co.uk

⏰ Making Tax Digital Quarterly Update Due Today

Today is the deadline for eligible sole traders and landlords to submit their first Making Tax Digital for Income Tax quarterly update. The update should summarise income and expenses recorded digitally during the first quarter.

Need support completing your update?
Philip Nolan Accountants can help you
✔️ Review your digital records
✔️ Check income and expense totals
✔️ Prepare the quarterly submission
✔️ Correct bookkeeping issues
✔️ Plan for future quarterly deadlines

💡 Accurate digital records make every future submission easier.

Contact our team for reliable Making Tax Digital assistance.
📞 0800 058 8330 | 0203 519 4484
📧 [email protected]
🌐 www.philipnolan.co.uk

🖥️ Investing in Equipment for Your Business?

Purchasing qualifying equipment, machinery, or technology may allow your business to claim capital allowances. The Annual Investment Allowance remains available up to £1 million, while eligible companies may also qualify for full expensing on certain investments.

Philip Nolan Accountants can help you
✔️ Review qualifying business purchases
✔️ Maintain supporting purchase records
✔️ Calculate available capital allowances
✔️ Prepare accurate tax computations
✔️ Plan investments more effectively

💡 Reviewing tax relief before making a major purchase can support better financial planning.

Contact our team for professional business tax guidance.
📞 0800 058 8330 | 0203 519 4484
📧 [email protected]
🌐 www.philipnolan.co.uk