ILex Accountancy Services Ltd

Did You Know? 🚲

If you use your own bicycle for business journeys, you may be able to claim 20p per mile in tax relief.

This can apply to trips such as:
✔️ Visiting clients
✔️ Travelling to a temporary workplace
✔️ Attending training courses or business events
✔️ Collecting supplies for your business

It's a small detail that's easy to overlook, but those miles can soon add up.

📞 01452 260950
📧 [email protected]

Still spending hours on admin every month?

The right accounting software can save time, give you a clearer view of your finances, and help you stay on top of Making Tax Digital requirements.

Whether you're using spreadsheets, outdated software, or you're not sure where to start, we can help make the move to cloud accounting simple.

📞 01452 260950
📧 [email protected]

Thinking of becoming self-employed? Here are a few key things HMRC expects you to know 👇

✔️ Register as self-employed if your income before expenses goes over £1,000
✔️ Keep accurate records of income and expenses
✔️ Submit a Self Assessment tax return each year
✔️ Pay tax and National Insurance on your profits

📞 01452 260950
📧 [email protected]

Things HMRC Actually Cares About

It’s usually not the big flashy mistakes that cause problems with HMRC - it’s the smaller things that get overlooked over time.

Things like:
👉Missing records
👉Payroll errors
👉Late submissions
👉Incorrect mileage claims

Most issues come down to poor organisation rather than intentional mistakes.

Keeping accurate, up-to-date records goes a long way when it comes to staying compliant and avoiding unnecessary stress later on.

📞 01452 260950
📧 [email protected]

Well done to Churchdown Panthers Youth FC on a brilliant achievement this season. ⚽🏆

After finishing top of their league, the team went on to win the Plate Competition at the weekend's Southside Star Tournament.

We're proud to sponsor them! Congratulations to everyone involved.

Kit supplied by Macron Store Gloucester

A lot of business decisions are made on instinct - but the strongest ones are backed by good numbers.

Keeping your bookkeeping accurate and up to date helps you understand cash flow, spot problems early, and plan ahead with confidence.

Because growing a business is much easier when you know exactly where you stand.

📞 01452 260950
📧 [email protected]

Expectation vs Reality…

Expectation:
“I’ll just put this receipt somewhere safe and deal with it later.”

Reality:
You need it months later and it’s either missing, covered in coffee stains, or completely unreadable.

Keeping your bookkeeping updated regularly, whether through a spreadsheet or accounting software, makes life much easier when it comes to VAT returns, tax deadlines, and finding important records.

A few minutes now can save a lot of stress later.

📞 01452 260950
📧 [email protected]

Running a limited company means keeping on top of year-end accounts, Corporation Tax, and Companies House responsibilities, alongside everything else involved in running a business.

At iLex, we support limited companies with accounts preparation, HMRC and Companies House submissions, and ongoing financial support to help keep things organised and compliant.

Need some help?
📞 01452 260950
📧 [email protected]

Happy Bank Holiday from all of us at iLex 😊

We hope you’re enjoying a well-earned break and getting the chance to spend some time with family and friends this weekend.

The most expensive phrase in business can often be:
“We’ll deal with it later.”

Most business problems don’t appear overnight; they build up gradually.

Staying on top of things little and often is usually far easier than fixing them later.

📞 01452 260950
📧 [email protected]