Rhombus Accounting

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Rhombus Accounting Rhombus Accounting Limited is an accountancy firm who are on hand to manage your accounting, finances, and taxes.

This means you can concentrate on your business, retain more profit, and reclaim your valuable time.

Nine months into the year. Three months to go.If you have not looked at your numbers recently, today is a good day to do...
30/09/2026

Nine months into the year. Three months to go.

If you have not looked at your numbers recently, today is a good day to do it.

Ask yourself these questions:

📊 Am I on track against the goals I set at the start of the year?
💷 What does my profit look like compared to the same time last year?
📋 Are there costs that have crept up that I have not addressed?
🚗 If I am on the Margin Scheme, is my stock book current for Q3?
📈 What do I want Q4 to achieve and what needs to happen for that to be realistic?

The difference between businesses that finish the year strongly and those that scramble through January is almost always the planning they did in September and October.

If you want to finish 2026 in a strong position, get in touch this week.

Discover if we are the right accountants for your business ⬇️

🌐 www.rhombusaccounting.co.uk
📧 [email protected]
📞 01405 447448

If your VAT quarter runs July to September, your Q3 return is due by 7 November 2026.For businesses on the VAT Margin Sc...
28/09/2026

If your VAT quarter runs July to September, your Q3 return is due by 7 November 2026.

For businesses on the VAT Margin Scheme, this is the point in the year where poor record keeping during the summer really starts to show.

Here is what we are checking with clients right now:

📋 Is your stock book complete and up to date for every item bought and sold between July and September?

📋 Have all purchase prices and selling prices been recorded correctly for eligible goods?

📋 Is there any stock that was purchased from a VAT-registered business that needs to be excluded from the Margin Scheme?

📋 Are all your platform sales reconciled. eBay, Whatnot, private sales, car boot purchases, auction receipts?

A VAT return filed with incomplete records is not just inaccurate. It is a liability. If you are a Margin Scheme business and your Q3 records are not where they should be, get in touch now while there is still time to sort it properly.

Discover if we are the right accountants for your business ⬇️

🌐 www.rhombusaccounting.co.uk
📧 [email protected]
📞 01405 447448

Autumn is here and Q4 is underway.If you have been meaning to sort your accountant out, switch to someone better, or jus...
25/09/2026

Autumn is here and Q4 is underway.

If you have been meaning to sort your accountant out, switch to someone better, or just get a proper handle on your finances before the year end rush, now is exactly the right time.

The January Self Assessment deadline is four months away. Year end planning for many businesses needs to happen in Q4. The businesses that start these conversations now are the ones that go into January in a strong position.

The initial consultation with Rhombus Accounting is completely free. No obligation. Just 60 minutes to talk through your business and see whether we are the right fit.

In person at our office at F15, Raise Business Centre, Goole or via Google Meet.

📅 calendly.com/rhombus-accounting

Discover if we are the right accountants for your business ⬇️

🌐 www.rhombusaccounting.co.uk
📧 [email protected]
📞 01405 447448

If you are self-employed, you can deduct allowable business expenses from your income before calculating your tax. Getti...
23/09/2026

If you are self-employed, you can deduct allowable business expenses from your income before calculating your tax. Getting this right can make a meaningful difference to your tax bill.

Here is a practical guide to the most commonly claimed expenses:

🖥 Equipment and technology - laptops, phones, cameras, tools used for your business
🚗 Travel - mileage for business journeys at HMRC's approved rates, parking, public transport
📦 Stock and materials - the cost of goods you buy to resell or use in delivering your service
📋 Professional services - accountant fees, legal advice, subscriptions relevant to your trade
🏠 Use of home - a portion of your home running costs if you work from home
📣 Marketing - website costs, social media advertising, business cards
📚 Training - courses and books directly related to your existing trade

The key rule is that every expense must be wholly and exclusively for the purposes of your business.

Keeping good records throughout the year means you never have to guess.

Discover if we are the right accountants for your business ⬇️

🌐 www.rhombusaccounting.co.uk
📧 [email protected]
📞 01405 447448

31 January 2027 is exactly 4 months away.If you need to file a Self Assessment tax return for the 2025/26 tax year, now ...
21/09/2026

31 January 2027 is exactly 4 months away.

If you need to file a Self Assessment tax return for the 2025/26 tax year, now is the right time to start getting organised.

Here is what you need to pull together:

📋 Records of all your income — employment, self-employment, rental, dividends, interest
📋 Records of all your allowable expenses if you are self-employed or a landlord
📋 Details of any assets you sold that might attract Capital Gains Tax
📋 Your P60 if you are also employed
📋 Pension contributions made during the year

For VAT Margin Scheme businesses, your quarterly VAT returns and stock records form part of the picture your accountant needs to get your Self Assessment right.

January always arrives faster than people expect. If you would like us to handle your 2025/26 Self Assessment, get in touch now while we still have capacity.

Discover if we are the right accountants for your business ⬇️

🌐 www.rhombusaccounting.co.uk
📧 [email protected]
📞 01405 447448

One of the most common reasons people stay with an accountant they are not happy with is simply not knowing how to leave...
18/09/2026

One of the most common reasons people stay with an accountant they are not happy with is simply not knowing how to leave.

So here is how it actually works.

Step 1: Tell us you want to switch
Get in touch with Rhombus Accounting and we will have an initial conversation about your business and whether we are the right fit.

Step 2: We send a letter of engagement
Once you are happy to proceed, we formalise the relationship with a clear engagement letter setting out exactly what we will do for you and what it costs.

Step 3: We request Professional Clearance
We contact your existing accountant on your behalf to request the relevant information and handover documentation. You do not need to have any awkward conversations.

Step 4: We get to work
Once clearance is received, we get everything set up. Xero access, HMRC authorisations, and a thorough review of where things stand.

The whole process typically takes 2 to 4 weeks. And at the end of it you have an accountant who actually works for you.

Discover if we are the right accountants for your business ⬇️

🌐 www.rhombusaccounting.co.uk
📧 [email protected]
📞 01405 447448

Not all accountants are the same. Here are 5 ways Rhombus Accounting is different from your current firm.We specialise i...
16/09/2026

Not all accountants are the same. Here are 5 ways Rhombus Accounting is different from your current firm.

We specialise in VAT Margin Scheme businesses

Used car dealers, watch traders, antique dealers, designer bag sellers, vintage clothing stores, trading card sellers. This is our day-to-day specialism and we understand it inside out.

We reply fast on WhatsApp

Fast communication is part of what we offer. You should never have to wait days for a reply to a simple question.

We are proactive, not reactive

We flag things before they become problems. Tax planning happens during the year, not at year end when it is too late to act.

We are local and accessible

Based in Goole, East Yorkshire at F15 Raise Business Centre. Come and see us in person or meet via Google Meet if you are further afield.

We are recognised for what we do

Specialist Accountancy Firm of the Year 2025 Yorkshire. SME News Client Service Excellence Award 2025. 50+ Google five star reviews.

If that sounds like the kind of firm you want in your corner, get in touch.

Discover if we are the right accountants for your business ⬇️

🌐 www.rhombusaccounting.co.uk
📧 [email protected]
📞 01405 447448

One of the most common things we hear from people who are just starting to build a business."My business is too small to...
14/09/2026

One of the most common things we hear from people who are just starting to build a business.

"My business is too small to need an accountant."

Here is the truth.

The smaller your business, the more every pound matters. And the more every pound matters, the more important it is that your finances are set up correctly from the start.

Here is what small businesses get wrong most often:

❌ Not registering for Self Assessment when buying and selling over £1,000
❌ Not keeping records of purchases and sales that could be claimed as expenses
❌ Missing out on the VAT Margin Scheme because no one explained it to them
❌ Taking money out of the business without understanding the tax implications
❌ Not saving for their tax bill and getting a nasty surprise in January

An accountant does not just file your tax return. A good one helps you pay less tax, avoid penalties, and make better decisions with your money.

If you think you are too small to need an accountant, you are probably exactly the right size to benefit most from one.

Discover if we are the right accountants for your business ⬇️

🌐 www.rhombusaccounting.co.uk
📧 [email protected]
📞 01405 447448

An incredible review from the team at Lifestyle Watches Limited.Over a year in and this is exactly the kind of relations...
11/09/2026

An incredible review from the team at Lifestyle Watches Limited.

Over a year in and this is exactly the kind of relationship we set out to build when we started Rhombus Accounting. Not just getting the numbers right, but genuinely understanding the business, being available when it matters, and helping clients make better decisions throughout the year.

The VAT Margin Scheme, regular management account reviews, and face to face meetings at their office in Scotland. This is what proactive accountancy looks like in practice.

Thank you Lifestyle Watches. It is a pleasure working with you.

If you are a watch dealer or pre-owned goods business looking for an accountant who truly understands your world, get in touch.

Discover if we are the right accountants for your business ⬇️

🌐 www.rhombusaccounting.co.uk
📧 [email protected]
📞 01405 447448

If you buy and sell pre-owned watches or jewellery, the VAT Margin Scheme almost certainly applies to your business.And ...
09/09/2026

If you buy and sell pre-owned watches or jewellery, the VAT Margin Scheme almost certainly applies to your business.

And if it is not being applied correctly, you are likely overpaying VAT on every single sale.

The calculation is straightforward. You only pay VAT on the margin between what you paid and what you sold for, not the full selling price. For high-value pieces, the saving on each transaction is significant.

At Rhombus Accounting, we already work with clients in this sector. We understand how the pre-owned watch and jewellery market works and we understand the numbers.

Here is what we help watch and jewellery traders with:

⌚ VAT Margin Scheme set up and applied correctly to every eligible piece
📋 Stock book compliance with the records HMRC expects to see
📊 Xero bookkeeping tailored to the way you buy and sell
💷 Quarterly VAT returns prepared and submitted accurately
📈 Year end accounts and Corporation Tax
💰 Management accounts so you always know where your margins sit

If you are not confident your VAT is set up correctly, get in touch today.

Discover if we are the right accountants for your business ⬇️

🌐 www.rhombusaccounting.co.uk
📧 [email protected]
📞 01405 447448

Address

F15, Raise Business Centre, Tom Pudding Way
Goole
DN146BS

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+441405447448

Website

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