Tally T’s Bookkeeping Ltd

Did you know HMRC has increased business mileage! it’s good news for anyone claiming back their travel this tax year
From 6 April 2026, HMRC has increased the mileage rate for cars and vans from 45p to 55p per mile for the first 10,000 miles. That’s a solid boost for sole traders, limited companies, and anyone logging business journeys

🚗 What this means for you

• You can now claim 55p per mile on business travel (first 10,000 miles)
• Anything over 10,000 miles stays at 25p per mile
• If you were paid at the old 45p rate earlier in the year, your employer can top up the extra 10p per mile tax‑free
• Sole traders: this uplift increases your allowable expenses, reducing taxable profit

📘 Tally T’s Bookkeeping Tip

Keep your mileage log tidy with dates, destinations, purpose, and miles. A clean record means a clean claim

If you want help setting up a simple mileage tracker or understanding how this affects your tax return, just shout 07854553349

This global warming lark…….jeeez, even my eyeballs are sweating 👀🥵

Out of office on ✅ flight check in ✅ bags checked in ✅ see you Tuesday ✈️🇵🇱🍻

Happy Father’s Day to all the dads, grandads, uncles, step‑dads and anyone who takes a fatherly role 💙💚

Yes, I KNOW it’s tomorrow, but I’m posting today because tomorrow I’ll be far too busy pampering the special men in my life and making sure they feel thoroughly spoiled 🍺🎁

Also… consider this your public service announcement in case anyone has conveniently forgotten that Father’s Day is indeed TOMORROW…..You’re welcome! 🫣

Father’s Day is the day we celebrate the men who:
“Rest their eyes” mid‑conversation 😴
Fix things with one dramatic tap 🧑‍🔧
Give advice nobody asked for 🫣🤔
And, can detect a thermostat change like it’s their very own superpower 🦸‍♂️

Have a brilliant day lads…..enjoy your well earned, uninterrupted snacks, naps and remote control day

Starting them young at Tally T’s HQ 💻✨
Today’s special guest: my 2‑year‑old granddaughter, promoted instantly to Chief Important Pooting Officer (that’s computing, in toddler language)
Sat at Grandad’s desk, tapping away like she’s running the whole operation, invoices, emails, snacks… all handled

Never too early to train the next generation of number crunchers and office bosses 💚💙

CIS sole traders, do you know which types of income count towards the £50,000 threshold for MTD ITSA which HMRC is mandating from April 2026?

HMRC are currently looking at your 2024/25 total income to decide whether you qualify.
It’s not just your CIS income, they assess your full qualifying income, including any other self employment or property income you may have

If you’re not sure what counts as “qualifying income”, pop a comment below and I’ll walk you through it clearly so you know exactly where you stand for 2026

🧒📘 As a bookkeeper, I spend my days making sense of numbers… but kids’ clothes prices? Even I can’t reconcile those.

They grow overnight, need a whole new wardrobe, and somehow the prices keep creeping up even though kids’ clothes are VAT free. The maths simply isn’t mathing.

Mine are getting so tall now I’m starting to question whether it’s financially sensible to keep them in the kids’ section for as long as humanly possible… not to dodge VAT, but because I refuse to pay adult prices for someone who still can’t find their shoes

Between inflation, growth spurts, and the speed they outgrow everything, keeping them dressed should count as a full set of CPD hours.

Any other parents running the numbers?

📣 CIS Question of the Day for Contractors & Subbies

Are you confident your CIS deductions are being calculated correctly every single month?

For many trades businesses, CIS feels like a guessing game… but it doesn’t have to be.
As a Tier 4 AATQB bookkeeper, I help contractors and subcontractors stay compliant, avoid penalties, and keep their books stress‑free

If you’re not 100% sure your CIS is spot‑on, drop your question below or send me a message, I’m here to make it simple

You Build It, I Balance It

Tradespeople: builders, sparkies, plumbers, joiners, and anyone dealing with CIS

Sole traders: who want their books kept tidy without the jargon

Small service based businesses: who need reliable monthly support

Landlords: with multiple properties and mixed income

Send a message to learn more