KHAccounts

TAX TIP TUESDAY

VAT registration isn’t based on your financial year.

HMRC looks at your rolling 12-month turnover — and once it passes £90,000, registration becomes mandatory.

A simple monthly check keeps you in control.

✨🎉 Happy New Year! 🎉✨

Wishing you a New Year full of fresh starts, new opportunities, and exciting goals 🌟

Thank you for being part of my journey this year – your support, trust, and encouragement mean more than you know. As we step into the new year, may it bring clarity, growth, confidence, and success in everything you do.

Here’s to believing bigger, dreaming braver, and making the next year your best one yet 💫

🥂 Happy New Year – let’s make it amazing! 🥂

I'd like to give a big shout-out to Louis from Pytech Consulting for transforming the way I manage my emails and client documents!

Louis set up an automation that now sorts all client emails into the correct folders and saves every attachment straight into Dropbox — completely automatically.

This has already saved me a huge amount of time and made my workflow so much smoother.

His customer service has been excellent from start to finish:
✅ Quick responses
✅ Clear communication
✅ Fast delivery
✅ Everything is working perfectly

Thank you, Louis — this automation is a game-changer for my practice!

Highly recommend Pytech Ltd to anyone who wants to streamline their systems and save valuable time. 🙌

If you are interested in this amazing automation, have a look at the first comment👇

If you use your personal car for business, don’t forget to claim your mileage! 🚗

HMRC allows:
👉 45p per mile for the first 10,000 miles
👉 25p per mile after that

This covers fuel, insurance, and wear and tear — so no need to track separate costs.

Keep a simple log (apps like MileIQ are great) with date, destination, and purpose. Even 50 miles a week could mean £1,000+ in tax-free claims a year.

Don’t leave money on the road — track your miles!

Do you work from home — even part of the time? 🏡
Then you can claim part of your home costs as a business expense!

That includes:
💡 Electricity, gas, internet
📞 Mobile or landline bills
🪑 Rent or mortgage interest

There are a few ways to calculate this depending on how much space and time you use for work. The key is to keep it reasonable and consistent.

💡 Example: If you work from home 3 days a week, you can claim around 20–30% of certain costs.

👉 Tip: Keep a simple note of your working hours and area used — it’ll make your tax return much easier.

If you’re a director of your own limited company, how you pay yourself can make a big difference to how much tax you pay. 💰

A common setup is a mix of small salary + dividends. This can help you:
✅ Stay within tax-free allowances
✅ Pay less National Insurance
✅ Take home more of what you earn

The exact balance depends on your business profits and personal situation — so it’s worth reviewing each year.

💬 If you’re not sure whether your setup is tax-efficient, it’s a good time to review it before the new tax year starts.

🚨 Making Tax Digital is coming!
If you’re self-employed or a landlord, you’ll soon need to file tax updates every 3 months.

We’re helping business owners get MTD-ready — simple setup, full support, no stress.

🌟 Special offer: first 10 people get exclusive pricing + free onboarding!

Don’t wait until the deadline — start preparing now and stay ahead of HMRC.

Message me or book a discovery call if you want to secure your spot 👇

https://meetings-eu1.hubspot.com/khaccounts/discovery-call

🌟 We’re Finalists! 🌟

We’re so proud to share that KHAccounts Ltd has been shortlisted as a Finalist for Best Small Business at the 2025 UK Small Business Awards! 🏆

This recognition means so much to us. At KHAccounts, our mission has always been to take the stress out of accounting and give business owners clarity, confidence, and more time to do what they love. To be recognised alongside so many amazing businesses is truly an honour.

A huge thank you to our wonderful clients and community — your trust and support are what made this possible. 💙

Here’s to building stronger businesses together 🚀

Every small cost in your business matters — and those “small” things can really add up over the year! ☕💻

Things like software subscriptions, parking, and office supplies are all valid business expenses if they’re used for work.

The key is to keep good records. Use mobile apps to snap receipts on the go — no more digging through bags or boxes at the year-end!

📦 Every £10 receipt you forget to claim is £10 of profit you’ll still pay tax on. Multiply that by 100 receipts... and you can see how much you’re giving away!

👉 Stay organised, and your future self (and your accountant 😉) will thank you.