Bean Counters

Bean Counters Award-Winning AAT Licensed Accountant, AAT subject expert in bookkeeping and computerised accounts & Xero Specialist.
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Xero in on the numbers in your business!

📞 Call us today on: 01933 71 72 73
and let's discuss how we can support your business.

🌍 World Mental Health Day 💚Today is a reminder that not all struggles are visible. Behind the smiles, achievements, and...
10/10/2026

🌍 World Mental Health Day 💚

Today is a reminder that not all struggles are visible. Behind the smiles, achievements, and everyday routines, many people are carrying battles we know nothing about.

Healing isn't always linear, strength isn't always loud, and it's okay to have difficult days. If you're struggling right now, please know that your feelings are valid, your story matters, and you don't have to face it alone.

Let's continue to create a world where conversations about mental health are met with understanding, compassion, and hope. Check in on your friends, family, colleagues, and most importantly, yourself.

Asking for help is not a sign of weakness. It is a sign of courage.

Be kind. Be patient. Be present.

You are not alone, and your mental health matters. 💚🎗️

📣 Company Directors: Don't Get Caught Out by HMRC's New Reporting RulesThink there's nothing to report because you haven...
09/10/2026

📣 Company Directors: Don't Get Caught Out by HMRC's New Reporting Rules

Think there's nothing to report because you haven't taken a salary or dividends from your company? Think again.

HMRC has confirmed that directors who already complete a Self Assessment tax return will need to disclose their company directorships from the 2025/26 tax year, even if they received no salary, benefits, or dividends. In some cases, this could also apply to directors of dormant companies.

Key points:
✅ Unpaid directors may still need to report their directorships
✅ Dormant company directorships could be included
✅ Additional disclosures may be required for owner-managed businesses
✅ Failure to provide the information could result in HMRC queries

Our latest blog explains who is affected, what needs to be reported, and how to prepare for the changes.

🔗 Read the full article here: https://smpl.is/an15s

Friday Fun Fact!Around 7.5% of people in the UK experience some form of phobia. The fear of money or spending money is ...
09/10/2026

Friday Fun Fact!

Around 7.5% of people in the UK experience some form of phobia. The fear of money or spending money is known as Chrometophobia while it's considered a rare phobia, many people experience anxiety around finances, budgeting, or unexpected bills.

Understanding your finances and planning ahead can help reduce stress and build confidence. 📊💷

🚨 Is That HMRC Text Really Genuine? 🚨You may receive a text message from HMRC this week, but how can you tell if it's re...
08/10/2026

🚨 Is That HMRC Text Really Genuine? 🚨

You may receive a text message from HMRC this week, but how can you tell if it's real and not a scam?

✅ Genuine HMRC texts may:
• Notify you about an overdue Self Assessment tax liability
• Provide updates on a VAT registration application
• Ask you to check your online HMRC account via https://smpl.is/anf6m

❌ Genuine HMRC texts will NOT:
• Ask for personal or financial information
• Request bank or card details • Include links to websites
• Offer tax refunds via text or social media

Scammers often copy HMRC branding, making fake messages look convincing. If you receive an unexpected message, don't click anything or reply. Instead, sign in to your HMRC account directly through https://smpl.is/anf6m to verify whether the contact is genuine.

If you suspect a scam:
✔️ Forward suspicious texts to 60599
✔️ Report phishing emails to [email protected]

Remember, HMRC will never contact you through social media to offer a tax rebate or request personal or financial information.

🔍 When it comes to tax communications, always take a moment to check before you click.

💡 Tax Tip ThursdayDon't Rush Your Stock TakeYour annual stock take could be worth more than you think.If you have slow-m...
08/10/2026

💡 Tax Tip Thursday

Don't Rush Your Stock Take

Your annual stock take could be worth more than you think.

If you have slow-moving, damaged, obsolete, or unsellable stock, it may be possible to reduce its value in your accounts and claim a corporation tax deduction.

✅ Review old stock carefully
✅ Identify damaged or discontinued items
✅ Record stock that will need to be sold at a discount
✅ Keep evidence and accurate records

For tax purposes, stock should be valued at the lower of cost or net realisable value. A thorough stock take could uncover valuable tax savings that a quick count might miss.

📦 Good stock records don't just improve inventory management, they could help reduce your corporation tax bill.

📣 Call to Action:
Not sure whether your stock valuation could be affecting your corporation tax position? Get in touch with our team for tailored advice and to ensure you're not missing legitimate tax-saving opportunities.

⚠️ Disclaimer:
This information is for general guidance only and should not be relied upon as tax advice. Tax treatment depends on individual circumstances, and professional advice should be sought before taking action.

📢 URGENT REMINDER!🔥 VAT FILING DEADLINE IS TODAY FOR QUARTER ENDING AUGUST! 🔥If you haven’t submitted your VAT return ye...
07/10/2026

📢 URGENT REMINDER!

🔥 VAT FILING DEADLINE IS TODAY FOR QUARTER ENDING AUGUST! 🔥

If you haven’t submitted your VAT return yet, now’s the time to drop everything and get it done. Avoid last‑minute stress… and avoid those penalties!

You’ve got this — go file! ✔️

💡 Xero Tip!Save a Snapshot of Your Reports 📊Have you ever created a report in Xero, only to realise that if the underlyi...
06/10/2026

💡 Xero Tip!

Save a Snapshot of Your Reports 📊

Have you ever created a report in Xero, only to realise that if the underlying data changes, the report changes too?

The good news is there's a simple way to keep an exact copy of your report as it was on the day you created it.

✅ Run your report
✅ Click Publish
✅ Choose to save it as a PDF or Excel file
✅ Access it anytime from the Published tab in Reports

Publishing creates a static version of the report, meaning it won't be affected by any future changes made to transactions or accounting data. It's a great way to keep accurate records, support year-end reviews, and maintain an audit trail.

💡 A simple feature that can save a lot of confusion later!

Do you use Xero's Publish feature, or is this a new tip for you?

HMRC takes aim at side hustlesIf you earn extra income from a side hustle, HMRC is reminding taxpayers to check whether ...
05/10/2026

HMRC takes aim at side hustles

If you earn extra income from a side hustle, HMRC is reminding taxpayers to check whether they need to register for Self Assessment.

With wedding season in full swing, photographers, cake makers, content creators and other freelance suppliers are among those being encouraged to review their tax obligations.

📌 Key points:
✅ The £1,000 trading allowance applies to your total side hustle income, not each activity separately.

✅ If your combined earnings exceed £1,000 in a tax year, you may need to declare the income.

✅ Selling unwanted personal possessions is usually not taxable. Regular buying and selling for profit or providing paid services may be.

✅ New Self Assessment registrations for 2025/26 must be completed by 5 October 2026.

✅ Online tax returns and payments will be due by 31 January 2027.

If you're unsure whether your side income needs to be reported, now is a good time to review your position and seek advice if needed.

⚠️ Disclaimer:
This information is for general guidance only and should not be relied upon as tax advice. Tax treatment depends on individual circumstances, and professional advice should be sought before taking action.

💼 Tax Tip HMRC takes aim at side hustlesIf you earn extra income from a side hustle, HMRC is reminding taxpayers to chec...
03/10/2026

💼 Tax Tip

HMRC takes aim at side hustles

If you earn extra income from a side hustle, HMRC is reminding taxpayers to check whether they need to register for Self Assessment.

With wedding season in full swing, photographers, cake makers, content creators and other freelance suppliers are among those being encouraged to review their tax obligations.

📌 Key points:
✅ The £1,000 trading allowance applies to your total side hustle income, not each activity separately.

✅ If your combined earnings exceed £1,000 in a tax year, you may need to declare the income.

✅ Selling unwanted personal possessions is usually not taxable. Regular buying and selling for profit or providing paid services may be.

✅ New Self Assessment registrations for 2025/26 must be completed by 5 October 2026.

✅ Online tax returns and payments will be due by 31 January 2027.

If you're unsure whether your side income needs to be reported, now is a good time to review your position and seek advice if needed.

⚠️ Disclaimer:
This information is for general guidance only and should not be relied upon as tax advice. Tax treatment depends on individual circumstances, and professional advice should be sought before taking action.

Friday Fun FactReceipts from Income Tax, Capital Gains Tax and NIC's combined accounted for 59% of annual receipts with ...
02/10/2026

Friday Fun Fact

Receipts from Income Tax, Capital Gains Tax and NIC's combined accounted for 59% of annual receipts with VAT and business taxes the next largest contributors.

To put that into perspective, that's over £2.5 billion every day flowing into the UK's public finances. It's a mind boggling figure that underscores the scale of tax administration in the modern economy.

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Park Farm
Wellingborough

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Monday 8:30am - 5:30pm
Tuesday 8:30am - 5:30pm
Wednesday 8:30am - 5:30pm
Thursday 8:30am - 5:30pm

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