News

Tax Codes - do you know what they mean? It is the employees responsibility to make sure they are correct #taxcode #accountant #pay #taxes #gillingham

Statutory Sick Pay - Do you know about these changes ? Don’t get caught out! The new rules apply from April 2026. #smallbusiness #businessowner #employee #payroll #smallbusinesssupport

Last chance tickets. 🎫 The next Pink Network is Monday 11th May, 10-12 at lordswood leisure centre. Come along for a great event with like minded business people. Ticket link in bio #networkisyournetworth #kentnetworking #networking #eventsinkent #lordswood

Making Tax Digital for Income Tax has been in play for 1 month! How are you finding it? Are you up to date? Need any help? #smallbusiness #accountant #makingtaxdigital #businesswoman #medwaybusiness

Payroll- Do you understand it? Do you think it’s easy? Do you know the rules and regs? No… seek help from a professional #professional #payroll #employer #taxseasonready #kent

Controversial but I have heard this a lot lately! What do you think? #smallbusiness #accountant #businessowner #smallbusinesssupport #medwaybusiness

The next Pink Network is Monday 11th May, 10-12 at lordswood leisure centre. Come along for a great event with like minded business people. Ticket link in bio #networkisyournetworth #kentnetworking #networking #eventsinkent #lordswood

If you run a limited company in construction, understanding CIS offsets can make a real difference to your cash flow.

When CIS is deducted from your sales (as a subcontractor), those deductions aren’t lost, they’re credits against your company’s tax liabilities. At the same time, if you pay subcontractors under CIS, you’re responsible for deducting and reporting tax to HMRC.

Here’s the key point:
CIS suffered on your income can be offset against your PAYE liabilities, including tax and National Insurance. If your deductions are higher than what you owe, you may be due a refund.

It’s one of those areas that’s easy to overlook but can quietly tie up cash if not handled properly.

If you’re unsure whether you’re reclaiming everything you should be, it might be worth taking a closer look. #construction #constructionlife #smallbusiness #taxseason #kentbusiness

Sole Trader -Profits and Income Tax. What you will need to pay to HMRC for th profits you make. #profit #accountant #tax #kentbusiness #pay

Are you a New Business?
Is Business Tax new to you? Profit is where the tax is calculated.
There are different Tax Bands. Where do you fall?
Want to understand your numbers better?
We can help. We work closely with small businesses to help them be profitable.
#taxseason #businesssupport #taxes #businessowner #accountant

P60’s. Do you know the deadline to send these to staff? 31st May all employees should receive them by. #p60 #payroll #employer #accountant #deadline

Business expense or not business expense… do you know the difference? Lunch is a questionable expense. Know the rules. #lunch #expenses #accountant #businessowner #smallbusinesssupport

Reviews are the best compliment a business can receive! Please take the time to review our services on Google. #review #googlereview #accountant #smallbusiness #businesswoman

Eye tests can sometimes be claimed or provided tax-free, but only in specific situations. The rules mainly apply to employees who use computer screens for work-
Eye tests – usually allowed
If an employee regularly uses a computer or screen as part of their job, employers must provide access to eye tests under health and safety regulations.
The cost of the eye test can be paid by the employer tax-free.
The employer does not need to report it to HMRC and there is no tax or National Insurance to pay.
#accountant #businessowner #employers #smallbusiness #businesssupport

Did you know? Making Tax Digital for Income Tax turnover changes. #didyouknow #makingtaxdigital #accountant #kentbusiness #smallbusiness

High Rate Child Benefit. If you or your partner earn over £60k you need to start paying it back. By the time your income is £80k you should cancel the claim as you will be required to pay back the full amount of child benefit #smallbusiness #benefit #income #household #savingmoneytips

Making Tax Digital for Income Tax is now LIVE! Are you ready? Are you compliant? #makingtaxdigital #taxchanges #compliance #accountant #smallbusiness

Changes to rates you need to be aware of from April 2026. Ensure you know the implications of these increases. #smallbusiness #accountant #businesstips #businessowner #smallbusinesssupport

The tax year is OVER!! Today is the last day of the 2025/2026 tax year! Gather your records. Get your self assessment prepared. Finalise your submissions. Collate your reports #smallbusiness #businessmindset #businessowner #yearend #accountant

National Minimum Wage increases! Ensure you are paying your employees the correct hourly rate. #Employer #employee #livingwage #smallbusiness #businesstips

My FAVE software just keeps on delivering the goods! Not used Xero payroll before? You are missing out! Payroll year end made easy! Thanks Xero @xero #xero #beautifulbusiness #payroll #employer #accountant

New tax year…self assessments can be submitted. If you are a keen bean, drop me a DM to get your self assessment completed #smallbusiness #accountant #selfemployed #selfemployedlife #smallbusinesssupport

Network is your net worth! Come along to your local small business networking events! The next PINK NETWORK is Monday 11th May 2026. 10 am -12 pm at Lordswood Leisure Cente. Tickets 🎟️ in bio #smallbusiness #networking #network #networth #kentbusiness

Month 12 Payroll processes. Ensure you get it correct or your employees could end up with the wrong information on their P60. #smallbusiness #employer #employees #gillingham #accountant

Statutory Sick Pay Changes (SSP) from 6th April 2026

Did you know these changes were happening?
If you are an employer, you need to know the rules and keep up to date with how to pay your staff.
If you do not pay staff correctly, this can come back to bite you on the bum!

DM for help with your monthly payroll. Prices start at £35 per month. Such a small fee to be compliant!

#employers #employmentlaw #employmentopportunities #businesssupport #smallbusiness

Are you self-employed or a landlord?

From April 2026, Making Tax Digital for Income Tax will require some taxpayers to keep digital records and submit quarterly updates to HMRC.

✔ Check if it applies to you.... Do you have turnover of £50K? - Yes - MTDIT applies to you
✔ Start using compatible software
✔ Submit quarterly submissions to HMRC #follow
#accountant #smallbusiness #makingtaxdigital #gillingham taxtips
Think you need to be compliant?
DM us to get compliant.

Xero is honestly the best! Message me today for the HUGE discount @xero #xero #simplythebest #accountant #makingtaxdigital #smallbusiness

“If your turnover hits £90k, you should register as a limited company.”

I think this one causes more confusion than clarity. The £90k figure is about VAT registration, not whether you should be a sole trader or a limited company. Two completely different decisions, for different reasons. #accountant #smallbusiness #taxseason #limitedcompany #soletrader

Leasing a car through your company can offer useful tax reliefs. Lease vehicles are generally tax deductible for corporation tax, though a restriction can apply for higher CO₂ emissions. VAT recovery depends on business use and can be restricted for private use, and employees using the vehicle personally may trigger a benefit in kind. Getting the structure right can have a real impact on your business. #smallbusiness #businesstips #smallbusinesssupport #vehicle #tax

Due Diligence is so important for a business. Do not cut corners! Be thorough and don’t be scare to ask the questions and then reject the client/customer. If you accept without undertaking due diligence then you could find yourself in a situation you do not want to be in. #smallbusiness #smallbusinesssupport #duediligence #questioneverything #accountant

When you surround yourself with incredible business women, anything can happen! Lucky enough to call these business women friends & family! #internationalwomensday #iwd #businesswoman #woman #businessowner

Student Loan Threshold Changes from 6th April 2026

Did you know these thresholds are changing?
Do you fall under the new Plan 5?

You will see the change on your Month 1 payslip.

#smallbusiness #businesssupport #incometax #taxes #students

The annual allowance is the maximum amount of pension contributions you can make in a single tax year and still get full tax relief.
This total includes all contributions:

Personal contributions (including tax relief)

Employer contributions made by your company

Contributions made by others on your behalf

When you make personal pension contributions, you get income tax relief

Company contributions:

Can be made by your limited company directly into your pension.

Are typically tax deductible for Corporation Tax purposes if they meet the “wholly and exclusively” business test.

Still count towards the £60,000 annual allowance for pension tax relief for you personally
#smallbusiness #accountant #gillingham #businessowner #kent

Are you one of the 6.5 million self employed people using an accountant or are you part of the minority 4.98 million who didn’t? You 4.98 million are missing a trick. An accountant is there to help you, guide you, provide tax advice, save you money, support your business in ways you can’t or don’t know how too! DM for self assessment help! #accountant #taxsaving #smallbusiness #facts #gillingham

Pink Squared Accountants is 3 today!! Can you believe it! #happybirthday #3today #accountant #celebrate #businesswoman

The March Networking event is Monday 9th March 2026. 10am-12pm at the Quee Suite in Lordswood Leisure Centre! Due to our new venue we are offering ‘bring a friend’ for free! TICKET LINK IK BIO. #networking #network #localevents #kent #gillingham

Do you know your monthly profit or loss? Do you know your profit margin? Do you check your bank balance? No… these simple reports and understanding of your figures are crucial for success. DM us for help #smallbusiness #accountant #businessowner #smallbusinesssupport #taxseason

My Monthly Money Routine For My Business....
Do you have a Monthly Money Routine? If not, this is essential for every business to have in place!

The Money Routines help businesses understand the numbers. Good or Bad!

Not sure on how to start this routine? DM us for help

#taxseason #bookkeeping #accountant #smallbusiness #gillingham

Questions and answers from a recent networking group on making tax digital for income tax #qanda #questions #makingtaxdigital #incometax #accountant

What happens when you do not take your business finances seriously? Swipe———> to find out #accountant #businessfinance #businesssuccess #kentbusiness #taxseason

Xero or Quickbooks? What is your choice? We all know what I prefer… Xero! It is the best! No issues with pots just perfect every time #smallbusiness #smallbusinesssupport #xero #smallbusinessowner #accountant

Hire purchase Tax Facts

* Hire purchase, the company legally owns the vehicle from day one, so you can claim capital allowances on the purchase price.
* The capital element of HP isn’t deductible as an expense, but you still get the allowances. The interest element is a deductible business expense.
* If the company is VAT-registered: you generally can’t reclaim VAT on a car purchase unless it’s 100 % business use with no private use at all
* If the car is available for private use (including commuting) by a director/employee, this triggers a benefit-in-kind (BIK) tax charge
* The company can deduct running costs (insurance, servicing, fuel where used for business) against profits
#hirepurchase #HP #companycar #taxtips #accountant

Marriage Allowance (UK) is a way for some married couples (or civil partners) to pay less income tax.

If one partner earns less than £12,570 a year (the tax-free Personal Allowance),

And the other partner earns between £12,571 and £50,270 (basic rate taxpayer),

The lower-earning partner can transfer £1,260 of their unused tax-free allowance to the other.

What does that mean in money?

It can reduce the higher earner’s tax by up to £252 per year.
DM for full guidance

#love #accountant #smallbusiness #married #valentinesday

As the tax year is drawing to an end. Make sure you are using these tax free allowances to the max. Tax reduction is always a hot topic! Using these allowances each year really does help! #accountant #businessowner #businesswoman #taxseason #medwaybusiness

Providing a service and making sure it is a good service is key! We offer a personal service to each client. Always reply. Share our knowledge and are always accessible! Choose your accountant wisely. #accountant #medwaybusiness #accountants #gillingham #smallbusiness

Are you a director? Did you know this? Have you heard of employment allowance? Do you know how National Insurance works? There are lots of tax efficient ways to take money out of a limited company. DM us for more info. #accountant #dm #businesssupport #taxseason #helpushelpyou

Limited company reminder.

If you’re a Person of Significant Control, you must complete ID verification with Companies House and share your personal verification code with your accountant. Without the PSC ID verification code, filings and updates for your limited company can be delayed or rejected.

I think this is one of those quick compliance tasks that’s easy to overlook, but it keeps your company records accurate and fully compliant. #verify #id #director #accountant #businessowner

The next Pink Network- Get your tickets now! 📍New Venue- Quee Suite Lordswood Leisure Centre TICKET LINK IN BIO

Employer top tips to pay your employees correctly. Get it wrong and you could be in trouble! Always get a payroll expert to ensure you are complaints and paying your employees correctly! It’s not worth the risk of getting it wrong. #taxtips #employer #payroll #smallbusiness #smallbusinesssupport

Directors tax from April 2026. Make sure you know your figures. This is the increase set out by the autumn budget. A combination of payroll & dividends is always the most tax efficient #smallbusiness #accountant #taxseason #businessowner #medwaybusiness