Great news for families! The threshold for the High Income Child Benefit Charge has increased to £60,000 for the 2024/25 tax year. Check if you're now eligible for full Child Benefit! gov.uk/government/pub…

Capital allowances are a type of tax relief for businesses. They let you deduct some or all of the value of an item from your profits before you pay tax. You can claim capital allowances: ✅ equipment ✅ machinery ✅ business vehicles, for example vans, lorries or business cars

Expenditure: This is the money your business spends to keep running. It's the money going out! 💰 Examples include rent, salaries, supplies, marketing costs, and taxes. Expenditure is like having holes in the bucket. The more you spend, the faster the water drains!

Revenue: This is the income your business generates from its core activities. It's the money coming in! 💸 Examples include sales of products or services, commissions, and interest earned. Revenue is like filling the bucket with water. The more you sell, the fuller the bucket.

Wondering how HMRC slices up your hard-earned income? 🤔 Personal Allowance: Up to £12,570 tax-free 🎉 Basic Rate (20%): Income between £12,571-£50,270 Higher Rate (40%): Income between £50,271-£125,140 Additional Rate (45%) over £125,140 💰 NICs are on top of income tax

Where a person runs their business as a sole trader, the tax due on the profits of the business is not worked out in isolation. Rather, the liability is that of the individual, with the profits from the business being taken into account to work out their personal tax liability.

"Sole traders and Directors of Limited Company, Monitoring cash flow is crucial for your business! Stay on top of your income and expenses to ensure you can cover your costs, plan for the future, and avoid unexpected shortfalls"

💼 Small Business Owners: Take Control of Your Finances! Budgeting isn't just for big corporations. As a sole trader or small business director, a well-crafted budget is your financial roadmap to success. 🗺️ Track Income & Expenses 🔍 Identify Areas to Save 💰 and Growth 🚀

Don't stress! It's all about knowing your thresholds: Personal Allowance: Everyone gets a slice of tax-free income 🤑 Basic Rate (20%): For most of us, this is the main rate Higher Rate (40%): If you're crushing it in your business 💪 Additional Rate (45%): Earning the big bucks

Interest rates finally cut | AccountingWEB accountingweb.co.uk/business/finan…

J A M A I C A, You all gave me the chance to represent you on the world stage — to wear our colours with pride, show the world the strength, resilience, and the heart of our people. Everything I’ve achieved started right here at home. 🙏🏾 Now, as so many of our children,

Are you drowning in business admin? Automation is the answer. We’ll help you identify automation opportunities and choose the best apps to drive an efficient business. #pinnockaccounting.co.uk #sittingbourne #smallbusinessowner #smallcharities public2.bomamarketing.com/cp/4odTIhcGQzL…

What are the key reports to focus on in your business? We'll show you how to track performance, take action and position your company for growth. #pinnockaccounting.co.uk #smallbusinessower #sittingbourne #taxreturns #statutoryaccounts public2.bomamarketing.com/cp/6CRkrzIFArt…

59% of Brits admit that they’ll use AI to help with their tax return. We share 4 key reasons why you should avoid using AI for tax advice and why you need a human tax adviser. #pinnockaccounting.co.uk #sittingbourne #taxreturn #soledirector #soletrader public2.bomamarketing.com/cp/7jDHvaulYHW…

Budget 2025 aims to get the UK economy back on track. But what will the Chancellor’s announcements mean for your small business? We have the Budget lowdown. #pinnockaccounting.co.uk #sittingbourne #taxreturn #soletrader #soledirector public2.bomamarketing.com/cp/3eS2iNaT1Yo…

Working for yourself or running your own business? Setup robust systems for expenses & tax requirements so you can focus on your important tasks. We can help take the headaches out of your business accounting. #freelancelife #tax #pinnockaccounting.co.uk public2.bomamarketing.com/cp/2EPhGVXftio…

Small, micro and dormant UK companies will soon be unable to file abridged accounts. Find out what this means for your business, and why you’ll also need to file your accounts digitally. #CompaniesHouse #filing #accounts #pinnockaccounting.co.uk public2.bomamarketing.com/cp/4YrDZHBY4IY…

This time of year can be hard on small businesses. With a bit of pre-planning and being proactive, you can set yourself up for a financially stress-free holiday. Talk to us. We can help. #smallbusiness #cashflowtips #taxreturn #accounts #pinnockaccounting public2.bomamarketing.com/cp/2CmKpoV2jCY…

🚀 Happy Monday, Sole Traders! The clock is ticking for your Self Assessment tax return due by 31 January 2026. 📅 Begin by gathering all your financial records, including income, expenses, invoices, and bank statements? 📞 Get in touch. #SelfAssessment #pinnockaccounting.co.uk

💼 Knowing which costs are deductible is crucial in minimising your tax liability. Revisit your records and ensure nothing is left out. If the numbers seem overwhelming, don’t worry—I am a call away to help make your tax submission a breeze. #pinnockaccounting.co.uk #kent