Alchami Accounting

06/06/2026

The government has announced a significant £4 million funding boost to strengthen debt advice services for small businesses and the self-employed. 🤝 

We know that running a business comes with its fair share of challenges, and sometimes financial pressures can mount up.

This new funding is designed to help an additional 16,000 businesses access expert, impartial guidance to help them regain control, stabilise their finances, and plan for a brighter future. 

At Alchami Accounting Ltd, we believe that proactive financial management is the best way to keep your business thriving.

Whether you’re looking to better manage your cash flow or need guidance on navigating tough financial waters, knowing where to turn for the right support makes all the difference.

Key takeaways:

✅ £4 million in new funding for expert debt advice.

✅ Focused support for small business owners and sole traders.

✅ Access to the Business Debtline for free, impartial guidance.

If you’re feeling the pressure, don’t face it alone.

Whether it’s reaching out to these new support services or chatting with us about your current financial health, we’re here to help you get back on track.

Stay informed, stay resilient. 🚀

06/06/2026

05/06/2026

Do you sell on platforms like Vinted, eBay, or Airbnb?

If you’ve noticed new prompts or emails from these sites recently, it’s all part of the updated digital reporting rules.

Since 2024, online platforms have been required to collect and verify information about seller activity and share this data with HMRC. 📉 

Does this mean you’re being taxed on your old clothes? 👗

Not necessarily! The reporting rules are about transparency, not catching out people who are just having a seasonal wardrobe clear-out.

Here is what you need to know:

📍 The Reporting Thresholds: Platforms generally share data if you sell 30+ items or earn approximately £1,725 in a calendar year.

✅ Hobby vs. Trading: Selling your personal unwanted items occasionally is generally tax-free.

However, if you are trading (buying to resell, making items for profit, or providing regular services), you are likely liable for tax.

💡 The £1,000 Rule: You have a £1,000 “Trading Allowance” each tax year. If your total gross trading income is under this, you generally don’t need to register for Self-Assessment or pay tax on it. 

Stay Organised:

If you are running a business through these platforms, record-keeping is your best friend. Keeping track of your sales and expenses now makes tax season a breeze later! 🌬️

Feeling unsure about your status?

If your online side hustle is growing, or you’re worried about whether you’ve hit a reporting threshold, we’re here to help you get clarity.

🔗 Tap the link in our bio to book a chat with the Alchami team and stay on the right side of the tax man!

05/06/2026

Are you a landlord?

Knowing the rules on rental income is the best way to ensure you’re tax-efficient and compliant. 📈

The good news: You aren’t taxed on your gross rent—you’re taxed on your rental profit. This means you can deduct various allowable expenses to lower your tax bill!

Here is what you need to know:

✅ The Property Allowance: You can benefit from a £1,000 tax-free allowance on your rental income each year.

✅ Allowable Expenses: From letting agent fees and insurance to repairs, maintenance, and advertising costs—these can all be deducted from your rental income.

✅ Replacement of Domestic Items Relief: Replacing furniture, white goods, or carpets for your tenants? You may be able to claim relief for these costs! 🛋️

✅ Capital Expenditure: Remember, costs that enhance or improve a property (rather than just maintaining it) are usually treated as capital expenditure and aren’t deductible as day-to-day expenses.

A quick note on National Insurance:

Depending on your activity level, you may be eligible to pay Class 2 or Class 3 National Insurance contributions—helping you protect your State Pension and benefit entitlements. 🛡️

Need help with your property tax return?

Navigating rental income can be complex, especially if you own multiple properties or are dealing with loss carry-forwards.

At Alchami Accounting Ltd, we help property owners stay on top of their obligations so they can focus on their investments.

Let us help you streamline your property accounting.

🔗 Click the link in our bio to book your tax review with our team!

05/06/2026

Are you paying more tax than you need to?

If you’re self-employed, knowing exactly what you can claim as an ‘allowable expense’ is one of the quickest ways to reduce your tax bill. 💸

The golden rule? Expenses must be incurred “wholly and exclusively” for the purpose of your business. If you’re mixing business and personal, you can only claim the business portion! 

Here are some common areas where you could be saving:

🏢 Office & Premises: Rent, utilities, business insurance, stationery, and software subscriptions.

🚗 Travel: Fuel, parking, and public transport for business journeys (not your daily commute!).

📣 Marketing & Admin: Website costs, advertising, and professional subscriptions.

📦 Stock: The cost of raw materials or goods for resale.

🏠 Working from Home: You can claim a proportion of your household bills (heating, internet, etc.) or use HMRC’s simple flat-rate allowance.

👩‍💼 Staff: Salaries, subcontractor fees, and relevant training courses. 
Not sure where to start?

Getting your expenses right is key to staying compliant and keeping more of your hard-earned profit in your pocket.

At Alchami Accounting Ltd, we help our clients maximize their returns and plan for the future. From navigating HMRC’s simplified expenses to streamlining your bookkeeping, we’ve got your back.

Ready to stop guessing and start growing? 🚀

🔗 Click the link in our bio to book a consultation, or give our award-winning team a call on 0330 088 8482.

02/06/2026

📱 Is your local bank branch disappearing?

The way we bank has changed, but for many small businesses, the loss of high-street branches is more than just an inconvenience, it’s a real headache for cash management, security, and daily operations. 🏦💨 

The government has officially launched an independent review into access to face-to-face banking services.

Led by Richard Lloyd, this review is looking into the real-world impact of branch closures and will help determine if new, stronger measures are needed to keep banking services accessible across the UK. 

Why this matters for your business:

If your firm relies on local cash handling, deposit services, or in-person support, these closures often mean:

- Increased admin time. 
- Security concerns when transporting cash. 
- Longer travel times to find the nearest facility. 

The review is set to report its findings by October 2026, which will inform potential new government powers to protect essential banking services. 

At Alchami Accounting Ltd, we understand that behind every business is a need for reliable financial infrastructure. We’re keeping a close eye on this review and its potential impact on our local business community.

Do you still rely on your local branch, or have you fully moved to digital?

Let us know your thoughts in the comments below! 👇

02/06/2026

📢 Important Update for UK Business Owners! 📢

Companies House has just released its Business Plan for 2026-27, and it’s clear that reforms are moving into high gear.

If you’re a director or run a business, here is what you need to know:

🔍 Focus on Accuracy:

There is a major push to improve the quality of data on the register.

Expect more automated checks and proactive removal of inaccurate information.

⚖️ Tackling Economic Crime:

Companies House is intensifying its collaboration with law enforcement, sharing more data, and taking targeted enforcement action against those abusing the system.

👤 Identity Verification:

The rollout of identity verification for directors and people with significant control (PSCs) is a top priority this year.

Ensuring your compliance is essential to keep your records in good standing.

💡 What this means for you:

The corporate landscape is becoming more scrutinised.

Maintaining accurate, transparent, and up-to-date company information is no longer just good practice, it’s a critical compliance requirement.

At Alchami Accounting Ltd, we are here to help you navigate these changes, ensure your filings are accurate, and keep your business fully compliant with the latest regulations.

Need help verifying your details or updating your records? Get in touch with our team today! 📈

30/05/2026

Great session today at Northern England Regional Event!

A huge thanks to the speakers for the invaluable insights, Robin Murray for hosting a brilliant evening of networking, Andrew Cussons for the roadmap to business and growth strategies, & Alex from the for the essential economic update and macro perspective.

It’s clear that navigating digital transformation and talent shifts will be the defining challenges for 2026.

Great to connect with so many professionals across the North!

30/05/2026

HUGE news!

I am absolutely thrilled to announce that I’ve been shortlisted for Emerging Professional of the Year at the 2026 IFA Awards! 🏆

Building Alchami Accounting Ltd, from the ground up has been an incredible journey, and my goal has always been to provide the best possible service to our amazing clients.

To have my work recognised by the Institute of Financial Accountants ( )on such a big stage is a massive honor.

A massive THANK YOU to all our clients, supporters, and friends who have been part of the Alchami Accounting Ltd story so far.

I also want to give a shoutout to the category sponsor, ebnow!

Next stop: London! 🇬🇧 I can’t wait to attend the IFA Conference and awards reception at the beautiful Royal College of Physicians on June 25th.

Congratulations to all my fellow nominees, see you there!

30/05/2026

🛡️ Is Your Business Truly Protected? 🛡️

Losing a key person can be a major hit to any business.

That’s why “Key Person Insurance” is so vital. But did you know how you structure it can change your tax bill?

At Alchami Accounting Ltd, we want to make sure your protection is working as hard as you are.

Quick Tax Tips:

✅ When can you claim tax relief?

Usually, if the policy is “pure risk” (term insurance) and solely designed to protect your business against the loss of that person’s services.

❌ When can’t you?

If the policy has an “investment element” (like whole-of-life) or is covering capital losses (like loan repayments), HMRC often treats this as a capital cost, meaning no tax relief on premiums.

The Bottom Line:

Deductible Premiums? The payout is usually taxable as income.

Non-Deductible Premiums? The payout is usually tax-free.

Confused? You aren’t alone.

Insurance and tax rules are tricky.

Don’t guess, get it right.

Let’s sit down and review your business continuity plans to ensure you’re tax-efficiently protected.

📩 DM us or visit our website to book a chat!