LSB Accountancy Services Limited

23/10/2026

Think the VAT Flat Rate Scheme always saves money? Not always. You pay HMRC a fixed rate and keep the difference between that and what you charge customers, but you cannot reclaim VAT on purchases, except certain capital assets over £2,000.

Choose the wrong rate and you could pay more VAT than you need to, or miss the point at which you must leave the scheme.

LSB Accountancy helps by:
- checking whether your VAT taxable turnover lets you join
- confirming the right flat rate for your business type
- spotting whether you count as a limited cost business

Considering the Flat Rate Scheme? Talk to us before you apply.

Not sure where to start? Contact us at https://lsbas.co.uk/ —we can help.

21/10/2026

Letting agent statements can look straightforward, but the figures on them do not always match what actually needs recording in your accounts.

Fees, maintenance costs, and rent are often bundled together, when each needs to be captured separately for accurate reporting.

Relying solely on these statements without cross checking can lead to overlooked expenses or income being recorded incorrectly.

LSB Accountancy helps landlords reconcile letting agent statements properly, keeping records accurate across every property.

Get in touch to find out more.

Let’s talk about how we can help. Contact us at https://lsbas.co.uk/

19/10/2026

This week at LSB Accountancy💡

Since 1 October, over 10,000 small manufacturers across Britain have had a new lifeline: the British Industrial Competitiveness Scheme, cutting electricity costs by up to 25%, plus a bonus lump sum for early applicants. Paired with the British Industry Supercharger's boosted discounts, it's a real shot in the arm for steel, glass, cement and chemical firms. ⚡ With applications open until November 2026, could this be the spark that keeps British manufacturing competitive? What do you think?

16/10/2026

Think the Flat Rate Scheme always means paying less VAT? Not always. You pay a fixed rate to HMRC and keep the difference, but you cannot reclaim VAT on purchases, except certain capital assets over £2,000.

If you spend little on goods, you may be a limited cost business paying 16.5%, and you must leave if turnover exceeds £230,000 including VAT.

LSB Accountancy helps by:
- checking the flat rate for your business type
- confirming your VAT taxable turnover meets the £150,000 or less joining test
- watching turnover against the leaving threshold

Unsure whether it suits you? Get in touch before you apply.

Not sure where to start? Contact us at https://lsbas.co.uk/ —we can help.

14/10/2026

Payroll figures that do not match year end reports are a common issue for growing businesses.

Payroll records need to align with year end accounts, pension submissions, and tax filings throughout the year.

Discrepancies between payroll data and financial reports can lead to compliance queries and reporting delays.

LSB Accountancy reconciles payroll records with your wider accounts, keeping figures accurate and audit ready.

Contact us to find out how our payroll service supports clean, consistent reporting all year round.

Want to know how our service can help you? Contact us at https://lsbas.co.uk/

12/10/2026

More Than Accountants, Your Partner in Business Growth 📘

Running a business is challenging enough without worrying about your finances. LSB Accountancy Services provides practical, tailored support across bookkeeping, accounts preparation, taxation, VAT and and many more.

Helping businesses stay compliant, financially organised and prepared for the future.

Contact us to find out more about how we can support your business.

09/10/2026

Think Capital Gains Tax only comes up when you sell your home? Often it's the reverse. You may owe CGT on the gain when you dispose of property that isn't your home, such as buy-to-let, business premises, land or inherited property.

Most UK property sales must be reported and paid within 60 days, so leaving it until later can catch you out.

LSB Accountancy helps by:
- working out your gain and the costs you can deduct
- checking reliefs, including on property used for business
- handling reporting and payment within the 60 day window

Planning a property sale? Talk to us before you complete.

Not sure where to start? Contact us at https://lsbas.co.uk/ —we can help.

07/10/2026

Running rent for three different properties through one personal bank account might feel simpler, but it quickly makes bookkeeping harder to untangle.

Every property has its own income, expenses, and letting agent statements, and keeping these separate makes for clearer reporting when tax return season comes around.

Without that separation, reconciling figures becomes time consuming and expenses can be harder to match to the right property.

LSB Accountancy helps landlords bring structure to their bookkeeping, property by property.

Get in touch to find out more.

Let’s talk about how we can help. Contact us at https://lsbas.co.uk/

05/10/2026

📊 More than just an accountant

Running a business is demanding enough without worrying about bookkeeping, tax returns, payroll, VAT or whether your accounts are telling you what you really need to know.

At LSB Accountancy Services, we provide flexible, practical accountancy support designed around your business, giving you the information and advice you need, when you need it.

📞 Why not have a conversation about how we could help? Call us on 07368 812064

29/09/2026

As a local business, we're proud to support Taunton Youth FCCT U13's this football season ⚽

We look forward to following their progress throughout the season!

u13s Player of the Match, sponsored by LSB Accountancy Services Limited was McCartney🏆

Carts is not a talker but a doer, calm, reads the game, puts a foot in when he has to.

Next up Cam at CDM- the heartbeat today, good positioning, good awareness, everything you need in that position.

Followed by Rocco- a live wire again, unplayable at times, great team player, fantastic work ethic.

Well done guys 👏
🦚⚽🦚