Highlight Bookkeeping & Accounts

Highlight Bookkeeping & Accounts Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Highlight Bookkeeping & Accounts, Suttons Lane, Hornchurch.

Bookkeeping & Accounts Pay-Monthly Packages that suit all budgets, from Sole Trader Tax Returns and Monthly Bookkeeping to VAT Returns, Payroll, Annual Company Accounts and more

Let’s talk AI… It’s a hot topic and we’re hearing a lot of “I know I shouldn’t, but I asked ChatGPT”The answer you get f...
08/06/2026

Let’s talk AI…

It’s a hot topic and we’re hearing a lot of “I know I shouldn’t, but I asked ChatGPT”

The answer you get from AI is only as thorough as the question you ask, there are many factors to “simple” questions which are being forgotten and causing confusion!

AI is amazing , its endless knowledge is impressive, but please don’t rely on it for tax strategies and life decisions….yet

“How much should I save for tax?”It’s one of the most common questions we get from self-employed business ownersA good r...
01/06/2026

“How much should I save for tax?”

It’s one of the most common questions we get from self-employed business owners

A good rule of thumb?
Put aside 20-30% of your profits into a separate savings account as you go.

That way, when your tax bill arrives, it’s an inconvenience... not a panic
Remember:
✔️ Tax isn’t based on what’s in your bank account
✔️ Your first bill may include Payments on Account
✔️ It’s much easier to save little and often than find the amount at the deadline

Future you will be very grateful.

How do you save for tax? separate account, savings pot, or a game of financial roulette? 👇😆

Fake HMRC scams are getting more believable by the day,We’ve had clients recently making us aware of messages/emails tha...
21/05/2026

Fake HMRC scams are getting more believable by the day,

We’ve had clients recently making us aware of messages/emails that look genuine at first glance,but are actually scammers trying to access bank details and personal information. We know scam calls are also on the rise too.

Please slow down before clicking or responding to anything, especially messages designed to make you panic quickly.

A few reminders:
• HMRC won’t threaten action over text
• HMRC won’t ask for bank details by text message
• Don’t answer questions on a phone call , say you will call back , and call HMRC directly yourself (numbers on their website for different services)
• Always log into your HMRC account directly through GOV.UK

Small business owners already have enough stress without scam messages thrown into the mix 🙃

Save this post so you know the signs

18/05/2026

the freedom is amazing honestly…

freedom to work from anywhere
freedom to build something for yourself
freedom to do the school runs, gym sessions and random coffee trips in between work

but nobody tells you the “freedom” also comes with:
replying to emails at 10pm
checking your phone on holiday
saying “just one more thing” 14 times a night
somehow doing 150 hours in a 7 day week

wouldn’t change it though 🫶🏼

You might not feel like you’re “smashing it” every day…but if any of these 10 sound familiar, you’re doing way better th...
11/05/2026

You might not feel like you’re “smashing it” every day…

but if any of these 10 sound familiar, you’re doing way better than you think !

Running a business doesn’t always look like fancy offices, six-figure launches and viral reels.
Sometimes it looks like:
repeat customers
raising your prices without guilt
actually enjoying what you’ve built (most of the time)

So if you’ve been waiting for a sign that your business is successful, this is it.

📍 Tag a small biz friend who needs the reminder!

Have a full time job and work for yourself on the side? This one’s for you!Each year your employer will send you a P60, ...
08/05/2026

Have a full time job and work for yourself on the side? This one’s for you!

Each year your employer will send you a P60, this shows the tax you have paid in the previous tax year (6th April - 5th April)

You will need to include the figures from your P60 on your self assessment tax return you submit for any self employed income

You only get one Tax Free Personal Allowance so if you use this in your full time job, you will be liable for paying any due tax on the income you receive separately 🙃

One of the most common questions we get asked is“how do I pay myself a wage?”There are different ways this can be done d...
05/05/2026

One of the most common questions we get asked is
“how do I pay myself a wage?”

There are different ways this can be done depending on if you are a Sole Trader or Director of a Limited Company

Yes there’s lots of Instagram videos on how to pay yourself ### amount tax free as a limited company but they usually fail to mention corporation tax when putting out these videos!

Make sure you check the most tax efficient way to draw your money depending on your structure so you have no tax surprises!

Super easy receipt hack!Having an email purely for receipts/ invoices makes life MUCH easier and it’s super quick to fi...
30/04/2026

Super easy receipt hack!

Having an email purely for receipts/ invoices makes life MUCH easier and it’s super quick to find what you’re looking for .

For next level receipt keeping ,if you use a invoice/receipt portal, set up an auto forward rule so you don’t even have to remember to upload it later ✌🏼

P60, what is it and what to do with it…ℹ️ If you’re employed you will receive a P60 , if you also work self employed/hav...
27/04/2026

P60, what is it and what to do with it…

ℹ️ If you’re employed you will receive a P60 , if you also work self employed/have a side hustle you will need to include the figures on your tax return

ℹ️ If you’re a sole trader you will not receive a P60, however if you are a director of a limited company and draw a salary then you will

ℹ️ Your P60 from your employer shows the tax you have already paid via PAYE, which is why if you have self employed work this will need to be included on your tax return to show tax already paid

ℹ️ You should always check your P60 to make sure it’s correct incase of any wrong tax codes

Hope this helps 🤓

VAT… the thing everyone nods along to but secretly hopes doesn’t come up in conversation…Here’s the simple version :If y...
24/04/2026

VAT… the thing everyone nods along to but secretly hopes doesn’t come up in conversation…

Here’s the simple version :
If your business is VAT registered, you’re basically collecting tax on behalf of HMRC

There are two common ways to do it:
1. Standard VAT Scheme (the “normal” way)
You:
Charge VAT on your sales (usually 20%)
Reclaim VAT on your business purchases
👉 You only pay HMRC the difference
(what you charged customers minus what you paid out)
Good for:
Businesses with lots of expenses (because you can reclaim that VAT back )

2.Flat Rate Scheme (the “simpler but sneaky” one)
You:
Still charge customers 20% VAT
BUT instead of working it all out… you pay HMRC a fixed percentage of your turnover (this % depends on your industry)
👉 You don’t usually reclaim VAT on purchases (except big assets)
Good for:
Service based businesses with low expenses
(you might actually keep a small portion of the VAT 👀)

So what’s the actual difference?

Standard is more accurate, more admin, better if you spend a lot
Flat Rate is simpler, less admin, better if your costs are low

How it affects your business:
Impacts your pricing (because VAT gets added)
Affects your profit (especially if you pick the wrong scheme)
Changes how much admin/bookkeeping you’ll need

It can either save you money… or quietly cost you 👀

Honestly, not every business should be on flat rate just because it sounds “easier” and not everyone benefits from standard either.

This is one of those “it depends” areas… but getting it right can make a big difference over a year.

If you’re VAT registered (or about to be), this is your sign to double check you’re on the right scheme 👀

Also if you made it all the way down here 👏🏻 thanks for reading!

Address

Suttons Lane
Hornchurch
RM126RJ

Opening Hours

Monday 9am - 6pm
Tuesday 9am - 6pm
Wednesday 9am - 6pm
Thursday 9am - 6pm
Friday 9am - 6pm

Telephone

+441708984470

Website

,

Alerts

Be the first to know and let us send you an email when Highlight Bookkeeping & Accounts posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Highlight Bookkeeping & Accounts:

Shortcuts

Share