Yes That Counts - Bookkeeping & Accounting

19/06/2025

What a great day! The weather was kind, and I took the chance to get out and explore more of Kimberworth while posting some flyers for my local accounting services.

It was lovely meeting a few friendly faces along the way and always nice to connect with the community. If you spot one of my flyers or know someone who might need a hand with their finances, feel free to get in touch!

20/06/2023

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🌟 Customer Spotlight 🌟

We love hearing about how Nomi is empowering practices like that of Robert Vacarusi. His journey with us began with the bookkeeping module, and he soon discovered the 'true power' of Nomi, with seamless integration across multiple features - bookkeeping, payroll, CRM, final accounts, and self-assessment.

Why juggle 5 different software solutions when you can find everything you need in one place and for a fraction of the price? Thanks for your amazing review, Robert!

Switch to Nomi today and revolutionise your practice. 💼🚀

04/05/2023

🎉Exciting news🎉

We have some fantastic news to share with you all! We're excited to announce that we've partnered with Nomi! As your trusted accountants and bookkeepers, we always strive to provide you with the best financial management solutions, and this new collaboration with Nomi allows us to do just that! 🧡

Our partnership with Nomi means we can offer you cutting-edge tools and features that will simplify your accounting processes, save you time, and improve accuracy. You can say goodbye to those complicated spreadsheets and hello to an intuitive and user-friendly experience! 🚀

We can't wait to show you how our partnership with Nomi will benefit you and enhance your financial management journey. So, stay tuned for more updates! 💪🏼

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30/04/2023

🚨🚨Beware of HMRC scam! 🚨🚨

Attention all business owners! There is a scam going around where people are posing as HMRC and sending letters to trick you into paying outstanding amounts for PAYE and National Insurance Contributions. The letter looks very genuine, but the phone number belongs to the scammers.

Here is an example of what the letter may look like

If you receive anything similar, please do not pay anything or provide any personal information. You can report the scam to HMRC directly.

You can check if a letter is genuine with your accountant, by ringing HMRC using the phone number on the website, or by accessing the link below 👇🏻

https://www.gov.uk/guidance/check-if-a-letter-youve-received-from-hmrc-is-genuine

Stay safe! 🧡

11/04/2023

‼️Sole Traders: Do you know your tax obligations?‼️

As a sole trader in the UK, you'll be required to pay several different types of taxes. These include:

✅ Income Tax: You'll need to pay income tax on your profits from self-employment. You'll need to report your income and expenses on your self-assessment tax return and pay any income tax due by the deadline.

✅ National Insurance Contributions (NICs): As a sole trader, you'll need to pay Class 2 and Class 4 NICs on your profits from self-employment. Class 2 NICs are a flat weekly rate for those earning above the Small Profits Threshold (SPT), while Class 4 NICs are calculated as a percentage of your profits above a certain threshold.

✅ Value Added Tax (VAT): If your business's turnover exceeds the VAT threshold, you'll need to register for VAT and charge VAT on your sales. You'll also be able to claim back any VAT you pay on business expenses.

✅ Business rates: If you use a commercial property for your business, you may need to pay business rates to your local council.

✅ Corporation Tax: If you operate your business as a limited company, you'll need to pay corporation tax on your profits. However, as a sole trader, you won't need to pay corporation tax.

It's important to keep accurate records of your income and expenses, as well as your tax liabilities, to ensure that you pay the correct amount of tax and meet all the necessary deadlines. If you seek assistance or advice, we can help you manage your tax affairs and ensure that you're fully compliant with all tax requirements. 🧡

05/04/2023

❗❗Most efficient director salary in UK for tax year 23/24❗❗

Determining the most tax-efficient salary for a director in the UK for the year 2023/24 would depend on various factors, such as the director's personal circumstances, other sources of income, and the company's financial situation.

🔶Considering you're a director with no other employees, here is what we recommend:

1. Annual salary £9,100 (£758.33/month)
✅ director and company don't pay any National Insurance Contributions (NICs)
✅ no payments made to HMRC
✅ still qualify for state pension

2. Annual salary £12,570 (£1,047.50/month)
✅ director doesn't pay any NICs or Income Tax
✅ still qualify for state pension
✅ if spouse is unemployed or earn less that their personal allowance, they can transfer £1,260 which will increase the annual salary to £13,830
❌ company pays NICs

3. Dividends £2,000/year
✅ director pays no tax
✅ only doable if company traded longer than a year and there are profits
❌ director will have to declare the dividends in a Self-Assessment Tax Return

For any questions or advice, please contact us! If you need help with your Self-Assessment Tax Return, we're here to support you! 🧡

30/03/2023

I got asked this question recently and I thought there are definitely more business owners out there that could benefit from my answer. 👍🏼

Did you know that small business owners spend an average of 15 hours per week on financial admin? For someone working 50 hours a week, that would be 30% of their time. 😱 Time that could be spent on family, friends or just growing the business. If you're finding yourself buried in paperwork and struggling to keep up with your finances, it may be time to consider working with a bookkeeper.

A few benefits of having this extra help include:

⏰You'll save time: By outsourcing your financial admin to a bookkeeper, you'll have more time to focus on your business or friends and family.

✅You'll have more accurate records: Bookkeepers are experts at managing financial records and can help ensure that everything is accurate, up-to-date and compliant

😌You'll have more peace of mind: With a bookkeeper, you can rest easy knowing that your finances are in good hands.

Don't let financial admin tasks take up all your time and energy. From prices starting at £75/month we can create a bespoke bookkeeping package that suits your needs. Contact us today to learn more about how our bookkeeping services can help your small business grow.

30/03/2023

Working as an accountant means juggling multiple tasks at once 🤹🏼but with my trusty paper tablet, I can prioritize and stay on top of everything. ✅ Whether it's balancing the books or preparing tax returns, organization is key. 📚

How do you manage your daily tasks? 📝📑

28/03/2023

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❗️❗️❗️Attention all self-employed subcontractors! ❗️❗️❗️

Starting from April 6th, you can begin filling out your Self Assessment Tax Return to claim a CIS refund from HMRC. Don't miss out on the opportunity to get back the money you're owed for construction work. 🧰🧰

As a bookkeeping and accounting practice, we can help guide you through the process and ensure that everything is filed correctly. ✅So, if you're a self-employed subcontractor who's worked in the construction industry, get in touch with us today to make sure you're not leaving any money on the table. 💷

Let's work together to make sure you get the most out of your hard-earned money. Contact us today to get started! 📞