Accord Accountancy

15/05/2026

DIY Accounting's Real Hidden Danger

Many business owners manage their own books to cut overheads. In reality, this often leads to missed tax efficiencies and massive time drains that cost far more than outsourcing.

The financial landscape is becoming increasingly complex. For example, the UK government is legislating a 60-day cap on payment terms to address the late payment crisis.

If you miss how these regulations impact your specific cash flow, the penalties can outweigh any software savings. You deserve a proactive strategy that protects your margins.

I am here to help you understand your financials. Contact us via email at [email protected] or call us on 07769204822

12/05/2026

UK Owners: Cashflow Crisis Coming?

Many business owners fixate on profit margins, but that is a dangerous trap. Profit is a reporting metric for the books, not money in the bank.

You know, it can easily mislead you about your actual financial health.

I recently worked with an owner who was profitable on paper but still faced a constant cash squeeze. The solution was not about cutting costs, but adjusting his pricing strategy to protect liquidity.

The real question is exactly how much liquid cash is moving through your accounts. That is where real financial control begins.

I am Yousuf Malik, and I help businesses move beyond basic compliance to proactive financial strategy. Contact me on [email protected] or call on +447769204822.

28/10/2025

The clock is ticking, are you ready for MTD ITSA?

21/10/2025

Marketing video for accounting firm

26/10/2024

19/09/2024

MTD (Making Tax Digital) for ITSA (Income Tax and Self Assessments)

From April 2026, MTD for ITSA will apply to sole trade businesses and landlords with a gross business or property income above £50,000 per year. Sole traders and landlords earning above £30,000 will follow in April 2027.

What does it mean?

Once the deadline approaches, sole traders and landlords with earnings over the threshold can no longer submit their tax returns manually on HMRC website, individuals must use HMRC approved cloud based softwares to submit their returns electronically and maintain all their records digitally.

They'll be required to send HMRC quarterly summary updates of their business income and expenditure unlike the current system of a single submission to HMRC by 31st of January or by 31st of October if submitting paper return.

A Final Declaration will also need to be made, to include other sources of taxable income such as savings and investment income.

Still thinking there is enough time to get yourself prepared for the change? Well think again as time flies.

Accord Accountancy can help you get ready for this change.

Contact us on :
Email: [email protected]
Mobile: 07769204822
Web: www.accordacc.com

04/09/2024

Accord Accountancy is a chartered accounting firm, providing organisations and individuals with the following services:

Company Formation and Company Secretarial
Bookkeeping
Management Accounts
Corporation Tax
Self-Assessment
Payroll & Pension Contributions
Business Plan & Evaluation
VAT Registration and Submission

To get in touch, please contact us on [email protected]