The Sixth Sense - Accounting Management Taxation

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The Sixth Sense - Accounting Management Taxation Accounting and Financial Analysis

๐Ÿ’ก๐Œ๐š๐ค๐ข๐ง๐  ๐“๐š๐ฑ ๐ƒ๐ข๐ ๐ข๐ญ๐š๐ฅ: ๐“๐ก๐ž ยฃ30,000 ๐“๐ก๐ซ๐ž๐ฌ๐ก๐จ๐ฅ๐ ๐ˆ๐ฌ ๐‚๐จ๐ฆ๐ข๐ง๐ Are you a sole trader or landlord earning over ยฃ30,000? This HMRC ch...
02/11/2026

๐Ÿ’ก๐Œ๐š๐ค๐ข๐ง๐  ๐“๐š๐ฑ ๐ƒ๐ข๐ ๐ข๐ญ๐š๐ฅ: ๐“๐ก๐ž ยฃ30,000 ๐“๐ก๐ซ๐ž๐ฌ๐ก๐จ๐ฅ๐ ๐ˆ๐ฌ ๐‚๐จ๐ฆ๐ข๐ง๐ 

Are you a sole trader or landlord earning over ยฃ30,000? This HMRC change could affect you.

From 6 April 2027, Making Tax Digital (MTD) for Income Tax will extend to sole traders and landlords with qualifying income above ยฃ30,000.

This means keeping digital records and using compatible software to send quarterly updates to HMRC. The threshold is based on qualifying gross income before expenses and tax allowances.

๐Ÿ’ก Tip: Check your income and start exploring compatible accounting software now. Preparing early gives you more time to get comfortable with the new process.

๐Ÿ“ฉ Need help preparing for Making Tax Digital? Speak to us before the deadline approaches.

Have you checked whether your business will fall under MTD in April 2027?

๐ŸŒwww.tssamt.co.uk

๐Ÿ“ข  ๐˜๐จ๐ฎ๐ซ ๐€๐œ๐œ๐จ๐ฎ๐ง๐ญ๐ฌ ๐€๐ซ๐ž ๐Œ๐จ๐ซ๐ž ๐“๐ก๐š๐ง ๐š ๐“๐š๐ฑ ๐‘๐ž๐ช๐ฎ๐ข๐ซ๐ž๐ฆ๐ž๐ง๐ญMany business owners only think about accounts when they need to submit ...
30/10/2026

๐Ÿ“ข ๐˜๐จ๐ฎ๐ซ ๐€๐œ๐œ๐จ๐ฎ๐ง๐ญ๐ฌ ๐€๐ซ๐ž ๐Œ๐จ๐ซ๐ž ๐“๐ก๐š๐ง ๐š ๐“๐š๐ฑ ๐‘๐ž๐ช๐ฎ๐ข๐ซ๐ž๐ฆ๐ž๐ง๐ญ

Many business owners only think about accounts when they need to submit something to HMRC.

But your financial records can do much more than help with compliance.

They can show which services make the most money, where costs are increasing, whether customers are paying on time and whether the business is moving towards its goals.

๐Ÿ’ก Don't just prepare your accounts โ€” use them to make better business decisions.

๐Ÿ“ฉ Your numbers should help you understand your business, not simply complete a form.
Do you use your accounts to make business decisions? ๐Ÿ‘‡

๐ŸŒwww.tssamt.co.uk

๐Ÿ“ข  ๐Š๐ž๐ž๐ฉ ๐๐ฎ๐ฌ๐ข๐ง๐ž๐ฌ๐ฌ ๐š๐ง๐ ๐๐ž๐ซ๐ฌ๐จ๐ง๐š๐ฅ ๐Œ๐จ๐ง๐ž๐ฒ ๐’๐ž๐ฉ๐š๐ซ๐š๐ญ๐žUsing one bank account for everything can make your finances unnecessarily c...
28/10/2026

๐Ÿ“ข ๐Š๐ž๐ž๐ฉ ๐๐ฎ๐ฌ๐ข๐ง๐ž๐ฌ๐ฌ ๐š๐ง๐ ๐๐ž๐ซ๐ฌ๐จ๐ง๐š๐ฅ ๐Œ๐จ๐ง๐ž๐ฒ ๐’๐ž๐ฉ๐š๐ซ๐š๐ญ๐ž

Using one bank account for everything can make your finances unnecessarily complicated.

It becomes harder to identify business transactions, track expenses and understand how much the business is actually spending.

๐Ÿ’ก Keep a dedicated business account and record personal transactions properly rather than mixing them with everyday business spending.

๐Ÿ“ฉ Keeping your financial records organised can save time and reduce unnecessary stress when your accounts are prepared.

Do you keep your business and personal finances separate? ๐Ÿ‘‡

๐ŸŒwww.tssamt.co.uk

๐Ÿ“ข ๐ƒ๐จ๐ง'๐ญ ๐–๐š๐ข๐ญ ๐”๐ง๐ญ๐ข๐ฅ ๐˜๐ž๐š๐ซ-๐„๐ง๐ ๐ญ๐จ ๐…๐ข๐ง๐ ๐๐ซ๐จ๐›๐ฅ๐ž๐ฆ๐ฌYear-end accounts are important, but they shouldn't be the first time you lo...
26/10/2026

๐Ÿ“ข ๐ƒ๐จ๐ง'๐ญ ๐–๐š๐ข๐ญ ๐”๐ง๐ญ๐ข๐ฅ ๐˜๐ž๐š๐ซ-๐„๐ง๐ ๐ญ๐จ ๐…๐ข๐ง๐ ๐๐ซ๐จ๐›๐ฅ๐ž๐ฆ๐ฌ

Year-end accounts are important, but they shouldn't be the first time you look at your finances.

By then, a problem could have been affecting your business for months.

๐Ÿ’ก Regular bookkeeping and financial reviews can help you identify issues early โ€” when there is still time to do something about them.

๐Ÿ“ฉ Don't wait for your accounts to tell you what happened. Use your numbers to help decide what happens next.

Do you review your finances throughout the year or mainly at year-end? ๐Ÿ‘‡

๐ŸŒwww.tssamt.co.uk

โš ๏ธ ๐๐ž ๐‚๐š๐ซ๐ž๐Ÿ๐ฎ๐ฅ ๐–๐ข๐ญ๐ก ๐๐ฎ๐ฌ๐ข๐ง๐ž๐ฌ๐ฌ ๐’๐ฎ๐›๐ฌ๐œ๐ซ๐ข๐ฉ๐ญ๐ข๐จ๐ง๐ฌยฃ20 here. ยฃ30 there. Another ยฃ15 for an app you rarely use.Individually, these ...
23/10/2026

โš ๏ธ ๐๐ž ๐‚๐š๐ซ๐ž๐Ÿ๐ฎ๐ฅ ๐–๐ข๐ญ๐ก ๐๐ฎ๐ฌ๐ข๐ง๐ž๐ฌ๐ฌ ๐’๐ฎ๐›๐ฌ๐œ๐ซ๐ข๐ฉ๐ญ๐ข๐จ๐ง๐ฌ

ยฃ20 here. ยฃ30 there. Another ยฃ15 for an app you rarely use.

Individually, these costs may not look significant. Together, they can become a surprisingly large monthly expense.

๐Ÿ’ก Review your software and subscription payments every few months. Cancel services you no longer need and check whether you are paying for duplicate tools.

๐Ÿ“ฉ A regular review of your costs can reveal opportunities to improve your business's profitability.

How many business subscriptions do you currently have? ๐Ÿ‘‡

๐ŸŒwww.tssamt.co.uk

โš ๏ธ ๐€๐ซ๐ž ๐˜๐จ๐ฎ ๐‚๐ก๐ž๐œ๐ค๐ข๐ง๐  ๐˜๐จ๐ฎ๐ซ ๐๐ฎ๐ฆ๐›๐ž๐ซ๐ฌ ๐Œ๐จ๐ง๐ญ๐ก๐ฅ๐ฒ?You don't have to wait until your year-end accounts to look at your business pe...
21/10/2026

โš ๏ธ ๐€๐ซ๐ž ๐˜๐จ๐ฎ ๐‚๐ก๐ž๐œ๐ค๐ข๐ง๐  ๐˜๐จ๐ฎ๐ซ ๐๐ฎ๐ฆ๐›๐ž๐ซ๐ฌ ๐Œ๐จ๐ง๐ญ๐ก๐ฅ๐ฒ?

You don't have to wait until your year-end accounts to look at your business performance.

Monthly figures can help you spot falling sales, rising costs, changing margins and cash-flow problems much earlier.

๐Ÿ’ก Review a simple monthly dashboard showing income, expenses, profit, cash and outstanding invoices.

๐Ÿ“ฉ Regular financial reviews can help you make decisions based on facts rather than guesswork.

Do you check your business numbers every month? ๐Ÿ‘‡

๐ŸŒwww.tssamt.co.uk

โš ๏ธ ๐ƒ๐จ๐ง'๐ญ ๐‚๐จ๐ง๐Ÿ๐ฎ๐ฌ๐ž ๐˜๐จ๐ฎ๐ซ ๐๐ฎ๐ฌ๐ข๐ง๐ž๐ฌ๐ฌ ๐๐š๐ง๐ค ๐๐š๐ฅ๐š๐ง๐œ๐ž ๐–๐ข๐ญ๐ก ๐๐ซ๐จ๐Ÿ๐ข๐ญSeeing ยฃ20,000 in your business bank account can feel reassuring....
19/10/2026

โš ๏ธ ๐ƒ๐จ๐ง'๐ญ ๐‚๐จ๐ง๐Ÿ๐ฎ๐ฌ๐ž ๐˜๐จ๐ฎ๐ซ ๐๐ฎ๐ฌ๐ข๐ง๐ž๐ฌ๐ฌ ๐๐š๐ง๐ค ๐๐š๐ฅ๐š๐ง๐œ๐ž ๐–๐ข๐ญ๐ก ๐๐ซ๐จ๐Ÿ๐ข๐ญ

Seeing ยฃ20,000 in your business bank account can feel reassuring.

But that doesn't mean you've made ยฃ20,000 in profit.

Your balance can include money set aside for VAT, tax, upcoming bills, loans or other commitments.

๐Ÿ’ก Look at your profit and loss report alongside your bank balance. They answer two very different questions.

๐Ÿ“ฉ Want a clearer picture of where your business really stands? Good financial reporting can make a huge difference.

Did you ever assume cash in the bank meant profit? ๐Ÿ‘‡

๐ŸŒwww.tssamt.co.uk

๐Ÿ“ข ๐–๐ก๐ž๐ง ๐–๐š๐ฌ ๐ญ๐ก๐ž ๐‹๐š๐ฌ๐ญ ๐“๐ข๐ฆ๐ž ๐˜๐จ๐ฎ ๐‘๐ž๐ฏ๐ข๐ž๐ฐ๐ž๐ ๐˜๐จ๐ฎ๐ซ ๐๐ซ๐ข๐œ๐ž๐ฌ?Your prices may have worked perfectly when you started your business.B...
16/10/2026

๐Ÿ“ข ๐–๐ก๐ž๐ง ๐–๐š๐ฌ ๐ญ๐ก๐ž ๐‹๐š๐ฌ๐ญ ๐“๐ข๐ฆ๐ž ๐˜๐จ๐ฎ ๐‘๐ž๐ฏ๐ข๐ž๐ฐ๐ž๐ ๐˜๐จ๐ฎ๐ซ ๐๐ซ๐ข๐œ๐ž๐ฌ?

Your prices may have worked perfectly when you started your business.

But costs change. Supplier prices increase, software subscriptions rise and your time becomes more valuable as the business grows.

If your prices haven't changed for years, your profit margin may be getting squeezed.

๐Ÿ’ก Review your prices regularly and consider your costs, time, overheads and desired profit โ€” not just what competitors are charging.

๐Ÿ“ฉ Need help understanding whether your current pricing is supporting your profit? Start with your accounts.

When was the last time you increased your prices? ๐Ÿ‘‡

๐ŸŒwww.tssamt.co.uk

๐Ÿ“ข ๐ƒ๐จ๐ง'๐ญ ๐…๐จ๐ซ๐ ๐ž๐ญ ๐€๐›๐จ๐ฎ๐ญ ๐๐ฎ๐ฌ๐ข๐ง๐ž๐ฌ๐ฌ ๐„๐ฑ๐ฉ๐ž๐ง๐ฌ๐ž๐ฌSmall expenses can easily be forgotten.Subscriptions, software, mileage, professio...
14/10/2026

๐Ÿ“ข ๐ƒ๐จ๐ง'๐ญ ๐…๐จ๐ซ๐ ๐ž๐ญ ๐€๐›๐จ๐ฎ๐ญ ๐๐ฎ๐ฌ๐ข๐ง๐ž๐ฌ๐ฌ ๐„๐ฑ๐ฉ๐ž๐ง๐ฌ๐ž๐ฌ

Small expenses can easily be forgotten.

Subscriptions, software, mileage, professional fees, equipment and other legitimate business costs can add up over the year.

Missing records can mean your accounts don't show the full picture of what the business actually costs to run.

๐Ÿ’ก Keep receipts and records as you go rather than trying to find everything at the end of the year.

๐Ÿ“ฉ Not sure what business expenses you should be recording? We can help you understand your accounts.

Are you good at keeping your receipts? ๐Ÿ“ฑ๐Ÿงพ

๐ŸŒwww.tssamt.co.uk

๐Ÿ“ข ๐€๐ซ๐ž ๐˜๐จ๐ฎ๐ซ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ž๐ซ๐ฌ ๐๐š๐ฒ๐ข๐ง๐  ๐˜๐จ๐ฎ ๐จ๐ง ๐“๐ข๐ฆ๐ž?Making a sale is not the same as receiving the money.If customers take 30, 60 or...
12/10/2026

๐Ÿ“ข ๐€๐ซ๐ž ๐˜๐จ๐ฎ๐ซ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ž๐ซ๐ฌ ๐๐š๐ฒ๐ข๐ง๐  ๐˜๐จ๐ฎ ๐จ๐ง ๐“๐ข๐ฆ๐ž?

Making a sale is not the same as receiving the money.

If customers take 30, 60 or even 90 days to pay, your business may have plenty of sales but still struggle to pay its own bills.

๐Ÿ’ก Regularly review your outstanding invoices and follow up on overdue payments. Clear payment terms can also help prevent problems.

๐Ÿ“ฉ If unpaid invoices are affecting your cash flow, your accounts can help identify where the problem is.

Do you have customers who regularly pay late? ๐Ÿ‘‡

๐ŸŒwww.tssamt.co.uk

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