McColes & Co Chartered Accountants

McColes & Co Chartered Accountants Chartered Accountants
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If you use your personal car for business travel, this is a change worth knowing about!For the first time in 15 years, t...
01/06/2026

If you use your personal car for business travel, this is a change worth knowing about!

For the first time in 15 years, the Government has increased the Approved Mileage Allowance Payments by 10p per mile.

📅 From 6 April 2026:
✅ 55p per mile for the first 10,000 business miles
✅ 25p per mile thereafter

Even better, the change is being backdated - so if you've been claiming mileage at 45p per mile, now is a good time to review your claims and arrangements.

This could mean additional tax relief or reimbursements for many employees and directors of limited companies.

If you'd like to understand how this affects you or your business, get in touch.

Running a small business is demanding enough without the stress of payroll deadlines, pension submissions, tax codes, an...
26/05/2026

Running a small business is demanding enough without the stress of payroll deadlines, pension submissions, tax codes, and HMRC reporting.

At McColes & Co, we help small business owners take the pressure off payroll so they can focus on growing their business.

✅ Weekly & monthly payroll
✅ Payslips & pension submissions
✅ HMRC compliance & RTI reporting
✅ Support with new employees and workplace pensions
✅ Friendly advice when you need it

Whether you employ 1 person or 50, reliable payroll support can save time, reduce errors and give you peace of mind.

If payroll is becoming a headache, we’re here to help. Book in for a chat with our Baldock team.

Self Assessment might feel miles away… but the earlier you prepare, the less stressful January becomes.If you’re self-em...
18/05/2026

Self Assessment might feel miles away… but the earlier you prepare, the less stressful January becomes.

If you’re self-employed, a landlord, or have additional income, now’s the perfect time to:
✅ Organise expenses
✅ Check your records
✅ Plan ahead for your tax bill

You can also check if you're owed a tax refund.

A little preparation now can save a lot of panic later.

Need help making sense of it all? Our Baldock team is here to help.

Did you know you can sign up for FREE online CPD-certified bootcamps from local organisation Wenta?From E-commerce for b...
11/05/2026

Did you know you can sign up for FREE online CPD-certified bootcamps from local organisation Wenta?

From E-commerce for beginners to content creation, there's a course for everyone.

And best of all, they're totally FREE.

If you can't make the live webinar you can even receive a recording and watch it in your own time.

View all the courses on offer at https://wenta.co.uk/training-events

And if you need any advice on getting your business set up, our Baldock team is here to help.

At McColes & Co, we help individuals take control of their personal tax with clear, practical advice you can actually un...
05/05/2026

At McColes & Co, we help individuals take control of their personal tax with clear, practical advice you can actually understand. No jargon - just straightforward guidance to make sure you’re not paying more than you need to.

From Self Assessment to Capital Gains and Inheritance Tax planning, we’re here to support you every step of the way.

✅ Friendly, expert advice
✅ Tailored to your situation
✅ Free initial consultation

Get in touch today and start making your tax work smarter for you.

Last year nearly 1m people didn't claim back their PAYE tax refund. Where refunds used to be paid automatically, since 2...
27/04/2026

Last year nearly 1m people didn't claim back their PAYE tax refund. Where refunds used to be paid automatically, since 2024 you need to actively claim them back.

If you’re employed and pay tax through PAYE, overpaying happens more often than you think. Examples include:

✔️ You were on the wrong tax code
✔️ You changed jobs during the year
✔️ You were put on emergency tax
✔️ You had gaps in employment

An easy way to check if you're owed a refund is via the HMRC app. Simply log in and review your details.

A quick check today could mean money back in your pocket.

If you need any tax advice, our Baldock team is here to help.

Running a small business comes with big decisions - and sometimes you just need the right advice to move forward with co...
20/04/2026

Running a small business comes with big decisions - and sometimes you just need the right advice to move forward with confidence.

At McColes & Co, we offer a free initial consultation for small business owners - giving you the opportunity to talk through your challenges, ask questions and explore practical solutions with our experienced professionals.

Whether you’re:
✔️ Looking to improve cash flow
✔️ Planning for growth
✔️ Dealing with financial pressures

We’re here to help - with honest, straightforward advice and no obligation.

📞 Get in touch today to book your free initial consultation with our Baldock team.

No two businesses are the same - so why settle for one-size-fits-all advice?At McColes & Co, we take the time to underst...
13/04/2026

No two businesses are the same - so why settle for one-size-fits-all advice?

At McColes & Co, we take the time to understand your goals, challenges and ambitions, delivering guidance that’s practical, personal and built around you.

Whether you're growing, restructuring or planning ahead, we’re here to help you make confident, informed decisions.

Let’s turn your vision into a clear strategy.

Get in touch to book a FREE initial consultation.

With Making Tax Digital (MTD) coming into effect from 6th April, here are the answers to the most common questions.Q. Wh...
06/04/2026

With Making Tax Digital (MTD) coming into effect from 6th April, here are the answers to the most common questions.

Q. Who is affected by MTD?
A. Sole traders and landlords earning over £50k

Q. What has changed?
A. You now need to:
- Keep digital records
- Send quarterly updates to HMRC
- Submit a final declaration

Q. What if I've missed the 6th April 2026 start date - will I get fined?
A. There’s a 12-month soft landing period for MTD
- You won't be fined if you've missed the April 2026 deadline but penalties will apply from April 2027

Q. Can I can ignore MTD?
A. No - you should still get set up ASAP as fines will apply from April 2027
- Late tax returns & payments are still penalised

Q. Do I need software?
A. Yes - MTD requires compatible software (no more paper/spreadsheets alone)

Q. What records do I need to keep?
A. Sole traders must keep digital records of:
- Income
- Expenses (travel, tools, materials)

Landlords must keep digital records of:
- Rental income
- Repairs
- Letting fees

Q. Can my accountant handle everything?
A. Your accountant can help with:
- Setup
- Submissions
- Advice
But you still need to keep digital records updated regularly.

If you need further support setting up MTD, get in touch with our Baldock team.

Wishing everyone a very Happy Easter from the whole team at McColes & Co 🐰🐣🪻🌷Our Baldock office will be closed on Good F...
02/04/2026

Wishing everyone a very Happy Easter from the whole team at McColes & Co 🐰🐣🪻🌷

Our Baldock office will be closed on Good Friday and Easter Monday - but the team will be back on Tuesday.

Address

1st Floor, 28 Whitehorse Street
Baldock
SG76QQ

Opening Hours

Monday 8am - 4:30pm
Tuesday 8am - 4:30pm
Wednesday 8am - 4:30pm
Thursday 8am - 4:30pm
Friday 8am - 4:30pm

Telephone

+441462547700

Website

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