McColes & Co Chartered Accountants

McColes & Co Chartered Accountants Chartered Accountants
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Running a small business comes with big decisions - and sometimes you just need the right advice to move forward with co...
01/09/2026

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 practical, straightforward advice..

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

Starting a business is exciting, but there is a lot to think about.From choosing the right business structure and regist...
24/08/2026

Starting a business is exciting, but there is a lot to think about.

From choosing the right business structure and registering with HMRC to managing cash flow, bookkeeping, payroll and tax, getting the right advice early can save time, reduce stress and help you avoid costly mistakes.

At McColes & Co, we support start-ups with practical, straightforward advice tailored to the way they want to grow.

Whether you are still shaping your idea or have already started trading, we can help you build strong financial foundations from day one.

Get in touch to arrange a free initial conversation.

Struggling to keep on top of payroll?Running a small business is demanding — but your payroll doesn't have to be. At McC...
17/08/2026

Struggling to keep on top of payroll?

Running a small business is demanding — but your payroll doesn't have to be. At McColes & Co, we provide fully compliant payroll support services tailored for small businesses like yours:

✅ Weekly or monthly payroll processing
✅ HMRC submissions handled for you
✅ PAYE, pensions, and holiday pay sorted
✅ Confidential, compliant, and always on time

We’ll make sure your team gets paid correctly, so you can stay focused on growing your business.

Get in touch today to find out more.

Many people are unaware that the amount that can be claimed for business journeys made in your own car or van has incre...
10/08/2026

Many people are unaware that the amount that can be claimed for business journeys made in your own car or van has increased.

From 6 April 2026, the approved rate is:

🚗 55p per mile for the first 10,000 business miles
🚗 25p per mile for any additional business miles

The new 55p rate has increased from 45p and applies retrospectively from the start of the 2026/27 tax year.

Employers can choose how much they reimburse, but where an employee receives less than the approved rate, they may be able to claim tax relief on the difference.

The same mileage rates can also be used by eligible self-employed people who calculate their vehicle costs using simplified expenses.

Not sure what you can claim or how the change affects your business records? Speak to our Baldock team for advice.

VAT can be one of the more complicated areas of running a small business.From registering at the right time and choosing...
03/08/2026

VAT can be one of the more complicated areas of running a small business.

From registering at the right time and choosing the most suitable scheme to preparing accurate returns, reclaiming VAT and understanding how the rules apply to larger purchases, it is easy to make costly mistakes.

Last week's changes to the VAT Capital Goods Scheme are another reminder that VAT rules do not stand still.

At McColes & Co, we provide practical VAT support tailored to your business, helping you stay compliant, manage your obligations and avoid paying more than you need to.

For advice on any aspect of VAT, speak to our Baldock team.

As a small business owner have you checked whether you're claiming everything you're entitled to?You could be missing ou...
27/07/2026

As a small business owner have you checked whether you're claiming everything you're entitled to?

You could be missing out on:

✅ Allowable business expenses
✅ Capital allowances on equipment
✅ Tax-efficient ways to pay yourself
✅ Pension contributions and other reliefs
✅ Better timing of purchases or investments
✅ The most suitable business structure for your circumstances

Good tax planning is not about avoiding tax. It is about making informed decisions, using the available reliefs and ensuring you do not pay more than necessary.

At McColes & Co, we can review your finances, identify possible tax-saving opportunities and help you plan ahead with confidence.

Get in touch to arrange a free initial consultation with our Baldock team.

When did you last step back and review your business finances?It's easy to focus on the day-to-day and lose sight of the...
20/07/2026

When did you last step back and review your business finances?

It's easy to focus on the day-to-day and lose sight of the bigger picture.

Reviewing your margins, costs, cash flow and tax position can highlight where improvements can be made — and help you plan your next move.

Whether you are looking to grow, invest or simply gain more control, we are here to help.

Book a free initial consultation with our Baldock team today.

If your 31st July Payment on Account is due and you're worried about paying it in full, don't ignore it.HMRC's Time to P...
13/07/2026

If your 31st July Payment on Account is due and you're worried about paying it in full, don't ignore it.

HMRC's Time to Pay service may allow you to spread the cost through affordable monthly instalments, helping you avoid further financial pressure.

It's important to act before the payment deadline, as leaving it too late could result in interest and penalties.

If you're unsure of your options or need advice, the team at McColes & Co can help you understand what's available and keep you on track.

Get in touch today for friendly, professional advice from our Baldock team.

A reminder for Self Assessment taxpayers: your second payment on account is due by 31 July.This applies if HMRC has aske...
06/07/2026

A reminder for Self Assessment taxpayers: your second payment on account is due by 31 July.

This applies if HMRC has asked you to make payments on account towards your next tax bill.

If you are worried about meeting the payment deadline, do not panic. You may be able to spread the cost by setting up a Time to Pay instalment plan via GOV.UK before the deadline.

Acting early can help reduce the risk of penalties and late-payment interest, so it's important not to leave it until the last minute.

If you need any support with Self-Assessment, our Baldock team is here to help - get in touch today.

From 25 June to 1 September 2026, a temporary 5% VAT rate will apply to certain family-focused supplies, including some ...
29/06/2026

From 25 June to 1 September 2026, a temporary 5% VAT rate will apply to certain family-focused supplies, including some children’s meals, children’s tickets for cinemas, theatres, concerts, exhibitions and shows, and admission to qualifying attractions.

If your business is participating, now is the time to:

✅ Check which sales qualify
✅ Update tills, booking systems and pricing
✅ Make sure children’s meals/tickets are clearly marketed and priced
✅ Review bundles, add-ons and upgrades separately
✅ Keep clear VAT records and adjust prepayments where needed

Not every sale will qualify, so it is important to apply the rules carefully.

Need help understanding how the temporary VAT change affects your business? Speak to our Baldock team today.

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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