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As certified Profit First accountants, we adjust to your way of working. Our accountancy solutions are tailored to your needs, simplifying the path to financial success – your way! That’s why our focus is on building lasting relationships customised to you and your lifestyle. Prioritising work-life balance and stress-free financial management, our accountants keep pace with your business so you can concentrate on what matters most.

16/10/2026

If you own more than one company, the corporation tax thresholds are not what you think they are.

The £50,000 and £250,000 limits that decide whether you pay 19%, 25% or land in the 26.5% marginal band are divided by the number of associated companies.

Two companies, and the limits become £25,000 and £125,000 each. Three, and it is £16,667 and £83,333.

So a company making £30,000 of profit pays 19% if it stands alone, and drops into the marginal band the moment there is a second company in the picture.

The trap is that associated is wider than owned. Companies under common control count, and control can come through people connected to you as well as through you. A company your spouse controls can be associated with yours even if you have never had anything to do with it.

Two common cases that catch people.

The dormant company nobody closed after the last venture. Dormant companies are generally ignored for this, but only if they are genuinely dormant throughout.

The property company set up beside the trading company. Usually associated, usually a surprise.

If you have more than one company and nobody has ever checked this with you, it is a fifteen minute job to find out and it can be worth thousands.

Reply to this if you want to know how to check.

15/10/2026

People ask why an accountancy practice is in Bawtry rather than Doncaster or Sheffield.

The honest answer is that it makes us better at the job.

A practice in a city centre can have two thousand clients and never meet one of them. The work becomes processing. Forms in, forms out, an invoice, a portal, a reminder email that nobody wrote.

Being where our clients are means we run into them. In the Co-op, at the lights on South Parade, at the Christmas thing in the Hall. That is not a marketing strategy. It changes what you can get away with.

You cannot send someone an accounts pack you know they will not understand if you are going to see them on Thursday.

It also means the work goes the other way. Half the useful things I know about what is actually happening in the local economy, which trades are busy, who is struggling to get paid, what the building societies are doing about lending, came from conversations that were not appointments.

We are at Bawtry Hall on South Parade. Doncaster, Retford, Gainsborough, Tickhill, Finningley and the villages in between.

Reply to this if you are local and want to talk before we reopen in November.

14/10/2026

Almost every owner I meet pays themselves last. Whatever is left at the end of the month, if anything is.

Try it the other way round for one quarter.

The mechanism is four accounts, not one. Money comes in. On the day it lands, you move a fixed percentage into tax, a fixed percentage into profit, a fixed percentage into your own pay, and whatever remains runs the business.

The numbers that make it work are not aspirational. They are the ones you can actually survive on. For a lot of small limited companies that starts around 30% to tax, 5% to profit, and a real owner's wage that goes out on the same date every month like anyone else's.

The 5% is the part people skip, and it is the part that changes things. Not because 5% is a lot. Because a profit account that only ever goes up is the first evidence most owners have ever had that the business works.

The operating account then tells you the truth. If what is left will not run the business, the problem was never the tax bill. It is the pricing, and you now know it in October rather than next September.

Start with one quarter and real percentages. Reply to this if you want help setting yours rather than borrowing mine.

13/10/2026

The Budget is on 28 October. Here is what we will and will not do about it.

What we will not do: post speculation. Between now and the 28th you will see a great deal of confident writing about what might happen to dividends, to capital gains, to pension relief, to employer National Insurance. Almost all of it is guessing, and some of it is guessing designed to make you act.

Acting on a rumour and then finding the rumour was wrong is more expensive than doing nothing.

What we will do: read it on the day, work out what actually changed, and tell you plainly which parts affect owner managed businesses and which parts do not. That will be out the following day.

One thing worth saying in advance. If there is something you were going to do anyway this year, for reasons that have nothing to do with tax, the Budget is not a reason to delay it. And if the only reason you would do something is a rumour about the Budget, that is not a reason either.

If you have a specific decision sitting in front of you that feels Budget shaped, reply to this and I will tell you honestly whether waiting three weeks changes anything.

12/10/2026

If you owe your company money, the cost of leaving it there went up in April, and the public GOV.UK page still shows the old rate.

The charge is section 455. If a director's loan is still outstanding nine months and one day after the company year end, the company pays corporation tax on the balance.

For loans made on or after 6 April 2026 that rate is 35.75%. It follows the dividend upper rate, which went up in April.

HMRC's own manual says 35.75% for loans from 6 April 2026. The customer facing page at gov.uk/directors-loans still says 33.75%. Both are HMRC. Only one is current.

Two things worth knowing about the charge itself.

It is refundable. Repay, write off or release the loan and the company gets the tax back, though not the interest that accrued on it.

The rate is fixed by when the loan was made, not when the year end falls. So a loan from March 2026 and a loan from June 2026 can sit in the same accounting period at two different rates.

This is the sort of thing that is easy to fix in October and expensive to discover in July.

If you are not sure what your loan account is actually sitting at, reply to this and I will explain what to look for.

09/10/2026

Something I notice about businesses around here that does not show up in any national survey.

The ones that last in Bawtry and the villages around it are almost never the ones with the best marketing. They are the ones where the owner knows their numbers well enough to say no.

No to the job that pays late.
No to the customer who takes three chasing emails every month.
No to the van, the unit, the extra pair of hands, in the year the money is not actually there.

You cannot say no with any confidence if you do not know what you have got. That is the whole of it. Most of the bad decisions I see are not reckless people. They are careful people working from a bank balance rather than a position.

A bank balance tells you what has already happened. It tells you nothing about the VAT you owe in three weeks or the corporation tax you owe in eight months.

South Yorkshire has a lot of quietly excellent small businesses run by people who have never once had a straight conversation about this. If that is you, it is not a character flaw. It is just a gap.

Reply to this and I will happily explain what a straight version of that looks like.

08/10/2026

Most owner managers set their tax pot at 20%. Here is why that is usually not enough.

Take a company with £120,000 of taxable profit, after the director's salary has already come out. One company, no associated companies, a full twelve month year.

Corporation tax on that is not 19% and it is not 25%. It is £28,050, because profits between £50,000 and £250,000 sit in the marginal relief band, where every extra pound is taxed at 26.5%.

That leaves £91,950 in the company.

Now take £60,000 of it out as dividends on a £12,570 salary. Personal tax on those dividends is £11,971.

Total tax: £40,021 on £120,000 of profit. That is 33%, not 20%.

The number that matters is not any single rate on any rate card. It is the combined percentage of every pound of profit that eventually leaves as tax, company and personal together.

Work yours out once, honestly, then move that percentage into a separate account on the day the money arrives. Not at the year end. The day it arrives.

The businesses that never have a January problem are not the ones earning more. They are the ones whose tax money was never in the current account to begin with.

Reply if you want to know what your own percentage actually is.

07/10/2026

If your VAT quarter ended on 31 August, your return and your payment are both due today.

One calendar month and seven days after the quarter end. That is the rule, and it is the same rule every quarter, which is exactly why it gets missed. There is no letter, nothing in the post, nothing that makes today feel different from yesterday.

The bit people get wrong is the payment, not the return. Filing on time and paying late still counts as late. The money has to have reached HMRC, not simply left your account.

If you pay by direct debit, HMRC takes it three working days after the filing deadline, so there is nothing to do today beyond making sure the return is in and the balance will be there.

If you already know you are going to be short, the worst option is silence. HMRC will often agree a time to pay arrangement, and asking before the deadline is treated very differently from asking after it.

Reply to this if you want to know what that conversation actually involves.

06/10/2026

Dividend tax went up in April and almost nobody has felt it yet, because you feel dividend tax in January.

The rates for 2026/27:

10.75% in the basic rate band, up from 8.75%.
35.75% in the higher rate band, up from 33.75%.
39.35% above that, unchanged.

The allowance is still £500.

Two percentage points sounds like nothing, so here is what it is worth. A director on a £12,570 salary taking £60,000 of dividends pays £11,971 of personal tax on those dividends this year. The same salary and the same £60,000 last year cost £10,781.

That is £1,190 more, for the same money, out of the same company, for the same work.

The part that catches people is when it lands. This is the 2026/27 year, so the first payment falls on 31 January 2028, alongside a payment on account for 2027/28. If your January 2027 bill already felt uncomfortable, January 2028 is the one to look at now rather than in thirteen months.

That is not an argument for taking less out. It is an argument for knowing the number before December.

If you want yours worked out properly, reply to this and I will explain what we would need to see.

05/10/2026

Today is 5 October.

If you started self employment, started letting a property, or took dividends for the first time during the 2025/26 tax year, today is the day you were meant to tell HMRC you need to file.

Two things worth knowing if you are reading this at seven in the morning and wincing.

One. Registering today still counts as today. It takes about ten minutes online.

Two. If you miss it entirely, the world does not end. HMRC will normally give you three months from the date of their letter to file the return. The bill is due on 31 January 2027 either way.

The people this genuinely hurts are the ones who do nothing until January, then find out in the same week what they owe and when it has to be paid.

Register today if it applies to you. If you are not sure it does, reply and ask.

Address

Bawtry Hall, South Parade
Bawtry
DN106JH

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Tuesday	9am - 5pm
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Thursday	9am - 5pm
Friday	9am - 5pm

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