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Trust Accountancy Advisors Ltd

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Trust Accountancy Advisors Ltd

Helping small business owners make smart financial decisions 💼 | ACCA Accountant | Based in Bramhall, Greater Manchester 📍

21/07/2026

📢 You may have received an email from Companies House about changes to annual accounts filing... but there's no need to panic.

I've had a few clients get in touch after receiving the recent communication, so we wanted to provide some reassurance.

The changes won't come into effect until 1 April 2028, so there is plenty of time before anything changes.

The main updates include:
✔ Small companies and micro-entities will be required to file a profit and loss account with Companies House.
✔ Annual accounts will need to be filed using commercial software rather than the current web or paper filing methods.

The good news? Smaller companies will be able to opt out of having their profit and loss account published on the public register, with further details to follow.

Most importantly, nothing changes for now. You don't need to take any action today, and there is still plenty of time before these reforms come into force.

As always, I'll keep you updated as more guidance is released and make sure you're fully prepared well before the changes take effect.

If you have any questions after receiving the Companies House email, please don't hesitate to get in touch, I'm always happy to help.

15/07/2026

🚗🚲 Driving or cycling for business? Don't forget to claim the tax relief you're entitled to.

If you use your own vehicle for business travel, you may be able to claim mileage relief using HMRC's approved mileage rates.

Current rates (effective from April 2026):

🚗 Cars & Vans
• Up to 10,000 business miles: 55p per mile
• Over 10,000 business miles: 25p per mile

🚲 Bicycles
• 20p per business mile

Motorbikes
24p per mile

📌 Remember: Business travel does not include your normal commute between home and your regular place of work.

You can usually claim mileage for:
✔ Visiting clients
✔ Attending networking events
✔ Travelling between different workplaces
✔ Business meetings away from your usual place of work

Keeping an accurate mileage log throughout the year can help ensure you claim everything you're entitled to.

Not sure what counts as business mileage? Get in touch, I'm always happy to help.

13/07/2026

💷 £50,000 is £50,000... right?

Not quite.

The way you earn your income can have a huge impact on how much you actually take home.

👉 Swipe to see why the same £50,000 doesn't always mean the same take-home pay.

Whether you're:
👩‍💼 An employee
💼 A sole trader
🏢 A company director
..the amount you keep after tax and National Insurance can look very different.

That's because each structure has its own tax rules, allowances and planning opportunities.

The best option depends on your individual circumstances, your goals, and how your business operates.

Understanding the differences could help you make more informed financial decisions and ensure you're operating in the most tax-efficient way possible.

📩 If you're unsure whether your current business structure is right for you, get in touch, I'd be happy to help you explore your options.

*Please note: Tax treatment depends on individual circumstances and may change in the future. These figures do not factor in any other factors including student loan, child benefit and pension contributions.*

08/07/2026

💡 Let’s talk food & drink expenses - what actually qualifies?

When it comes to claiming food and drink as a business expense, the rules are often simpler than people think but they do need to be followed carefully.

Here are the simple guidelines I use:

🍽️ What can usually be claimed:
✔ Food & drink on business travel (reasonable subsistence)
✔ Meals while staying overnight for work
✔ Client meetings where the purpose is genuinely business-related
✔ Staff food where it’s part of a business event or duty

🚫 What usually can’t be claimed:
✖ Everyday lunches at your normal place of work
✖ Food/drink bought while working from home
✖ Personal meals (even if you’re working that day)
✖ Regular coffee runs with no clear business purpose

📌 The key test is simple:
Is it wholly and exclusively for business purposes?

If not, it’s unlikely to be allowable.

Keeping clear records helps avoid issues later and makes your bookkeeping much easier at year end.

If you’re ever unsure, it’s always worth getting advice before claiming.

01/07/2026

💡 Did you know you could be entitled to extra tax relief if you’ve donated to charity?

If you’re a higher or additional rate taxpayer, you may be able to claim extra tax relief on your charitable donations through your Self Assessment tax return.

Many people miss this simply because they don’t keep a clear record of their donations.

It’s a simple but effective way to make sure you’re not paying more tax than you need to.

📌 Keep a record of:
✔ Cash donations
✔ Gift Aid donations
✔ Donation dates and amounts

💷 If you’re a higher or additional rate taxpayer, it’s worth checking what you could reclaim.

A small bit of admin can make a real difference at tax time.

29/06/2026

When was the last time you reviewed your pricing as a business owner?

It’s something so many freelancers and small business owners put off because day-to-day business life gets busy, client work, admin, marketing, social media, emails… the list never ends.

But regularly reviewing your pricing is so important.

As your business grows:
✔ Your experience increases
✔ Your costs rise
✔ Your skills develop
✔ The value you provide improves

If your prices stay the same while everything else changes, you can easily end up working harder whilst earning less.

Here are a few signs it might be time to review your pricing:

• Your business costs have increased
• You’re busy but profit still feels tight
• You avoid looking at your numbers
• You constantly feel underpaid
• You haven’t reviewed prices in over 12 months
• You’re delivering far more than when you first set your prices

A price increase doesn’t have to be dramatic but avoiding it for too long can create unnecessary pressure on both you and your business.

Do you regularly review your pricing?

22/06/2026

Mistakes I see MedComms professionals make...

Whether you’re a freelance medical writer, editor, or running your own consultancy your income can look very healthy on paper…

…but that doesn’t always translate to profit.

With project-based work, irregular payments, and high day rates, it’s easy to assume everything’s “fine” - until tax deadlines hit or cash flow dips between projects.

A few things I often see in MedComms:
• Strong income, but no clear profit tracking
• Not setting enough aside for tax (because months vary)
• Unsure whether to stay sole trader or go Ltd
• Pricing not reflecting experience or demand
• No long-term plan beyond the next project

The reality?
You’re not just a contractor, you’re running a business.

And having a clear plan around your numbers can make a huge difference to how secure and confident you feel.

If you’re in MedComms and not quite sure where you stand financially, it might be time for a proper look at your numbers

17/06/2026

☕ Mid-June reminder for freelancers & business owners…

Before summer gets busy, now’s a good time to check in on:
✔ Upcoming VAT deadlines
✔ PAYE submissions
✔ Cash flow
✔ Outstanding invoices
✔ Tax savings for later in the year

It’s easy to put finances to one side when business is busy but staying organised now can save a lot of stress later 👌

And if you’re feeling overwhelmed trying to manage everything yourself, that’s exactly where having the right accountant can help.

Coffee first… spreadsheets second 😅

15/06/2026

Are you freelancing in Medical Communications, Pharma or Agency life and feeling overwhelmed by IR35, contracts or the financial side of freelancing? 🤯

You’re definitely not alone.

With over 20 years of in-house MedComms and agency experience, I understand the unique challenges freelancers and directors in this industry face from navigating contracts and IR35 concerns to managing tax, accounting and day-to-day business pressures.

Freelancing can offer incredible flexibility and opportunities, but it can also feel isolating and confusing when you’re trying to manage everything yourself.

That’s where the right support can make a huge difference 🤝

I help freelancers and contractors feel more confident, organised and supported when it comes to:
✔ IR35 guidance
✔ Contracts & invoicing
✔ Tax & accounting support
✔ Limited company setup
✔ Freelance business advice
✔ Ongoing financial support

If you’re looking for someone who genuinely understands both the industry and the realities of freelance life, I’d love to help make things feel a little easier.

📩 Feel free to get in touch for a chat.

10/06/2026

AI can automate tasks.
A good accountant helps you make better business decisions.

✔ Strategy
✔ Planning
✔ Tax support
✔ Human guidance
✔ Someone who understands your business

Technology helps.
But real support still matters.

Address

Bramhall

Opening Hours

Monday	9:30am - 6pm
Tuesday	9:30am - 6pm
Wednesday	9:30am - 6pm
Thursday	9:30am - 6pm
Friday	9:30am - 6pm

Telephone

07817475521

Website

http://www.trust-accountancy.co.uk/

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