Ton Chartered Accountants

08/11/2025

💡 VAT tip for small business owners: If you’re not VAT-registered, you can’t reclaim VAT on purchases like you might expect.
Only once you’re registered (or fall under a special exception) can you offset the VAT you pay.
Wondering whether you should register? Speak to your accountant and plan ahead!

It’s one of the most common questions business owners ask us: “I’ve paid VAT on something for my business, why can’t I claim it back?” The short answer is simple: if you’re not VAT-registered, you can’t reclaim VAT.  The longer answer, however, is worth understanding, especially if yo...

28/10/2025

Running your business from home? You may be able to claim back some of your home costs!
Here are two methods:
• Flat rate – straightforward, based on hours.
• Actual cost – more work but could net more.
Make sure you’re using a dedicated space, and keep those bills and hours logged.
Like & share if you found this useful!


https://www.ton-cyf.co.uk/what-can-i-claim-for-running-my-business-from-home/

16/10/2025

Did you know one of the smartest ways to reduce your company’s Corporation Tax is by making employer pension contributions?

By treating pension payments as a business expense, you:
Lower your company’s taxable profits
Avoid employer National Insurance on those contributions
Provide tax-efficient remuneration to directors
Stay within HMRC’s pension allowances for maximum benefit

Whether you use a workplace pension scheme, a SIPP, or a Group Personal Pension plan, timing and planning are crucial.

You can make contributions before your financial year-end (when cash flow allows) to maximise the advantage.

ton-cyf.co.uk/best-way-to-lower-your-corporation-tax-bill-contribute-to-a-pension/

Our team has bee privileged to have helped creative businesses for over twenty-five years. Why not let Ton take care of the financial side...

27/09/2025

Can you reclaim VAT on gifts you give to clients or staff?
What is the “£50 rule”?
Want all the details so you get it right and don’t miss out? Check out our latest guide here.


http://ton-cyf.co.uk/can-i-reclaim-vat-on-gifts-for-clients-or-staff/

05/09/2025

Ever wondered how much it actually costs to hire an accountant? Whether you're a sole trader or running a limited company, understanding the pricing can be confusing—and vary widely. That's why we've put together a clear guide:

Director’s tax returns: £250–£1,000 per return
Limited company accounts + tax returns: £800–£2,000/year
General bookkeeping: £25–£60 per hour
Maintaining business accounts: £60–£600+ per month

These are just averages—and real costs depend on your business structure, complexity, location, and whether you're already using cloud accounting software like Xero or QuickBooks

Think of a good accountant as an investment—not just for compliance, but for peace of mind, smarter tax planning, and more time to focus on what matters most. Curious whether fixed monthly fees or pay-as-you-go works better for you? We’ve broken that down too!

If you’ve ever Googled “How much does an accountant cost?”, you’ve probably noticed one thing: it’s not a simple answer. Some charge by the hour, others bundle services into monthly packages, and a few seem to pull their prices out of thin air. So, how do you know what’s fair? And, more ...

23/08/2025

Looking to simplify your payroll while staying compliant and secure? Outsourcing your payroll might be the best move:
What you gain:
Cost & time efficiency – no need for dedicated staff or complex software
Compliance peace of mind – up-to-date with HMRC, RTI, IR35 changes
Expert support & cutting-edge tools – access without the upfront cost
Scalability for growth – effortlessly adapts as your team expands
Data security – strong safeguards for sensitive payroll data
Better employee experience – accurate, timely pay and self-service
Thinking of outsourcing your payroll? Drop me a message—I’d be happy to help you explore the next best step!

https://www.ton-cyf.co.uk/the-benefits-of-outsourcing-your-payroll-process/

Let’s be honest, running a business is already full-on. The last thing you need is the added stress of managing payroll. It’s not just about making sure everyone gets paid on time (although that’s important!). It’s the admin, the ever-changing tax rules, the deductions…and it all adds up, ...

15/08/2025

Ever wondered where your hard-earned tax money goes? From funding the NHS and schools to supporting infrastructure, defence, and public services, HMRC plays a key role in keeping the UK running. Our latest blog breaks down exactly how your taxes are spent — and you might be surprised at some of the figures! 📊 Read the full breakdown here 👉 https://www.ton-cyf.co.uk/what-does-hmrc-do-with-all-the-tax-i-pay/

Ever looked at your tax bill and thought, “Where does all this money go?” If so, you’re not alone. You work hard, you pay your taxes, but what does HMRC do with it all? Here’s a breakdown so you can see exactly how your contributions are spent. First, what taxes are you paying? Before we [.....

01/08/2025

Considering buying a business?�It’s a major step that can lead to rewarding opportunities—if approached correctly. Before you commit, ensure you’ve taken these five essential steps:
1. Assess your readiness
2. Find the right business fit
3. Conduct thorough research
4. Understand the true value
5. Complete detailed due diligence
A well-informed decision today can lead to long-term success tomorrow.�

Thinking about buying a business? While it’s an exciting opportunity to take charge of your future and step into being your own boss, before you jump in, it’s worth taking a step back to make sure you’re making the right move. An established business can come with great perks like a ready-made...