Llewellyns Chartered Certified Accountants

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Llewellyns Chartered Certified Accountants Chartered Certified Digital Accountants in Cardiff and Tonypandy, Wales. Expert Business and Tax Advice

Based in Brook House, Whitchurch Village, Cardiff… Llewellyns accountants are providing expert business and accounting services to companies and individuals throughout South Wales and wider area. We provide accountancy, advice, support and much more to many businesses throughout South Wales, many of which have stayed with us for generations, thanks to our honest expert advice. We recognise the benefits of internet and cloud services that are revolutionising the industry. With the UK government’s commitment to modernising banking data systems, and automating many HMRC services into digital services, we will ensure Llewellyns are at the forefront of this revolution.

💷 Taking money out of your limited company? There’s more than one way to do it.Money in the company bank account belongs...
29/09/2026

💷 Taking money out of your limited company? There’s more than one way to do it.

Money in the company bank account belongs to the company, so simply transferring it to yourself isn’t always the right answer.

The main options usually include:

✅ Salary
✅ Dividends
✅ Director’s Loan Account repayments
✅ Pension contributions
✅ Reimbursement of genuine business expenses

Each method has different tax consequences, and the most efficient mix depends on your company profits, personal income needs and wider circumstances.

Our latest blog explains the main ways directors can take money out of a limited company in 2026.

🔗 Read the full blog here:
https://www.llewellyns.co.uk/taking-money-out-of-limited-company-2026/

Want to review how you’re taking money from your company? Speak to Llewellyns:

📍 Cardiff: 0292062 4230
📍 Tonypandy: 01443 303230
📧 [email protected]

Llewellyns Chartered Certified Accountants

💷 Sole trader or limited company,which is more tax efficient in 2026?It’s one of the most common questions we’re asked b...
22/09/2026

💷 Sole trader or limited company,which is more tax efficient in 2026?

It’s one of the most common questions we’re asked by business owners, and the answer is no longer as simple as saying:

“A limited company saves tax.” 😅

The best structure depends on things like:

✅ How much profit your business makes
✅ How much money you need to take personally
✅ Whether profits can stay in the business
✅ Pension contributions
✅ Salary and dividends
✅ Corporation Tax and National Insurance
✅ Your plans for growth or eventually selling the business

In our latest blog, we break down the differences between operating as a sole trader and through a limited company, and explain why there isn’t one magic profit figure where everybody should incorporate.

🔗 Read the full blog here:
https://www.llewellyns.co.uk/sole-trader-vs-limited-company-2026/

Thinking about changing your business structure? Speak to the team at Llewellyns and we can compare the position using your actual figures.

📍 Cardiff: 02920 624230
📍 Tonypandy: 01443 303230
📧 [email protected]

Llewellyns Chartered Certified Accountants

💷 Do you need to register for Self Assessment?If you became self employed, started receiving rental income, earned money...
15/09/2026

💷 Do you need to register for Self Assessment?

If you became self employed, started receiving rental income, earned money from a side hustle or received other untaxed income during the 2025/26 tax year, you may need to notify HMRC by 5 October 2026.

Our latest blog explains:

✅ Who may need to register
✅ The key Self Assessment deadlines
✅ What counts as taxable income
✅ What happens if you miss the 5 October deadline
✅ When your Tax Return and tax payment are actually due

Importantly, 5 October is not the deadline to file your Tax Return or pay your tax — it’s the deadline to tell HMRC that you need to complete one.

🔗 Read the full blog here:
https://www.llewellyns.co.uk/self-assessment-registration-deadline-2026/

If you’re unsure whether you need to register, speak to the team at Llewellyns.

📍 Cardiff: 0292062 4230
📍 Tonypandy: 01443 303230
📧 [email protected]

Llewellyns Chartered Certified Accountants

💻 Making Tax Digital for Income Tax is here. Are you affected? 👀From September 2026, HMRC is beginning to automatically ...
08/09/2026

💻 Making Tax Digital for Income Tax is here. Are you affected? 👀

From September 2026, HMRC is beginning to automatically sign up some sole traders and landlords who should already be using Making Tax Digital for Income Tax.

If your qualifying self employed and/or rental income exceeded £50,000 in 2024/25, this could apply to you.

And remember, the £50,000 threshold is based on **gross income before expenses**, not your taxable profit. 💷

In our latest blog, we explain:

✅ Who needs to use Making Tax Digital
✅ How the £50,000 threshold works
✅ What happens if HMRC automatically signs you up
✅ What records and quarterly updates are required
✅ What to do if you think you've been signed up incorrectly
✅ The upcoming £30,000 and £20,000 thresholds

If you've received an MTD notification from HMRC, or you're simply unsure whether the new rules apply to you, it's worth getting your position checked now. 📊

🔗 Read the full blog here:
https://www.llewellyns.co.uk/making-tax-digital-income-tax-2026-2/

Need some help? Get in touch with the team at Llewellyns 👇

📍 Cardiff Office: 02920 624230
📍 Tonypandy Office: 01443 303230
📧 [email protected]

27/08/2026

WHC Golf Day ⛳️

With the annual Whitchurch Hockey Club golf day 2 weeks away don’t forget to sign up for the day if you haven’t already 🏌️‍♀️🏌️

July can bring an unwelcome reminder from HMRC.The second Self Assessment payment on account is usually due by 31 July, ...
07/07/2026

July can bring an unwelcome reminder from HMRC.

The second Self Assessment payment on account is usually due by 31 July, and for many sole traders, landlords and company directors, it can cause real cash flow pressure if it has not been planned for properly.

The issue is not always that the payment is unexpected.

Often, people know it is coming — but the money has not been set aside, the amount has not been checked, or the bank balance has been treated as available cash when some of it should have been reserved for tax.

In our latest blog, we explain:

✅ what the July payment on account is
✅ why it is not an extra tax bill
✅ why taxpayers often get caught out
✅ whether the payment can be reduced
✅ how to plan better for future tax bills

If your July tax payment is causing concern, it is worth checking your position before the deadline.

Read the full blog here:

https://www.llewellyns.co.uk/?p=2661&preview=true

Making Tax Digital for Income Tax is one of the biggest changes coming for sole traders and landlords.For many people, S...
30/06/2026

Making Tax Digital for Income Tax is one of the biggest changes coming for sole traders and landlords.

For many people, Self Assessment has meant pulling the figures together once a year.

MTD changes that.

Affected taxpayers will need to keep digital records, use compatible software and send quarterly updates to HMRC.

This does not mean paying tax four times a year — but it does mean your records will need to be kept up to date throughout the year.

In our latest blog, we explain:

✅ who will be affected
✅ when the rules are expected to apply
✅ what quarterly updates involve
✅ whether spreadsheets can still be used
✅ what landlords and sole traders should do now

If you are self-employed, a landlord, or both, it is worth reviewing your position sooner rather than later.

Read the full blog here:

https://www.llewellyns.co.uk/making-tax-digital-income-tax-landlords-sole-traders/

When you ask a tax question, you usually want a clear answer.That’s completely understandable.But good tax advice rarely...
23/06/2026

When you ask a tax question, you usually want a clear answer.

That’s completely understandable.

But good tax advice rarely starts with the answer — it starts with the questions.

At Llewellyns, we take the time to understand the full picture before recommending anything. Your income, goals, family position, business structure, timing and future plans can all affect the advice.

A technically correct answer is not always the right answer for your circumstances.

In our latest blog, we explain why we ask so many questions before giving tax advice, and why that approach can help avoid rushed decisions, missed opportunities and costly mistakes.

Read the full blog here:
https://www.llewellyns.co.uk/why-good-tax-advice-starts-with-questions/

Now that the tax year has wrapped up, it’s a good time to take a step back and reflect a little 👀Not on anything major, ...
28/04/2026

Now that the tax year has wrapped up, it’s a good time to take a step back and reflect a little 👀

Not on anything major, but on the small things that tend to cause the most stress later on.

We’ve put together a short blog on the biggest mistakes we saw over the 2025/26 tax year, including:
• Leaving things too late ⏰
• Not knowing where things stand 📊
• Not setting money aside for tax 💷
• CIS confusion 👷‍♂️

None of these are unusual, we see them every year, but they’re also very easy to avoid with a few simple habits 👍

If you want this year to feel a bit more in control (and a lot less stressful come January 😅), it’s well worth a quick read 👇

👉 https://www.llewellyns.co.uk/biggest-tax-mistakes-uk-2025-26/

How much should you actually be setting aside for tax? 🤔💷It’s one of the most common questions we get and one that can m...
21/04/2026

How much should you actually be setting aside for tax? 🤔💷

It’s one of the most common questions we get and one that can make a huge difference come January.

The tricky part is that tax doesn’t just appear all at once… it builds up gradually throughout the year. If nothing’s being set aside, it’s very easy to get caught out later on 😅

In our latest blog, we’ve broken it down simply:
• Rough percentages to set aside 💡
• Differences between sole traders, limited companies & CIS 👷‍♂️
• Why people often fall behind (without realising)
• And how to stay ahead without overcomplicating things 👍

If you want to feel more in control this year, it’s well worth a quick read 👇

👉 https://www.llewellyns.co.uk/how-much-to-set-aside-for-tax-uk/

Address

Brook House, Brook Road, Whitchurch
Cardiff
CF141DU

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 1pm

Telephone

+442920624230

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