Abbey Bookkeeping Solutions

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Abbey Bookkeeping Solutions

Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Abbey Bookkeeping Solutions, Tax preparation service, Chorley.

Making bookkeeping smooth, simple and stress-free for busy business owners.

🔵All aspects of bookkeeping
🔵Accounts Payable and Receivable
🔵VAT returns
🔵Computerised Accounting Software

🟥AAT Licensed Bookkeeper
🟥Xero Partner
🟥FreeAgent Partner

15/06/2026

I've had several conversations today about the recent mileage allowance increase, and it seems many business owners still haven't heard about it.

For the first time in 15 years, the HMRC approved mileage rate for cars and vans has increased from 45p to 55p per mile for the first 10,000 business miles each tax year. Even better, the change has been backdated to 6 April 2026. The rate above 10,000 miles remains at 25p per mile.

This might not sound like much, but if you regularly use your own vehicle for business, those extra 10p per mile can soon add up.

A few things to consider:

✅ Check that you're using the correct rate going forward
✅ Review any mileage claims already made since 6 April 2026
✅ Make sure you're keeping accurate mileage records
✅ Don't miss out on legitimate business expenses

This is also a good reminder that small changes in tax rules can have a real impact on your business finances. Staying on top of your bookkeeping means you're much more likely to spot opportunities like this and avoid leaving money on the table.

Have you updated your mileage claims yet? 🚗💨

11/06/2026

🚨 Stop! Is DIY Bookkeeping Really Saving You Money? 🚨

Many business owners handle their own bookkeeping to save money, but have you ever considered what it's actually costing you?

Here are some of the hidden costs of DIY bookkeeping:

⏰ Your Time
Spending hours each month entering transactions and reconciling accounts is time you could be spending serving clients, winning new business, or simply taking a well-earned break. Just 8 hours a month at £30 per hour is £240 of your time.

📈 Missed Opportunities
When you're buried in paperwork, it's harder to focus on growing your business and spotting new opportunities.

⚠️ Costly Mistakes
Errors in VAT returns, tax records, or financial reporting can lead to penalties, additional accountancy fees, and a lot of unnecessary stress.

💷 Cash Flow Blind Spots
Without accurate, up-to-date records, it's easy to miss unpaid invoices, overlook expenses, or struggle to see where your money is going.

😩 The Stress Factor
Bookkeeping often ends up on the evening or weekend to-do list, taking time away from family, hobbies, and the things you actually enjoy.

A bookkeeping health check can help identify errors, improve your processes, and give you clear financial information you can rely on.

Professional bookkeeping isn't just about keeping records organised. It's about saving you time, reducing stress, improving cash flow, and giving you confidence in your numbers.

👉 If any of these points sound familiar, now might be the perfect time to invest in a bookkeeper.

04/06/2026

Are you setting money aside for your tax bill each month?

One of the most common mistakes I see business owners make is spending everything that lands in their business account, only to be caught out when their tax bill arrives.

A simple habit can make a huge difference:
✅ Money in
➖ Business expenses out
📊 Calculate a percentage of what's left (minimum 20%)
💷 Move that amount into a separate savings account

It only takes a few minutes each month and can help you avoid a nasty surprise later on.

I've created a simple spreadsheet that helps you work out how much to set aside each month.

Comment TAX and I'll send it over. 😊

01/06/2026

☀️ Hello June! ☀️

Where has May gone?! 😅

Sorry I've been so quiet on here lately, the month absolutely flew by. Between keeping on top of client bookkeeping and navigating the children's half-term, it's been a very busy few weeks!

I'm incredibly grateful to all of my clients for keeping me busy, and I'm looking forward to helping even more businesses stay organised and stress-free as we head into June.

And let's hope the sunshine makes a return soon too! 🌞

Here's to a productive month ahead, brighter days, and getting those finances in order! 📊✨

30/04/2026

✨ Wondering what it’s like to work with me? Here’s how it works…

Step 1: Book a call
We’ll have a relaxed, no-pressure chat about you, your business, and what you need.

Step 2: Bespoke package
I’ll create a tailored package that fits you.

Step 3: Onboarding
Simple, smooth, and completely stress-free. I’ll guide you through everything.

Step 4: Relax
You get back to doing what you do best, while I take care of the numbers 🙌

Ready to make your finances feel easy? Drop me a message

28/04/2026

Most businesses aren’t losing money in obvious ways. It’s happening quietly, in the background.

🔴 Not pricing properly
If your prices don’t reflect your costs, time, and value… you’re underpaid every single day.

🔴 Ignoring small expenses
Subscriptions, software, little “it’s only £10” purchases… they add up faster than you think.

🔴 No monthly review
If you’re not checking your numbers regularly, problems don’t get fixed, they grow.

None of these feel urgent in the moment…But over time? They quietly drain your profit.

👉 The good news: every single one of these is fixable.

Start by checking your numbers this month, not at year end.

Save this so you can come back to it when you need a reset ✔️

27/04/2026

💭 Your bank balance and your actual accounts can tell two VERY different stories…

You open your banking app and see a healthy balance 😌
“Business is doing great!”

Then your bookkeeper says:
“Actually… you’ve made a loss this year.”

Wait… what?! 😳

How can that be when there’s money in the bank?

Here’s the truth 👇
💡 Your bank shows cash right now
💡 Your accounts show how your business is actually performing

That “nice balance” might still include:
– Unpaid bills
– Tax that’s coming due
– Income that isn’t actually profit yet

So while your bank looks healthy…your profit might be telling a different story 📊

And that’s exactly why proper bookkeeping matters. It turns confusion into clarity.

24/04/2026

✨ What software do I work with?

I keep things simple, efficient, and tailored to small businesses by working with:

👉 FreeAgent
Perfect for freelancers, sole traders & landlords. It's easy to use, great for tax, invoicing, and staying on top of your numbers 📊

👉 Xero
A powerful, flexible platform ideal for growing businesses, with lots of integrations and detailed reporting 📈

💡 Not sure which is right for you?

That’s where I come in. I’ll recommend the best fit for your business and support you every step of the way.

📩 Drop me a message chat through your options

21/04/2026

📊 Limited Company Deadlines (2026–2027)

One of the biggest misconceptions?
👉 There isn’t just ONE deadline.

For limited companies, your deadlines are based on your year end but here’s the simple way to understand it:

💡 You pay your tax first… then file it later

🧾 The key rules:

✔ Company accounts (Companies House)
→ Due 9 months after your year end
✔ Corporation Tax payment
→ Due 9 months + 1 day after your year end
✔ CT600 (tax return)
→ Due 12 months after your year end
✔ Confirmation Statement
→ Due every 12 months
→ Filed within 14 days of your review period ending

✔ Register for Corporation Tax
→ Within 3 months of starting to trade

👤 Directors — don’t forget:
If you take dividends, you’ll usually need to submit a Self Assessment tax return
📅 Deadline: 31 January following the end of the tax year
(e.g. 31 January 2027 for the 2025/26 tax year)

⚠️ Missing deadlines can lead to penalties, interest, and unnecessary stress.

20/04/2026

📅 Sole Trader Tax Calendar (2026–2027)

Broken down nice and clearly so you can actually use it 👇
(Save this ✔️)

📌 Tax Year Dates
✨ 6 April 2026 – Tax year starts
✨ 5 April 2027 – Tax year ends

💸 Payments & Returns
✨ 31 July 2026 – Second payment on account (2025/26)
✨ 5 October 2026 – Register for Self Assessment (if newly self-employed)
✨ 31 October 2026 – Paper tax return deadline (2025/26)
✨ 31 January 2027 🚨
• Online tax return deadline (2025/26)
• Tax bill due
• First payment on account (2026/27)

📊 MTD Quarterly Updates (if applicable)
✨ 7 August 2026 – Q1
✨ 7 November 2026 – Q2
✨ 7 February 2027 – Q3
✨ 7 May 2027 – Q4😅

🧾 Employer Deadlines (if you have staff)
✨ 31 May 2026 – P60s issued
✨ 6 July 2026 – P11Ds deadline

No more last-minute panic 😅

Address

Chorley

Website

https://linktr.ee/abbeybookkeeping, https://www.abbeybookkeeping.co.uk/

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