OBS Accounting

OBS Accounting Our family-owned accounting practice provides a range of accounting services to individual customers and businesses - from tax returns to setting out budgets.
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Visit here https://linktr.ee/myobsaccounting for more details.

28/08/2026

Taking on your first business premises is exciting… but it can also feel like the costs start piling up very quickly, business rates being one of them.

A few things you can do:

👉 Look up the rateable value yourself. You can search the property on GOV.UK before you commit. If you’re still unsure what this is, we’ve explained it in a previous reel, pinned at the top of our page

👉 Check what relief you’re entitled to with the local council. They’re the ones who issue the Business Rates bill and deal with reliefs

👉If the rateable value looks wrong, you don’t necessarily have to accept it. You can check how the VOA arrived at the figure, compare it with similar properties and, if appropriate, challenge the valuation

Basically: don’t leave Business Rates until after you’ve signed the lease.

A few checks beforehand can make a real difference to what that space actually costs your business.

Next in the series: what happens to Small Business Rate Relief when you take on a second property? 👀

27/08/2026

Most commercial properties in England are subject to Business Rates, usually billed separately by your local council. And that bill isn’t simply based on the rent you’re paying…

Each property has a rateable value, set by the Valuation Office Agency (VOA). Current values came into effect on 1 April 2026 and are based on what the property could have rented for on the open market on 1 April 2024.

Your council uses that value, the relevant Business Rates multiplier and any reliefs you qualify for to work out what you pay. And those reliefs can make a big difference…

Some qualifying businesses can have their Business Rates bill reduced all the way to £0 👀

So before committing to a shop, salon, studio, workshop or office, check:

• the property’s rateable value
• what the Business Rates bill could be
• whether you could qualify for relief

Two premises with similar rent won’t necessarily cost your business the same overall.

Next: who can qualify for Small Business Rate Relief and when that bill can actually be £0. Follow for Part 2 😊

Student loan deductions are one of those payroll responsibilities that can easily catch employers out… You don’t need to...
26/08/2026

Student loan deductions are one of those payroll responsibilities that can easily catch employers out… You don’t need to investigate who has a loan. But once you’re told deductions apply, you need to make sure the correct plan is set up and the right amount is taken through payroll.

Save this for later in case you forget! And if you’re ever unsure what should be deducted, just ask. We’re happy to chat 😉

General guidance only. Individual circumstances may vary.

Giving something away can still be good for business - in more ways than one! Free samples at markets, taster sessions, ...
18/08/2026

Giving something away can still be good for business - in more ways than one!

Free samples at markets, taster sessions, giveaways and branded items can help get your name out there, attract new customers and give people a reason to try what you offer.

And in some cases, the costs can also be allowable for tax… The key is knowing what counts, what doesn’t, and what the caveats are. We’ve broken down a few of the less obvious rules in the carousel for you 😇

Save this for when you need it - and follow us for more practical tax tips that actually apply to running a business.

👩‍🏫And remember, this is general guidance only. Tax treatment depends on your individual circumstances, so always check with your accountant before

28/07/2026

Bookkeeping procrastination is real…🫠 You start with the best intentions.
Five minutes later? You’re wiping down your desk, deep-cleaning, doom scrolling - doing anything to avoid digging through 400 unread emails to find that one missing receipt.

Most business owners don't hate bookkeeping because they're bad at numbers. They hate it because it’s a complete waste of their billable time.

This is where a professional accountant or bookkeeper steps in - to give you your time back ⏰🎁

Now, full transparency: hiring us isn't magic. You still have to do one tiny thing : snap a quick photo of your receipts on your phone when you buy stuff, and answer the occasional "Hey, what was this £30 charge for?" text.

That’s literally it.

We do all the actual heavy lifting: matching transactions, sorting tax categories, keeping your VAT clean, and balancing the books so year-end isn't a nightmare.

Every hour you spend wrestling with DIY bookkeeping is an hour you’re not making money, or enjoying your life. Stop letting bookkeeping dread ruin your Sundays.

📩 DM us ‘BOOKS’ to become a client, let’s get your bookkeeping sorted properly

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Unit 4, The Old Bakery
Cranleigh
GU68AU

Telephone

+447415012256

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