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Facts and Figures Accountancy

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Facts and Figures Accountancy

Your trusted accountancy and finance partner, with you every step of the way. Put simply, our expertise could make all the difference

As well as dealing with tax and compliance issues, we can undertake many of the day-to-day financial operations of your business; leaving you with more time to concentrate on developing your business. We also offer proactive advice and tailored solutions specifically designed to improve your business’s profitability. We can also suggest strategies to maximise your personal wealth, while ensuring t

hat you are making the most of the tax-saving opportunities available to you. We pride ourselves on our friendly and positive working relationships with our clients. From family companies to independent owner-managed businesses and high-net-worth individuals, we make it our mission to help you achieve your business and personal objectives.

22/07/2026

Many people think budgeting is all about cutting expenses. In reality, it’s about making informed financial choices that support your goals.

Budgeting helps you track your income and expenses, allowing you to prioritise spending and save for the future. It provides clarity and control over your financial situation.

Neglecting to budget can lead to overspending, unexpected debt, and added stress. Without a clear plan, it can be tough to achieve your financial ambitions.

At Facts & Figures, we offer personalised budgeting services designed to fit your unique needs. Our expert team will work with you to create a practical budget that aligns with your goals.

Ready to take charge of your finances? Contact us today and let’s get started on your budgeting journey!

👉🏻 Visit https://factsandfigures.co.uk/ for more information.

20/07/2026

Facts & Figures Weekly: Stay Informed 💡
HMRC has proposed introducing a new criminal offence for making reckless, untrue statements regarding direct taxes like Income Tax. Currently, such provisions exist for indirect taxes like VAT. The proposed offence could result in prison sentences and/or fines, with a possible maximum of two years in prison. Examples of reckless behaviour include making significant tax claims without proper guidance or accurately reporting income from multiple accounts. Carelessness wouldn't fall under this new offence. What are your thoughts on this proposal? Leave a comment below! 💬

17/07/2026

Are you aware of the upcoming changes to income reporting? 📊

From 6 April 2026, sole traders and landlords with an annual income over £50,000 will need to use Making Tax Digital for Income Tax to report their earnings to HMRC. This new system requires digital record keeping and regular updates.

Ignoring these changes could lead to compliance issues, missed deadlines, and potential penalties.

Here’s how Facts & Figures can assist you:
- Provide clarity on Making Tax Digital requirements
- Guide you in choosing the right software for your needs
- Help you set up and maintain accurate digital records
- Ensure you meet all reporting deadlines

Don’t wait until it’s too late! Contact us today to ensure you’re ready for these changes. And remember, our guide is available in Welsh for your convenience. 🌟

👉🏻 Find out more about what we can do for you: https://factsandfigures.co.uk/.

15/07/2026

Many business owners think cloud accounting is just a fancy tool for tech-savvy companies. In reality, it’s a powerful resource for businesses of all sizes.

Cloud accounting allows you to access financial information anytime, anywhere, making it easier to track expenses and manage cash flow. It enhances collaboration and provides real-time insights that keep you informed.

Neglecting to adopt cloud accounting can lead to outdated practices, data loss, and inefficient decision-making. This can stifle your business growth and financial oversight.

At Facts & Figures, we specialise in cloud accounting solutions tailored to your needs. Our experienced team will guide you through the transition, ensuring you harness the full benefits of modern technology.

Ready to elevate your accounting processes? Contact us today and let’s get started on your cloud journey!

👉🏻 Visit https://factsandfigures.co.uk/ for more information.

13/07/2026

Facts & Figures Weekly: Stay Informed 💡
The government has issued consultations on tax and business policies, indicating future impacts on small businesses. Notably, HMRC is seeking evidence on PAYE Settlement Agreements (PSAs) to enhance their clarity and efficiency by focusing on employer practices and administrative burdens. Another proposal requires VAT-registered businesses to pay liabilities by Direct Debit to reduce late payments. Consultations close on 15 Sept 2026 and 16 Aug 2026. How do you think these changes will affect your business? Share your thoughts below! ✍️

10/07/2026

Are you ready for Making Tax Digital for Income Tax? 🔍

Many sole traders and landlords are unaware that starting from 6 April 2026, reporting income and expenses will change. If your total annual income exceeds £50,000, you’ll need to adopt this new system to comply with HMRC requirements.

Failing to prepare for these changes could result in missed deadlines or inaccurate submissions, leading to potential penalties and added stress during tax season.

Here’s how Facts & Figures can help:
- Explain what Making Tax Digital means for you
- Guide you in selecting compatible software for your reporting
- Help you create and maintain accurate digital records
- Provide a step-by-step approach to ensure compliance with deadlines

Don’t wait until the last minute to prepare! Reach out to us today to get started. Plus, our guide is available in Welsh for your convenience. 🌟

👉🏻 Find out more about what we can do for you: https://factsandfigures.co.uk/.

08/07/2026

Many business owners think payroll is just about paying employees on time. In reality, it’s a complex process that requires careful attention.

Payroll involves calculating wages, managing tax deductions, and ensuring compliance with employment laws. It’s essential for maintaining employee satisfaction and smooth business operations.

Ignoring payroll can lead to costly mistakes, missed deadlines, and potential legal issues. This not only impacts your employees but can also damage your business reputation.

At Facts & Figures, we provide comprehensive payroll solutions tailored to your needs. Our skilled team ensures your payroll is accurate, timely, and compliant, allowing you to focus on running your business.

Don’t let payroll complexities overwhelm you. Contact us today to simplify your payroll process and gain peace of mind!

👉🏻 Visit https://factsandfigures.co.uk/ for more information.

06/07/2026

Facts & Figures Weekly: Stay Informed 💡
Comcast’s Universal Ads has launched in the UK with Channel 4, ITV, and Sky, offering a self-service platform for small and medium-sized businesses to access affordable TV advertising. This system allows SMEs to plan, buy, and measure campaigns across all three broadcasters from one interface, eliminating the need for advertising agencies. Rak Patel from Channel 4 noted its potential to transform media access for smaller brands. It has been available in the US for over a year. 🌟 What do you think about this new approach to TV advertising? Leave a comment below!

03/07/2026

Are you aware that you might need to pay UK Income Tax on your foreign income? 🌍

Many people mistakenly believe that foreign earnings are exempt from UK tax. However, if you're a UK resident, your income from abroad—like wages, investment dividends, or rental income—is typically taxable.

Ignoring this could lead to unexpected tax bills or penalties if your foreign income isn't reported correctly.

Here’s how Facts & Figures can help:
- Clarify your residence status and its impact on your tax obligations
- Guide you in reporting foreign income accurately in your Self Assessment tax return
- Assist with claims for Foreign Tax Credit Relief if you’re taxed in multiple countries
- Provide resources to help you navigate the complexities of double taxation agreements

Don’t let foreign income catch you off guard! Contact us today for the support you need. And remember, our guide is also available in Welsh. 🌟

👉🏻 Find out more about what we can do for you: https://factsandfigures.co.uk/.

01/07/2026

Many start-ups believe that accounting can wait until they’re established. However, getting your finances in order from the beginning is crucial for success.

Strong accounting practices help you track income and expenses, manage cash flow, and ensure compliance with regulations. This sets a solid foundation for your business growth.

Neglecting accounting can lead to cash flow issues, tax problems, and financial confusion down the line. These challenges can seriously hinder your start-up's progress and viability.

At Facts & Figures, we specialise in helping start-ups establish effective accounting systems. Our expert team will guide you through the process, ensuring your financials are organised and accurate.

Ready to set your start-up up for success? Contact us today and let’s build a strong financial foundation together!

👉🏻 Visit https://factsandfigures.co.uk/ for more information.

Address

Edinburgh
EH111LW/G21BA

Opening Hours

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

Website

http://www.factsandfigures.co.uk/

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