Root2Growth - Accounting To Help Your Business Grow

Root2Growth - Accounting To Help Your Business Grow Your growth potential is our business. Helping you make better business decisions. Empowering busine

Root2Growth is passionate about improving financial literacy in business. We believe that employees who can understand how their actions affect the financial results make better business decisions.

Here are the new rates as announced this week
24/05/2026

Here are the new rates as announced this week

21/05/2026

Important Update for Small Business Owners

The Chancellor Rachel Reeves made several announcements today that could directly affect your business, and we wanted to make sure you had the key facts straight away.

Mileage Allowance Increase
The approved tax-free mileage rate has increased from 45p to 55p per mile, backdated to 6 April 2026. If you reimburse employees for business travel, you can now pay the higher rate tax-free, and you may be able to make a backdated top-up payment to employees who have already been reimbursed at the old rate this tax year.

Temporary VAT Reduction this Summer
From the end of June until 1 September 2026, VAT on a range of leisure and hospitality activities drops from 20% to 5%. If your business operates in any of the following areas, this affects you:
🎑 Theme parks, zoos, museums, soft play centres, adventure parks, nature reserves, wildlife parks and circuses
🎬 Cinemas, theatres, concerts, shows and exhibitions (children's and family tickets)
🍽️ Children's meals served in restaurants and cafes
The reduction is temporary and it is up to businesses whether they pass the saving on to customers, but there are important VAT accounting implications to consider, and HMRC guidance has not yet been published.

We are reviewing the detail as it emerges and will be contacting clients we believe are affected directly. In the meantime, if you are unsure how any of these changes impact your business, our team is here to help.

πŸ“© Get in touch with us at Root2Growth and let's make sure you are making the most of every opportunity these changes bring.

28/04/2026

A huge thank you to everyone that popped into the office this evening during our first open office evening.

Lots of lovely conversations and questions answered along with lots of lovely treats from Sugarplum Desserts and Deli UK LTD and The Sugar Mill making talking tax and accounts a lot sweeter!

Don’t worry if you missed it, we always welcome walk ins during the day!

We love having our office in the heart of Chudleigh allowing for members of the community to pop in and ask questions to...
17/04/2026

We love having our office in the heart of Chudleigh allowing for members of the community to pop in and ask questions to our team.

We are working on some free workshop sessions to help anyone looking at starting a business, recently started a business or just wanting some guidence and advice in their current business so watch this space for more news on these workshops.

The office is currently open Monday to Friday and we welcome walk ins, we also have plans a foot to open on Saturdays as well so watch this space.

As part of the changes we mentioned in our last couple of posts, one of the things we have been working on is making sur...
15/04/2026

As part of the changes we mentioned in our last couple of posts, one of the things we have been working on is making sure our clients and the wider community are properly supported with what is arguably the biggest change to hit small business tax reporting in a generation.

Making Tax Digital for Income Tax is now live, and if you are a sole trader or landlord earning over Β£50,000 a year, it affects you. From this tax year, HMRC requires you to keep digital records and submit quarterly updates rather than a single annual tax return. It sounds more complicated than it needs to be, and that is exactly why we have put together four clear packages to take the stress out of it.

Whether you want a simple, low cost solution that keeps you compliant and leaves you to get on with running your business, or you would prefer us to handle everything end to end so you never have to think about it, there is an option to suit you. Our packages start from just Β£30 per month.

If you are not sure whether MTD for Income Tax applies to you, or you just want to understand what it means in practice before doing anything else, the best place to start is to pop into our office for a chat and maybe a biscuit?

We would much rather you ask the question now than find yourself scrambling later in the year.

Now that we have shared the news about Root2Growth joining OnPoint Accounting Group, we wanted to take a moment to intro...
13/04/2026

Now that we have shared the news about Root2Growth joining OnPoint Accounting Group, we wanted to take a moment to introduce the person leading that next chapter, Johann Goree.

Johann's story, and the story of OnPoint Accounting Group, really begins in a pub in January 2017. He was working in the outdoor activity industry at the time, and like most people who end up doing something for themselves, he spotted a problem. His friends, many of them canoeing instructors, climbing instructors, cyclists, people who had turned a passion into a small business, could not get straightforward help from accountants. They were either ignored because they were seen as too small to bother with, or they felt too afraid to pick up the phone in case they were charged just for asking a question.

Nine years later, OnPoint has grown to a team of thirty serving hundreds of clients from start-up businesses and individuals through to multi-million pound turnover businesses growing through acquisitions themselves across the UK.

That story matters here, because it is exactly the kind of business Root2Growth was built to support. Small businesses started by people with a skill, a passion, and a dream, who just need an accountant they can actually talk to. Johann recognised that the moment he first came across the practice, and it is a big part of why this felt like the right fit. The same values that started OnPoint in a pub nine years ago are the same values that have always driven Root2Growth, and that is not something we plan to change.
We are looking forward to introducing him to more of you over the coming weeks.

You may have noticed we have been a bit quiet on here over the last month or so, and we wanted to explain why.Root2Growt...
11/04/2026

You may have noticed we have been a bit quiet on here over the last month or so, and we wanted to explain why.

Root2Growth has joined OnPoint Accounting Group, and the last few weeks have been spent ensuring the leadership transition happened smoothly, with no disruption to our clients or change to the team, while also taking the opportunity to evolve our service offering.

We are really excited about what this means for the work we do here in our local area, and we are ready to get back to doing what we love most, supporting local businesses and helping them grow.

With that in mind, and with the new tax year now upon us, we want to make sure everyone is aware of Making Tax Digital for Income Tax. If you are a sole trader or landlord earning over Β£50,000, the way you report your income to HMRC has changed, and we have put together four clear, affordable packages to make the transition as straightforward as possible.

If you are not sure whether this affects you, or you just want a friendly conversation about what it means in practice, get in touch. We would love to hear from you.
It is good to be back.

πŸ’‘ Save this post for later + share with a busy business owner who needs it!Time is your most valuable resource as a busi...
23/03/2026

πŸ’‘ Save this post for later + share with a busy business owner who needs it!

Time is your most valuable resource as a business owner. Here are 4 simple ways to win back your time and boost productivity. Which one will you try first?
______

⏰ Tax deadlines = stress if you leave them to the last minute. Avoid penalties and cash flow surprises by keeping these ...
20/03/2026

⏰ Tax deadlines = stress if you leave them to the last minute. Avoid penalties and cash flow surprises by keeping these October dates in your diary.

πŸ‘‰ Save this post + set your reminders today. Need help filing? Message me.
_______

Address

Exeter

Opening Hours

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

Alerts

Be the first to know and let us send you an email when Root2Growth - Accounting To Help Your Business Grow posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Share

Category