Accounting Clarkes

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Whether you have employees or you simply want to understand what your own tax code means, there is a handy tax code chec...
28/05/2026

Whether you have employees or you simply want to understand what your own tax code means, there is a handy tax code check on the Gov.UK website.

The tax code checker will allow you to:
✅ find out what the letters and numbers in your tax code mean
✅ see how much Income Tax you’re due to pay
✅ update your records if something’s wrong
✅ understand the deductions included in your tax code

As well as your tax code, you will need:
➡️ annual income, before any deductions
➡️ company benefits details
➡️ State Pension amount

Tax code checker: https://www.gov.uk/guidance/check-what-your-tax-code-means

Confirmation statements can come across as a minor or 'quick' admin task to complete once a year, but as they are compul...
26/05/2026

Confirmation statements can come across as a minor or 'quick' admin task to complete once a year, but as they are compulsory requirement from Companies House, they should be treated with some respect.

Even if there are no changes to the company information, a confirmation statement still needs to be submitted on time to confirm that.

If any details are incorrect and do not match what Companies House holds on record, the confirmation statement cannot be submitted. If submission is left until the eleventh hour before the deadline, then the deadline could be missed.

Take this as your sign to check that all company director details recorded with Companies House are correct. Please don't assume! We've heard of more than one example where dates of birth are incorrect (some directors are decades younger!) and it is causing unnecessary stress when submitting the confirmation statement.

If you are a sole trader or landlord with combined gross income over £30,000, filing your 2025/2026 tax return early mak...
21/05/2026

If you are a sole trader or landlord with combined gross income over £30,000, filing your 2025/2026 tax return early makes sense for several reasons:

1. It will be off you to do list so you can focus on running your business and serving customers.

2. You will know exactly what you owe well in advance, which gives you time to budget and avoid a cashflow shock. Remember, the first payment on account is due on 31 July 2026, followed by a balancing payment and your next payment on account on 31 January 2027.

3. If you have overpaid tax, an early submission means an earlier refund.

4. From a practical point of view, your records are still fresh: receipts are easier to find, figures are easier to reconcile, and the process is far less painful.

5. It will also help make the transition to MTD less stressful. You can focus on getting the business prepared for MTD.

Our latest blog covers why the dawn of the new tax year is the perfect opportunity to get ahead of the game. https://accountingclarkes.com/blog/a-new-tax-year-and-your-opportunity-to-be-ahead-of-the-game/

In our experience, there are lots of business owners who lack confidence when it comes to interrogating the numbers in t...
18/05/2026

In our experience, there are lots of business owners who lack confidence when it comes to interrogating the numbers in their business.

They shy away from creating cashflow forecasts and financial reports because they aren't 100% sure what the numbers mean.

AI can be of some support here, helping to explain what a specific figure means in context, as opposed to an answer from Google which may simply offer a definition of the financial terminology.

If you are using AI to interpret the financial data in your business, we advise that you consider the following:

⚠️ From a data protection point of view, we don't recommend uploading all your financial data into AI tools, especially ones that aren't paid-for subscriptions.
⚠️ The answers you receive will only be as good as the questions you ask.
⚠️ AI might not have the full picture of your business so can only answer you based on the data provided.

AI is being used successfully in businesses in lots of ways - spotting trends in data, identifying anomalies (potentially fraud), automating admin tasks to free up your time, for example.

But when it comes to analysing your business performance and understanding the numbers, the best advisor you can turn to is your accountant. They will look at your business holistically, and take your personal finances into consideration too.

The answer may not be as instant, but it will certainly be more qualified.

We are happy for our clients to ask us questions to help them better understand. There is no such thing as a silly question!

Just a few photos of the team taking a break from the numbers, enjoying a day at Accountex this week.It was a great day ...
15/05/2026

Just a few photos of the team taking a break from the numbers, enjoying a day at Accountex this week.

It was a great day meeting suppliers from the accountancy world, and plenty of opportunities to listen and learn from industry experts.

We're still digesting our notes (and resting our feet!) and can't wait to share more with you over the coming weeks.

When it comes to taking money out of your business, doing what you've always done doesn't necessarily mean you'll get wh...
12/05/2026

When it comes to taking money out of your business, doing what you've always done doesn't necessarily mean you'll get what you've always got!

Tax legislation and thresholds will often change at the start of the new tax year. This means that the advice you received previously could now be outdated.

There could be a more tax efficient way for you to extract money from the business. Continuing as you did last year might result in you paying more tax than is required.

Sadly, there's not a straightforward answer. Your personal circumstances need to be taken into consideration, and that will be different for everyone.

The best route forward is to ask for qualified tax advice from your accountant or a tax professional.

If you opt to continue as you have in previous years, it could prove costly.

Is it time to get a fresh perspective on your tax affairs? We would be happy to help!

With a business to run, clients to serve and day-to-day demands competing for your attention, you might not be prioritis...
07/05/2026

With a business to run, clients to serve and day-to-day demands competing for your attention, you might not be prioritising your 2025/2026 tax return so soon in the new tax year. But if you are a sole trader or landlord with combined gross income over £30,000, the dawn of this particular tax year deserves a moment of your time.

Our latest blog explains why filing early makes sense and how it can help make the transition to MTD less stressful too.

Read it here: https://accountingclarkes.com/blog/a-new-tax-year-and-your-opportunity-to-be-ahead-of-the-game/

A reminder for those approaching the VAT threshold of a taxable turnover of £90,000:It's not limited to the turnover wit...
05/05/2026

A reminder for those approaching the VAT threshold of a taxable turnover of £90,000:

It's not limited to the turnover within a particular tax year. It's a rolling 12-month total.

You must register if either:

✅ Your total taxable turnover for the last 12 months goes over £90,000 (the VAT threshold)
✅ You expect your taxable turnover to go over £90,000 in the next 30 days

Have you completed a cash flow forecast recently? How close are you to the threshold? You can use your accounting software to help you check!

A successful month could easily see you tip into the VAT bracket, and you don't want to be caught off guard.

Being VAT registered comes with additional compliance and reporting, which you'll need to be prepared for.

We have lots of experience supporting VAT registered businesses, and we could help yours too!

Contact us today to find out more.

Whether your company is performing well or some areas need improvement, Accounting Clarkes will always be by your side.W...
01/05/2026

Whether your company is performing well or some areas need improvement, Accounting Clarkes will always be by your side.

We're proud to be a local source of advice and expertise. It's the reason we have an office based at Sentinel House. Our clients can pop by at any time to speak to us. If you have a quick question or something you'd like to talk through in detail, you'll always be speaking with a member of the team who knows (and cares about) your business.

If you are looking for a local accountant who:
✅ offers you the time and the personal service to look at your business holistically
✅ thinks about your business beyond compliance
✅ welcomes all your questions, big or small
.. then look no further. Our small but highly experienced team means you can build a rapport with us - you won't be passed to different individuals within different departments.

If you're looking for a friendly team of accountants, local to you, with the time to invest in your business, we're right here on your doorstep!

We'd love the opportunity to hear more about your business and how we can help you achieve your business and personal goals.

The phased introduction of Making Tax Digital for Income tax is one of the most significant changes for sole traders and...
28/04/2026

The phased introduction of Making Tax Digital for Income tax is one of the most significant changes for sole traders and landlords to navigate in recent years.

Changes lead to lots of questions and we feel it's important that business owners get those answers exactly when they need them. That's why we're in the process of updating the FAQ section of our website with the most common MTD questions we're being asked.

Whether MTD applies to your business in this tax year or not, we want to hear the key questions you had (or still have) to make sure our FAQs cover as many of them as possible.

Share them in the comments below or if you prefer, email [email protected] and we'll capture them there.

Just like tax legislation, employment law is complex and constantly changing. Trying to navigate it without the right ex...
23/04/2026

Just like tax legislation, employment law is complex and constantly changing. Trying to navigate it without the right expertise can create unnecessary risk for your business.

Our latest blog highlights several employment law changes that should be on your radar:
➡️ National Minimum Wage increases
➡️ Employment Rights Bill updates
➡️ The Youth Jobs Grant

It can be tempting to view these updates as isolated changes, but in reality, they are interconnected. Rising wage costs and increased employer obligations all influence your financial planning, recruitment strategy and risk profile. As we often advise, decisions should be led by the numbers and supported by clear forecasting and budgeting.

As your accountant, we will help you understand how these changes impact your payroll, cash flow and overall financial position.

The most successful businesses we work with do not wait for problems to arise. They take a proactive approach by surrounding themselves with the right advisers at the right time.

That includes accountants, HR professionals, legal advisers and other specialists who can support different areas of the business.

If you are unsure how the latest employment changes will impact your business financially, we are here to help you understand the numbers and plan ahead.

And if your situation requires HR expertise, we will always point you in the right direction so you can move forward with confidence.

https://accountingclarkes.com/blog/keeping-up-with-employment-law-changes-in-2026/

Address

Sentinel House
Fleet
GU512UZ

Opening Hours

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

Telephone

+441252612484

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