JTR Accountancy

09/07/2026

Do you really understand your Profit & Loss report?

Your Profit & Loss (P&L) statement is more than just numbers on a page – it's one of the most powerful tools for understanding how your business is performing.

Knowing how to read your P&L can help you:
✅ Track your profitability
✅ Spot unnecessary costs
✅ Make smarter business decisions
✅ Plan for future growth with confidence

If you've ever looked at your accounts and felt overwhelmed, our latest blog breaks it down into plain English.

Read it here 👇
https://jtraccountancy.co.uk/understanding-your-profit-loss/

At JTR Accountancy, we're here to help you understand your numbers, not just prepare them.

Understanding Your Profit & Loss Read the latest accountancy insights, tax advice and business tips from JTR Accountancy. Supporting businesses, self-employed professionals and individuals across Gloucestershire and the UK.

28/06/2026

Making Tax Digital for Income Tax is here – are you ready?

If you're a sole trader or landlord, the way you report your income to HMRC is changing. Keeping digital records and submitting quarterly updates will become the new normal for many businesses.

At JTR Accountancy, we've taken a close look at the options available, and in our latest blog we explain why we recommend Xero as the ideal software to help you stay compliant while making your bookkeeping easier.

✅ HMRC-recognised software
✅ Save time with automation
✅ Real-time financial information
✅ Ready for Making Tax Digital

Read our latest blog here:
https://jtraccountancy.co.uk/making-tax-digital-for-income-tax-why-we-recommend-xero/

If you're unsure how Making Tax Digital affects you, or you'd like help getting set up with Xero, get in touch – we're here to help.

Making Tax Digital for Income Tax: Why We Recommend Xero Read the latest accountancy insights, tax advice and business tips from JTR Accountancy. Supporting businesses, self-employed professionals and individuals across Gloucestershire and the UK.

21/06/2026

We recently found a construction client with over £30,000 of unclaimed CIS suffered.

Many business owners don't realise that reclaiming CIS is different depending on how you operate.

➡️Sole traders typically claim CIS deductions through their Self Assessment tax return.

➡️ Limited companies usually need to offset CIS suffered against PAYE and National Insurance through an Employer Payment Summary (EPS). And later be offset agaisnt corporation tax or refunded directly to the business account.

If the EPS isn't completed correctly, CIS suffered can build up and remain unclaimed for months or even years.

Unfortunately, this is something we come across more often than you might think.

If your construction company suffers CIS deductions, do you know how much CIS suffered is currently sitting on your HMRC account?

16/06/2026

Running a business is hard enough without worrying about VAT deadlines, payroll, tax returns and compliance.

That's where we come in.

We help business owners stay on top of the numbers, meet their obligations and avoid unnecessary stress.

No jargon.

No unnecessary complications.

Just practical advice and support when you need it.

If you're looking for an approachable accountant who genuinely wants to help your business succeed, send us a message to arrange a call.