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Modina

Floating Cloud LTD trading as Modina was founded with a passion for helping others and a love for contributing to business growth.

13/07/2026

Quick check!

Is your business financially organised?

If you’re unsure about any of these… you’re not alone

Most business owners don’t get taught this stuff

That’s why we exist: to make finances simple, clear, and stress-free

Get in touch and find out how we can help you today!
[email protected]
020 7183 8241

06/07/2026

That’s because profit ≠ cash flow

If your money isn’t managed properly, your business can struggle even when it’s doing well on paper

At Modina, we help you:
✅ Understand your cash flow
✅ Plan ahead
✅ Stay financially stable

Get in touch and find out how we can help you today!
[email protected]
020 7183 8241

30/06/2026

Even for standard enquiries, they can go back 4 years. And if they believe you've been careless with your records, that extends to 6.

This is exactly why good record keeping isn't just good practice, it's your protection. 🛡️

Accurate, well-maintained books mean that if HMRC ever comes knocking, you have everything you need to respond with confidence.

Think of it as financial insurance. One that pays off whether HMRC contacts you or not, because you'll always know exactly where you stand.

Questions about keeping your records HMRC-compliant? We're happy to help.
📞 020 7183 8241 | 🌐 modina.co.uk

23/06/2026

Payroll errors are more common than you'd think — and more costly than most people realise.

Here's what's actually at stake when payroll goes wrong:
- HMRC penalties: Late or incorrect RTI submissions can trigger fines starting from £100 per month. Errors in PAYE calculations attract further charges.
- Unhappy employees: Getting someone's pay wrong, even once, damages trust. And underpaid staff have legal rights.
- Pension compliance failures: Incorrectly calculated auto-enrolment contributions can result in fines from The Pensions Regulator on top of HMRC.
- Your time: Fixing payroll mistakes takes time you don't have, often at the worst possible moment.
- Knock-on record errors: One payroll mistake can ripple into your accounts, your year-end, and your tax position.

The simplest way to avoid all of this? Let someone who does this every day handle it.

At Modina, payroll is one of our core services. Accurate. Compliant. On time. Every time.
📞 020 7183 8241 | 🌐 modina.co.uk

18/06/2026

More time with clients. Better marketing. Actually taking a lunch break. A proper weekend. Getting ahead of that project you've been pushing back for three months.

Here's the thing: 5 hours is roughly how long the average small business owner spends on financial admin every week. Invoicing, reconciling, chasing payments, and trying to figure out what they can claim.

That's 260 hours a year. Six and a half working weeks.

Outsourcing your bookkeeping doesn't just save you money in the long run, it gives you back time that you can actually use.

So, what would you do with five extra hours? Tell us below. 👇

📞 020 7183 8241 | 🌐 modina.co.uk

16/06/2026

The smaller your business, the more every single pound matters. There's less margin for error, less buffer for unexpected costs, and less room to absorb a tax bill that could have been smaller with better planning.

Small businesses often benefit most from bookkeeping support — not least because the cost of getting things wrong is proportionally higher.

Good bookkeeping from the start means:
→ You always know where you stand financially
→ You don't miss expenses you're entitled to claim
→ You're never caught off guard by a tax bill you didn't see coming
→ You have the information to make good decisions as you grow

You don't have to be big to deserve proper support. You just have to be in business.
📞 020 7183 8241 | 🌐 modina.co.uk

11/06/2026

HMRC issued millions of penalties last year to UK businesses and individuals. Here are the most common reasons — and the thing they all have in common:

⚠️ Late self-assessment filing, miss the 31 January deadline and you're automatically fined £100. It climbs from there.
⚠️ Incorrect VAT returns, even an honest mistake, can trigger a penalty if HMRC believes you weren't careful enough with your records.
⚠️ Missing payroll deadlines, RTI submissions must reach HMRC on or before pay day. Late submissions mean fines.
⚠️ Poor record keeping. If HMRC investigates and finds your records inadequate, they can estimate what they think you owe, and it's rarely in your favour.
⚠️ Failing to notify HMRC of changes — New income stream? Crossed the VAT threshold? Became an employer? These all require action, and not taking it is penalised.

What do they all have in common? They're all preventable.
Good bookkeeping, accurate records, and someone keeping an eye on deadlines is all it takes.

📞 020 7183 8241 | 🌐 modina.co.uk

09/06/2026

Get in touch today to find out how we can help you stay on track with tracking your business's expenses

📞 020 7183 8241 | 🌐 modina.co.uk

04/06/2026

What is CIS?

CIS is a HMRC tax scheme where contractors deduct money from subcontractor payments and pass it directly to HMRC. It acts as an advance payment towards the subcontractor's tax and National Insurance.

Who does it apply to?
Anyone working in construction — from large contractors to self-employed tradespeople. Plumbers, electricians, builders, landscapers — if construction is your business, CIS likely applies.

What happens if you get it wrong?
Penalties. Missed refunds. Overpaid tax that you never reclaim. We see it all the time.

The good news — if you're owed a CIS tax refund, we can help you claim it back. And if you're not sure whether CIS applies to you, get in touch, and we'll give you a straight answer.

📞 020 7183 8241 | 🌐 modina.co.uk

02/06/2026

Short answer: No, not always. And that shoebox stuffed under your desk? It can finally go.

HMRC has accepted digital records for years, but there are rules about how you store them. Here's what you actually need to know:

📄 Digital copies are accepted, a photo on your phone counts, as long as it's clear and legible
📄 The record must show the amount, date, supplier and what was purchased
📄 You must keep business records for at least 6 years (5 years after the 31 January submission deadline for self-employed)
📄 HMRC-recognised software like QuickBooks, Xero or FreeAgent can store records compliantly
📄 Original VAT receipts may still be needed in some cases, especially for higher-value purchases

The golden rule? Keep everything digital, keep it organised, and keep it for long enough. If you're not sure what system works for your business, ask us.

📞 020 7183 8241 | 🌐 modina.co.uk

Address

122 Whinbush Road
Hitchin
SG51PN

Opening Hours

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

Website

https://modina.co.uk/contact-us/

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