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Monday 10am - 4:30pm Tuesday 10am - 4:30pm Wednesday 10am - 4:30pm Thursday 10am - 4:30pm Friday 10am - 4:30pm

Tiny Shark Accounting

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United Kingdom
Leighton Buzzard
Tiny Shark Accounting

📍 UK | Accountant and Bookkeeper
🚀 Helping Creators & Small Business Owners get on top of their numbers
💫 Tax tips & tricks
🗳️ Xero Partner

03/09/2026

Wednesday 28 October is the next Autumn Budget. Save the date (or wait for your accountant to tell you the important bits)!

Don't forget - there's always speculation on the run up to the event, but, for small businesses, many of that speculation is unhelpful and sometimes dramatised.

Don't get caught up in it. Wait for the news itself. Speak to an advisor if you need to.

31/08/2026

Running a limited company?

You should be approaching it proactively I'm afraid!

To make the most of your numbers (and tax), you need to spend a little time on your company before your year end date passes... ➡️➡️➡️

1. Review your year to date numbers

This means running a financial year to date (since the start of your reporting year) profit and loss report so you can update your financial understanding of the company.

Did you make a profit? Or loss? If so, why?

You need this information to plan ahead.

2. Estimate your corporation tax

It won't be exact, but having a rough number in mind can help you manage the company cash and make sure you have enough squirrelled away to pay HMRC at a later date.

Having this estimate can help to provide peace of mind, but it gives you an idea of what you can otherwise do with the cash locked up in your business.

3. Consider making purchases before your year end date

If you are ALREADY sitting on a purchase or two, it may be beneficial to bring those purchases into the current financial year, which just means that any tax relief or capital allowances are claimed in the year.

This timing tweak can be helpful in some scenarios but please, please don't make purchases for the sake of it!

4. Review your unpaid invoices

It's time for a tidy up of those unpaid sales or even purchase invoices. Clear any of the old, bad or incorrect unpaid balances so that your reports are nice and accurate ahead of your year end.

This may also help with cashflow if you can get those sales invoices paid up.

And to be honest, you should be doing this one regularly anyway!

5. Prepare for your stock count

If this one is relevant to you (because you hold physical stock), don't forget to prepare for it. A stock count can be a large operation for big business, or a nice afternoon of organising if you're smaller.

Either way, don't fail to plan this in.

6. Check your directors loan balance!!

Don't assume it's fine, particularly if you are guilty of dipping into your DLA a bit too freely.

Make sure that any funds you owe to the company are swiftly repaid before your year end date to circumvent a

27/08/2026

Sharing a few kind words from a lovely client.

⭐⭐⭐⭐⭐

24/08/2026

Chances are you've heard of a profit and loss report (and you're looking at it quite often!).

But many business owners don't understand the other half of the equation, which is your balance sheet.

A balance sheet is another financial report that essentially shows a snapshot of your business at a given date. So it will break down things like what your business owns, what your business owes and your equity, so things like the shares that you own in the company.

It is a really important financial report to have an understanding of as it can show the health and general liquidity and other things to do with running a business.

When did you last look at your balance sheet?

If the answer is never or you don't know, now is the time to!

20/08/2026

Just a lil' get to know me post 💅

I'm getting slowly and surely back into routines after a summer of busyness, and what nicer way than by starting with a few things to help you get to know me better

😎😎

10/08/2026

A reminder for the Limited company owners out there... 🤞😌

24/07/2026

Here are five questions from the MTD webinar I presented this week with Georgey Routen - small business consultant ✨

Are tax payments changing?

Not at the moment. January and July payments currently still apply.

However, HMRC is currently consulting on making these taxpayers pay more frequent installments, even monthly, based on estimated tax figures.

Do dividends need to be reported as part of MTD?

Good news - no they do not.

Only self-employment and rental income are under the scope of MTD for income tax as we stand. That however will expand in future years.

How quickly do you need to start following MTD once you qualify?

Once you have a qualifying year, you have to follow MTD rules and submissions from the following tax year. So if you qualify based on your earnings in 2026/27, you start from April 2027.

When do you recommend getting bookkeeping support?

It depends!

If you're tech and software savvy, are happy to spend some time getting to grips with new systems and you have a relatively simple business, you may be okay to DIY your records.

Any complexity or high volumes, I might suggest exploring support, even if it's some initial training and support.

How can I enter mileage into my software?

You have a few options!

Some software has specific mileage functionality that you can use, others will allow you to enter expense claims or bills to reclaim those costs.

You can also reimburse yourself directly from your business bank, but remember any payments must be supported by a mileage log.

Are you feeling ready for MTD?

👋👋

22/07/2026

What even is MTD?

Folks mandated for Making Tax Digital in 2026/27 will be in the midst of completing their first quarterly submissions to HMRC. This may mean figuring out new software, how to complete bookkeeping and mustering up the courage to hit 'submit' to HMRC.

Regular bookkeeping is the key to making MTD manageable.

If you're still figuring out MTD for yourself, focus on looking into bookkeeping software, import or connecting your business bank and start categorising transactions and keeping digital financial records.

(NB: it's not for everyone. Numbers and software can be hard, so you may want to look for support.)

You can also join me and this Thursday lunchtime for our MTD session where we'll be talking about what MTD is in the first place, steps you can take now to be compliant and why getting MTD-ready is genuinely good business strategy.

Let me know if you'd like the details ✨

20/07/2026

Tree check! 🧮

Tiny Shark Accounting has planted more than 600 trees globally since we started our tree-planting scheme. That's two trees planted for every sales invoice - one for our client, one for us.

We think that's pretty cool. 🌳🌲🌴

And did you know: if you've been considering planting trees yourself.. there is now a referral scheme! If you sign up and start planting, we'll each get a bonus of 25 trees.

All done via

14/07/2026

Should your business be a Limited company? Should you be a sole trader? Do you need to be a partnership?

This is one of the really common questions I come across with my business clients, and if you are starting a business, you're probably having a little think about it.

My main recommendation?

Your business structure should follow your long term plans.

That means you need to have a little think about where you want your business to be, maybe even writing a business plan to see where you are sitting on the scale of small, less risky to big, more risky.

Taxes are only one part of the story!

Address

Market House, 25 Market Square
Leighton Buzzard
LU71EU

Opening Hours

Monday	10am - 4:30pm
Tuesday	10am - 4:30pm
Wednesday	10am - 4:30pm
Thursday	10am - 4:30pm
Friday	10am - 4:30pm

Website

http://www.tinysharkaccounting.co.uk/

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