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FHP Accounting Services Limited

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FHP Accounting Services Limited

We are an Accountancy practice specialising in Commercial and Residential Property Accounting. DM for enquiries.

The administration of running a property is sometimes a burden, we take care of everything so you can focus on what you do best. If you need help or advise with;

• Property capital gains
• Residential or commercial service charge accounts
• VAT
• Annual Accounts
• Payroll
• Tax returns

We can help! We also offer bespoke services for property owners and managers, as we know not every requirement is the same.

01/06/2026

Self Assessment catches a lot of people off guard, and not just first-timers. 🧾⚠️

Even those who have filed for years can find themselves underprepared, missing key details or rushing at the last minute because the deadline arrived faster than expected. ⏳

You may need to complete a Self Assessment tax return if:

• You are self-employed or a sole trader with income over £1,000 💷
• You are a partner in a business partnership 🤝
• You receive rental income from property 🏠
• You have untaxed income from savings, investments, dividends or overseas income 📊
• You need to report Capital Gains Tax 📈
• You need to pay the High Income Child Benefit Charge through Self Assessment 👨‍👩‍👧

Filing on time helps avoid penalties, but filing accurately is what really matters. Errors, omissions or missing information can create unnecessary stress and may lead to further HMRC questions. 📄

If you are unsure whether you need to file or want help preparing your return, contact FHP Accounting today. 📩

🌐 https://fhpaccounting.co.uk/personal-tax-returns/
📧 [email protected]

29/05/2026

Most limited company directors know they need to file a company tax return. 📄

Fewer realise how much the way that return is prepared can affect what the company actually pays. 💷

Your company tax return is not just a formality. It is where reliefs, allowances and deductions are either claimed correctly or missed entirely. ✅

A few things worth understanding as a director:

• Capital allowances on equipment, vehicles and fixtures may help reduce taxable profit where eligible 🧾
• Research and development tax relief may apply to more businesses than many directors realise, depending on the work carried out 💡
• Losses from another period may sometimes be used to offset profits, subject to the rules 📊
• Directors’ loans that remain outstanding at year-end can create additional tax issues if not handled correctly ⚠️
• Company tax returns are usually due 12 months after the accounting period ends, but Corporation Tax payment deadlines may arrive earlier 📅

The difference between a return that is simply filed and one that is properly reviewed can be meaningful for your tax position.

For support with company tax returns, get in touch with FHP Accounting today. 📩

🌐 https://fhpaccounting.co.uk/company-tax-returns/
📧 [email protected]

27/05/2026

VAT remains one of the biggest compliance pressure points in the UK tax system. 📊💷

HMRC’s latest estimate says the VAT gap for 2024 to 2025 was 6.5%, worth £11.9 billion. That was up from 5.0% and £8.9 billion for 2023 to 2024, although still below the 7.8% gap recorded for 2022 to 2023. ⚠️

For businesses, this is a useful reminder that VAT is not just a deadline task. Errors, missed filings and weak record keeping can quickly create problems. 🧾

A stronger VAT process can help you stay on top of:

1. Accurate bookkeeping
2. VAT return deadlines
3. Digital records
4. Input and output VAT checks
5. HMRC submissions
6. Cash flow planning

Regular bookkeeping, accurate VAT returns and better visibility over the numbers matter well before deadlines arrive. ✅

FHP Accounting supports clients with bookkeeping, VAT return services, Xero bookkeeping and wider finance support, helping businesses keep their reporting more organised. 📈

🌐 https://fhpaccounting.co.uk/vat-return-services/

25/05/2026

VAT is one of those areas where a small misunderstanding can create a surprisingly large problem. 🧾⚠️

Many business owners only think about VAT when they reach the registration threshold, but there is much more to consider than that.

Here is what UK business owners should keep in mind:

• You must register for VAT once your taxable turnover exceeds £90,000 in any 12-month rolling period 📊
• You can register voluntarily before reaching the threshold if it benefits your business 💷
• Different VAT schemes may suit different business models, including flat rate, cash accounting and annual accounting 📋
• VAT returns must be filed digitally through compatible software under Making Tax Digital 💻
• Incorrect VAT calculations can lead to penalties, interest and HMRC enquiries ⚠️

VAT does not have to be stressful. With clear records, regular reviews and the right support, it can become a more predictable part of running your business. ✅

For guidance on VAT registration and VAT returns, speak to FHP Accounting today. 📩

🌐 https://fhpaccounting.co.uk/vat-return-services/
📧 [email protected]

20/05/2026

Payroll is one of those tasks that feels routine — until something goes wrong. 👥⚠️

When it does, the impact is immediate.

Staff notice when pay is wrong before almost anything else, and correcting mistakes afterwards takes far longer than getting it right the first time. ✅

A properly managed payroll process can cover:

• Calculating gross and net pay accurately each period 💷
• Processing the correct tax and National Insurance deductions 🧾
• Enrolling eligible employees into a workplace pension scheme 🏦
• Submitting Real Time Information to HMRC on time, every time 📅
• Managing statutory payments, such as sick pay and maternity pay 📄
• Producing clear, accurate payslips for every member of staff 📑

As a team grows, payroll becomes more complex. 📈

New starters, leavers, pay rises, bonuses and changing pension contributions all need to be handled correctly, recorded properly and reported on time.

Having a reliable process in place means one less thing to worry about each month — and a team that has confidence their pay is always right. 💡

If you would like support understanding payroll responsibilities, speak to FHP Accounting. 📩

📧 [email protected]
🌐 https://fhpaccounting.co.uk/payroll-services/

18/05/2026

Starting a business is one of the most exciting things you can do — and one of the most overwhelming. 🚀

The early financial decisions you make can follow you for years, so it is worth getting them right from the start. ✅

3 things worth doing properly from day 1:

1. Choose your business structure carefully 🏢
Sole trader, limited company and partnership structures each come with different tax implications, levels of liability and administrative responsibilities. The right choice depends on your circumstances.

2. Open a separate business bank account immediately 💳
Mixing personal and business finances creates confusion, makes bookkeeping harder and can cause real problems if HMRC ever asks questions.

3. Learn your tax deadlines before they arrive 📅
Corporation Tax, Self Assessment, VAT registration thresholds and PAYE all have specific timelines. Missing them can lead to penalties that are entirely avoidable.

The earlier you build good financial habits, the easier everything becomes as your business grows and the pressure increases. 📈

For start-up accounting guidance and early-stage business support, contact FHP Accounting. 📩

📧 [email protected]
🌐 https://fhpaccounting.co.uk/accountants-for-start-ups/

15/05/2026

A lot of landlords do not realise how many legitimate expenses they can offset against their rental income, which means they may end up overpaying tax as a result. 🏠💷

Getting your records right throughout the year is not just about staying compliant.

It is also about making sure you are not paying more than you actually owe. ✅

Here are 5 things every landlord should understand about their accounts:

1. Allowable expenses such as letting agent fees, maintenance costs and insurance can reduce your taxable income. 🧾
2. Mortgage interest relief rules changed a few years ago and now work differently for individual landlords compared with limited companies. 📘
3. If you own multiple properties, keeping separate records for each one can make your tax return much easier and more accurate. 📂
4. Rental income must be reported to HMRC, even if it does not exceed your personal allowance. 📑
5. Capital gains tax planning matters when selling, and the timing of a sale can have a real impact on what you owe. 📈

Knowing these 5 things puts you in a much stronger position when it comes to managing your portfolio and your tax bill. 💡

For guidance on landlord accounting and property tax matters, get in touch with FHP Accounting. 📩
📧 [email protected]
🌐 https://fhpaccounting.co.uk/landlord-accountant/

13/05/2026

MTD for Income Tax is changing how you report to HMRC — and getting ready early can save a lot of stress later. 😌

A simple breakdown:
1️⃣ You’ll move from annual reporting to quarterly updates 📆
2️⃣ You’ll need digital record keeping (spreadsheets alone won’t be enough) 💻
3️⃣ You’ll make a final declaration at year-end to confirm your full tax position 🧾
4️⃣ The benefit: better tracking, fewer surprises, more predictable tax planning 📊✅

If you’re unsure where to start, speak to FHP Accounting and we’ll talk you through what’s needed. 🙂

📞 0115 648 8686
🌐 fhpaccounting.co.uk

11/05/2026

Most business owners only look at their bookkeeping when something goes wrong — and by then, it is usually too late to catch the issue cleanly. 📚⚠️

Keeping your books updated regularly gives you something far more valuable than just tidy records.

It gives you visibility. 👀

When you can see your income, outgoings, and bank reconciliations clearly at any point in the month, you are in a much stronger position to make decisions, whether that is:

• Taking on a new contract 🤝
• Managing a cash flow gap 💷
• Knowing where your business actually stands financially 📊

Here are a few things that regular bookkeeping helps you stay on top of:

• Outstanding invoices before they become overdue 🧾
• Supplier payments and whether they are being processed correctly ✅
• Monthly bank reconciliations to catch errors early 🏦
• A real-time view of your cash position 📈
• VAT records that are accurate and ready when needed 📁

The businesses that tend to struggle most at year-end are often the ones who left their records until the last minute. 📅

Building a consistent bookkeeping routine, even a simple one, changes how in control you feel throughout the year. 💡

If you would like to understand how Xero bookkeeping can work for your business, speak to the team at FHP Accounting. 📩

📧 [email protected]
🌐 https://fhpaccounting.co.uk/xero-bookkeeping/

08/05/2026

Attract and retain the best talent with Workplace Nurseries. 🧸💼✨

Did you know that employers can provide workplace nursery places for their staff with significant tax benefits? 📊✅

Unlike standard tax-free childcare schemes, a properly structured workplace nursery scheme can be exempt from tax and National Insurance for the employee — with no upper limit on the value. 💷🛡️

It’s a powerful way to support working parents while staying tax-efficient as a business. 👨‍👩‍👧‍👦🤝📈

We can help you understand the eligibility criteria and how to implement it correctly. 🧾⚙️✅

Contact us:
🌐 https://fhpaccounting.co.uk/workplace-nurseries/
📧 [email protected]

Address

10 Oxford Street
Nottingham
NG15BG

Opening Hours

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

Website

http://www.fhpaccounting.co.uk/

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