Mike Hankey & Co Ltd

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Mike Hankey & Co Ltd Accountants, business and tax consultants based in the North West of England with clients throughout the UK.

Huge congratulations to Heather on passing your AAT accountancy exams. Glad you enjoyed your afternoon tea treat
14/08/2026

Huge congratulations to Heather on passing your AAT accountancy exams. Glad you enjoyed your afternoon tea treat

24/06/2026

The office is shut today (24th) as its our daughters 21st. Emails and voice messages (to mobile) will be picked up a few times during the day and urgent issues dealt with. Ian

21/05/2026

News from HMRC!!

HMRC have today updated the approved mileage rate from 45p fro the first 10,000 miles to 55p - backdated to 6th April 2026. This is the first increase since 2011. The 25p per mile rate remains for any mileage over 10,000 miles per tax year.

23/03/2026

Expense myths
1. “If it’s on my bank statement, that’s enough proof” - No, HMRC wants receipts, invoices or some form of evidence. The bank shows you spent money, not what you spent it on.
2. “I can claim my daily coffee as it keeps me going at work”- Nice try, unless you are a barista testing beans or a coffee blogger, your latte is personal, not business unless you are working away.
3. “If I pay cash, I don’t need to record it “ - Wrong, recording cash transactions is as important as bank or card spending. Without records, your profit is over or understated and you overpay or not pay enough tax.
4. “I can claim a new suit because I wear it to meetings” - HMRC consider that everyday clothing. Only specialist or protective kit (hi-vis, safety boots, branded uniform) is allowable.
5. “If I lose a receipt, I can’t claim the expense” - You can still claim if you’ve got alternative evidence (bank statement, invoice copy or email confirmation). But don’t make a habit of it, snapping receipts in an app keeps things watertight.

General tip - If you’d buy it anyway outside of business, it probably fails the “wholly and exclusively” test.

23/03/2026

With the commencement of Making Tax Digital for Income Tax starting next month and the 2026 Tax Returns becoming available for completion and submission within the coming weeks, we will be sharing a series of professional insights, practical guides and key updates.

Our posts will address frequently asked questions and provide clear, reliable advice to support you in meeting your tax obligations efficiently and with confidence.

30/01/2026

Tax return season is over a day early for us this year. Nearly 600 tax returns completed and submitted to HMRC with over a day to spare!

Thank you so much to Helen and Heather who kept me organised (to a degree) and did more than their fair share of tax returns.

Ian

Address

Unit 6, 143 Station Road, Bamber Bridge
Preston
PR56LA

Opening Hours

Monday 9:15am - 4:45pm
Tuesday 9:15am - 4:45pm
Wednesday 9:15am - 4:45pm
Thursday 9:15am - 4:45pm
Friday 9:15am - 4:45pm

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