Simplex Accounting

Simplex Accounting Simplex Accounting is an award winning Book-keeping & Accountancy service based on the Isle of Wight.

Busy diary but empty bank account? Your pricing might be the problem.If your prices do not cover profit, tax, overheads ...
03/06/2026

Busy diary but empty bank account? Your pricing might be the problem.

If your prices do not cover profit, tax, overheads and your time, being fully booked can still leave you feeling stretched.

Good pricing is not about charging more for the sake of it. It is about building a business that actually works.

Book a call if you want help reviewing your numbers!
https://calendly.com/simplex-accounting/bookcall

02/06/2026

Want to feel more confident with your business finances?

We’re teaming up with the Isle of Wight Chamber of Commerce to deliver Bookkeeping for Business, a one-day course designed for small business owners who want to understand their numbers properly.

Led by award-winning accountant Lucy Johnson, this practical session will cover the bookkeeping basics every business owner should know, including:

✅ Keeping accurate records
✅ Understanding financial statements
✅ Double-entry bookkeeping
✅ Bank reconciliations
✅ VAT, payroll and tax obligations

You’ll leave with the confidence to manage your bookkeeping more effectively, make better financial decisions, and feel less overwhelmed by the numbers.

📍 Goddards Brewery
📅 June 10th

Book your place today: https://www.iwchamber.co.uk/event/bookkeeping-for-business-one-day-course/

01/06/2026

Turnover is not the same as profit.

You might have £50k coming in, but once you take out costs, VAT, tax, materials, software, and subcontractors… what is actually left?

That is the number that matters.

If you are still guessing what you can safely pay yourself or what needs to go into your tax pot, it is time to get clearer on your numbers.

Want help understanding what your business is actually keeping?

Book a call and let’s talk it through ✨

29/05/2026

Expenses confuse a lot of business owners.

Some people claim nothing because they’re worried about getting it wrong, while others claim everything and create problems without realising.

Both usually lead to issues.

If it’s purely for the business, it’s generally fine. If there’s personal use involved, it may need to be split.

Guessing often means either overpaying tax or causing problems later.

Check out the full YouTube video for more
Book a call to get support with your business

Bookkeeping shouldn’t feel scary.But for so many small business owners, it does.You start a business because you’re good...
28/05/2026

Bookkeeping shouldn’t feel scary.
But for so many small business owners, it does.

You start a business because you’re good at what you do, not because you love bank reconciliations, debits, credits, VAT and profit and loss reports.

That’s why I’m running my Bookkeeping for Business One-Day Course on 10th June at Goddards Brewery, with the Isle of Wight Chamber of Commerce.

It’s a practical, no-jargon day for small business owners who manage their own finances, or anyone who wants to build proper bookkeeping confidence.

We’ll cover the basics, including financial statements, double-entry bookkeeping, recording transactions, bank reconciliations, VAT, payroll and business tax.

I’ve seen so many business owners avoid their numbers because they’re worried they “should already know this”... You don’t.

That’s what the course is for.

Want to feel more in control of your bookkeeping?
📅 Book your place today: https://lnkd.in/eeyyn7ZN

Waiting until you hit £90k before registering for VAT is not always the best move.Early VAT registration can help some b...
27/05/2026

Waiting until you hit £90k before registering for VAT is not always the best move.

Early VAT registration can help some businesses reclaim VAT, improve cash flow and look more established.

But it depends on your customers, costs and growth plans.

Book a call if you want help deciding what makes sense for your business
https://calendly.com/simplex-accounting/bookcall

27/05/2026

The worst reason to set up a limited company?

“Because my mate did.”
“I saw it on TikTok.”
“I thought that’s just what you do.”

Going limited is not a trend. It is a strategic decision.

Do it too early, and you could take on extra admin before it makes financial sense.

Leave it too long, and you could miss genuine tax planning opportunities.

There is no magic revenue number.

Your profit, risk, future plans and how you want to pay yourself all matter.

In the grey area?

Book a call and let’s review it properly ✨

For the first time in 15 years, the approved mileage rate for cars and vans is changing 👀From the 2026/27 tax year, the ...
26/05/2026

For the first time in 15 years, the approved mileage rate for cars and vans is changing 👀

From the 2026/27 tax year, the rate for the first 10,000 business miles will increase from 45p to 55p per mile.

The updated rates are:

Cars and vans: 55p per mile for the first 10,000 business miles, then 25p per mile after that
Motorcycles: still 24p per mile
Bicycles: still 20p per mile

It might seem like a small change, but if you use your own car or van for business, it can really add up.

The key thing is making sure you’re tracking your mileage properly, including where you went, why, and how many business miles you did.

And if mileage tracking is one of those things you always forget, MileIQ can help by tracking journeys automatically, syncing with Xero, and making it super easy to separate business and personal trips.

22/05/2026

You submit your first Self Assessment and expect one bill… but HMRC asks for two.

Your tax for the year just gone, plus a payment on account towards the next one.

So a £4,000 bill can quickly become £6,000.

That extra isn’t a penalty, it’s an advance, but it catches people out because the money’s already been spent.

The shift is simple. Not all of what you earn is yours.

Set a percentage aside as you go and don’t touch it.

Check out the full YouTube video for more
Book a call to get support with your business

20/05/2026

The worst time to think about VAT?

When you have already hit the £90,000 threshold.

By then, you are not planning.
You are reacting.

You may need to change your prices quickly, rethink your margins, and deal with cash flow pressure you did not prepare for.

VAT is based on your rolling 12-month turnover, not your financial year, so fast growth can catch you out.

But if you track it early, you have options.

You can review pricing, plan cash flow, and decide whether VAT registration could actually work in your favour.

That is the difference between strategy and stress.

If your turnover is climbing, do not wait for it to become urgent.

Book a call with us ✨

Address

Sandown

Opening Hours

Monday 9am - 7pm
Tuesday 9am - 7pm
Wednesday 9am - 7pm
Thursday 9am - 7pm
Friday 9am - 7pm
Saturday 9am - 12pm

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