PBATS, Practical Bookkeeping, Accounting and Taxation Services

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PBATS, Practical Bookkeeping, Accounting and Taxation Services

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31/12/2025

Happy New Year from all of us at PBATS

30/09/2025

We are really pleased to have Oscar join the firm as an Apprentice Accountant whilst studying for his AAT qualification.

Oscar will be supporting Kristen with Bookkeeping and VAT tasks, as well as assisting Chloe, Cydney and Martin in the Accounts and Tax function.

Oscar has already enjoyed attending networking events alongside Kerry, gaining valuable insight into how the firm attracts new clients and opportunities.

Outside of work, Oscar is passionate about football and running- and is now the fourth member of the PBATS team to run with Leigh Striders!

08/09/2025

Chloe Pirch - Semi-Senior Accounts and Tax

Chloe is celebrating 4 years with PBATS this week.

Chloe joined as an Accounts and Tax Junior in 2021, and has progressed through to her current role as Semi-Senior, supporting Cydney, Martin and Kristen and managing her own bookkeeping clients.

Chloe has also been integral in assisting kerry in implementing new processes and procedures and bolstering the compliance function at the firm.

Next week we have a new starter, who will be joining PBATS as an Apprentice Accountant supporting the team. Chloe will be using her experience as a trainee to manage and develop the new apprentice.

05/09/2025

CAPITAL GAINS TAX ON BUY-TO-LET PROPERTY

We often act for clients who are thinking of selling their second residential property (often buy-to-let) and are concerned by the Capital Gains Tax (CGT) impact of the sale.

We also on occasion act for clients who have already sold their second residential property without discussing this with us first.

We always recommend that our clients discuss the tax aspect of any significant financial decision with us before they act and selling a second residential property is just that, both in terms of cash flows and CGT liabilities.

For the clients who do not plan the tax aspects of the sale, the CGT liability can be an unwelcome surprise.

When calculating the CGT liability, the simple approach is to take the sales price and deduct the cost then multiply by the current rate of CGT, but it doesn’t stop there.

There are other areas that are often overlooked / misunderstood when clients try to calculate the CGT liability themselves, such as but not limited to:

1. Understanding the cost price if the property was inherited
2. The percentage of ownership if jointly owned
3. The deduction of legal fees
4. The deduction of major work cost on the property
5. The deduction of Private Residence Relief (PRR)
6. The deduction of Lettings Relief
7. The deduction of the Capital Gains Tax annual exempt amount
8. Understanding whether they are a basic rate or higher rate taxpayer
9. Understanding the rate of capital gain tax to apply to the sale
10. Understanding if they have capital losses brought forward from previous years to offset against the capital gain
11. Understanding their tax residency
12. Understanding the 60-day rule for reporting the Capital Gains Tax and paying it to HMRC.

The consideration of all of these factors to arrive at the correct and most tax efficient outcome can be complex for those who are inexperienced.

With our experience in CGT, we are happy to assist to give you the understanding and peace of mind you require before making the decision to sell your second residential property.

02/09/2025

At PBATS we offer a range of bookkeeping, accounting and advisory services, and our clients range from sole trader businesses through to multi-million pound trading Companies.

We like to think outside the box, and find practical and commercial solutions to our client’s problems, whilst delivering the highest quality work product every time.

To find out more about our services and how we can help you with the growth and success of your business, call Martin or Kerry on 01702- 567836.

Learn more about our advisory services here:

https://pbats.co.uk/advisory-services/

28/08/2025

MANAGEMENT ACCOUNTS WITH PBATS

At PBATS we have many clients who use this service.

In most cases we prepare the profit and loss, balance sheet and cash flow reports, along with analysis of key financial aspects of a business, depending on what industry they operate in.

This information is a tool to identify financial strengths, weaknesses, opportunities and threats and we have regular in person and / or video calls to discuss these in detail to ensure the business is operating at it’s very best financially.

We also take the time to understand the personal and business ambitions of directors / shareholders to add true value as a business confidant and tax advisor. This understanding is not cultivated by providing lists of numbers each month alone, it is the regular clear communication around these numbers that is key to us providing a superior value added service.

For more information on the benefits of management accounts please see our website or call Martin or Kerry on 01702 567836.

https://pbats.co.uk/management-accounts/

19/08/2025

For full details https://www.tate.co.uk/jobs/84287-Apprentice-Accountant-AAT-Level-2/

18/08/2025

Great client feedback.

For assistance with rental property declarations, contact Kerry or Martin on 01702- 567836.

Address

34 Clarence Street
Southend-on-Sea
SS11BD

Website

https://www.pbats.co.uk/

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