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Chapmans Business Solutions Limited

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Chapmans Business Solutions Limited

We specialise in offering Accountancy Services, Taxation and business advice to a range of Limited C We offer a comprehensive range of services.

If you’re looking for a professional and approachable Accountant that will help you remain compliant, whilst offering relevant advice to help you flourish you’ve come to the right place. Whether you’re thinking of starting a new business or are already established, we can help you to tackle the challenges you may face whilst remaining efficient and set you on the road to success. Whether you’re an individual looking for assistance with your tax return, a small to medium sized business looking for year-end compliance assistance, or a larger enterprise looking for business management and consultancy then Chapmans Business Solutions can support you. As no two businesses are the same, we offer a free no-obligation consultation to get to know each of our clients. This provides us with an opportunity to understand the business and offer a tailored service for your specific needs.

15/10/2026

Don't Just Take Our Word For It!
At Chapmans Business Solutions, we believe great service is about more than just the number. It’s about building trusted relationships, offering support when it matters most and helping businesses succeed.

We’re proud to support our clients at every stage of their journey, from starting a new business to navigating the challenges of running and growing one.

It’s always fantastic to hear feedback like this from our clients, and we’d like to say a big thank you to Sam Danyluk, Director of Bobbin About Ltd, for sharing his experience with us.

Looking for an accountant who’s approachable, professional and always there when you need them?

Get in touch with our team today at [email protected] to find out how we can support your business.

'Chapmans Business Solutions - Not Just the Accountants'

13/10/2026

We're Up for the Challenge!

Running a business comes with challenges and as your business grows so do the demands on your time, finances and decision-making.

From managing cash flow and navigating compliance to improving efficiency and planning for the future, having the right support can make all the difference.

That’s where Chapmans Business Solutions comes in...

With years of combined experience in accounting practice and industry, we understand more than just the numbers. We understand the realities of running a business and the challenges that come with taking it to the next level.

Our tailored Business Consultancy Services are designed around you and your business, offering:

- Flexible support from as little as one day per month
- Ongoing strategic advice and guidance
- Practical financial and operational support
- A fully embedded virtual business management consultant when you need it.

Whether you're looking for a fresh perspective, help improving performance or a trusted partner to support your next stage of growth, we’ll work with you to find the right solution.

Growing a business isn’t just about working harder, it’s about having the right expertise, advice and support at the right time.

Based in Lincolnshire, we’re ready to help your business move forward.

Let’s talk about your business goals. Get in touch today at [email protected] to find out how Chapmans Business Solutions can support your growth.

08/10/2026

Is your Bookkeeping Actually up to date?

If your bookkeeping consists of a carrier bag full of receipts and a spreadsheet you haven't opened since April… we need to talk.

We get it. When you're busy running a business, keeping the books up to date can easily slip down the priority list, however, leaving your bookkeeping until the end of the year can make life much harder than it needs to be.

Keeping your records up to date means you can:
- See how your business is really performing
- Know your actual income, expenses and profit rather than guessing from your bank balance.
- Manage your cash flow
- You'll have a much clearer idea of what's coming in, what's going out and what you can realistically afford.
- Plan for your tax bill - Nobody likes an unexpected tax bill. Up-to-date figures mean you can plan ahead and put money aside.
- Spot problems early
- Falling sales, rising costs or unpaid invoices are much easier to deal with when you know what's happening in your business.
- Prepare for Making Tax Digital - With MTD for Income Tax coming into effect for more sole traders and landlords, keeping accurate digital records is becoming increasingly important.

And perhaps most importantly…
You don't have to do it all yourself.

If bookkeeping is one of those jobs that keeps getting pushed to the bottom of your to-do list, getting professional support could give you back valuable time and give you a much clearer picture of your business.

So, be honest…When did you last update your books?
If the answer makes you wince, perhaps it's time to give us a call on
01775 529345 or drop us an email at [email protected].

06/10/2026

Are you claiming all the business expenses you're entitled to?
It's easy to focus on making sales and bringing money into your business, however, are you making sure you're also claiming the legitimate business expenses that could reduce your taxable profit?

There are some expenses that business owners often overlook, including:
- Business mileage
If you use your own vehicle for business journeys, you may be able to claim allowable mileage expenses.

- Software and subscriptions
Accounting software; design tools, project management systems and other software you use for your business can often be allowable expenses.

- Professional subscriptions
Memberships and subscriptions that are relevant to your business or profession may be claimable.

- Business insurance
The cost of appropriate business insurance can be an allowable business expense.

- Professional fees
Accountancy, legal and other professional fees incurred for your business may also be deductible.

These are just a few examples:
-The important thing is not to assume that something is allowable simply because another business owner claims it.

-There are specific rules around what you can and can't claim, and keeping the right records is just as important as making the claim itself.

If you're not sure whether an expense is allowable, ask your accountant before you claim it.

You could be missing legitimate expenses or you could be claiming something that isn't actually allowable.

Either way, getting the right advice can save you money, prevent problems and give you greater confidence in your business finances.

Are you confident you're claiming everything you should be?

If you're looking for advice about what you can be claiming for, feel free to call us on 01775 529345 or drop us an email at [email protected].

01/10/2026

Important Accounting Dates for October

October is another busy month for business owners, so here are some key dates to have on your radar.

5th October - Self Assessment registration
If you're newly self-employed or have become liable to submit a Self Assessment tax return for the first time, you generally need to register with HMRC by 5th October 2026 for the 2025/26 tax year.

19th October - PAYE deadline for cheque payments
If you pay PAYE by cheque, HMRC needs to receive your payment by 19th October.

For electronic payments, the deadline is generally 22nd October.

22nd October - PAYE deadline for electronic payments
If you're an employer paying PAYE monthly or quarterly, make sure your payment reaches HMRC by 22nd October.

31st October - Paper Self Assessment tax return deadline
If you need to submit a paper Self Assessment tax return for the 2025/26 tax year, HMRC must receive it by 31st October 2026.

Don't forget your VAT!
VAT deadlines vary depending on your accounting period, so there isn't one single October VAT deadline for everyone. Your VAT return and payment are usually due one calendar month and seven days after the end of your VAT accounting period.

A date in your diary can save you money!
Missing a tax or filing deadline can result in penalties and interest, so it's worth checking your upcoming deadlines now rather than leaving them until the last minute.

If you're not sure what you need to pay, when it's due or whether you've missed something, we're here to help. Feel free to call us on 01775 529345
or send an email to [email protected]

Chapman's Business Solutions - helping you stay on top of your numbers, so you can concentrate on running your business.

29/09/2026

Taking on your first employee can be a really exciting step for your business.

But before you advertise that position, it's important to understand what that employee will actually cost your business.

If you're budgeting for someone on a £30,000 salary, for example, your costs don't simply stop at £30,000.

Grab a cuppa and read this month's Blog all about what you need to consider when taking on your first employee.

https://cbsaccountants.org/thinking-about-hiring-your-first-employee-understand-the-true-cost-first/

24/09/2026

Your bank account says you've got £20,000.
Your accountant says you haven't.
Sound familiar?

One of the biggest mistakes business owners can make is looking at their bank balance and assuming that’s how much money they have available to spend.

But your bank balance doesn't tell the whole story.

That £20,000 could include money that already belongs to HMRC, whether that's VAT, Corporation Tax or Income Tax and if you're not putting money aside throughout the year, that healthy-looking bank balance can quickly turn into a very uncomfortable tax bill.

The last thing you want is to get to January and suddenly realise that a large chunk of the money you've been treating as available isn't actually yours to spend.

Here's a few simple habits can make a huge difference:
- Keep your bookkeeping up to date
- Know your actual profit, not just your bank balance
- Put money aside regularly for your tax liabilities
- Keep VAT money separate where possible
- Plan ahead for your next tax bill rather than waiting for the deadline.

Good financial planning isn't about how much money is in your bank account today. It's about knowing how much of it you can actually afford to spend.
If you're not sure how much you should be putting aside for your next tax bill, speak to your accountant before the bill arrives.

A little planning now could save you a lot of stress later.

If you're looking for support managing your cashflow, we'd love to hear from you. Feel free to call us on 01775 529345 or drop us an email at [email protected].

22/09/2026

Sole Trader or Limited Company - Which is Right for You?

One of the most common questions we get asked by business owners is:
"Should I stay as a sole trader or become a limited company?"

The answer isn't always straightforward, but here are a few things to consider:
Sole Trader
-Simple and inexpensive to set up
-Less administration and paperwork
-You keep complete control of your business
-Profits are taxed through your personal tax return.

Limited Company
-Can be more tax-efficient as profits increase
-Offers limited liability protection
-Often appears more established to customers and suppliers
-Can provide greater flexibility when extracting profits.

However, becoming a limited company isn't automatically the best option for every business. The right choice depends on factors such as your income, future plans, level of risk and how much administration you're comfortable with.

If you're wondering whether now is the right time to incorporate, we'd be happy to discuss your circumstances and help you make an informed decision.

Get in touch with Chapman Business Solutions for friendly, practical advice tailored to your business on 01775 529345 or drop us an email at [email protected]

17/09/2026

Making a BIG Difference

We’re proud to be more than just the accountants behind the numbers...
Our clients know they can turn to us for reliable support, straightforward advice and a helping hand whenever they need it.

Building trusted, long-term relationships like this is exactly why we do what we do and we’re delighted to have been part of Johanna and her team’s journey for so many years.

15/09/2026

Don’t overlook the National Minimum Wage...

Taking on your first employee is a huge milestone for any small business.

It’s exciting to start building a team, but becoming an employer also brings a whole new set of responsibilities and getting payroll right is one of them.

One area that can catch new employers out is the National Minimum Wage.

It might sound straightforward; simply make sure you pay your employees at least the minimum hourly rate, however, in reality, calculating whether someone has been paid correctly can be more complicated than you might think.

What are the current minimum wage rates?

Since 1 April 2026, the National Minimum Wage rates are:

21 and over: £12.71 per hour

18-20: £10.85 per hour

Under 18: £8.00 per hour

Apprentices: £8.00 per hour, where the apprentice rate applies.

The rates are reviewed and updated every April, so it’s important that employers keep up to date with any changes.

But knowing the hourly rates is only part of the story. It isn't always as simple as looking at someone's hourly rate. There are a number of things that can affect whether a worker has actually received the correct minimum wage.

For example, certain deductions from pay can reduce the amount that counts towards National Minimum Wage. Similarly, not all payments made to an employee count towards the minimum wage calculation.

Working time can also be important. Depending on the circumstances, activities such as training, opening or closing the workplace or other time connected with the job may need to be taken into account. That means someone who appears to be earning more than the minimum wage on paper could potentially still be underpaid once the full calculation is carried out.

Don't forget apprentices. Apprentices can be another area of confusion for new employers.

An apprentice is generally entitled to the apprentice rate if they are under 19, or 19 or over and in the first year of their apprenticeship. Once an apprentice aged 19 or over has completed their first year, they become entitled to the minimum wage rate for their age.

So it’s important not to simply assume that every apprentice can be paid the apprentice rate throughout their apprenticeship.

Why getting it wrong matters.

National Minimum Wage isn't simply a recommendation. Employers are legally responsible for making sure their workers receive the correct minimum wage and for keeping records to demonstrate that they have done so. If an employer is found to have underpaid workers, they can be required to pay the arrears and may also face penalties and public naming.For a small business, that's a risk that simply isn't worth taking.

If you're employing someone for the first time...

There can be a lot to think about:

✔️ National Minimum Wage

✔️ PAYE and payroll

✔️ National Insurance

✔️ Employment contracts

✔️ Holiday entitlement

✔️ Pension auto-enrolment

✔️ Keeping the right records

✔️ Understanding your responsibilities as an employer

And that's before you've even got your new employee settled into the business!

The good news is that you don't have to work it all out alone.

At Chapmans Business Solutions, we help small businesses navigate the practical side of running a business so you can concentrate on growing it rather than getting buried in administration.

If you're taking on your first employee, or you're not completely confident that your current payroll processes are doing everything they should, it's worth getting the right advice before a small mistake becomes a much bigger problem.

Taking on your first employee? Don't just think about the salary you're going to pay. Think about everything that comes with becoming an employer.

Get it right from day one. Contact us on 01775 529345 or drop us a line at [email protected] so we can ensure you get it right from the offset.

Address

Office 1, Henrith Business Centre
Spalding
PE111QD

Opening Hours

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

Website

http://www.cbsaccountants.org/

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