Fairbook Accounting Solutions Limited

Fairbook Accounting Solutions Limited "Allowing you more time to build your business"

At Fairbook Accounting Solutions we can take care of all your accountancy needs.

Based in sunny Hastings we have a dedicated friendly team to help. Hello there... At Fairbook Business Services we can take care of all your accountancy needs, professional, personable and trustworthy. Licenced and regulated by AAT. We offer a bespoke package to suit your business requirements at an affordable price. Let us take the burden away from you freeing you up to do what you do best and we

do what we do best

- Accountancy
- Bookkeeping
- Payroll

Give us a call or email for a no obligation chat.

- 01424 216817
- [email protected]

Here is something that catches a lot of limited company directors out: your corporation tax is due before your tax retur...
20/07/2026

Here is something that catches a lot of limited company directors out: your corporation tax is due before your tax return is.

For most small companies, corporation tax has to be paid 9 months and one day after your company's year-end. But the company tax return that works out exactly what you owe is not due until 12 months after your year end. So the payment deadline lands first, around three months ahead of the filing deadline. Plenty of directors assume they can deal with the whole lot at the same time, then get caught short.

And that is just one date to keep track of. There are also statutory accounts to file with Companies House, the corporation tax return to HMRC, your annual confirmation statement, and your own Self Assessment as a director on top of everything else. Miss any of them and the penalties start stacking up.

We look after limited companies across Hastings, Bexhill and the rest of East Sussex. We keep your bookkeeping clean through the year, calculate and file your corporation tax, deal with Companies House, and make sure you see your bill months in advance, not days, so you have time to plan for it.

If you run a limited company and your year end is coming up, send us a message or call 01424 216817. Far better to get ahead of it now.

17/07/2026

“I didn’t realise accountants did all of this.”

That was my 15 year old nephew, one day into his week with us. This is the first time Fairbook has ever taken work experience students. A 17 year old was with us a few weeks ago, and last week my nephew joined the team.

I didn’t want work experience here to mean sitting in the corner watching everyone else work, so I set up the Fairbook Junior Accountant Academy.

Over the week, he learnt about bookkeeping, payroll, VAT, AI, cyber security and Excel. Towards the end, he became a business owner for the day, put a simple marketing plan together and presented it back to the team. He graduated with his own Fairbook Junior Accountant Academy certificate of achievement.

My nephew has APD, so new things can take him a bit longer to pick up. It means every one of those achievements counts for more.

There’s far more to accountancy than numbers. It’s problem-solving, helping people make confident decisions and sticking with a business as it grows. Most teenagers have no idea that’s what the job is, because nobody has ever shown them.

Maybe one day there’s another accountant out there because of one week of work experience. I think that would be a really special thing.

If you run a business in Hastings or across East Sussex and you’ve been putting off taking a work experience student, take one. And tell me in the comments what you learnt on yours.

Are you a company director? Companies House now needs you to prove who you are, and there is a deadline attached.Under n...
14/07/2026

Are you a company director? Companies House now needs you to prove who you are, and there is a deadline attached.

Under new rules brought in to tackle fraud, every UK company director and anyone with significant control of a company has to verify their identity with Companies House. For brand new companies and newly appointed directors, this has been mandatory since November 2025. If your company was already up and running before then, you are in a transition period that ends on 18 November 2026.

Here is the part that catches people out: for most existing companies, your directors actually need to be verified by the date your next confirmation statement is due, which for a lot of businesses is well before that November deadline. You cannot file your confirmation statement, or appoint a new director, until the people involved have verified and received their personal code.

You can do it yourself through GOV.UK One Login, and it only needs doing once, however many companies you are involved with.

We deal with Companies House for our limited company clients, so we can tell you exactly when your deadline falls and make sure your filings do not get held up. If you are not sure whether you have verified yet, send us a message and we will check where you stand.

One annual tax return is turning into five for a lot of self-employed people, and it has already started.Making Tax Digi...
09/07/2026

One annual tax return is turning into five for a lot of self-employed people, and it has already started.

Making Tax Digital for Income Tax went live in April 2026. If you are a sole trader or landlord with qualifying income over £50,000 (based on your 2024/25 tax return), you now have to keep digital records and send HMRC an update every three months using compatible software, plus a final declaration after your year-end. That is five submissions a year instead of one.

Qualifying income means your gross income from self-employment and property added together, before any expenses. The threshold drops to £30,000 in April 2027 and £20,000 in April 2028, so even if it does not affect you yet, it likely will. Late submissions now carry points-based penalties.

We can take the whole thing off your hands: get you onto the right software, keep your records straight through the year, and file every quarterly update on time. If you are self-employed or a landlord and you are not sure how this affects you, send us a message or call 01424 216817 and we will talk you through it.

Are you a landlord who has been doing your own tax return? The single biggest reason landlords end up paying more tax th...
06/07/2026

Are you a landlord who has been doing your own tax return?

The single biggest reason landlords end up paying more tax than they should is missed expenses. Not deliberate, just things people did not realise they were allowed to claim.

Agent fees, repairs, ground rent and insurance are the obvious ones, and most landlords get those onto the return. It is the less obvious ones that may cost people money year after year.

Think about the mileage when you drive over to deal with a problem at the property. The cost of phone calls to your letting agent or tenant. Accountancy fees and any professional advice you took on the property. A fair share of your home office costs where you use it to manage the rental. Subscriptions to landlord bodies or property management software. Even bank charges on a dedicated rental account.

On top of that, the mortgage interest rules have changed more than once in recent years, and there is still a fair amount of confusion about what relief actually looks like now. Getting that right matters, especially if you own more than one property or have any plans to refinance.

And if you are thinking about selling a rental, please do not leave that until tax return time. Capital gains on UK residential property has to be reported to HMRC within 60 days of completion. Miss that window and the penalties start straight away.

At Fairbook Accounting Solutions, we work as landlord and property accountants for clients right across East Sussex and the rest of the UK.

Accidental landlords, buy to let owners, holiday let owners on the South Coast, portfolio landlords, the lot. We make sure every legitimate expense is claimed, the figures are right, and your return goes off cleanly with no nasty knocks at the door from HMRC.

Your first consultation is free. Call us on 01424 216817, email [email protected] or visit www.fairbook.co.uk/landlord-and-property-accountants to find out exactly how we can help you!

Are you drowning in receipts and shoeboxes full of paperwork? You are definitely not the first person to walk into our o...
03/07/2026

Are you drowning in receipts and shoeboxes full of paperwork?

You are definitely not the first person to walk into our office with a carrier bag of crumpled bits of paper, and you will not be the last!

However, with everything moving digital, keeping paper records is becoming more of a headache than a help.

A simple bookkeeping app on your phone lets you snap receipts as you go, categorise them in seconds, and have everything ready when your accountant asks for it. It saves hours at year-end and means you never lose that one receipt for the laptop you bought eighteen months ago.

We can recommend the right software for your business, set it up with you, and show you exactly how to use it.

29/06/2026

Good news for families this summer.

If you're planning days out with the children during the school holidays, you may find some attractions and activities a little more affordable this year.

Hi, I'm Heather from Fairbook Accounting Solutions.

The Government has introduced a temporary VAT reduction between 25th June and 1st September 2026, reducing VAT from 20% to 5% on certain family-focused goods and services.

This includes things like:
• Children's meals
• Children's cinema, theatre and concert tickets
• Admission to some family attractions

I'm at Knockhatch Adventure Park today, and they're one of the businesses choosing to pass that saving on to their customers.

With the cost of keeping the children entertained during the summer holidays soon adding up, every little helps.

For businesses, there are some important rules around what qualifies for the reduced rate. For example, children's meals generally need to be listed on a children's menu to qualify.

Businesses can choose whether to pass the saving on to customers or retain it within their existing pricing, but it's important to make sure pricing, till systems and VAT records are updated correctly.

If you're a business owner in hospitality, leisure or entertainment and you're unsure how these changes affect you, get in touch for a no-obligation chat.

And if you're looking for a family day out this summer, it's great to see local businesses like Knockhatch helping families make their money go a little further.

Call us on 01424 216817

Most limited company directors do not go looking for a new accountant until something starts to go wrong or change.Perha...
29/06/2026

Most limited company directors do not go looking for a new accountant until something starts to go wrong or change.

Perhaps you panic about a penalty letter from HMRC. Or you have had a corporation tax bill that turned out to be far bigger than expected. Or maybe a confirmation statement that missed its deadline.

Running a limited company comes with proper responsibility. There are statutory accounts to prepare, corporation tax to calculate and file, Companies House to keep happy, and your own director's self assessment to think about on top of everything else.

At Fairbook Accounting Solutions we look after limited companies of all shapes and sizes, from brand new start ups to established businesses with a team behind them. Our AAT qualified team is based here in East Sussex and we work with clients right across the county as well as the rest of the UK.

You get a dedicated account manager who actually knows your business, clean bookkeeping through the year so there are no nasty surprises at year end, and honest advice on how to pay yourself in the most tax efficient way.

If your current accountant only seems to remember you exist in January, it might be time for a chat.

Call us on 01424 216817 or visit https://www.fairbook.co.uk/limited-company-accounts/

Thinking about investing in new equipment for your business? There is a tax break that often gets overlooked.The Annual ...
23/06/2026

Thinking about investing in new equipment for your business? There is a tax break that often gets overlooked.

The Annual Investment Allowance allows most businesses to claim 100% tax relief on qualifying equipment in the year you buy it, up to a generous limit of £1 million per accounting period.

That includes things like vans for your trade, tools, computers, machinery, office equipment, even some integral features within a commercial premises. So if you spend £8,000 on a new van, you may be able to deduct the full £8,000 from your taxable profits straight away, rather than spreading the relief over several years.

For a limited company paying the main 25% rate of corporation tax, that £8,000 purchase could cut your tax bill by up to £2,000. Smaller companies pay a lower rate so the saving will be slightly different, but the principle still works. Sole traders and partnerships can also benefit through reduced taxable profits.

There are a few things you need to know:
- The equipment must be used for business purposes. Timing can be important, as relief is generally available in the accounting period in which the expenditure is incurred. If you were already planning a purchase, buying before your year end could help reduce your tax bill sooner.

- Cars are treated differently. Most vans qualify for AIA, but most cars do not.

- Used equipment will usually qualify for AIA, unlike some other capital allowances which require the asset to be brand new.

If you have got a big purchase on the horizon, it is well worth a quick chat before you sign anything.

Call us on 01424 216817 or visit www.fairbook.co.uk

Did you know your pension is one of the most underused tax planning tools out there?Pensions are not just something for ...
17/06/2026

Did you know your pension is one of the most underused tax planning tools out there?

Pensions are not just something for later life. They are one of the most tax efficient ways to take money out of your business or reduce your personal tax bill today.

If you are a limited company director, your company can make pension contributions on your behalf as an employer contribution. In many cases, these contributions qualify as a tax deductible business expense, helping to reduce your corporation tax bill. Because the payment is made directly by the company, it is not subject to Income Tax or National Insurance in the same way as salary.

If you are a sole trader, personal pension contributions get tax relief at your marginal rate. So a higher rate taxpayer paying in £8,000 effectively gets the government topping it up to £10,000, then claims another 20% back through self assessment.

For most people, the annual pension allowance is £60,000, and you can sometimes carry forward unused allowance from the previous three tax years. So if you have had a particularly good year, there are real planning opportunities worth looking at.

This is one of those areas where a quick conversation can save a lot of money over time.

Call us on 01424 216817 or email [email protected]. We will take a good look at what is possible from a tax perspective and point you towards a regulated financial adviser for the investment side if you need one.

Address

St. Leonards

Opening Hours

Monday 8am - 5pm
Tuesday 8am - 5pm
Wednesday 8am - 5pm
Thursday 8am - 5pm
Friday 8am - 2pm

Telephone

01424216817

Website

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