The Accountant Lady

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The Accountant Lady

A friendly accountant supporting small businesses and individuals with all their accounting needs!
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05/10/2026

It’s been 2 years since I last posted..woopsie! But this one’s an important one!

I am looking for a Bookkeeping and Admin Assistant to join our team!
16-20 hours a week to cover maternity leave. Hours are flexible. The role will initially be office based.

It’s been posted on LinkedIn but the majority of applicants are not even in the UK 🤦‍♀️ so any shares much appreciated!

Please drop me a message or email and I can send over some more details!
🤍🤍

16/11/2023

When you are self employed you pay your National Insurance through your Self Assessment tax return.

You start paying National Insurance when your profits are above £12,570.

You will pay Class 2 NIC at £3.45 per week, £179.40 a year.

You pay Class 4 NIC of 9% for profits between £12,570 and £50,270. And 2% on profits over £50,270.

If your profits are below £12,570 you may wish to pay voluntary National Insurance to avoid any gaps in your history, as any gaps may mean you won’t have enough years of contributions to get the full State Pension.

08/11/2023

Here are 5 tax allowances you need to know about ✨

If you have any questions on any of these just drop me a message!

31/10/2023

Happy Halloween! 🎃👻💀

20/10/2023

Yes! Student loan repayments are not automatically included on your Self Assessment.

If you use an accountant then remember to let them know what student loan plan you are on.

If you complete your self assessment yourself you will need to ensure you check the box to include them.

Income thresholds for Student Loan repayments for 2022/23:
Plan 1 - £20,195
Plan 2 - £27,295
Plan 4 - £25,375

Income thresholds for Student Loan repayments for 2023/24:
Plan 1 - £22,015
Plan 2 - £27,295
Plan 4 - £27,660

10/08/2023

Doesn’t the sun just make everything better? I’m not sure it would make your accounts better so leave those to me and enjoy this much needed sunshine! 🌞

02/08/2023

Self employed people need to keep records of:
• All sales and income
• All business expenses
• VAT records if VAT registered
• PAYE records if you employ people
• Information about personal income
• Any grants you have claimed

31/07/2023

As a self employed person, you must keep records to calculate your profit or loss to file your Self Assessment Tax Return correctly.

But that’s not the only reason! 🤔Keeping up to date financial records helps you to track your financial position and improve your decision making. It can help you budget, price your goods or services and assist with investing in assets.

If you wanted to gain funding from banks or lenders, you would need up to date records of income, cash flow, costs and assets in order to gain that funding.

Ultimately it will help you manage and grow your business 🚀

26/07/2023

Business Mileage all adds up! 🚗🏍️🚲

14/07/2023

Turnover is the total sales in a period. Also referred to as income or revenue.

Why is it important to know?

Not only is it an indicator of business performance but by knowing your monthly turnover, you’ll know if you need to register for VAT. See my previous post about when to register for VAT!

Address

Telford

Website

http://www.theaccountantlady.co.uk/

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