Hollingsworth & Co Ltd

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Hollingsworth & Co Ltd Chartered Accountants, Tax Advisors and Business Consultants
Over 30 Years of Service for Telford, Shropshire and the West Midlands Region

This week at Hollingsworth & Co 💡A new electricity-cost relief initiative for small businesses, the British Industrial C...
19/10/2026

This week at Hollingsworth & Co 💡
A new electricity-cost relief initiative for small businesses, the British Industrial Competitiveness Scheme (BICS), began on 1 October and runs until 30 November 2026. Eligible manufacturers can reduce electricity costs by up to 25%, with additional lump-sum payments for those applying this year. BICS supports sectors defined by SIC and HS codes, requiring a minimum annual electricity use of 33 megawatt-hours. For details and applications, visit [gov.uk](https://apply-for-bics.service.gov.uk/). How could this scheme impact your business? Leave a comment below! ⚡
Read the full article here: https://www.hollingsworthandco.co.uk/news/small-manufacturers-can-apply-for-electricity-cost-relief

Do you think cloud accounting is just a fancy trend? Many business owners are hesitant to switch to cloud accounting, be...
14/10/2026

Do you think cloud accounting is just a fancy trend?

Many business owners are hesitant to switch to cloud accounting, believing their current system is sufficient. However, cloud accounting offers real-time access to your financial information, enhancing efficiency, collaboration, and accuracy.

Ignoring the shift to cloud accounting can lead to outdated practices, increased errors, and missed opportunities for growth. Without this modern approach, you may struggle to keep up with your competition and make informed decisions.

At Hollingsworth & Co, we specialise in cloud accounting solutions that simplify your financial management. Our dedicated team will help you transition smoothly, ensuring you maximise the benefits of this powerful technology.

Don’t let traditional methods hold you back. Reach out to us today to learn how cloud accounting can transform your business!

👉🏻 Visit https://www.hollingsworthandco.co.uk/ for more information.

This week at Hollingsworth & Co 💡A new consultation aims to reform company reporting standards to promote economic growt...
12/10/2026

This week at Hollingsworth & Co 💡
A new consultation aims to reform company reporting standards to promote economic growth while raising concerns. Key proposals include extending audit exemptions for medium-sized firms, a solvency-based profits regime, and simplifying micro-entity reporting. The government emphasizes clarity, flexibility, simplicity, proportionality, and future-readiness. Streamlining regulations for SMEs and enhancing self-regulation is also proposed. Changes may apply to LLPs, and the consultation closes on 30 November 2026. 📊 What are your thoughts on these proposed changes? Leave a comment below!
Read the full article here: https://www.hollingsworthandco.co.uk/news/consultation-on-modernising-corporate-reporting

Confused about Capital Gains Tax? You're not alone! Capital Gains Tax is charged on the profit made when selling or disp...
09/10/2026

Confused about Capital Gains Tax? You're not alone!

Capital Gains Tax is charged on the profit made when selling or disposing of an asset that has increased in value. For instance, if you bought a painting for £5,000 and sold it for £25,000, your taxable gain is £20,000. Remember, it’s the gain, not the sale price, that gets taxed!

Ignoring your Capital Gains obligations can lead to unexpected tax bills and penalties.

At Hollingsworth & Co, we can help you:

- Understand what counts as an asset and what triggers Capital Gains Tax
- Determine your tax-free allowance and how to maximise it
- Navigate deductions and reliefs available to you
- Ensure timely reporting and compliance

Don’t leave your tax situation to chance! Contact us today for expert guidance.

👉🏻 Find out more at: https://www.hollingsworthandco.co.uk/.

Many property landlords underestimate the importance of detailed accounting. They often think it's just about rent colle...
07/10/2026

Many property landlords underestimate the importance of detailed accounting. They often think it's just about rent collection, but it goes much deeper.

Effective accounting involves tracking expenses, managing tax obligations, and maintaining cash flow. Without these, landlords can face significant issues like financial losses, tax penalties, and poor investment decisions.

At Hollingsworth & Co, we provide tailored accounting solutions for property landlords. Our experienced team will help you stay organised and compliant, allowing you to maximise your rental income.

Don't let financial mismanagement impact your investments. Contact us today to learn how we can support your property journey!

👉🏻 Visit https://www.hollingsworthandco.co.uk/ for more information.

This week at Hollingsworth & Co 💡Britain's workforce is struggling, with over 20% of working-age adults out due to ill-h...
05/10/2026

This week at Hollingsworth & Co 💡
Britain's workforce is struggling, with over 20% of working-age adults out due to ill-health and disability. Reports from Sir Charlie Mayfield highlight that around 300,000 people leave jobs yearly due to health issues, with low chances of return. Long-term absence harms confidence and mental health. Employers must enhance communication with absent workers and consider tailored health support. Prevention and early intervention are key. What strategies do you think could improve employee wellbeing? Share your thoughts below! 💬
Read the full article here: https://www.hollingsworthandco.co.uk/news/britain-s-insidious-long-term-workers-absence

Are you confused about how Corporation Tax affects your profits? It's a common concern!As of now, the Corporation Tax ra...
02/10/2026

Are you confused about how Corporation Tax affects your profits? It's a common concern!

As of now, the Corporation Tax rate for company profits is 25%. If your profits exceed £250,000, you'll pay at this main rate. However, if you earned £50,000 or less, you benefit from the small profits rate of 19%.

Ignoring the thresholds can be costly. You might miss out on potential allowances or reliefs, which could significantly impact your tax bill.

At Hollingsworth & Co, we can help you navigate this complex landscape:

- Assess your profit thresholds
- Identify applicable reliefs and allowances
- Guide you in claiming deductions
- Ensure compliance with tax regulations

Don't leave money on the table! Contact us today for expert advice and support.

👉🏻 Find out more at: https://www.hollingsworthandco.co.uk/.

Do you think a pension is something you can worry about later in life? Many people believe that retirement planning is s...
30/09/2026

Do you think a pension is something you can worry about later in life?

Many people believe that retirement planning is something to consider down the road. In reality, starting your pension plan early is crucial for building a secure financial future. It’s not just about saving money; it’s about ensuring you can maintain your desired lifestyle when you retire.

Ignoring your pension now can lead to significant risks, like not having enough funds to support yourself later, facing financial stress, and missing out on valuable growth opportunities. Waiting too long can make it harder to catch up.

At Hollingsworth & Co, we specialise in guiding you through the complexities of pension planning. Our experienced team will work with you to create a tailored pension strategy that fits your goals and ensures a stable financial future.

Don’t let time slip away. Contact us today to start planning your pension and secure the retirement you deserve!

👉🏻 Visit https://www.hollingsworthandco.co.uk/ for more information.

This week at Hollingsworth & Co 💡Mayors in England will gain the authority to impose a tourist tax on overnight stays, a...
28/09/2026

This week at Hollingsworth & Co 💡
Mayors in England will gain the authority to impose a tourist tax on overnight stays, applicable to both British and foreign visitors. This levy, based on a percentage of total spending rather than a flat fee, aims to fund tourism initiatives. Local authorities can decide how to allocate the collected revenue. Accommodation providers must manage the levy through self-assessment, with the possibility of local exemptions for certain types of lodgings. What do you think about this new tourist tax? Share your thoughts below! 🌍
Read the full article here: https://www.hollingsworthandco.co.uk/news/england-s-new-tourist-tax

Are you unsure if you need to register for VAT? Many businesses miss the crucial threshold of £90,000 in taxable turnove...
25/09/2026

Are you unsure if you need to register for VAT? Many businesses miss the crucial threshold of £90,000 in taxable turnover, thinking they can delay registration.

If your turnover exceeds £90,000 over the last 12 months or you expect to exceed this in the next 30 days, you must register for VAT. Ignoring this requirement can lead to hefty penalties and backdated VAT charges.

Here’s how Hollingsworth & Co can assist:

- Determine if you need to register based on your turnover
- Guide you through the registration process
- Help with VAT compliance and record keeping
- Advise on any potential exemptions or reliefs

Don’t risk financial repercussions. Contact us today to ensure your VAT obligations are met!

👉🏻 Find out more at: https://www.hollingsworthandco.co.uk/.

Address

Coppice House, Halesfield 7
Telford
TF74NA

Opening Hours

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

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