VAT was never part of your income in the first place. You charge it on top of your price, hold onto it briefly, then pass it to HMRC.
Your actual revenue is what's left after VAT!
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Happy August Bank Holiday! Enjoy the long weekend. ☀️
One reminder before you switch off: if your limited company’s financial year ended 30 November 2025, today is your Companies House accounts filing deadline.
Need help?
📞 01224090085
🌐 https://t.co/AWZS933wtT
#UKBusiness
Started self-employment or rental income in 2025/26?
Register for Self Assessment with HMRC by 5 Oct 2026. That's not the filing deadline — it's just telling HMRC you exist as a taxpayer. Miss it and you can be penalised, even if you file correctly later. #SelfAssessment#HMRC
If your business has spent time or money solving a technical problem, building new software, or improving a process this year — you may be entitled to R&D Tax Relief, whether or not the project succeeded.
It's one of the most under-claimed reliefs in UK business tax. Many owners assume it's only for labs and tech startups.
What typically qualifies:
→ Developing new or improved products or processes
→ Custom software builds
→ Tech trial and error, even on failed projects
Today's the postal deadline for July's PAYE, National Insurance and CIS payments to HMRC.
Paying by cheque? It needs to reach HMRC today!
HMRC starts charging interest immediately after deadline.
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#PAYE#PayrollDeadline#HMRC
August is peak holiday season.
Before you approve cover or overtime, check:
→ what does it do to this month's payroll cost
→ if it's already accounted for in your cash flow forecast
→ if it needs to come out of this or next month's budget
We can help.
📞 01224090085
Filed your first MTD update?
✅ One down.
Next quarterly update: 6 July–5 October, due 7 November.
Then: 7 February and 7 May.
Keep your bookkeeping up to date now and avoid the last-minute scramble.
#MTD#HMRC#SmallBusinessUK
Today's your reminder.
If you're affected by #MakingTaxDigital, your quarterly update is due today.
Hopefully you've already hit "Submit."
#HMRC#SmallBusinessUK
VAT tip:
If you're VAT registered, not every pound that enters your account belongs to your business.
Set aside VAT regularly to avoid cash flow surprises later.
#VAT#HMRC#SME
More sales don't always mean more profit.
We've seen businesses generate strong revenue and still struggle because cash flow isn't monitored, expenses aren't tracked, and margins go unnoticed.
The question isn't "How much did you sell?"
It's "How much did you keep?"
"I'll sort it later."
Famous last words. 😅
Small accounting tasks ignored today can become:
⚠️ Penalties
⚠️ Missed deadlines
⚠️ Lost records
⚠️ Stress
Future you will thank present you for getting organised.
#TaxTips#BusinessAdvice
Be honest 👀
How many receipts are sitting in a drawer right now?
You're busy running your business, but bookkeeping won't do itself.
If it's been on next week's list for months, let's talk.
Pension contributions can do more than build your retirement fund—they may also reduce your tax bill today.
✔ Reduce taxable income
✔ Improve tax efficiency
✔ Provide extra relief for higherrate taxpayers
A simple way to grow long-term wealth while managing your tax position
Running a limited company? Corporation Tax isn't a flat rate any more.
Under £50k profit: 19%
£50k–£250k: marginal relief (taper)
Over £250k: 25%
With the right planning, you can reduce your effective rate. Find Totals shows you how.
Free call — link in bio.
#Proof#taxuk
It's June. Half the year is done.
How's your business actually doing?
Check these 5 things to find out right now.
1️⃣ Cashflow
2️⃣ VAT
3️⃣ profit vs forecast
4️⃣ expenses
5️⃣tax planning
Find Totals does mid-year financial reviews. Call us today!