Sonya Jolly, accountant, happy to help if I can!

Jolly #Accountancy Services. Likes to help small #businesses and individuals. Love my kids 👩‍👧‍👧my calculator ⌨️and attempting to keep fit 😊

[Sonya Jolly, accountant, happy to help if I can! @JollyAccounts]

#Testimonial #LocalAccountant #LancasterAccountant #JollyAccountancy #PayrollChanges #SmallBusinessUK

[Sonya Jolly, accountant, happy to help if I can! @JollyAccounts]

If I share a company car, how much will I be taxed?

You are only taxed on the proportion of the year you use the car

Tax due on fuel can also be worked out proportionately if you give up the ‘free’ fuel and so long as the fuel is not reinstated later.

#FAQ #LocalAccountant

[Sonya Jolly, accountant, happy to help if I can! @JollyAccounts]

HMRC's VAT penalty system now works like driving licence points. Miss a VAT return and you earn a penalty point. Hit the threshold and you're charged £200.
Quarterly filers reach the threshold at just 4 points.

https://t.co/ykPxgcKTdf

#HMRCPenalties #TaxCompliance

[Sonya Jolly, accountant, happy to help if I can! @JollyAccounts]

Pension contributions have to be physically paid before the year end to be included in the accounts and to obtain a relief against Corporation Tax.

#TaxTips #HMRC #SmallBusiness #SelfAssessment #VAT #CorporationTax

[Sonya Jolly, accountant, happy to help if I can! @JollyAccounts]

Time to Pay

Can't pay your tax bill in full? File your return on time anyway.
Filing and paying are treated separately by HMRC. You can then contact them to arrange a Time to Pay plan and avoid the late filing penalty altogether.

https://t.co/ykPxgcKTdf

#HMRCPenalties

[Sonya Jolly, accountant, happy to help if I can! @JollyAccounts]

#Testimonial #LocalAccountant #LancasterAccountant #JollyAccountancy #PayrollChanges #SmallBusinessUK

[Sonya Jolly, accountant, happy to help if I can! @JollyAccounts]

Are company cars taxed?

Company cars are taxed as a benefit in kind for most employees, and income tax is payable.

Employees pay tax at their top rate.

#FAQ #LocalAccountant #LancasterAccountant #JollyAccountancy #SmallBusinessUK

[Sonya Jolly, accountant, happy to help if I can! @JollyAccounts]

The £100 filing penalty

Did you know HMRC charges a £100 penalty for a Self Assessment return filed just 1 day late, even if you don't owe any tax?
Filing on time costs nothing. Missing the deadline does.

https://t.co/ykPxgcKlnH

#SelfAssessment #HMRC #TaxDeadlines

[Sonya Jolly, accountant, happy to help if I can! @JollyAccounts]

Tax relief is available on charitable donations made by an individual who has paid income tax equivalent or more than the tax on the donation.

#TaxTip #LocalAccountant #LancasterAccountant #JollyAccountancy #PayrollChanges #SmallBusinessUK

[Sonya Jolly, accountant, happy to help if I can! @JollyAccounts]

HMRC Penalties in 2026: From late Self Assessment returns to VAT payment charges, HMRC penalties can escalate quickly in some cases reaching 100% of the tax owed.
Read our latest guide:
👉 https://t.co/ykPxgcKlnH

#TaxTips #HMRC #SmallBusiness #SelfAssessment #VAT #CorporationTax

[Sonya Jolly, accountant, happy to help if I can! @JollyAccounts]

#Testimonial #LocalAccountant #LancasterAccountant #JollyAccountancy #PayrollChanges #SmallBusinessUK

[Sonya Jolly, accountant, happy to help if I can! @JollyAccounts]

Are running costs of my car used for business, other than fuel taxable?

Yes, other employer contributions to the running costs of employees’ cars are taxable.

But employees can claim a tax deduction, using AMAP.

#FAQ #LocalAccountant #LancasterAccountant #JollyAccountancy

[Sonya Jolly, accountant, happy to help if I can! @JollyAccounts]

Simple payroll mistakes can cause big headaches.
Things like incorrect payroll IDs or missing start dates can create duplicate records and HMRC issues.
Getting it right first time saves a lot of back and forth later.

https://t.co/6pFMrLNiJE

#Blog #LocalAccountant

[Sonya Jolly, accountant, happy to help if I can! @JollyAccounts]

Tax relief is available on charitable donations made by an individual who has paid income tax equivalent or more than the tax on the donation.

#TaxTip #LocalAccountant #LancasterAccountant #JollyAccountancy #PayrollChanges #SmallBusinessUK

[Sonya Jolly, accountant, happy to help if I can! @JollyAccounts]

If you’re in construction, take note 👇
Monthly CIS returns are now mandatory again — even if you’ve had no subcontractor payments.

Nil returns are back, and so are penalties for missing them.

https://t.co/6pFMrLMKU6

#Blog #LocalAccountant #LancasterAccountant

[Sonya Jolly, accountant, happy to help if I can! @JollyAccounts]

#Testimonial #LocalAccountant #LancasterAccountant #JollyAccountancy #PayrollChanges #SmallBusinessUK

[Sonya Jolly, accountant, happy to help if I can! @JollyAccounts]

If I share a company car, how much will I be taxed?

You are only taxed on the proportion of the year you use the car

Tax due on fuel can also be worked out proportionately if you give up the ‘free’ fuel and so long as the fuel is not reinstated later.

#FAQ #LocalAccountant

[Sonya Jolly, accountant, happy to help if I can! @JollyAccounts]

𝗕𝗲𝗻𝗲𝗳𝗶𝘁𝘀 𝗶𝗻 𝗞𝗶𝗻𝗱 𝗗𝗲𝗮𝗱𝗹𝗶𝗻𝗲𝘀
Missed the deadline to payroll benefits?
You’ll need to continue submitting P11Ds and a P11D(b).
Don’t forget — the deadline is 6 July. Late submissions can lead to penalties.

https://t.co/6pFMrLMKU6

#Blog #LocalAccountant

[Sonya Jolly, accountant, happy to help if I can! @JollyAccounts]

One of the reasons as to why it is useful to know what profit/loss you have made on a weekly/monthly basis is so better, more informed, decisions can be made. I advise using bookkeeping software and keeping on top of entering the transactions to give a more accurate picture.

[Sonya Jolly, accountant, happy to help if I can! @JollyAccounts]

Student loan thresholds have changed for 2026/27.
If payroll isn’t updated correctly, employees could end up paying too much — or too little.

Worth double-checking your system is aligned with the latest rates.

https://t.co/6pFMrLMKU6

#Blog #LocalAccountant #LancasterAccountant