Sinclair Day Acct

We are accountants in #Worcester, working with businesses to grow & achieve their dreams & goals. We are #Xero experts, no suits, no jargon & fixed monthly fees

[Sinclair Day Acct @SinclairDayAcct]

Ever wondered why you need an accountant? One of the most important aspects within any business are the numbers and being on top of these is essential in so many respects, which is where we come in!
Read our 7 reasons at https://t.co/HXVEyHakrv
#accountancy #xeroaccountants

[Sinclair Day Acct @SinclairDayAcct]

🛁Toilet brushes: taxed. Caviar: tax-free
The vibes are off. Caviar counts as a food item so it’s zero-rated. But toilet cleaning products? Clearly a luxury. Pay your 20%, peasant.
#accountancy #tax #VAT #accountantswithadifference

[Sinclair Day Acct @SinclairDayAcct]

🐣Easter eggs were once debated as ‘toys’
Some eggs come with toys inside, and at one point, HMRC had to consider whether it should be taxed as food or as a toy with a sweet wrapper. The conclusion? Depends on how “integral” the choc is. Real sentence in real court.
#accountancy

[Sinclair Day Acct @SinclairDayAcct]

🧀Plain bread = no VAT. Garlic bread? That’s a fancy snack now.
Basic bread is a staple — so no VAT. Add garlic and cheese and vibes? Welcome to the 20% club. Toasted garlic bread is a taxable party guest.
#accountancy #tax #VAT #accountantswithadifference

[Sinclair Day Acct @SinclairDayAcct]

🎂Birthday cakes are tax-free, but decorated novelty cakes, maybe not
A plain sponge with icing = cake = zero-rated. But if shaped like Peppa Pig and seen as a “confectionery item”? Congrats, it’s taxable. Yes, your child’s unicorn cake is legally “luxury goods.”
#accountancy

[Sinclair Day Acct @SinclairDayAcct]

Friday’s here 🎉 The happiest day of the week with all its joys…
#accountancy #FridayFeeling #accountantswithadifference

[Sinclair Day Acct @SinclairDayAcct]

Friday’s here 🎉 The happiest day of the week with all its joys…
#accountancy #FridayFeeling #accountantswithadifference

[Sinclair Day Acct @SinclairDayAcct]

New employee starting, get the tax code right
Setting up the correct tax code when a new employee starts is essential, as even small payroll errors can lead to unnecessary tax overpayments and avoidable complica... #PayrollBasics #PAYE #EmployerDuties https://t.co/suz6I2kIqQ

[Sinclair Day Acct @SinclairDayAcct]

Friday’s here 🎉 The happiest day of the week with all its joys…
#accountancy #FridayFeeling #accountantswithadifference

[Sinclair Day Acct @SinclairDayAcct]

Selling a business, do not miss out on BADR
Business Asset Disposal Relief (BADR) can significantly reduce the Capital Gains Tax due when selling a business or shares, but with higher rates coming from Ap... #CapitalGainsTax #BusinessExit #TaxPlanning https://t.co/GKoRloFSJQ

[Sinclair Day Acct @SinclairDayAcct]

Self-employed, are you claiming the right travel costs?
If you are self-employed, it is important to understand which car and travel costs can be claimed. #SelfEmployed #BusinessExpenses #TaxRelief https://t.co/QkpKmKdPQz

[Sinclair Day Acct @SinclairDayAcct]

LLP members, could you be treated as salaried for tax?
The salaried member legislation applies to certain members of a Limited Liability Partnership (LLP) whose terms of membership are more like an employee... #LLPTax #SalariedMemberRules #TaxPlanning https://t.co/P2jClcOK1M

[Sinclair Day Acct @SinclairDayAcct]

Selling a company car, get the VAT right
The question of whether or not you are required to charge VAT when selling a company car depends on how the vehicle was bought and whether VAT was recovered at the time.... #VATmatters #CompanyCars #TaxPlanning https://t.co/KF8d6f1tMu

[Sinclair Day Acct @SinclairDayAcct]

UK property income, when it counts as a business
The income generated from land or property in the UK is treated as arising from a UK property business. The underlying legislation defines this broadly to include all a... #PropertyTax #Landlords #UKTax https://t.co/6PjxXWAn98

[Sinclair Day Acct @SinclairDayAcct]

New 40% First Year Allowance explained
The new 40% First Year Allowance came into force from 1 January 2026. This marks an important development for businesses investing in plant and machinery. The n... #CapitalAllowances #BusinessInvestment #TaxPlans https://t.co/m09enLeQ9S

[Sinclair Day Acct @SinclairDayAcct]

Friday’s here 🎉 The happiest day of the week with all its joys…
#accountancy #FridayFeeling #accountantswithadifference

[Sinclair Day Acct @SinclairDayAcct]

Welsh Final Budget 2026–27 highlights
The Welsh Final Budget for 2026-27 was published on 20 January 2026. The Budget sets out the Welsh government’s revenue and capital spending plans, including detailed port... #WelshBudget #IncomeTax #DevolvedTaxes https://t.co/AfcTeQ7o0z

[Sinclair Day Acct @SinclairDayAcct]

MTD for Income Tax starts April 2026
If you have not yet checked if and when you need to use Making Tax Digital (MTD) for Income Tax, you should do so as a matter of urgency. This is because from April 202... #MakingTaxDigital #SelfEmployed #Landlords https://t.co/TMdY7QuruF

[Sinclair Day Acct @SinclairDayAcct]

Check your National Insurance record
It is recommended to check your National Insurance record as this can affect your future entitlement to the State Pension and other benefits. #StatePension #NationalInsurance #FinancialPlan https://t.co/LFoJpT5Stg

[Sinclair Day Acct @SinclairDayAcct]

Scottish Budget 2026–27 key points
Scotland’s Finance Secretary, Shona Robison delivered her third Budget statement to the Scottish parliament on 13 January 2026. This is the final Budget before the Holyroo... #ScottishBudget #IncomeTax #DevolvedTaxes https://t.co/fqI4uzRyfa

[Sinclair Day Acct @SinclairDayAcct]

PAYE changes for umbrella companies
From 6 April 2026, significant changes to PAYE rules will affect umbrella companies, recruitment agencies, and end clients, increasing shared responsibility for payroll com... #UmbrellaCompanies #PAYE #EmploymentTax https://t.co/ilziCMoGj3