BGA Accountants

𝗤𝘂𝗶𝗰𝗸 𝗤𝘂𝗲𝘀𝘁𝗶𝗼𝗻 💬

𝗚𝗼𝘁 𝗮𝗻 𝗛𝗠𝗥𝗖 𝗹𝗲𝘁𝘁𝗲𝗿 𝘁𝗵𝗮𝘁’𝘀 𝘀𝘁𝗿𝗲𝘀𝘀𝗶𝗻𝗴 𝘆𝗼𝘂 𝗼𝘂𝘁? 😰

Don’t panic over that brown envelope, we’ll explain what it means and what to do next.

👇Click below to ask us a quick question – it’s 𝗙𝗥𝗘𝗘 and you don’t even need to be a client! https://api.leadconnectorhq.com/widget/bookings/bga-quick-question

𝗪𝗵𝗲𝗻 𝗿𝗲𝗰𝗲𝗶𝗽𝘁𝘀 𝗺𝘂𝗹𝘁𝗶𝗽𝗹𝘆 𝗯𝘂𝘁 𝘆𝗼𝘂𝗿 𝗯𝗿𝗮𝗶𝗻 𝗰𝗲𝗹𝗹𝘀 𝗱𝗼𝗻’𝘁. 🧾➡️🧠

What’s your secret weapon for surviving tax season madness? 🤔

𝗪𝗲𝗲𝗸𝗹𝘆 𝗥𝗼𝘂𝗻𝗱 𝗨𝗽

𝗘𝘀𝗰𝗮𝗽𝗶𝗻𝗴 𝘁𝗵𝗲 𝗛𝗜𝗖𝗕𝗖

The High Income Child Benefit Charge can reduce or remove child benefit where income exceeds £60,000. However, there may be legitimate ways to reduce or avoid the charge through careful income and tax planning.

𝗖𝗹𝗶𝗰𝗸 𝗯𝗲𝗹𝗼𝘄 𝘁𝗼 𝗹𝗲𝗮𝗿𝗻 𝗺𝗼𝗿𝗲 👇
https://bga-accountants.co.uk/blog/b/escaping-the-hicbc

𝗨𝘁𝗶𝗹𝗶𝘀𝗶𝗻𝗴 𝘁𝗵𝗲 𝗽𝗿𝗼𝗽𝗲𝗿𝘁𝘆 𝗮𝗹𝗹𝗼𝘄𝗮𝗻𝗰𝗲

The property allowance can allow up to £1,000 of property income each tax year to be received tax-free. Understanding when it applies could help landlords reduce their tax bill and simplify reporting requirements.

𝗖𝗹𝗶𝗰𝗸 𝗯𝗲𝗹𝗼𝘄 𝘁𝗼 𝗹𝗲𝗮𝗿𝗻 𝗺𝗼𝗿𝗲 👇
https://bga-accountants.co.uk/blog/b/utilising-the-property-allowance

𝗔𝗹𝘁𝗲𝗿𝗻𝗮𝘁𝗶𝘃𝗲 𝗱𝗶𝘀𝗽𝘂𝘁𝗲 𝗿𝗲𝘀𝗼𝗹𝘂𝘁𝗶𝗼𝗻

A dispute with HMRC does not always have to end up in a tribunal. Alternative dispute resolution (ADR) can offer a faster and more collaborative way to resolve disagreements and reach an outcome.

𝗖𝗹𝗶𝗰𝗸 𝗯𝗲𝗹𝗼𝘄 𝘁𝗼 𝗹𝗲𝗮𝗿𝗻 𝗺𝗼𝗿𝗲 👇
https://bga-accountants.co.uk/blog/b/alternative-dispute-resolution

𝗕𝗶𝗴 𝗣𝗿𝗼𝗷𝗲𝗰𝘁𝘀, 𝗕𝘂𝘁 𝗧𝗶𝗴𝗵𝘁 𝗖𝗮𝘀𝗵 𝗙𝗹𝗼𝘄?

Our architectural practice client was winning larger projects and delivering exceptional work, but managing cash flow was becoming increasingly challenging. With income arriving at different stages across multiple projects, it was difficult to see how delays, revisions, and project costs were impacting overall profitability.

By introducing project-based reporting and cash flow forecasting, we helped the business gain greater visibility over fees, work in progress, payroll, and overheads across active projects. This highlighted opportunities to improve milestone billing, streamline invoicing, and review pricing structures. The result was stronger cash flow, improved project margins, and greater confidence in managing future growth.

𝗤𝘂𝗶𝗰𝗸 𝗤𝘂𝗲𝘀𝘁𝗶𝗼𝗻 💬

𝗦𝘁𝗿𝘂𝗴𝗴𝗹𝗶𝗻𝗴 𝘁𝗼 𝗺𝗮𝗸𝗲 𝘀𝗲𝗻𝘀𝗲 𝗼𝗳 𝘆𝗼𝘂𝗿 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗻𝘂𝗺𝗯𝗲𝗿𝘀? 💼

You focus on running your business, we’ll help you make sense of the figures behind it.

👇 Click here to ask us a quick question – it’s 𝗙𝗥𝗘𝗘 and you don’t even need to be a client! https://api.leadconnectorhq.com/widget/bookings/bga-quick-question

Thank you, Tim! We’re so grateful for your recommendation.

Providing helpful, friendly, and professional service is at the heart of what we do, and it’s wonderful to know you had such a positive experience with our team. 💙

𝗛𝗠𝗥𝗖 𝗠𝗶𝗹𝗲𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗜𝗻𝗰𝗿𝗲𝗮𝘀𝗲 𝗳𝗿𝗼𝗺 𝗔𝗽𝗿𝗶𝗹 𝟮𝟬𝟮𝟲 🚗

HMRC has announced an increase in the approved mileage allowance rate for cars and vans from 45p to 55p per mile for the first 10,000 business miles travelled in a tax year. The change has been backdated to 6 April 2026.

The approved mileage rates for cars and vans are now:

• 55p per mile for the first 10,000 business miles travelled in a tax year
• 25p per mile for each business mile over 10,000

If you use your own vehicle for business journeys, you may wish to review any mileage claims submitted since 6 April 2026, as adjustments may be required in light of this change.

As always, if you have any questions, no matter how small, please feel free to get in touch.

𝗧𝗮𝘅 𝗖𝗼𝗱𝗲𝘀 𝗚𝗼𝗻𝗲 𝗪𝗶𝗹𝗱: 𝗛𝗠𝗥𝗖’𝘀 𝗦𝗽𝗿𝗶𝗻𝗴 𝗕𝗿𝗲𝗮𝗸🌴

You log in expecting calm, instead, there’s a tax code that looks like a phone number.

It’s that time of year when even HMRC seems to be testing your patience.

What’s the weirdest code or letter you’ve seen pop up out of nowhere?

𝗪𝗲𝗲𝗸𝗹𝘆 𝗥𝗼𝘂𝗻𝗱 𝗨𝗽

𝗕𝗲𝗻𝗲𝗳𝗶𝘁𝘀 𝗼𝗳 𝗮𝗻 𝗮𝗹𝗽𝗵𝗮𝗯𝗲𝘁 𝘀𝗵𝗮𝗿𝗲 𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲

An alphabet share structure can help family companies distribute profits more tax-efficiently by allowing different dividend amounts for each shareholder based on their personal tax position.It may also help shareholders make better use of available allowances and lower tax bands.

𝗖𝗹𝗶𝗰𝗸 𝗯𝗲𝗹𝗼𝘄 𝘁𝗼 𝗹𝗲𝗮𝗿𝗻 𝗺𝗼𝗿𝗲 👇
https://bga-accountants.co.uk/blog/b/benefits-of-an-alphabet-share-structure

𝗥𝗲𝗽𝗼𝗿𝘁𝗶𝗻𝗴 𝗶𝗻𝗰𝗼𝗺𝗲 𝗳𝗿𝗼𝗺 𝗙𝗛𝗟𝘀 𝗶𝗻 𝘁𝗵𝗲 𝟮𝟬𝟮𝟱/𝟮𝟲 𝘁𝗮𝘅 𝗿𝗲𝘁𝘂𝗿𝗻

The furnished holiday lettings tax regime ended on 6 April 2025, changing how FHL income, expenses and losses are reported in the 2025/26 tax return.

𝗖𝗹𝗶𝗰𝗸 𝗯𝗲𝗹𝗼𝘄 𝘁𝗼 𝗹𝗲𝗮𝗿𝗻 𝗺𝗼𝗿𝗲 👇
https://bga-accountants.co.uk/blog/b/reporting-income-from-fhls-in-the-202526-tax-return

𝗗𝗶𝗿𝗲𝗰𝘁𝗼𝗿 𝗹𝗼𝗮𝗻𝘀: 𝗪𝗵𝗲𝗻 𝗯𝗼𝗿𝗿𝗼𝘄𝗶𝗻𝗴 𝗳𝗿𝗼𝗺 𝘆𝗼𝘂𝗿 𝗰𝗼𝗺𝗽𝗮𝗻𝘆 𝗰𝗮𝗻 𝗯𝗲 𝗲𝘅𝗽𝗲𝗻𝘀𝗶𝘃𝗲

Borrowing from your company may seem tax-efficient, but director loans can lead to unexpected tax charges if not managed carefully.

𝗖𝗹𝗶𝗰𝗸 𝗯𝗲𝗹𝗼𝘄 𝘁𝗼 𝗹𝗲𝗮𝗿𝗻 𝗺𝗼𝗿𝗲 👇
https://bga-accountants.co.uk/blog/b/director-loans-when-borrowing-from-your-company-can-be-expensive

𝗕𝘂𝘀𝘆 𝗪𝗶𝘁𝗵 𝗕𝗲𝘀𝗽𝗼𝗸𝗲 𝗪𝗼𝗿𝗸, 𝗕𝘂𝘁 𝗜𝘀 𝗜𝘁 𝗣𝗮𝘆𝗶𝗻𝗴 𝗢𝗳𝗳?

Our independent carpentry and joinery client had taken on more bespoke projects, with consistent work and strong income coming in. But with materials, labour, and time varying from job to job, it became difficult to see which projects were actually delivering the best profit.

By introducing job-based reporting and a simple cash-flow forecast, we helped the business track income, materials, and labour costs more clearly across each project. The insight showed that some time-intensive bespoke work was less profitable than expected, while smaller repeat jobs delivered more consistent margins. With clearer quoting and better cost control, the business improved profitability and gained more confidence in choosing the right work.