CFA Tax

Are you drowning in a sea of receipts and invoices? It’s easy to feel overwhelmed when bookkeeping piles up and time slips away. At CFA Tax, we simplify the process, keeping your records in tip-top shape so you can focus on growing your business. Let us take the stress out of bookkeeping and bring clarity to your finances! 📊🗂️✨😊💼
👉🏻 Visit https://www.cfatax.co.uk/ for more information.

💷 Struggling to pay your PAYE to HMRC?

You’re definitely not alone. One of the most common questions I get from business owners is how to make sure PAYE payments are made correctly and allocated to the right place.

My preferred method is paying through your HMRC Business Tax Account (Government Gateway).

✅ First, set up a Business Gateway account if you haven’t already.
✅ Add PAYE as a tax on your account.
✅ HMRC will then send you an activation code through the post to verify it’s really you.
✅ Once you’ve entered the code, you’re good to go and can make payments directly through the portal.

Why do I like this method?

Because you’re paying exactly what HMRC says you owe, and the payment is automatically allocated against the correct tax month. Much less room for errors!

If you choose to pay by bank transfer instead, please make sure you use the correct payment reference. This should be your PAYE reference followed by the relevant tax year and tax month.

I’ve seen all sorts happen when references are entered incorrectly:

❌ Payments allocated to the wrong tax account (for example, Self Assessment instead of PAYE)
❌ Payments allocated to the wrong tax month
❌ Interest charges and payment chasers when you’ve actually paid the money

And let’s be honest… nobody needs that extra hassle.

The final option is setting up a Direct Debit.

👍 The benefit? You’ll never miss a payment.
🤔 The downside? You need to be comfortable with HMRC taking the correct amount from your account each month.

Personally, I know some business owners who love Direct Debit and others who prefer to stay in control and make the payment themselves.

Which camp are you in? Team Direct Debit or Team “I’d rather press the button myself”? 👇

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Your weekly update from CFA Tax💡
A business plan is more than just a formality; it's a vital tool for small and growing businesses. It brings clarity by addressing critical questions, aligns your team towards common goals, and is essential for securing funding. Used as a measurement tool, a plan helps you adapt and improve. Start simple, and consider seeking help for crafting your plan. How has planning impacted your business growth? Share below! 🌟📊📝🤝💡

Are you sure you know the ins and outs of Capital Gains Tax when selling a business asset? 😉 Don’t get caught out! Reviewing reliefs like Business Asset Disposal or Rollover Relief could significantly reduce or defer your tax liability. Proper planning makes all the difference! At CFA Tax, we’re here to help. Let us guide you through the process! 🌟💼📊✨🔍
👉🏻 Find out more about what we can do for you: https://www.cfatax.co.uk/.

⏰ The Cost of Doing It Yourself

DIY bookkeeping and tax returns can seem like a money saver…

Until:

❌ Deadlines are missed
❌ Penalties arrive
❌ Expenses are forgotten
❌ Valuable time is lost

Your time is valuable. Focus on running your business and leave the numbers to us.

📞 Speak to CFA Tax about taking the stress out of your finances.

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Are you finding it tricky to stick to your budget? Many people struggle with unexpected expenses and fluctuating income, which can throw your financial plans out of whack. At CFA Tax, we help you create a clear, realistic budget that adapts to your lifestyle, making money management a breeze. Let us guide you towards financial peace of mind! 💡💷✨😊📅
👉🏻 Visit https://www.cfatax.co.uk/ for more information.

💡 Are You Claiming All Your Expenses?

Many business owners miss out on legitimate expenses every year.

Common examples include:

✔ Mileage
✔ Home office costs
✔ Professional subscriptions
✔ Business phone bills
✔ Training courses
✔ Software subscriptions

Missing expenses means paying more tax than necessary.

Not sure what you can claim? CFA Tax can help.

📞 Message us today.

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Your weekly update from CFA Tax💡
The Small Business Protections Bill, mentioned in the King’s Speech, aims to ease payment challenges for smaller businesses. It includes a 60-day cap on payment terms, mandatory late payment interest, and new powers for the Small Business Commissioner. Smaller firms are eager to follow its progress. What are your thoughts on these proposed measures? Leave a comment below! 💼📈⚖️💰✨

She did it!

Coast 2 Coast over 2 days! 170miles, 10,000ft of elevation and great company with Selby Striders Running Club ❤️🦌🚴‍♂️

Train hard, put the time in and you will see the rewards! 🙌

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