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AudTax Accountants & Tax Consultants

Name: AudTax Accountants & Tax Consultants
Address: Rear Office Imperial Chambers, 10-17 Seven Ways Parade, Woodford Avenue, London, IG26JX, GB
Telephone: +442036335413
Price range: Not Applicable

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We are here to help your business grow with plain simple advice.

🏆Award-Winning Firm of Chartered Certified Accountants & Tax Consultants
Helping UK Businesses Reduce Tax 💰 & Increase Profit 📈💷
Tax Investigation Specialist 👨‍💼 We have a team of helpful friendly staff ready to assist where ever we can - just a phone call away. See what we can do for your business, get in touch and take us up on our first hour free consultation offer. Services:

- Limited Company Audits and Accounts
- Accounts for Sole Traders and Partnerships
- Self Assessment Tax Returns
- Bookkeeping
- IR35 services
- Tax Investigation Work
- Limited Company formations
- Companies House form completion
- Cash Flow Forecasts & Business Plans
- VAT services
- Payroll services
- Sage Computer Training
- Business start-up plans & projections
- Tax Planning
- Capital Gains & Inheritance Tax Advice
- Marketing your business
- Stakeholder Pension Advice.
- Company Secretarial Work.
- Other Financial Advice.

01/11/2026

Revenue growth means very little if your business cannot afford to pay its bills.

A business can be turning over £500,000, £1 million or even more and still struggle to pay its staff, suppliers and other running costs.

Why?

Because revenue is not profit, and profit is not cash in the bank.

I often think business owners focus too much on how much they are invoicing and not enough on what is actually happening behind those numbers.

There are three important questions every business owner should be asking:

📈 1. How much am I billing?
Are sales and revenue actually growing?

💰 2. How much am I keeping?
After salaries, overheads, rent, finance costs and other expenses, what is left as genuine profit?

🏦 3. How much cash is actually coming in?
Are customers paying on time? Is there enough cash to cover payroll, VAT, corporation tax and other commitments?

You could be profitable on paper but still struggle with cash flow because customers haven’t paid their invoices.

And remember, your employees expect their salaries on time, your suppliers expect payment and HMRC won’t wait just because your customers haven’t paid you!

Growing a business isn’t just about increasing turnover. It’s about building a business that is profitable, cash-generative and financially sustainable.

My advice to business owners:

Don’t just look at your sales figures. Understand your profit margins, monitor cash flow and forecast your expenses.

A good accountant should help you understand not just what has happened, but what needs to happen next.

30/10/2026

Thinking of buying an electric car 🚗 through your business? The latest Budget has something you need to know!

30/10/2026

**Minimum Wage Increase: What Does It Really Cost a Small Business?** The National Living Wage is set to increase by **3.9% to £13.21 per hour from April 2027**. While this is welcome news for employees, many business owners are only looking at the wage increase itself.

Let’s take a business with **5 full-time employees** working 40 hours per week.

💰Additional Annual Cost

- Extra wages: **£5,200**
- Employer NI (approx.): **£780**
- Employer pension contributions (approx.): **£156**

➡️ **Total additional cost: £6,136 per year**

📉 Impact on Profitability

If your business currently generates:

- **£50,000 profit** → profit falls to around **£43,864**
- **£40,000 profit** → profit falls to around **£33,864**
- **£30,000 profit** → profit falls to around **£23,864**

That’s a reduction of over **20% of profits** for a business making £30,000 annually.

📉Impact on Margins

Assume a business has:

- Revenue: £500,000
- Profit: £50,000
- Profit margin: 10%

After the wage increase:

- Profit reduces to £43,864
- New margin becomes **8.8%**

That’s a **12% reduction in profitability** despite sales remaining exactly the same.

❓What Should Business Owners Do?

✅ Review pricing and increase prices where possible

✅ Improve operational efficiency and productivity

✅ Review staff scheduling and overtime costs

✅ Invest in technology and automation

✅ Prepare cash flow forecasts now rather than waiting until April

The reality is that wage increases don’t just affect payroll. They impact profitability, cash flow, pricing strategy and future investment decisions.

Businesses that understand the numbers early will be in a far stronger position than those reacting after the changes take effect.

28/10/2026

UK Budget 2026: what business owners need to know The Chancellor has announced changes for employers, directors, landlords and small business owners. Swipe through for the key figures 👉

💷 Minimum wage rising 3.9% from April 2027
💼 BADR limit halved to £500k
🏪 More business rates relief
🛒 New VAT rules for online sellers
📊 Higher tax on property and savings income
🏦 Capital allowance changes
🚗 Higher mileage rate above 10k miles
📒 Trading allowance up to £3,000

Review your payroll, your sale or restructuring plans and your upcoming equipment spend now, before these changes land.

Save this post 📌 and send it to a business owner who needs it. Need advice? DM us.

MinimumWage CapitalGainsTax VAT LandlordUK BusinessOwner AccountancyUK

28/10/2026

📢 UK BUDGET 2026: Tax Rates, Minimum Wage & Business Changes Every Business Owner Should Know

The Chancellor’s Budget has announced several changes that employers, company directors, landlords and small business owners need to prepare for.

Here are the key figures and changes to put on your radar. 👇

💷 1. National Minimum Wage – Increasing from April 2027

From 1 April 2027:

• Age 21 and over: £12.71 → £13.21 per hour
• Age 18–20: £10.85 → £11.27 per hour
• Under 18: £8.00 → £8.31 per hour
• Eligible apprentices: £8.00 → £8.31 per hour

All these rates increase by 3.9%.

Employers should review payroll budgets, employment contracts and hourly pay rates ahead of April 2027.

💼 2. Capital Gains Tax Relief for Business Owners

Business Asset Disposal Relief (BADR) will have its lifetime limit reduced from £1 million to £500,000 for qualifying disposals from 6 April 2027.

A new Founders’ Relief will offer a 10% Capital Gains Tax rate on up to £10 million of lifetime gains for qualifying founders of eligible high-growth, innovative businesses.

Business owners considering selling or restructuring should review their plans.

🏪 3. Business Rates Relief

Eligible retail, hospitality and leisure businesses in England will receive further support.

• The threshold for 100% Small Business Rates Relief rises to £18,000 rateable value.
• The threshold for tapered relief rises to £21,000.
• Qualifying businesses will benefit from a real-terms freeze in business rates bills for 2027–28 and 2028–29.
• Relief for pubs, social clubs and eligible music venues increases from 15% to 35% from April 2027.

Eligibility and the property’s rateable value will determine the benefit.

🛒 4. VAT Changes for Online Sellers

From October 2027, online marketplaces will be responsible for collecting VAT on qualifying sales by UK businesses, subject to the new rules and exclusions.

Online sellers should review their VAT position, platform arrangements and bookkeeping processes.

📊 5. Tax on Personal Rental Income and Savings

From 6 April 2027, the income tax rates applying to property income and savings income will rise by two percentage points:

• Basic rate: 22% → 24%
• Higher rate: 42% → 44%
• Additional rate: 47% → 49%

These are the new rates specifically for property and savings income, not the general income tax rates on salaries.

🏦 6. Company Investment and Capital Allowances

The main rate of writing-down allowances will fall from 18% to 12%, while the main first-year allowance will increase to 50% for qualifying expenditure from 1 January 2027.

Businesses investing in qualifying equipment should review the timing and tax treatment of their planned expenditure.

🚗 7. Business Mileage Rates

The tax-free mileage rate for qualifying business journeys by car or van will be:

• First 10,000 business miles: 55p per mile
• Above 10,000 miles: 35p per mile

The 55p rate is being made permanent, and the higher-mileage rate increases from 25p to 35p from 6 April 2027.

📒 8. Trading Allowance

From 6 April 2027, the tax-free trading allowance increases from £1,000 to £3,000 a year for qualifying trading and miscellaneous income.

This may benefit individuals with smaller side businesses and additional trading income.

⚠️ What should business owners do now?

✅ Review payroll costs before April 2027.
✅ Check eligibility for business rates relief.
✅ Review business sale and succession plans.
✅ Check VAT compliance and online marketplace arrangements.
✅ Review investment plans and available capital allowances.
✅ Reassess personal rental income and savings tax.

A Budget announcement is only the starting point. Understanding how it affects your own business is where professional tax advice matters.

At AudTax Accountants & Tax Consultants, we help businesses understand tax changes, stay compliant and plan ahead.

📩 Contact AudTax to discuss how the Budget could affect your business.

17/10/2026

HMRC wanted approximately £17,000 💷from our client.

After challenging their decision, the final outcome was:

✅ £0 tax
✅ £0 penalties
✅ £0 interest

Here’s how we did it. 👇

Our client ran an online business 🗂️alongside her full-time job.

HMRC opened an investigation and had reviewed her tax affairs and rejected many of her claimed business expenses, applying a standard allowance of just 20% of her sales.

The potential bill? Approximately £17,000.

She was worried about how she would pay it.

When she approached us, we identified problems with the information previously submitted to HMRC.

We reconstructed her tax position, organised her records dating back to 2019, prepared the correct tax returns, and calculated her actual business profits and losses.

Then we challenged HMRC’s decision.

What happened next was interesting.

HMRC initially offered to allow 20% of the expenses.

We challenged it.

They increased it to 30%.

We challenged again.

They increased it to 50%.

We still weren’t satisfied.

We asked HMRC to explain the legal basis for refusing the remaining expenses and provide a detailed breakdown of its calculations.

We made it clear that we were prepared to take the matter further.

Eventually, HMRC accepted 100% of the expenses we had claimed.

The final result?

✅ Tax: £0
✅ Penalties: £0
✅ Interest: £0

A potential £17,000 tax bill 💵 became £0 payable following our challenge.

The lesson?

Never assume HMRC’s first decision is necessarily the final answer.

Not every expense is allowable, and not every HMRC decision can be overturned. But when you have the evidence 🧾and legislation to support your position, challenging an incorrect decision can make a life-changing difference.

Facing an HMRC investigation or a tax bill you believe is wrong?

Before accepting it, get your position properly reviewed.

We help individuals and business owners correct historic tax returns, review HMRC assessments, and challenge decisions where the facts and legislation support doing so.

📩 Send me a private message if you need help with an HMRC tax investigation.

17/10/2026

HMRC wanted approximately £17,000💷 from our client.

After challenging their decision, the final outcome was:

✅ £0 tax
✅ £0 penalties
✅ £0 interest

Here’s how we did it. 👇

Our client ran an online business 🗂️alongside her full-time job.

HMRC opened an investigation and had reviewed her tax affairs and rejected many of her claimed business expenses, applying a standard allowance of just 20% of her sales.

The potential bill? Approximately £17,000.

She was worried about how she would pay it.

When she approached us, we identified problems with the information previously submitted to HMRC.

We reconstructed her tax position, organised her records dating back to 2019, prepared the correct tax returns, and calculated her actual business profits and losses.

Then we challenged HMRC’s decision.

What happened next was interesting.

HMRC initially offered to allow 20% of the expenses.

We challenged it.

They increased it to 30%.

We challenged again.

They increased it to 50%.

We still weren’t satisfied.

We asked HMRC to explain the legal basis for refusing the remaining expenses and provide a detailed breakdown of its calculations.

We made it clear that we were prepared to take the matter further.

Eventually, HMRC accepted 100% of the expenses we had claimed.

The final result?

✅ Tax: £0
✅ Penalties: £0
✅ Interest: £0

A potential £17,000 tax bill 💵 became £0 payable following our challenge.

The lesson?

Never assume HMRC’s first decision is necessarily the final answer.

Not every expense is allowable, and not every HMRC decision can be overturned. But when you have the evidence 🧾and legislation to support your position, challenging an incorrect decision can make a life-changing difference.

Facing an HMRC investigation or a tax bill you believe is wrong?

Before accepting it, get your position properly reviewed.

We help individuals and business owners correct historic tax returns, review HMRC assessments, and challenge decisions where the facts and legislation support doing so.

📩 Send me a private message if you need help with an HMRC tax investigation.

28/09/2026

🚨 HMRC DEMANDED NEARLY £80,000.

Our client thought he had been paying his taxes correctly on his rental income.

Then he received an HMRC enquiry asking for nearly £80,000.

He came to us to deal with the case.

We:

✅ Reviewed the full history
✅ Prepared the correct tax returns
✅ Claimed all allowable expenses
✅ Challenged HMRC where claims were initially rejected
✅ Provided evidence and supporting documentation
✅ Reviewed and challenged the penalties
✅ Negotiated directly with the HMRC officer

After reviewing our calculations and the evidence provided, HMRC accepted our position.

We also successfully appealed the penalties and HMRC cancelled them in full.

The final result?

💷 HMRC’s original demand: ~£80,000

💷 Client’s own calculation: £20,000+ plus penalties

💷 Final liability: ~£2,700 😀

That’s a difference of tens of thousands of pounds.

The lesson?

Don’t automatically accept an HMRC calculation.

Tax enquiries can become complicated very quickly, particularly when multiple years, expenses, previous tax payments and penalties are involved.

If HMRC contacts you, get professional advice before agreeing to their figures.

The right advice can make a significant difference.

📩 Need help with an HMRC enquiry or investigation? Get in touch with AudTax.

24/07/2026

Most businesses end up on a VAT scheme without ever really choosing one.

You hit the threshold, you register, and you get set up on standard VAT accounting.

Nobody asks which scheme suits your business best, it just happens. And for a lot of business owners, that's where it stays, year after year, without anyone ever questioning whether it's actually the right fit.

There are several VAT schemes available, and the differences between them are more significant than most people realise.

Standard VAT accounting - means you account for VAT based on invoices issued and received, regardless of whether you've actually been paid yet. If your clients are slow to pay, you could end up paying VAT to HMRC on money you haven't seen.

Cash accounting flips that. You only pay VAT when you've actually received payment, and reclaim it when you've actually paid your suppliers. For businesses with cash flow pressures or slow-paying clients, this can make a meaningful difference.

The Flat Rate Scheme is designed to simplify things for smaller businesses. Instead of calculating VAT on every transaction, you pay a fixed percentage of your gross turnover. Depending on your industry and how much VAT you reclaim on purchases, this can sometimes work out more favourably, but it isn't right for everyone.

Annual accounting lets you submit one VAT return per year and make advance payments throughout. Less admin, more predictability.

None of these is universally better than the others. The right scheme depends on your turnover, your industry, how quickly your clients pay, and how much you spend on VAT-rated purchases.

If you've never had a conversation with your accountant about which scheme you're on and why, that's a conversation worth having.

We'd love to have a chat with you to make sure you're on the right one for your business.

https://audtax.co.uk

22/07/2026

When did you last hear from your accountant?

By that, I don't mean their most recent invoice that's just landed in your inbox. I mean an actual conversation.

A lot of business owners hand their finances over to someone, breathe a sigh of relief, and then... hear nothing. Months go by. The assumption is that no news is good news. If something was wrong, surely they'd be in touch.

But silence isn't the same as everything being fine. It often just means things are ticking along in the background, unquestioned, and that questions that should have been asked, weren't.

A good accountant is not quiet.

They're the ones chasing you for the receipt you forgot to send. Asking what a transaction was for before they just guess and move on. Flagging something that looks different to last month and wanting to understand why. Picking up the phone because something in your numbers doesn't quite add up and they'd rather ask than assume.

They want to know about your business - not just the invoices, but what's coming up, whether you've taken on new clients, whether anything has changed. Because that context is what turns a set of numbers into something actually useful.

That level of communication isn't an inconvenience. It's the whole point.

If you're currently working with someone and you genuinely couldn't say what's happening with your finances right now - it might be time to ask whether you're getting the service you deserve.

We check in. We ask questions. We chase. That's how it should work.

Reach out if you need your current situation to change.

https://audtax.co.uk

Address

Rear Office Imperial Chambers, 10-17 Seven Ways Parade, Woodford Avenue
London
IG26JX

Opening Hours

Monday	9am - 8pm
Tuesday	9am - 8pm
Wednesday	9am - 8pm
Thursday	9am - 8pm
Friday	9am - 8pm
Saturday	9am - 6pm

Telephone

+442036335413

Website

http://www.audtax.co.uk/

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