Last updated about 2 weeks agoSpeaking as humans … NO! We love to hear from you regularly.Speaking as accountants … NO! We need to hear from you regularly. Sadly, on both counts, that doesn’t always happen. But we highly recommend it that it should. Aside from the fact we would miss you if you didn’t…

Last updated about 3 weeks agoBusinesses often describe their ideal client, and we’re no different … we know which kinds of clients align with our values, and we actively look to work with businesses that do. However, I think far too many businesses say yes to every client who contacts them without considering whether they’re…

Last updated about 1 month agoAre you telling your accountant everything they need to know about your plans for the future … and are they asking you? Here’s why you should:  It’s assumed that being ‘as tax effective as possible’ is the sole aim of your accountant. It’s an essential aspect of what we do,…

Last updated on November 1, 2023Running a business can be exciting but it also comes with a significant amount of paperwork and financial responsibility. This is why having a good accountant or bookkeeper as part of your team is vital. With their expertise in managing financial matters, you gain the freedom to concentrate on growing…

Last updated on October 17, 202320 years ago, we didn’t hear the term influencer banded about the way it is today but the practise of influencing others to buy a product or service actually dates back to ancient Rome when gladiators endorsed products! Social media and the internet of course make it much easier for…

Last updated on October 31, 2023What is bookkeeping? Bookkeeping is the process of tracking a business’s financial transactions and it’s the responsibility of a bookkeeper to record and monitor each of these transactions. Essentially, bookkeeping involves keeping a detailed record of the money coming in and going out of a business. Why is accurate bookkeeping…

Last updated on October 31, 2023Being self-employed has many advantages but unfortunately, easy access to mortgages isn’t one of them. So, are small business owners at a disadvantage when it comes to mortgages? It’s harder to get approved but it’s certainly not impossible. Here is everything you need to know about mortgages when you’re self-employed….

Last updated on October 23, 2023Recent data from the Office of National Statistics (ONS) marks the first sustained growth in the self-employed sector over four consecutive quarters since the onset of the pandemic. The data revealed that there were 63,000 self-employed individuals in the UK during Q2 2023. One significant factor behind this surge could…

Last updated on September 28, 2023In the intricate world of business, you spend hours- sometimes days or weeks- agonising over the perfect name for your company. It’s not just a label, it’s an identity that influences how the company is perceived. Good names describe who the company is and what they do or you may…

Last updated on September 28, 2023We totally get it – you’ve got a lot on your plate – juggling quotes, getting the actual work done, and still finding time for your family. It’s like trying to ride three different bikes at once! But guess what? You can find that balance without losing your mind. The…

Last updated on September 28, 2023You´re working hard and building your trades business from the ground up. But guess what? As your business grows, you might find yourself approaching that seemingly elusive VAT threshold. Yeah, those three letters may make you break into a sweat, but fear not – we’ve got your back and ways…

Last updated on August 26, 2023If you’re in the South Lakes area, this one’s for you! Have you heard of the Love Barrow Community Awards? It’s a great way to recognise an individual or a group who have done something amazing in the community.  When we were asked to get involved we jumped at the chance, choosing to…

Last updated on October 23, 2023We are often asked about available grants and funding so we were pleased to hear some news that could have a significant positive impact in this area for businesses across the UK. Cabinet Office Minister Alex Burghart has launched the ‘Find a Grant’ service, a new UK-wide digital platform aimed…

Last updated on July 5, 2023184,000 people on low incomes were fined by HMRC for not filing a self-assessment tax return last year, despite the fact they earned so little there was no tax due in the first place. The fines were handed out to people who were paid less than £12,500 a year, the…

Last updated on June 2, 2023I’m seeing more and more posts about workcations; a worryingly emerging trend of people mixing work and play. I’m not against them entirely, but if that’s the only ‘break’ you’re getting then I’ve got one thing to say- Self 👏 care 👏 is 👏 absolutely 👏 vital! It’s hard though…

Last updated on May 17, 2023We are delighted to announce that we’ve introduced a menopause policy at TI Accountancy.  Menopause directly affects roughly half the population, yet it’s a topic that’s often overlooked or stigmatized in the workplace. According to a survey by the Chartered Institute of Personnel and Development (CIPD) only a third of…

Last updated on May 26, 2023New figures have been published by the Office for National Statistics (ONS)  that show there are 154,000 more self-employed individuals than this time last year. This means in total there are now 4.4 million self-employed people operating in the UK. Interestingly, the figures also revealed a rise in the number…

Last updated on May 16, 2023We celebrate 21 years in business this year (2023) and we’ve taken some time to look back over the last two decades. Given that we’re experts in business growth, it’s maybe not surprising we’re still going strong; we offer a wide range of services to support growing businesses, start-ups, entrepreneurs…

Last updated on May 15, 2023Inflation is one of the most talked about subjects at the moment. Whether it’s how much it costs to fill your car with fuel or the skyrocketing cost of energy bills- there’s just no let up. But what about the smaller things that have gone up in price? The items…

Last updated about 2 weeks agoWe’ve been asked a few times about submitting tax returns early. While it is best to get advice on individual situations, the below guide will give you a better idea of what submitting your tax return early might look like. If I submit my tax return before 31st July, will…

Last updated on March 7, 2023Founder of TI Accountancy, Tracy Irwin, explains how she raised TI Accountancy’s hourly rate with no fee increase to current clients:  “There can’t be many businesses immune to the impact of rising costs. From increased salaries, energy bills and inflation we knew, like so many other businesses, it was a matter of…

Last updated on February 10, 2023We often get asked ‘what is the difference between a director and a shareholder?’ so we thought we’d clear up the difference once and for all!  Directors and shareholders have 2 very different roles within a company, shareholders own the company by holding its shares whereas directors manage the business…

Last updated on October 31, 2022We’ve all read the helpful articles recommending nudging your thermostat down and reviewing the best thermal vests. Perhaps you’ve already lined your radiators with tin foil or invested in a low-powered slow cooker. But have you considered some of the surprising knock-ons of the energy crisis? While individuals come to…

Last updated on August 19, 2022I was talking to a new client the other day and he asked for an easy way to price up his jobs. After working through it with him I thought it may be useful to write this blog for others who are just starting out and aren’t sure how to…

Last updated about 3 weeks agoThere are many limited company directors that have not put plans into place for their future financially, but as a director of a limited company you can contribute pre-taxed company profits into your own pension pot whilst claiming this as an allowable business expense against the company’s corporation tax. Making…

Last updated on June 17, 2022Cumbrian based TI Accountancy, who turned 20 earlier this year, are once again shaking up the accountancy sector by offering their employees a four-day work week, with each staff member receiving a biweekly four-day weekend. In offering this benefit TI Accountancy continues to lead the industry in employee welfare after…

Last updated on May 20, 2021Today a client asked me how to do Profit First type pots in his personal life. This has made me realise I’ve never really shared my experience of how I organise my personal finances in a profit first way. I was using several personal bank accounts years before I read…

Last updated on January 21, 2021As a UK accountant, when I moved to Spain, I thought I would be able to see my way through the Spanish tax system quite easily. But wow it’s like a minefield and I can’t get answers off anyone … I don’t think I’ll ever moan about HMRC ever again!…

Last updated on May 21, 2023Looking for a new accountant isn’t easy and should not be rushed.  You’re entering into a relationship that has to work for both of you. While researching new accountants please don’t fall for these common pitfalls … Don’t hire the first accountant you find Another mistake business owners make is…

Last updated about 2 months agoThroughout our 20+ years of business everyone at TI Accountancy have always looked for new ways to make the bookkeeping process as speedy as possible.  This not only makes sure we can get your management accounts to you as soon as possible but also keeps your bookkeeping fees cost effective….

Last updated on October 29, 2020 Here are 5 things your bookkeeper/ accountant should be doing to add value to your company:

Last updated on November 26, 2019With so many companies offering the option to buy their insurance online, it seems like an easy do-it- yourself job. But it isn’t as simple as getting a few online quotes and then choosing the option that offers the most competitive premium!! What is the purpose of an insurance broker?…

Last updated about 3 weeks agoI know, I know … Your tax return doesn’t have to be submitted until 31st January 2025, but there are 3 great reasons why you should bring them in now so I thought I’d share them with you …. Our self-assessment tax return prices start from £295+VAT, however, if you…

Last updated on October 25, 2022Why accepting the cheapest accountancy quote could be jeopardizing your business!! When we compile an accountancy quote proposal for a prospective client, sometimes we get a kind reply saying, “Thanks for the proposal, however we have gone with a cheaper quote” … this mindset reaffirms to me why so many…

Last updated on February 23, 2023 Well bookkeeping fees can be as little as £30 a month, or as much as £800+ a month. Why such a big difference in price? Let me explain, it’s quite simply due to every business having different requirements. But, to give you an idea of some prices, below a…

Last updated on May 24, 2022You are probably aware, there has recently been a number of ‘ransomware’ type of computer viruses called WannaCry, affecting users in many countries around the world. They caused disruption to many firms such as FedEx and many NHS trusts. It is believed to have led to 57,000 infections in 99…

Last updated on October 25, 2019 Good Afternoon, how’s things? I was updating our client contact details, googling and checking out your websites when I came across some great Google reviews! Did you know that more than 90% of consumers research online before contacting a company? This is proof that positive reviews are proving so…

Last updated on October 25, 2019Business or Personal Developments. Over the coming months there may be developments in your business or personal affairs where, if you tell us about them in advance, we may be able to help you to: Save time or money Get a better solution Avoid the risks and pitfalls Receive the…

Last updated on October 25, 2022We received this email from our HR partner and thought that it could be useful to everyone. If you need any help don’t hesitate to contact them on the information provided within the article. Hi Tracy I have recently reviewed an employment contract and not only does it contain the…