Bracey's Accountants Limited

25/07/2025

20/11/2024

📢 What does the Autumn Budget 2024 mean for you?

Our expert accounting partners at Bracey's Accountants Limited have created a detailed guide to help you understand the key changes and their potential impact.

👉 Click the link to learn more and download the guide: https://thelettingexperts.uk/news/what-does-the-autumn-budget-2024-mean-for-you

15/10/2024

If you're a landlord or property investor you’ll likely face taxes at various stages of the property’s life cycle. In order to maximise the value of your investment, how many of these tax-saving strategies are you aware of?

As a landlord with an investment property, you’ll likely face taxes at various stages of the property's life cycle.

11/10/2024

With the imminent arrival of the October budget and the proposal for VAT on Private Schools, do you feel ready and informed for the potential changes? Learn more with our free seven-step plan ⬇️
https://www.braceys-accountants.co.uk/what-is-your-plan-if-labour-imposes-vat-on-private-schools/

27/09/2024

The team has a fantastic Day yesterday at Wyboston Lakes Resort. An annual get together of the full Bracey's Accountants team from across the UK.

A fantastic morning with Belbin® - The Team Role Company followed by a raft building challenge in the afternoon and an evening of fun and frivolities.

An awesome team!

19/09/2024

An Employee Ownership Trust aligns the interests of the company with its workforce, increasing engagement, motivation and helping employees become better committed to their company.
To find out more about setting up an Employee Ownership Trust and partnering with an accountancy firm, take a read of our latest blog post.

An Employee Ownership Trust (EOT) is a business structure that allows employees to collectively own a significant stake in the company.

02/09/2024

Management accounts are crucial for businesses of all sizes. Not only are they essential for strategic decision-making and financial clarity, but also ensuring transparent financial management to elevate business growth.

We've written an article on preparing management accounts and the benefits of partnering with an accountancy firm. You can read it here:

The essential steps to prepare management accounts and how partnering with a professional accountancy firm can add value to your business.

19/08/2024

Unlock the Power of Management Accounts for Your Business

At Bracey's Accountants, we know that understanding your financial performance is key to making informed decisions and driving growth. Management accounts aren’t just numbers on a page—they’re powerful tools that can guide your strategy, optimize your operations, and give you the confidence to take bold steps forward. That’s why we’ve put together a comprehensive guide on How to Prepare Management Accounts.

In this article, we walk you through the essential steps to creating management accounts, from selecting the right accounting system to analyzing KPIs. Whether you’re an SME or a larger enterprise, these insights will help you streamline your financial reporting and gain a clearer view of your business’s health.

At Bracey’s we are here to help you navigate the complexities of financial management so you can focus on what you do best.

Management accounts are financial reports produced to provide a clear and detailed picture of a company’s financial performance and position

09/08/2024

Wishing Joe Gauge lots of success in the coming season.

A huge thank you to Braceys Accountants for their kind sponsorship of Joe Gauge for the 2024/25 season.

22/02/2024

Great news for businesses using double-cab pick-ups. At the beginning of this week HMRC announced that the tax treatment would change from the 1st July 2024 to recognise Double Cabs as cars at the latest from July 2028, which would have significantly increased the tax cost of running one through a company. After industry feedback, HMRC have done a U-turn and will keep double-cab pick-ups (DCPUs) with a payload of one tonne or more classified as goods vehicles for tax purposes.

What This Means:

1) No Change in Tax Treatment: Double Cab Pick Ups retain their status as goods vehicles.

2) Stable Tax Benefits: Businesses continue enjoying favorable BIK and VAT treatments.

3) Future Legislation: The government commits to enshrine this treatment in the next Finance Bill.

This decision ensures tax simplicity and support for businesses relying on DCPUs. Keep leveraging these tax advantages for your business growth!

30/11/2023

Childminders and care providers often face complexities when managing their business expenses. However, there is good news! The HM Revenue and Customs (HMRC) and the Professional Association for Childcare and Early Years (PACEY) have collaborated to simplify expense rules specifically for you. Take advantage of this guide, which not only provides a breakdown of allowable expenses but also offers a more flexible approach to claiming them.

To ensure compliance with HMRC guidelines and maximise your claims, it’s important to maintain detailed records and seek advice from a financial advisor or accountant.
Read our article on this topic, which provides essential insights on allowable expenses and introduces new, more flexible ways to claim them. https://bit.ly/3GnfB7r

23/11/2023

Following the UK government's Autumn budget, there were some notable updates announced that could benefit sole traders and partnerships:

1. Abolishment of Class 2 National Insurance from 6 April 2024: This means an estimated tax saving of about £180 yearly for those paying Class 2 National Insurance.

2. Reduction in Class 4 National Insurance: The rate drops from 9% to 8%, potentially saving sole traders and partners up to £377 annually.

So, what do these announcements mean for you? It's a great opportunity for business owners to reinvest these savings back into their ventures, whether it's for growth, innovation, or sustainability.

Need help navigating these changes? Our team at Bracey's is always ready to assist you in understanding these updates and assisting your financial planning. Get in touch with us to explore how you can make the most of these new tax benefits.