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Certified Accountant | Tax Coach | UK

@_accountstar

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👀 Ex-HMRC Accountant
💜 Tax Advisor for Founders & Creatives
📈 Helping businesses stay tax efficient
🚨 HMRC enquiries & Investigations|Tax planning

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Let me properly reintroduce myself 👋🏽

I’m Stella (Nneka)! An ACCA-qualified accountant, ex-HMRC insider, and your go-to when tax feels overwhelming.

Born and raised in Tottenham, proudly British Nigerian 🇬🇧🇳🇬
Founder of Accountstar & UK Black Tax Network
Passionate about financial education and helping SMEs stay compliant and profitable.

If you’re ready to understand your numbers instead of fearing them, then you’re in the right place 💁🏽‍♀️

Let me know what type of content you want to see from regarding UK finance and tax! by @_accountstar

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9 months ago

People keep sending me this post from @theshadeborough to ask me if it's true.
I can confirm that this is TRUE! Someone in the comments said HMRC are monitoring spirits...💀😩😩
Anyways guys be sensible about what you're posting because the UK is broke and the Government need money 😭😭
#taxes #hmrc #finance #money #business #taxnews #taxtips by @_accountstar

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a year ago

HMRC has more data than ever 👀

A recent tax case shows why it’s not enough for your VAT return to look right. Your sales, payment data and bookkeeping should also make sense together.

If there’s a difference, make sure you understand why and keep the evidence to back it up.

Because explaining a difference is one thing. Proving it is another. 👀

Not sure your records would stand up to scrutiny? Get in touch with Accountstar 📩

#Accountstar #VAT #HMRC #UKTax #BusinessOwners by @_accountstar

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15 days ago

Making Tax Digital is already here for some sole traders and landlords 👀

If you’re in MTD and earning over £50k, the next quarterly update is 7 November.

Missed the first one? Don’t panic. There are no penalties for quarterly updates during 2026/27, but you still need to submit them.

Use this first year to get your records and bookkeeping into a routine before the deadlines become more serious.

Not sure if MTD applies to you? Drop Accountstar a message 📩

#Accountstar #MakingTaxDigital #HMRC #UKTax #SoleTrader by @_accountstar

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17 days ago

Got a letter from HMRC? 📩 Don’t panic, but don’t ignore it either.

It could be a simple request for information, a reminder, or something that needs a response by a specific deadline.

The important thing is to read it, check the deadline and understand exactly what HMRC is asking for.

Not sure how to respond? Don’t guess. Get advice before the deadline becomes a problem. 👀

Got an HMRC letter you’re unsure about? Drop Accountstar a message 📩

#Accountstar #HMRC #TaxAdvice #UKTax by @_accountstar

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24 days ago

Paid for a business expense from your personal account? 👀

It’s easy to think, “I’ll record it later…” until you forget what the expense was for.

If you’ve paid for something personally but it was genuinely for your business, make sure you keep the receipt and record it properly. You may be able to reimburse yourself.

Small expenses add up, so don’t let your business miss out on costs you’ve already covered.

Need help keeping your bookkeeping in order?

📩 Drop Accountstar a message!

#Accountstar #Bookkeeping #SmallBusinessUK #BusinessExpenses by @_accountstar

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a month ago

“It’s my company… I can take the money out.” 👀

Yes, but how you take money out of your limited company matters.

Taking money without understanding the tax consequences can leave you with an unexpected personal tax bill, especially if your director’s loan account becomes overdrawn.

The takeaway? Don’t treat your business bank account like your personal account. 💷

Make sure you understand how money you take from your company should be recorded and taxed.

Director’s loan account looking a little 👀? Get in touch with Accountstar 📩

#Accountstar #DirectorsLoan #LimitedCompany #UKTax #SmallBusinessUK by @_accountstar

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a month ago

🚨 Could HMRC owe you a tax refund?

HMRC are reviewing over 100,000 tax returns after identifying an issue with how some tax liabilities were calculated.

This mainly affects people with multiple sources of income, such as:
💼 Employment income
💰 Savings interest
📈 Dividend income

The issue relates to how HMRC’s system applied certain allowances, meaning some people may have paid more tax than they should have.

Not every tax return is being reviewed automatically, so if your tax bill seemed higher than expected, it may be worth checking.

Think you may have overpaid? Drop Accountstar a message 📩

#Accountstar #HMRC #TaxRefund #UKTax #TaxTips by @_accountstar

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a month ago

Business booming? Love that for you 👏🏾 But have you checked your VAT position? 👀

VAT registration is based on your taxable turnover, not your profit, and it’s measured over a rolling 12-month period.

A sudden increase in sales, a new contract or a period of rapid growth could push you over the VAT threshold sooner than you expect.

That’s why keeping on top of your numbers throughout the year matters. Don’t wait until year end to realise you should have registered 😩

Need help understanding your VAT position? Drop Accountstar a message 📩

#Accountstar #VAT #SmallBusinessUK #BusinessGrowth #UKTax by @_accountstar

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a month ago

Your accounts say you made a profit… so where’s the money? 👀💸

Profit and cash flow aren’t the same thing, and understanding the difference is important when running a business.

You can be profitable on paper but still struggle with cash because of unpaid invoices, equipment purchases, loan repayments or other costs.

And a healthy bank balance doesn’t necessarily mean it’s all available to spend either!

The takeaway? Don’t just ask “Am I making a profit?” Also ask “Do I have enough cash for what’s coming?”

Need help understanding your business numbers? Drop Accountstar a message 📩

#Accountstar #CashFlow #SmallBusinessUK #BusinessFinance #AccountingTips by @_accountstar

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a month ago

🚨 If your accountant or tax adviser tells you to ignore HMRC letters… ask questions 👀

Two taxpayers were advised by their professional adviser to ignore HMRC notices relating to a pension scheme that had closed.

They followed the advice, but when HMRC took action, relying on their adviser wasn’t accepted as a reasonable excuse.

You should be able to trust professional advice, but if you’re being told to ignore HMRC, make sure you understand why and get that advice in writing!

Got an HMRC letter you’re unsure about? Drop Accountstar a message 📩

#Accountstar #HMRC #TaxAdvice #UKTax by @_accountstar

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a month ago

🚨 Having an accountant doesn’t mean you can switch off as a director!

A director recently tried to blame his accountant after HMRC found significant VAT under-declarations.

The issue was he controlled the bank account, raised the invoices and was involved in the finances.

Therefore the tribunal didn’t accept that he simply left everything to his accountant.

As a result he was ordered to pay a personal liability penalty of around £1.7m. 😳

The takeaway isn’t that you need to become a tax expert.

But you should understand what’s being submitted on your behalf, question anything that doesn’t look right and remember, limited liability doesn’t protect you from everything!

📩 Need support with your VAT, accounts or tax? Get in touch with Accountstar.

#Accountstar #HMRC #VAT #CompanyDirector #UKBusiness by @_accountstar

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2 months ago