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Wise Owl Accountants

@wiseowlaccountants

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📍 Located in Devon, Operating Nationwide
☎️ 01392 590045
📩 [email protected]
📌 Book your FREE consultation today👇🏼
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🎾 Next Padel Social Club Event proudly sponsored by @wiseowlaccountants – Sunday, 8th June! 🎾 We’re back with another exciting day at The Padel Social Club – and this one’s set to be a belter! 💥 🗓️ Date: Sunday, 8th June 📍 Location: Torquay Tennis Club 🍔 Hot food & drinks provided! 🧾 Limited spots – only 8 pairs per session! Event Schedule: 🔹 12pm – 3pm 👉 0-5 Combined Pair Playtomic Rating 🔹 3pm – 6pm 👉 5+ Combined Pair Playtomic Rating ⚠️ Only 8 spaces per tournament – first come, first serve! 📋 Register now by completing the form below: https://forms.gle/bum7CP5cc5eM2rp17 Don’t miss your chance to meet fellow padel lovers, play competitive games, and enjoy some great food & drink. See you on court! 🙌 #thepadelsocialclub by @wiseowlaccountants
A month ago, I took on a new client who had reached the point where they simply didn’t know where to turn with their finances. They had been with their previous accountant for years, but for the past year, they hadn’t been properly looked after. Thousands of unreconciled transactions. Overdue accounts. Countless phone calls to their accountant - and every time, being passed from one person to another, only to hear: “I’m not sure, I’ll have to ask X, Y or Z.” Every. Single. Time. To make matters worse, they were being chased by debt collection agencies for overdue tax liabilities and late filing penalties they weren’t even aware of. The situation was causing them a huge amount of stress. They had no clear idea what was outstanding, what needed to be dealt with, or whether anything was actually being taken care of. Fast forward one month, and we’ve completely changed the picture. ✅ Overdue accounts filed ✅ Bookkeeping fully reconciled and brought up to date ✅ Employment Allowance claim backdated ✅ Over £9,000 in National Insurance recovered ✅ Late filing penalties appealed ✅ No more debt collection calls But the biggest win? My client can finally sleep at night knowing everything is in hand. No more chasing. No more being passed person to person. No more wondering what’s been missed. Just clarity, confidence and the peace of mind that comes from knowing someone is actually taking care of it. Because good accountancy is about more than just numbers - it’s about knowing someone has your back🩵 by @wiseowlaccountants
Taking money from your company doesn’t mean it’s yours to keep💼💸 If you’re a limited company director, keeping your Director’s Loan Account in check is key. Poor tracking can lead to unexpected tax bills from HMRC🚨 ✅ Record every transaction ✅ Understand what needs repaying ✅ Stay complaint with HMRC Unsure where your Director’s Loan Account stands? That’s where we come in🤝🏼 DM us “DLA” and let’s make sense of your Director’s Loan Account📩 #accountantuk #accountantdevon #limitedcompany #taxadvice #taxhelp by @wiseowlaccountants
🚨Big news… HMRC has increased the approved mileage allowance from 45p to 55p per mile for the first 10,000 business miles in your own vehicle, and the change has been backdated to April 2026👀 Limited company owners… this means: Drive 10,000 business miles? You can now claim £5,500 completely tax-free through your limited company, instead of £4,500 - that’s an extra £1,000 you can claim💷 After the first 10,000 miles, the rate remains 25p per mile. No Income Tax✅ No National Insurance✅ Just a tax-free reimbursement for your business miles. If you’re travelling beyond your normal commute - whether it’s between job sites, visiting clients or running work-related errands - this applies to you. Sole trader? The increased mileage rate can also apply, but it’s claimed differently as a business expense🚗 DM me “MILEAGE” if you need help making sure you’re claiming everything you’re entitled to📩 #accountantsuk #accountantsdevon #mileage #taxadvice #businessowner by @wiseowlaccountants
HMRC has just made a costly mistake even more expensive🚨 Late filing penalties for Corporation Tax have now doubled📈 Which means missing your deadline doesn’t just cause stress - it hits your business twice as hard💸 1 day late? Now £200. 3 months late? Now £400. 6 months late? HMRC will estimate your Corporation Tax bill and add a penalty of 10% the unpaid tax. Still 12 months late? Another 10% of any unpaid tax If your tax return is late 3 times in a row, the £200 penalties are increased to £1,000 each‼️ And here’s what most people don’t realise, you can still be fined even if you owe ZERO tax🤯 The problem? Most businesses don’t miss deadlines on purpose… It’s usually down to: 📂 Poor organisation ⏳ Leaving things too late 🤝🏼 Or not having the right support But with penalties now higher than ever, avoiding late filing is more important than ever⚠️ DM us “TAX” if you want support with your Corporation Tax returns📩 #accountantuk #accountantdevon #taxadvice #corporationtax #taxreturn by @wiseowlaccountants
☀️A temporary VAT reduction could mean significant savings for businesses in the hospitality, leisure and entertainment sectors this summer. 🎢If your business supplies eligible children’s meals or operates attractions and entertainment venues, it’s important to understand whether the reduced 5% VAT rate applies to you. ✅Getting the VAT treatment correct can help you remain compliant while making the most of available reliefs. DM us “SUMMER” if you need advice on whether your business qualifies📩 #accountantuk #accountantdevon #taxadvice #hospitality #summer by @wiseowlaccountants
A lot of business owners think they have a money problem… when in reality, they have a clarity problem👀 If you don’t know your numbers, you’re relying on: Your bank balance💳 Rough estimates🤔 Or just hoping everything adds up🤞🏼 And that’s where mistakes start to happen. You need to know: 💸 What’s coming in 🧾 What’s going out 📊 What you’re actually keeping Because once you understand your numbers, everything changes: ✅ You make decisions based on facts, not guesses ✅ You spot problems early ✅ You plan ahead for growth or tax ✅ You start running your business with intention That’s when your business starts to feel easier - and more profitable💰 DM us “CLARITY” to get on top of your finances📩 #bookkeeper #bookkeeping #businessadvice by @wiseowlaccountants
Bookkeeping mistakes can quietly cost your business more than you think💸 Most business owners don’t realise they’re making them until it’s already affecting cash flow, tax bills, or decision-making📉 Swipe through to see the 5 most common bookkeeping mistakes business owners make😳 DM us “FINANCES” if you need help getting your bookkeeping under control📩 #bookkeeping #bookkeeper #businessadvice by @wiseowlaccountants
You’re making money… so why does it feel like you’re not?🤯 Because it’s not about what you earn💷 It’s about what you keep📈 Most business owners focus on bringing more in - more sales📊, more clients👥, more growth🚀 But behind the scenes? Money is going out just as fast💨 Expenses add up🧾 Tax gets overlooked🚨 And suddenly, the numbers don’t match how hard you’re working The result: You’re doing “well” on paper… but it doesn’t feel like it😬 That’s where understanding your finances changes everything✅ DM us “FINANCES” if you want help getting clarity📩 #accountantdevon #accountantuk #business by @wiseowlaccountants
Happy New Years from Wise Owl🦉🥳 To kick-start the year, we’re offering limited companies their first month free🎁 📊 Expert accounting tailored to your business 💡 Smart financial decisions made easy ✅ Compliance and deadlines handled Reach out to get started - stress-free accounting is just a DM away🕊️ Offer expires: 8 January 2026⏰ #accountantuk #accountingservices #limitedcompany by @wiseowlaccountants
🏗️ CIS VAT Reverse Charge: What you MUST know👷🏽 The VAT domestic reverse charge was introduced in March 2021 to combat VAT fraud. In essence, the supplier no longer receives VAT from their customer and then pays this VAT to HMRC; instead, the customer accounts for this VAT directly to HMRC. 📌 When it applies: 👷🏽 Both parties are VAT-registered 🧱 The work is within the CIS scope 🚫 The customer is NOT an end user 📌 How it works: ❌ Subcontractor does NOT charge VAT 🧾 Invoice must show the reverse charge applies 🔄 Contractor accounts for the VAT on their VAT return (as sales and purchase VAT) 💸 Subcontractors may see reduced cash flow as they no longer collect VAT Getting it wrong can mean delayed payments and HMRC queries. Need help staying compliant? Drop us a message📩 #construction #accountantsdevon #taxadvice by @wiseowlaccountants
“Yes - but here’s what you need to know👇🏼” 💼 Example: Your spouse handles the admin, marketing and customer support. You decide to pay them £12,570 per year. 📌 How it works: ✔️ Utilises your spouse’s personal allowance ✔️ Reduces your company’s taxable profit ✔️ Shifts income from your higher tax bracket to theirs ⚠️ Rules: 🧾 The job must be genuine 💸 The salary must be fair and reflect the role 📑 Must keep proper payroll records 💡 Benefit: more household income + business stays compliant✅ #familybusiness #limitedcompany #taxsavings by @wiseowlaccountants

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