LHP Accountants

Building a Strong Relationship with Your Accountant. Having a good working relationship with your accountant is vital. Open communication about your financial needs and goals ensures you receive comprehensive and tailored advice. At LHP, we prioritise strong client relationships. Our clients can openly and confidentially communicate with us, seek advice, and ensure they are getting the most out of our services. Let us help you make the most of your financial opportunities! Get in touch today to see how we can assist with your financial needs and goals. 📧 info@lhp.co.uk. #financialgoals #financialneeds #confidentially #accounting #outsourcingaccountant #taxdeductions #accountingservices #strongrelationships

Tax Advisory drop in session at Scarlets today. 🏉 Education & Knowledge is key 🔑. Scarlets Rugby Having the right accountant to advise you on your best interests especially at the start of your career is essential to make sure that you are protecting yourself & your future. 👏🏻 If you are a young professional looking for advice get in touch & speak to one of our experts today, 📧 info@lhp.co.uk. #accountingknowledge #trustedadvice #rugbyplayers #rugbylife #taxplanning #taxexpert #accountancyfirm

We get asked all the time, how can an Accountant help my business save time? An accountant can play a crucial role in helping your business save time in several ways: 👉🏻Efficient Financial Management 👉🏻Tax Preparation and Planning 👉🏻Financial Reporting 👉🏻Streamlining Processes 👉🏻Budgeting and Forecasting 👉🏻Advisory Services 👉🏻Audit Preparation Overall, by taking on these responsibilities, accountants free up your time to focus on core business activities, driving growth and efficiency. Get in touch for all your accountancy needs to help take your business to the next level. 📧 info@lhp.co.uk #accountantslife ##businessdirectory #taxaccountant #makingtaxdigital #wealthofknowledge #wealthofexperience #expertservice #accountancy #accountants #expertaccountingservices

We specialise in industry expertise, from legal professions, to charities, motor & transport retail. Legal Professionals: LHP has a skilled legal services team that provides a diverse range of services. Though we are not limited to dealing with solicitors' account rules, we can provide law society audits that cover annual partnership accounts, partnership taxation, individual taxation, incorporation, and partnership tax planning. Our offerings include inheritance tax planning, capital gains advice, estate accounts, and trust returns for clients. Charities: We understand how daunting it can be to prepare your charity accounts, especially when there are new SORP or FRS 102 disclosure requirements to consider. That's why we make it our priority to take the hassle out of the process. Our team can prepare auditor and independent reports for both charities and housing associations, all while sticking to the budget and timeline agreed upon by you. Motor & Transport: We understand the need for a customised solution that is both cost-effective and practical for your business. Our services encompass a wide range of financial solutions, including preparing accounts, conducting audits, and providing tax advice tailored to your specific needs. We also offer guidance on essential aspects such as management accounts, VAT second-hand car schemes, and selecting suitable software for your business. As profit margins become increasingly narrow, it is crucial for business owners to have a clear understanding of their financial standing. Retail: We pride ourselves on our extensive knowledge of industry-specific concerns, gained through our work with clients from various sectors, such as restaurants, food businesses, hotels, clothing companies, pharmacies, and personal care enterprises. Our experience working with retail companies has provided us with a deep understanding of the unique challenges and demands of this industry. We recognise that timely, proactive guidance is crucial for sustaining and enhancing your financial standing. Get in touch for all your accountancy needs to help take your business to the next level. 📧 info@lhp.co.uk #accountantslife #wealthofknowledge #wealthofexperience #expertservice #accountancy #accountants #expertaccountingservices

You can always count on us. 👏🏻 As an accountant we can be instrumental in supporting your business growth through various means. Here’s how we can contribute: 👉🏻We offer valuable insights into your financial well-being by examining your revenue, expenses, and cash flow. This analysis helps you make informed decisions on investments, cost-cutting, and operational enhancements for increased profitability. 👉🏻We can aid in strategic tax planning to reduce tax burdens while ensuring compliance with tax regulations. By leveraging tax deductions, credits, and incentives, you can allocate more funds to reinvest in your business expansion. 👉🏻We can provide assistance in financial forecasting and budgeting, crucial for establishing achievable goals and monitoring progress. With their financial acumen, you can devise effective strategies that align with your business objectives and support sustainable growth. Having us as your accountant in your corner equips you with the financial knowledge and direction necessary to navigate the intricacies of business growth successfully. Get in touch to discuss our different services. 📞 01267 237534 📧 info@lhp.co.uk #accountantlife #accounting #trustedadvice #leadingaccountancyfirm #accountants #taxaccountant

Understanding the UK's Updated Audit Thresholds: What Businesses Need to Know. In a significant move aimed at reducing the administrative burden on businesses, the UK has increased its Company and group size thresholds. These changes will affect companies whose financial period begins on or after 6 April 2025, impacting micro-entities, small companies, and medium-sized companies. The recent changes are expected to reduce the number of companies needing statutory audits, but businesses should consider several key factors: ➡️Internal Controls: Strong internal controls are essential to mitigate financial risks and ensure accurate reporting. ➡️Growth Planning: Companies should prepare for potential statutory audit requirements as they grow. ➡️Business Sale: Independent audits may still be needed to assure buyers of financial health, adding value during sales. ➡️Other Statutory Requirements: Companies must continue to comply with other legal obligations, despite audit exemptions. ➡️Long-term Financial Health: Maintaining voluntary audits can enhance stakeholder confidence and provide insights into financial practices. In summary, businesses should assess their internal processes, growth strategies, and obligations to thrive in the evolving regulatory environment. Head over to our website www.lhp.co.uk to read our full blog. Need to Audit your business? Let's talk. 01267 237534 | carmarthen@lhp.co.uk #businessaudit #updatedauditthresholds #businessmanagement #accountingservices

Understanding the recent audit threshold updates in the UK is crucial for businesses today. This essential information can help you navigate compliance and safeguard your operations. Don’t miss out on what these changes mean for your business: https://wix.to/I929bZP #AuditThresholds #BusinessInsight

We specialise in industry expertise, from tourism and retail, to agriculture, engineering and construction. Agriculture: We are highly regarded in the farming industry for delivering exceptional value for money and providing excellent service. Our expertise and dedication to our clients have earned us a reputation as a trusted partner in the farming community. Tourism: We act on behalf of many tourism-related businesses, which gives us a unique insight into this industry, allowing us to provide fantastic client service levels. Our experience in representing a wide range of tourism-related businesses has given us invaluable knowledge of this industry. Land & Property: We understand the unique challenges faced by businesses operating in this sector and have adapted our services accordingly. Our goal is to help our clients achieve their financial objectives and we do this by providing expert advice and support every step of the way. Construction & Engineering: Accounting for building projects can be tricky. Payroll for example demands hard work and dedication to manage, with a mixture of ongoing full-timers, temporary staff, contractors and subcontractors. As a result, staff often change with each new project. We also support dental clients, legal professionals, charities, motor & transport, retail, media & internet as well as a range of other professionals. Get in touch for all your accountancy needs to help take your business to the next level. 📧 info@lhp.co.uk #accountantslife #wealthofknowledge #wealthofexperience #expertservice #accountancy #accountants #expertaccountingservices

It’s January 31st! Which of course is the deadline to file online tax returns & pay any tax due! Well done to all our staff for getting through January & all your extra hard work & getting all our clients tax returns submitted! 👏🏻 Just a reminder, filing late will usually result in an on-the-spot £100 fine and additional penalties are in place for inaccurate filings which vary depending on severity and whether it was deliberate. Late payment penalties can also be incurred and they can increase over time the later the liability is paid. Any questions don’t hesitate to ask us by 📧 info@lhp.co.uk. #taxadvisor #taxaccountant #taxexpert #selftaxassessment #taxreturn #taxpayments #onlinetaxreturn #hmrcpayments #taxprofessional #taxpreparation

3 Signs you need a New Accountant. 👇🏼 1. They’re only filing your year end accounts and nothing else. 2. They’re not proactive. 3. They’re not a tax advisor. We hear so many stories of people struggling to get in touch with their current accountants, and not receiving any valuable strategic advice. If you only talk to your accountant once a year to send him your figures, he/she isn’t helping you to save tax. At LHP Accountants we offer proactive advice and consultations all year round. We create long-term wealth building strategies for our clients. Get in touch for all your accountancy needs to help take your business to the next level. 📧 info@lhp.co.uk #accountantslife #taxaccountant #taxadvisor #makingtaxdigital #wealthofknowledge #wealthofexperience #expertservice #accountancy #accountants #expertaccountingservices