One Two One Accounts Ltd

One Two One Accounts Ltd Helping Sole Traders and SMEs free up their time to focus on their business.

We're straight talking, face to face accountants who speak in plain English, hate small print, and put everything down in black and white.

If the thought of the January self-assessment deadline is already filling you with dread, take a deep breath, and drop u...
02/09/2026

If the thought of the January self-assessment deadline is already filling you with dread, take a deep breath, and drop us a message. 😊

For sole traders, leaving things to the last minute usually means late nights looking for missing receipts and invoices, and a lot of unnecessary stress!

Getting ahead of your tax return is easier than you think. Now is the perfect time to start gathering income records, expense receipts, and supporting financial documents.

By sorting your numbers early, you’ll avoid the January scramble, know your exact tax liability well in advance, and may even secure a rebate sooner.

Whether you're looking for one-off advice or want to hand the whole process over to a friendly team that handles over 100 tax returns a year, we've got your back.

61% of businesses in the UK now outsource part or all of their payroll – and for good reason! 👥 Payroll is one of the mo...
01/09/2026

61% of businesses in the UK now outsource part or all of their payroll – and for good reason! 👥

Payroll is one of the most time-consuming and complex aspects of accountancy. We work with numerous small businesses across the North East who try to do it all, and quickly lose out on valuable time they could be spending on their business.

From weekly and monthly returns and RTI submissions to calculating wages, National Insurance, and pension contributions, manual processes leave plenty of room for error.

By partnering with One Two One Accounts, you can:

Avoid investing in expensive payroll software/maintenance costs ✔️
Minimise compliance risk and HMRC penalties ✔️
Access expert advice from our friendly accountants ✔️
Free up valuable employee time ✔️

Give us a call to discuss your payroll needs. 📲

Have you found yourself staring at your finances lately and wondering where a receipt went, or what is happening in a ce...
28/08/2026

Have you found yourself staring at your finances lately and wondering where a receipt went, or what is happening in a certain bank account?

We work with small business owners every day, and we understand that you wear many different hats. We also know how easy it is for the numbers to slip when you're juggling so much.

Here are three classic warning signs that you need some support with your bookkeeping:

1. You’re chasing down receipts from months ago right before tax season
2. Transactions are piling up and there is no clear record of where they belong
3. You’re not sure what’s coming in versus what’s going out at any given moment

If this sounds familiar, we're here to give you a helping hand. Our straightforward bookkeeping support keeps you organised and fully informed.

If you're not ready to lose another weekend to dreaded spreadsheets, we can help you feel in control of your numbers. 🤝

Running your small business from a spare bedroom or handling work calls on your personal phone? 🏠📱 When it comes to busi...
26/08/2026

Running your small business from a spare bedroom or handling work calls on your personal phone? 🏠📱

When it comes to business expenses, many owners assume they can put mixed-use bills straight through their accounts. But if a purchase has a dual purpose (both professional and personal), HMRC rules mean you can only claim the identifiable business proportion.

Here are two common areas where small businesses slip up:

1. If you run your business from home, you can't claim your entire household utility bill. You need to calculate the amount based on your workspace and hours worked, or use HMRC's simplified flat-rate expenses if you're self-employed.

2. If your mobile bill is £50 a month but 40% of your usage is personal, only the 60% business element is tax-deductible. Failing to split mixed-use expenses is a quick way to trigger an HMRC compliance check!

Unsure whether your day-to-day purchases qualify as allowable business expenses? Check out our recent blog post where we dive deeper into the topic, or reach out for support from our team. Link to blog post in comments. 🔽

Salary vs dividends, what’s the difference? When structured effectively, taking advantage of your annual Dividend Allowa...
24/08/2026

Salary vs dividends, what’s the difference?

When structured effectively, taking advantage of your annual Dividend Allowance alongside your salary allows you to reduce personal tax liabilities while keeping your business completely compliant. So, what’s the difference between the two?

A salary is an amount of money paid to an employee or director of a business before corporation tax as part of an operating expense. It can be paid even if the company makes a loss of profit overall and it counts towards State Pension.

Dividends are payments made to company shareholders after Corporation Tax as a post-tax retained profit. Dividends can’t be paid unless the business has made a sufficient amount of profit and they do not count towards State Pension.

Every business has unique profit margins and personal income goals, so there is no ratio that fits every organisation.

If you want to make sure your remuneration strategy is structured as efficiently as possible, reach out to the team at One Two One Accounts today for a chat!

The UK government recently published a major package of HMRC consultations. While these proposals aren't law just yet, ...
20/08/2026

The UK government recently published a major package of HMRC consultations.

While these proposals aren't law just yet, HMRC consultations usually pave the way for future legislation. To help you stay ahead of the curve, here is a quick, jargon-free rundown of what’s on the table and how it could affect you:

• HMRC is proposing to collect PAYE and VAT automatically via Direct Debit rather than waiting for you to initiate payment.

• HMRC wants new powers to recover unpaid tax debts directly from business or personal bank accounts in instalments.

• A proposed criminal offence will target careless or reckless errors on tax returns.

• From April 2029, if you earn both PAYE income (like a salary or dividends) and file a Self Assessment, you’ll soon pay more of your tax liability during the tax year rather than facing a lump sum on 31st January.

• The UK has confirmed the Peppol network as its core digital standard for e-invoicing, with a mandate heading our way by 2029.

You don't have to navigate these proposed changes alone. If you need support with your upcoming tax returns, accounting software, or reviewing your cash flow, our friendly team can guide you.

Are you missing out on valuable tax savings that could be reinvested back into your business? Corporation tax relief all...
18/08/2026

Are you missing out on valuable tax savings that could be reinvested back into your business?

Corporation tax relief allows eligible businesses to deduct specific allowable expenses, investments, and industry incentives from their profits to lower their total tax bill. This can be game-changing for Research and Development projects as well as gaming, film, and other creative industries.

This is a reward for ambition and is used to support growth as it frees up capital, encourages commercial innovation, and makes strategic investments far more affordable.

Because eligibility rules and relief schemes continue to evolve, identifying every potential deduction can make a significant financial difference to your company’s cash flow.

You can read more about corporation tax relief on our website or get in touch to discuss your options!

Calling all small businesses! 👋 Want to know the secret to stress-free finances? Having an accountant who treats you lik...
14/08/2026

Calling all small businesses! 👋

Want to know the secret to stress-free finances? Having an accountant who treats you like a partner, not a number.

We’re your local here in Seaton Delaval and with 15 years under our belt, we’re ready to take the weight off your shoulders so you can focus on what you do best with your business.

Our expert team’s advice and support don’t stop at anything: bookkeeping, payroll, tax returns, and compliance. We assist with whatever you need, completely hassle free.

Finally, we know business doesn't always stop at 5 pm, which is why our flexible, out-of-hours support can be built around your schedule.

Ready for effortless accounts? Drop in for a chat with our team today!

I regularly speak to business owners who are paying more tax than necessary and watch significant chunks of their hard-e...
12/08/2026

I regularly speak to business owners who are paying more tax than necessary and watch significant chunks of their hard-earned profits go towards corporation tax.

Effective tax planning can help you maximise the reliefs to which you are legally entitled.

Here are four ways to maximise your position:

1. Directing company profits into a pension
2. Leveraging capital allowances and full expensing rules when purchasing business equipment or new tech
3. Claiming R&D relief if your business is developing new products, processes, software, or improving existing ones
4. Strategically timing salary and dividends, delaying invoicing where appropriate, and bringing forward eligible year-end expenses

If you need support with your tax planning and approaching tax compliance strategically, our team is here to help.

~ Jamie

If you earn over £50,000 from property or self-employment then your first MTD quarterly deadline is today. ⌛ The 7th of ...
07/08/2026

If you earn over £50,000 from property or self-employment then your first MTD quarterly deadline is today. ⌛

The 7th of August marks the very first deadline for Making Tax Digital for Income Tax (MTD for ITSA). If you are a landlord or sole trader with an annual income exceeding £50,000, your reporting routine has officially changed, moving from a once-a-year tax return to mandatory quarterly submissions.

Not quite at the £50,000 threshold yet, or wondering how the upcoming changes will affect your business down the line? Don't wait until the rules catch up with you. Get ahead of the curve and connect with our team today so you're fully prepared for the future.

Address

44 Astley Road, Seaton Delaval
Whitley Bay
NE250DG

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

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