# H2 Accounting

> Your Chartered Partner in Financial Confidence


## Posts

- [Coming in 2024: Making Tax Digital for Income Tax and Self-Assessment (MTD for ITSA)](https://www.h2accounting.co.uk/coming-in-2024-making-tax-digital-for-income-tax-and-self-assessment-mtd-for-itsa/): Big changes are on the horizon. After a series of delays (classic HMRC!), the rollout of Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA) is finally happening just not as originally planned. While the delay announced at the end of 2022 was frustrating for professionals like myself working hard to prepare clients, it’s now full steam ahead. I’ll be releasing a new blog post and infographic soon to help you get to grips with the changes. So, What’s Changing? From 6th April 2024, if your total self-employed income (not profit) exceeds £10,000, you’ll need to comply with the […]
- [The Ultimate Guide to Efficient Payroll and Accounts Management for SMEs](https://www.h2accounting.co.uk/the-ultimate-guide-to-efficient-payroll-and-accounts-management-for-smes/): Managing payroll, invoicing, and vendor payments can be overwhelming for small business owners. But with the right support and systems, you can keep your finances accurate, efficient, and stress-free. 1. Why Payroll Management Matters Late payroll or benefit errors can lead to employee dissatisfaction and compliance issues.Our Solution: We handle payroll processing, tax reporting, payslips, and compliance—accurately and on time, every time. 2. Managing Payables & Receivables Unpaid invoices and late vendor payments affect cash flow and reputation.What We Offer: 3. Tools that Simplify the Process Using platforms like QuickBooks helps automate and streamline your financial processes.We offer: 4. Why […]
- [Top 5 Tax Mistakes Sole Traders Make – And How to Avoid Them](https://www.h2accounting.co.uk/top-5-tax-mistakes-sole-traders-make-and-how-to-avoid-them/): Running your business as a sole trader gives you independence, but it also comes with financial responsibilities—especially when it comes to tax.Here are the most common tax mistakes sole traders make and how you can avoid them to stay compliant and protect your profits. 1. Poor Record-Keeping Not tracking income and expenses properly leads to errors and missed deductions.Tip: Use cloud accounting tools like QuickBooks or hire a professional bookkeeper to keep your records clean and audit-ready. 2. Missing Filing or Payment Deadlines Late submissions can result in HMRC penalties and unnecessary stress.Tip: Mark the Self-Assessment deadline (31st Jan) and […]
- [Is Your Business Ready for an Internal Audit? Here’s What You Need to Know](https://www.h2accounting.co.uk/is-your-business-ready-for-an-internal-audit-heres-what-you-need-to-know/): An internal audit isn’t just for large corporations—it’s a smart tool for any business looking to grow, reduce risk, and improve operations.Here’s why an internal audit can be a game-changer for your company. What is an Internal Audit? It’s an objective review of your internal controls, risk management, and governance processes. It helps identify inefficiencies, financial leaks, and areas for improvement. Why Your Business Might Need One: Benefits of Internal Audit ✅ Identifies financial risks before they become costly✅ Improves efficiency and decision-making✅ Enhances investor confidence✅ Prepares your business for sustainable growth Why Choose Us? With over 10 years of […]

## Pages

- [Power Hour](https://www.h2accounting.co.uk/power-hour/): Power hour Be confident with your money Unsure whether you’re claiming for all your expenses correctly? No idea how to get the best out of your accounting software? A bit nervous doing your self-assessment tax return? Confused setting up a business or starting out as self-employed? Questions about MTD for ITSA or wondering if it even applies to you? Bamboozled by HMRC & Companies House or freaked out by fines? Why Book a Power Hour? Get clear, confident answers to your accounting questions without wasting hours Googling, watching YouTube tutorials, or digging through confusing software FAQs. This one-on-one Power Hour […]
- [Contact](https://www.h2accounting.co.uk/contact/): Get started with H2 Accounting Request a quote using the form below Here’s how you can reach us. Tell us a bit about your business, what services you are interested in, and we’ll get back to you within the next few days! Name Email Phone Number What will the accounting be for? For Personal AccountsFor Business AccountsBusiness – Sole Trader AccountsOther What is your approximate annual income before tax? Up to £20k£20k-£30k£30k-£50k£50k-£100kOver £100kPrefer not to sayOther Which accounting services do you need? AuditingBookkeepingManaging accounts receivable and payablePreparing financial statementsPreparing tax returnsTax advice (e.g Capital Gains, Inheritance)VAT ReturnsPayrollPensionOther How do you […]
- [Services](https://www.h2accounting.co.uk/services/): Customized Financial Solutions to Simplify and Strengthen Your Business Our Services Accounting & Bookkeeping We meticulously record every financial transaction through bookkeeping, ensuring your records are accurate and up-to-date. Our accounting services then analyze and interpret this data to provide you with clear insights and comprehensive financial reports. Quickbooks Support We provide discounted QuickBooks subscriptions, training, account clean-ups, catch-up bookkeeping, and diagnostic reviews to keep your finances organized and accurate. Operations Development Operations Development We enhance your team’s skills with specialized training in accounting and operations management. Our Operations Development service equips both management and staff with the knowledge to excel and drive […]
- [Updates](https://www.h2accounting.co.uk/updates/): The Ultimate Guide to Efficient Payroll and Accounts Management for SMEs Managing payroll, invoicing, and vendor payments can be overwhelming for small business owners. But with the right support and systems, you can keep your finances accurate, efficient, and stress-free. 1. Why Payroll Management Matters Late payroll or benefit errors can lead to employee dissatisfaction and compliance issues.Our Solution: We handle payroll processing, tax reporting, payslips, and compliance—accurately and on time,… Top 5 Tax Mistakes Sole Traders Make – And How to Avoid Them Running your business as a sole trader gives you independence, but it also comes with financial […]
- [Home](https://www.h2accounting.co.uk/): We’re Here To Streamline Your Finances and Focus on What Truly Matters Ready to save time and reduce stress? Let us handle your financial operations so you can concentrate on growing your business and supporting your team, while we manage the numbers behind the scenes. Learn More About Me I am a qualified Chartered Accountant with the ICAEW, bringing over 10 years of experience in accounting and finance, including a significant tenure at KPMG. I have conducted internal audits across the globe, gaining insight into the diverse challenges companies face. My focus is on delivering solutions that drive efficiency, improve […]
- [Privacy Policy](https://www.h2accounting.co.uk/privacy-policy/): Privacy Policy H2 Accounting Limited Effective Date: 1st July 2025 At H2 Accounting Limited, we are committed to protecting your privacy and ensuring the security of your personal information. This Privacy Policy outlines how we collect, use, and protect your data in compliance with the UK General Data Protection Regulation (UK GDPR) and the Data Protection Act 2018.  1. Who We Are H2 Accounting Limited is a UK-based accountancy practice regulated by the Institute of Chartered Accountants in England and Wales (ICAEW) for Anti-Money Laundering (AML) supervision. Registered Address: 124 City Road, London, EC1V 2NXCompany Number: 13966926Data Controller: H2 Accounting […]


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