Derek Blair

MTD IT IS COMING 😱 Making Tax Digital for Income Tax (MTD IT) is the biggest change to the UK tax system in decades 🤒 From April 2026, sole traders and landlords earning over £50,000 must keep digital records and submit quarterly updates to HMRC using compliant software ✅ (PS Dext have one of those compliant softwares called Dext Solo 😂 ) As an accountant or bookkeeper, MTD IT is going to change how you price services, engage clients and manage workflows, its a lot! 🤯 But MTD IT is also about opportunities, not just obligations 🫡 The MTD Oracle (AKA Paul L.) has produced a top tier guide for free for you to use to get your head around whats to come 🤩 Interested? Link in comments! 🥳 PS Nick Charnley my good pal also works in tax and is my pal in the picture 🥸 #mtd #mtdit #hmrc

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What would you do if you only had £23,000 in the bank and you need to sort payroll? A client payment you were relying on is now late? 😱 This is how cashflow spirals start. Not with huge losses, but with timing and guesswork. Chances are, if you’re a good business owner, you’d never let it get to that point, but here’s how you can stay far removed from it. Tomorrow, I’ll show you how to build a simple 4-week rolling cashflow. No complex formulas just visibility. 👀 Watch this space.

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Yesterday another accountant asked me a question I get a lot: Liam, how have you scaled Elevate so quickly for an accountancy business?” The truth is, it hasn’t been one magic trick, it’s been layers of strategy, focus, and execution. Here are a few things that made the difference: Processes first. We’ve streamlined everything from onboarding to sending out work for approval. A strong foundation lets you scale without the chaos. Client experience at the centre. We set an internal benchmark to respond to clients within 4 working hours. We run surveys, webinars, tax planning updates, and regular check-ins. Clients can reach us in multiple ways, and we make sure they feel heard. A high performing team. Every team member knows their KPIs, their responsibilities, and most importantly cares about our clients’ success. No one likes to see a client struggle, and that shows in the work. Pricing for value, not competition. We didn’t undercut others just to win business. Instead, we looked at the value we provide and priced accordingly. Niche expertise. We’ve developed specialisms in franchising, care, property, professional services, and influencers. Helping us stand out in a crowded market. The result? We’ve achieved 20 years of growth in just 2 years. Of course, there’s always a bit of luck in the mix. But mostly, it’s been strategic planning, hard work, and a relentless focus on doing things properly. Scaling an accountancy business is possible, but only if you build with intention.

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“Cash is tight! Can you send over a cashflow forecast?” Cue panic. What do you even include? Where do you start? 1. I’d start with Xero’s Cash Summary report It’s simple but powerful. Shows cash in and out, by category. Run it monthly for the last 6–12 months. Spot patterns, peaks and troughs and non P&L items 2. Know your Working Capital how much cash is tied up in your day-to-day operations. It’s: 👉 Debtors (what you’re owed) 👉 CIS 👉 Stock 👉 Creditors (what you owe) 3. Build a 13-week rolling forecast Don’t forget Loan repayments. Update it weekly and adjust as real numbers land. Helps you spot shortfalls before they hit. 4. Understand your Cash Conversion Cycle How long does it take for £1 spent to turn into £1 received? 5. 5 daily must knows ✅ Cash at bank ✅ Cash expected in next 7 days ✅ Payments due out in next 7 days ✅ Aged debtors - who owes you, how late ✅ VAT and PAYE liabilities building up Review Your cash break-even point Cash balances don’t lie. Abbeygate Accountancy #NewFashionedAccountants

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