Should You Buy or Lease Your Next Company Vehicle?

Now there’s a question that gets asked a lot. And like most things in accounting… it really depends. Here’s a breakdown of the differences between the two:- Buying (Outright or on HP/Loan) ✓ You own the vehicle✓ You can claim capital allowances (possibly 100% if it’s electric)✓ No mileage or wear/tear restrictions✘ Higher upfront cost✘ […]

📢 Are You Ready for MTD for Income Tax?

If you’re a sole trader or landlord earning more than £50,000, big changes are coming. From April 2026, you’ll need to follow Making Tax Digital (MTD) for IncomeTax. That means….. – Using digital software to keep records– Sending quarterly updates to HMRC– Submitting a final year-end declaration What Does This Mean for You? If you […]

💬 Trying to figure out what to charge for your product?

Pricing can feel like a bit of a guessing game – but it’s one of the most important decisions you’ll make as a business owner. Too high, and customers might walk away. Too low, and you could undercut your value – or your profits. So how do you find that sweet spot? Here are a […]

Do I always practice what I preach on here?

I’m afraid not Being tax efficient and strategic doesn’t always mean I follow my own advice! For example, I don’t have an electric car, even although it is the most tax efficient way of running a vehicle through your company. Why? For no other reason than at nearly six and half feet tall, I haven’t […]

HMRC to step up incentivisation for whistleblowers

The UK government is set to launch a new whistleblower reward scheme later in 2025, offering individuals up to 25% of the additional tax revenue recovered from their disclosures. This initiative aims to combat tax fraud and avoidance, particularly targeting large corporations, wealthy individuals, and offshore schemes. The move draws inspiration from successful models in […]

Focus on the picture, but like… zoomed out. 🧐

Running a business is like trying to build a spaceship while you’re already in orbit (not that I’ve ever tried that by the way!). But there’s always a leak to patch, a button blinking red, or someone floating off into the void (usually metaphorically… hopefully). It’s all too easy to get stuck in the day-to-day […]

We are now an ACCA practice!

It gives us great pleasure to announce that as of 1st May 2025, C.I.K. Accounting Solutions, Chartered Certified Accountants is a practising firm of the Association of Chartered Certified Accountants (ACCA). A proud moment for everyone in the team.

The human element in building a business

Accountants will focus on the numbers. That’s what we are trained to do after all. But very few accountants recognise the importance of the human element in running a business. And the danger of that is you are missing half the equation. I firmly believe that whilst you need to track incomings and outgoings, profit […]

Handpicked Accountants welcomes CIK Accounting Solutions

We are delighted to announce that CIK Accounting Solutions is verified as a Handpicked Accountant. Handpicked Accountants is a celebrated online directory that shortlists tried and tested accountants across the country, making the search for a high-performing, local accountant stress-free. This is a testament to our highly powered service that is trusted by companies far […]