Taking your business to the next level.

What We Do.

At LHP Accountants we provide a wide range of accounting services, from bookkeeping to tax preparation.

We work closely with our clients to ensure that their accounts are accurate and up to date.

Our team of professionals are highly experienced and knowledgeable, and offer sound financial advice tailored to your individual needs.

We strive to make the accounting process as stress-free as possible, providing our clients with an efficient and comprehensive service.

Our commitment is to provide the highest quality of service, while offering the best value for your money.

Contact us today to see how we can help you.

View Our Services Here

Who We Help.

At LHP Accountants, we strive to provide one of the best financial services, tailored to our clients’ individual needs.

Our team of experienced professionals is dedicated to delivering the highest standards of service, and has extensive knowledge and experience of working with different sectors of the business'.

We are committed to ensuring that our clients have access to the latest in financial advice, and our friendly, knowledgeable team is always on hand to help with any queries or concerns.

Let us help you make the most of your finances and ensure your financial success.

See Who We Help

Our Charity of the year.

Tŷ Hafan

Tŷ Hafan, where children with a life-shortening condition are supported with the compassion and specialist care they and their family need.

Learn More about Tŷ Hafan

Careers

Join LHP Accountants

At LHP Accountants, we understand the importance of having the right team of professionals.

We believe that the best way to succeed is by having the right team.

That’s why we’ve created a culture of collaboration and support.

Join us today and take your career to the next level.

Give us a follow.

Our offices will be closed on Good Friday, April 18th, and Easter Monday, April 21st, during the bank holiday weekend. We’ll reopen on Tuesday, April 22nd. Wishing you a happy bank holiday from all of us at LHP. 🐣

HMRC recently unveiled new plans to the way in which people with ‘side-hustles’ can declare their income. Currently, if you earn above £1,000 from income ranging from selling clothes online to dog walking then you need to fill in a self assessment tax return.

The proposed changes – which will take effect by end of 2029 – will mean that this threshold is raised to £3,000. Although tax will still be due on anything above £1,000, for those earning between £1,000 and £3,000 HMRC intends to launch a simplified online platform to declare and pay any tax owed without need to complete a full Self Assessment form.

HMRC estimate that this could help up to 300,000 tax payers by no longer needing to fill in a tax return. An estimated 90,000 of them will have no tax to pay and no reason to report their trading income to HMRC in the future at all. Others will be able to pay any tax they owe through the new simple online service.

There are no concrete dates set, and for now this is the only information we have been told about the new regime.

Speak to us if you’re not sure about anything, contact us 📧 info@lhp.co.uk.

3 Signs You Need a New Accountant. 👇🏼

1. They only file your year-end accounts and nothing else.
2. They’re not proactive.
3. They’re not a tax advisor.

We hear countless stories of people struggling to reach out to their current accountants and not receiving any valuable strategic advice.

If you only communicate with your accountant once a year to send them your financial figures, they’re not helping you save tax.

At LHP Accountants, we provide proactive advice and consultations throughout the year. We develop long-term wealth-building strategies for our clients.

Contact us for all your accountancy needs to help elevate your business to new heights.

📧 llandovery@lhp.co.uk.
📞 01550 910910.

Paying Corporation Tax as a Small Business.

Corporation tax, similar to income tax but specifically for limited companies, is the method by which these companies pay taxes on their profits. If you’re a sole trader or self-employed, you’ll instead pay income tax, which we’ll discuss later.

Limited companies are obligated to pay corporation tax not only on their profits but also on any income from investments or sales of assets, such as property or company shares.

Swipe across to grasp the key aspects of corporation tax. Small business owners can ensure they meet their tax obligations efficiently and avoid potential penalties by consulting a financial advisor or tax professional if needed.

Need advice? Book a chat today with one of our experts & see the difference the right advice can make!

Want to save your business money and avoid costly mistakes? Good tax advice is key. Speak to Rachael Ball at LHP Accountants — she’ll help you plan smart, stay compliant, and make sure you’re not leaving money on the table.

Book a chat today and see the difference the right advice can make!

#taxexpert #taxexperts #taxaccountant #taxpreparation #taxconsultant #taxplanning

Are you a self-employed subcontractor working under the Construction Industry Scheme (CIS)? If so, you may be due a self-assessment tax refund.

As the tax year ending on April 5, 2025, approaches, completing your self-assessment tax return promptly offers numerous advantages.

Head over to our website to read Iwan Morgan’s blog, one of our Associate Director’s, where he discusses the significance of CIS subcontractors organising their records early and how this proactive approach could lead to financial benefits.

At LHP, we can help ensure all allowable items are included in your tax return for optimal tax relief, assist in organising income and expenses, and provide tax advice. Acting as your accountants, we can ensure compliance and reduce the risk of HMRC enquiries and penalties.

For self-employed CIS subcontractors facing 20% or 30% deductions, early submission of self-assessment tax returns is beneficial, leading to faster refunds and better financial planning.

Avoid the January rush by organising records early.

Contact the team for tailored advice or questions about these changes. 📧 info@lhp.co.uk.

#constructionlife #selfemployedlife #selfemployment #selfassessment #taxrefund #subcontractor #financialmanagement #taxadvice

.pro-gallery-wix-wrapper {display: block !important;} .pro-gallery-wix-wrapper .gallery-item-container {opacity: 1 !important; display: block !important;}