One Two One Accounts Ltd

As 2024 draws to a close, we want to thank all of our incredible clients for choosing our accounting services and being a part of our journey this year. 👏 None of our accomplishments would have been possible without your support. The team at One Two One wishes you all a Merry Christmas and a Happy New Year! We’re looking forward to seeing what 2025 has in store. 🎉

HMRC has issued a warning to self-assessment tax return customers to stay alert for scams ahead of the online filing deadline on the 31st of January 2025. Fraudsters have been targeting individuals with fake tax refund offers and demands for payment to steal personal and banking details. Key tips to avoid scams include: 🔹Never share personal or financial information with unknown contacts. 🔹 HMRC will NEVER request personal information via text or leave threatening voicemails. 🔹 Always check ‘HMRC scams advice’ on GOV.UK for guidance. If you encounter any suspicious activity from suspected fraudsters, report phishing emails to [email protected] and scam texts to 60599. Staying vigilant is critical to protecting your business from financial risk and potential data breaches. Contact us today and let our team of professionals handle your self-assessment tax return. #SelfAssessment #TaxAdviceNorthEast #TaxesNorthEast

The clock is ticking! 🕰️ The online self-assessment tax return deadline for the 2024/25 tax year is fast approaching. If you're self-employed, a freelancer, or have other untaxed income, make sure you file your return by the 31st of January 2025. Missing this deadline can lead to hefty penalties and interest charges. It's crucial to understand your tax obligations, gather all necessary documentation, and accurately complete your tax return to avoid these penalties. The team at One Two One Accounts is here to assist you. Our experts can prepare your tax return accurately, ensure timely submission, minimise your tax liability, and provide expert advice. Contact us today to secure your financial future. #TaxesNorthEast #TaxAdviceNorthEast #FinancialAdviceNorthEast

We’re taking a short break to recharge and enjoy the festive season! 🎄📆 Our office will be closed from Monday 23rd December at 5pm until Thursday 2nd January at 10am. We'll be back to help you with all your accounting, tax, bookkeeping, and payroll needs in the New Year. ⭐ #AccountingNorthEast #SMEAccounting #AccountingNewcastle

We’ve been visited by the Ghost of Christmas Past... 👻✨ At the start of December, the One Two One team worked their magic to create a Christmas window fuelled by pure nostalgia for the bodacious ‘80s for the Seaton Delaval Christmas Window Competition! Complete with Care Bears, classic games consoles, and even the Stay Puft Marshmallow Man, we had a cracking time putting this dazzling display together. 🎮📼 As always, it’s our pleasure to bring some festive cheer to Astley Road! 🎁🌟

HMRC’s updated Advisory Fuel Rates (AFRs) for company vehicles came into effect on the 1st of December 2024. The updated AFRs include changes to the pence per mile (ppm) rates. New rates based on fuel type include: 🔹 Petrol: Ranges from 12p to 23ppm. 🔹 Diesel: Ranges from 11p to 17ppm. 🔹 LPG: Ranges from 11 to 21ppm. 🔹 Electric: The electric-only rate (Advisory Electric Rate) is 7ppm. Rates vary by engine size and should be used to ensure fair reimbursement for fuel costs. Failure to use the correct AFRs could lead to tax complications, so it’s essential to stay informed and apply the appropriate rates. Contact our team today for support in staying compliant with AFRs. #AdvisoryFuelRates #TaxAdviceNorthEast #TaxesNorthEast

The online self-assessment tax return deadline is looming, but don’t let it cause you stress! 🕒📅 Our dedicated team is here to help you navigate the complexities of self-assessment tax returns. We'll guide you through every step, from calculating your income and expenses to submitting your return on time. Contact us today to book your consultation and ensure a stress-free tax season. #TaxesNorthEast #TaxAdviceNorthEast #FinancialAdviceNorthEast 

We’re proud to support the local creative community in Seaton Delaval! 🎭🎨 One Two One Accounts recently paid for an ad slot in the souvenir programme for Seaton Delaval Arts Centre’s brilliant pantomime Pinocchio, which ran from 29th November to 7th December. The proceeds from this ad slot are in aid of ensuring the Seaton Delaval Pantomime Society can continue to delight local families at the beloved entertainment venue. We’re truly honoured to contribute to the local arts and culture scene! 💖 #ArtsAndCultureNorthEast #TheatreNorthEast #NorthumberlandTheatre

We’re trading our calculators for some Christmas cheer! 🎄✨ The One Two One team will be heading to Utilita Arena to watch Paul Heaton as part of our Christmas celebrations. 🎶 We are looking forward to spending time together outside of the office and celebrating all the hard work the team has put in this year. We’ll be back on Tuesday to support you with all of your accountancy needs!

Are you planning on buying your employees Christmas gifts? 🎁 The festive season is the perfect time to show appreciation to your team for their hard work with thoughtful gifts. But before you put your Santa hat on, it’s important to understand the tax implications that come with spreading festive cheer in the office. Employee gifts can be taxable, depending on the type and value of what you’re giving. To ensure your generosity doesn’t come with unexpected surprises, here’s what you need to know before you start planning: 🔹 Gifts over £50 must be reported to HMRC with a P11D form or a PSA. 🔹 Cash bonuses will be taxable as earnings and should be added to the payroll for December. 🔹 Vouchers must be reported on a P11D form and Class 1 NI will be deducted through payroll. 🔹 Parties that exceed £150 per head are taxable. At One Two One, we can help to guide you through the season’s financial complexities, ensuring your gifts, parties, and payroll are fully compliant. Get in touch with a member of our team today and let us handle the paperwork so you can focus on celebrating! #TaxAdviceNorthEast #BusinessTaxNorthEast #EmployerTaxNorthEast