Helping businesses earn more, pay less tax, allowing you to live the life you want
Chartered Accountants on the outskirts of York
Chartered Accountants in York
As business owners ourselves we know the frustration, stress, and sleepless nights caused by running a business, managing a team, and keeping track of what taxes are due.
At Inglis, we save you time, stress and money by helping you stay in control of your business and maximising your tax reliefs. We are more than just an accounting firm, we support you and your business in the long term, and help you achieve your business and life goals.
Net Zero Accounting
Inglis have proudly reached the first level of certification to becoming a Net Zero business, working with climate action platform, Net Zero Now.
A Force For Good
Whilst profit, tax and cash is important to us, we support several good causes including Wetwheels Yorkshire, York Mind, and Kitchen For Everyone York.
Popular services
At Inglis, we offer a range of accounting services to help your business grow and thrive
Virtual Finance Director
Leave us to manage the finance function of your business so you can concentrate on the day-to-day running of your business. As your Virtual Finance Director, we will be a sounding board you can bounce ideas off, as well as acting as your business coach and working alongside you to ensure you meet your business goals.
Management Accounts
Do you know how much money is coming in and going out of your business on a day by day, week by week basis? In order that you can make informed decisions to manage your business better, we offer a management accounts service that will help you keep on track of your company's numbers.
Bookkeeping
As you grow your business the number of transactions you complete can quickly add up and bookkeeping can become a daunting and endless task. We offer an out of house bookkeeping service so all you need to do is pass us your sales invoices and receipts and we will do the rest.
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32 Ways To Save Tax and Extract Maximum Value From Your Business
Ever wonder what you can take out of your business or how you can save more tax? This guide explores 32 ways of ensuring that you’re maximising every opportunity you could be to improve your life, your families and your employees.
Latest Blog Articles
The chancellor has delivered the Autumn Budget, confirming a wide range of tax and spending measures that will shape household finances and business planning over the coming years. Much of the detail had been hinted at in advance (or leaked!), but the final statement provides a clearer picture of where costs will rise and how long-term tax policy is shifting. Here is a summary of the key announcements. Wage increases from April 2026 The National Living Wage for over-21s will rise to £12.71 per hour in April 2026. Rates for 18 to 20-year-olds will increase to £10.85 . Anyone employing staff at or near the minimum wage will see payroll costs rise, and individuals working on lower incomes will see an increase in take-home pay. Tax thresholds frozen for longer Income tax and National Insurance thresholds will remain frozen until 2031 . As earnings increase over time, more people will gradually move into higher tax bands, resulting in higher overall tax liabilities. Employer National Insurance thresholds are also frozen until 2031, increasing employment costs as wages rise. Changes to dividends, savings, and property income Several tax increases were confirmed: Dividend tax rates will increase by 2 percentage points from April 2026 Income tax on savings and rental income will rise by 2 percentage points from April 2027 Individuals receiving dividends, interest, or rental income should review how these changes affect their overall tax position. Pension salary sacrifice capped From April 2029 , the amount of salary that can be sacrificed into a pension free of National Insurance will be capped at £2,000 per year . This affects both employees and employers who use salary sacrifice to reduce NI costs. Cost changes for imported goods From 2029, the current tax exemption for goods imported from overseas worth under £135 will be removed. Any imported low-value items, including online purchases shipped from outside the UK, will become subject to VAT and potentially other charges. Changes to duties on alcohol, tobacco, and sugary drinks Alcohol duty will rise in line with RPI from 1 February 2026 Tobacco duty will increase by 2% above RPI From January 2028 , the sugar tax will be extended to pre-packaged milk-based drinks , including bottled milkshakes and lattes These measures will increase the price of certain consumer products over time. Fuel duty frozen until September 2026 The current fuel duty freeze, including the 5p cut, will remain in place until September 2026 . After that, rates are expected to rise gradually over a six-month period. A new mileage-based tax for electric and plug-in hybrid vehicles will also be introduced from April 2028 . Support for apprenticeships and training Apprenticeship training for under-25s will be funded in full for small and medium-sized employers. The aim is to help more young people into work and support employers with training costs. Household and personal finance measures Several measures will influence everyday household budgets: The state pension will rise by 4.8% under the triple lock The cap restricting child-related benefits for a third or subsequent child will be removed from April Green levies will be taken off energy bills, with the Treasury estimating a saving of around £88 a year NHS prescription charges in England remain frozen at £9.90 for another year These changes will affect disposable income, energy costs, and household spending power. Housing and property tax updates Homes in England valued above £2 million will face a new annual council tax surcharge of £2,500 to £7,500 , based on updated valuations. Other property-related measures include: Higher income tax on rental profits (from 2027) Extended support for Help to Save accounts beyond 2027 Economic outlook from the OBR The Office for Budget Responsibility projects: UK growth of 1.5% in 2025 Average growth of 1.5% per year between 2026 and 2029 Inflation expected to fall to 2.5% next year and reach the 2% target in 2027 These forecasts form the backdrop for many of the Budget’s long-term policies. What this means overall The Autumn Budget sets out a clear direction: rising wage costs, higher taxes on income and investments, and increased duties across several consumer goods. Alongside this, there are pockets of support such as apprenticeship funding, a continued fuel duty freeze, and measures aimed at easing household bills. Both individuals and businesses should take time to understand how these changes affect their financial planning from 2026 onwards. How we can help We give clear, useful advice to clients all over the UK on taxes, payroll, forecasts, and long-term planning. If you would like a personalised review of how the Autumn Budget affects you or your business, please arrange a meeting with Donald Inglis .
Starting, building and growing your own small business is a hugely rewarding experience for many entrepreneurs. But the road ahead isn't always smooth. There are common challenges that crop up and ongoing issues that need to be factored into your business plan, your strategy and your own personal thinking. So, what can you do to beat these challenges and make the journey as frictionless as possible? 5 proactive ways to overcome your business challenges We’d all love to know what lies around the corner when it comes to the future path of your business. The truth is that every business journey is unique. But there are common challenges that every owner-manager or CEO will be faced with – and being prepared for these hurdles is the best way to leap over them and take each challenge in your stride. We’ve highlighted five common challenges and the simple ways to overcome them: Uncertainty No-one has a crystal ball to know exactly what's coming around the corner. But there are ways to be prepared for some unknown circumstances. You can't fully predict the main external threats like government policy, economic conditions or freak weather conditions. But you CAN use forecasting and scenario-planning tools to build up contingency plans so you have a Plan A, Plan B and even a Plan C. With forecasts of your business data, finances and industry trends, you can be ready to react, pivot and take positive action. Competition Small businesses often face stiff competition from larger, more established companies. To stay ahead of the curve, it's important to be nimble and agile. It's also vital to find your niche and to know precisely why your customers value your offering. By ploughing a unique furrow and keeping your customers happy, you can give yourself an edge over larger, slower-moving corporate-size competitors. Access to capital It can be a struggle to secure funding as a startup, particularly if you have limited financial resources or a poor credit history. Having a detailed funding strategy is a crucial way to overcome this problem. Keep your finances in order and make sure you have in-depth financial reports to show banks, lenders and investors. It's also helpful to focus on paying suppliers on time, keeping debt levels under control and ensuring your cash flow is in a positive position. These are all excellent ways to improve your business credit rating and show you're a stable, risk-free prospect for lenders. Hiring and retaining employees Attracting and retaining talented employees is difficult, especially during the ongoing talent shortage. Offering competitive salaries or benefits packages can be one way to attract people. But it's also important to think about your brand reputation, your sustainability credentials and your CSR policy – all things that Millenial and Gen Z workers value alongside decent pay and benefits packages. Employees want to be proud of where they work, so make your company a progressive, satisfying and rewarding place to work. Keeping up with technology Business technology is evolving at a rapid pace. It can be daunting keeping up with all the available apps, tools and software solutions that are aimed at your business. The trick is to be informed but selective about the apps you use. Start with the operational and financial needs of the business and look for apps that can automate, improve efficiency or provide improved data and management information.  Talk to other business owners and your professional network to find out what the essential apps are in your industry. And do your research and homework before you choose any software solution to add to your app stack. Talk to us about being an agile small business Looking to the horizon for the upcoming pitfalls is essential as an ambitious and informed business owner. As your adviser, we can help you generate the most informative management information, to keep you agile and ready for what lies around the corner. We’re also on hand to discuss your ongoing strategy, how to react to upcoming risks and the best ways to access capital and manage your company’s finances. Arrange a meeting with Donald Inglis and let’s see what the future may bring for your business.
Traditionally, when your small business needed an injection of capital, the Big Four banks were the place to go. Barclays, HSBC, Lloyds and NatWest offered a wide range of business loans and there were limited alternative routes to business finance. But today, the major high-street banks are increasingly reluctant to lend to small businesses. Let’s look at why small businesses are finding it harder to access funding, and four alternative routes to finance that your business could explore. High-street banks are pulling back from lending to small businesses A recent survey from business lender, iwoca, found that 71% of SME finance brokers agree that mainstream banks are pulling back from small business lending. The Big Four banks see small businesses as volatile, risky and less attractive as borrowers than larger, stable, corporate organisations. This has led to ambitious UK small businesses finding it difficult to access funding. Without access to an injection of new capital, your business may find it difficult to fill the cashflow gaps, invest in growth or start new projects. 4 alternative routes to funding for your small business Don’t worry, though, the news isn’t all bad. With the banks offering less funding, this has created an opportunity for alternative lenders and alternative routes to funding. With high street banks no longer the obvious first port of call for funding, you’re free to consider the entire funding market and a range of brand new finance options. Here are four potential routes to funding: 1. Non-banks and fintech lenders In recent years, we’ve seen considerable growth in the non-bank lending market. Specialist online business lenders, like Funding Circle and iwoca, offer flexible, short-term loans without the lengthy and complex application processes you’d expect from the high-street banks. Non-banks will generally focus more on your business performance and future revenue generation potential, rather than your business credit score. This is helpful for start-ups that have limited trading history, or businesses with poor credit scores. 2. Peer-to-peer lending Peer-to-peer (P2P) lending platforms, like Folk2Folk, connect businesses seeking loans with a network of individual and institutional investors through online platforms. P2P is often a faster, more flexible alternative to banks, allowing you to quickly raise capital and to invest it back into your latest project or growth strategy. Unlike traditional equity funding through private investors, P2P doesn’t require you to give up any ownership stake in the business, so it’s a great way to raise money and stay in control of the business. 3. Invoice finance Invoice financing through a provider like Kriya allows you to sell your unpaid invoices. This effectively gives you an advance on the money currently owed to you by your customers.The finance provider gives you a percentage of the invoice's value upfront, helping you to solve urgent cashflow issues caused by slow-paying customers. While you won’t be able to raise large sums of money this way, it’s an excellent solution for getting your cashflow under control. 4. Crowdfunding Crowdfunding through a platform like Crowdcube or Kickstarter allows you to raise funds from a large number of people through an online platform. There are several types of crowdfunding, including: Equity crowdfunding: selling shares in the company Debt crowdfunding: raising a loan from many lenders Rewards crowdfunding: offering products or perks in exchange for investment Get your funding strategy sorted Having a detailed funding strategy, and aligning it with your business plan, is fundamental to keeping your business well-capitalised and cash flow positive. We’ll help you review your funding needs, create a funding strategy and compile the financial documentation needed to access your chosen route to funding.