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
At the last general election, the Labour party pledged to not raise taxes for ‘working people’, with assurances that there will be no changes to income tax, national insurance (NI) and VAT. While this pledge may appeal to UK workers, it does limit what the Chancellor, Rachel Reeves, can do when it comes to raising taxes and reducing the UK’s current economic deficit. With individual taxes protected, some commentators have argued that it’s UK businesses that will bear the brunt of any hikes in taxation. But what tax changes are most likely? And could any changes impact you and your business? Possible changes that could be announced in the Autumn Budget Let’s take a look at some of the potential changes we could see being announced by Rachel Reeves on the 26th November. Remember, these are speculative outcomes from the Budget and nothing has yet been confirmed by the Chancellor or the Labour party. Here are the areas most likely to see amendments Capital Gains Tax Capital gains tax (CGT) is widely tipped for changes. The government may raise the rates of CGT or reduce the annual tax-free allowance, which has already been significantly cut in recent years. There’s also speculation about extending CGT to high-value homes as an easy way to raise more tax revenue when property owners sell more expensive properties. Inheritance Tax (IHT) Reforms to IHT are being considered. This could include lowering the current tax-free threshold of £325,000, which has been frozen since 2009, or tightening rules around gifting to prevent large estates from avoiding tax. Income Tax Thresholds While the government has pledged not to raise the rate of income tax, a common ‘stealth tax’ is to freeze tax thresholds. It’s possible the current freeze on income tax thresholds could be extended. This would pull more people into higher tax brackets as wages rise, generating more tax revenue for HMRC. Pensions Changes to pensions are possible, with a focus on areas like the tax-free lump sum that can be taken from a pension, or restricting the tax efficiency of salary sacrifice schemes. VAT changes It’s possible that widening the scope of VAT could raise significant tax revenue. There’s also speculation that the Chancellor may reduce the VAT registration threshold, currently set at £90,000 p.a. This would require many more businesses to register for VAT and charge the tax on goods and services. Business rates Although not part of the Autumn Budget, changes to business rates could have a major impact for some businesses. Businesses are already facing new business rate burdens, but some commentators are warning of an ‘unavoidable double hit’ that could push UK business rates bills up by £2.5bn. Business Asset Disposal Relief (BADR) For business owners who plan to sell their company, changes to CGT on these sales have already been announced. The rate for BADR rose from 10% to 14% in April 2025, and there’s a further increase to 18% planned for April 2026. Changes to the rate, or the period of availability of BADR are additional possibilities. We’ll be summarising the key points of the Autumn Budget once the Chancellor delivers her speech. To stay up to date, check our Resource Hub regularly, or keep an eye out for our Budget summary sent the day following the Budget.
In a world where evolving political events can change the market in an instant, and economic instability is still the norm, finding certainty in your business strategy is a rarity. Access to funding, overdrafts and lines of credit is the lifeblood of growth for any small and medium-sized enterprise (SME). But new research by Allica Bank has shown that there's an SME funding gap of up to £65billion in the UK – potentially choking SME growth. Allica’s research is a wake up call for UK small and medium businesses, making it clear that funding is more difficult to access for the average SME. Major findings from the research show that There’s a multi-generational shift in bank lending, with a gap of up to £65bn in SME lending emerging over the last 25 years. The shortfall is especially prominent in ‘productive credit’ that’s vital to boost investment, productivity and growth. There has been a particular collapse in overdraft lending to small businesses, which dropped from £18bn in 2000 to just £2.7bn in 2024. The UK has the lowest business investment rate in the G7, with small businesses investing at only a third of the level of corporate businesses and the lowest level of SME loan application rates recorded in the OECD. The impact of a drop in available funding A nationwide funding gap is cause for concern, not just for large corporate organisations and government think tanks. Simple, straightforward access to funding is what keeps your cash runway on track, and provides the capital to grow your small business. If loans, overdrafts and business credit dry up, this could have a significant impact on your ability to fund the next stage of your business strategy.Four ways to overcome the funding gap So, with the outlook for SME funding looking less than rosy, what can your small business do to improve the chances of accessing the funding you need? Here are four ideas for finding the required capital 1. Improve your business credit score Having a strong business credit score signals that you’re a viable business to lend to. Pay your suppliers on time, keep your credit utilisation ratio low and make sure you’re keeping accurate financial records. This can all help to strengthen your credit profile and access to funding. 2. Explore alternative lenders and fintech platforms Don't rely solely on traditional banks. The non-bank lending sector, including specialist business finance providers and fintech companies, offers flexible and often quicker access to capital. Products like asset finance and [ invoice finance ] can be great routes to additional funding. 3. Check out government-backed funding The government-backed Growth Guarantee Scheme allows eligible businesses to borrow up to £2m in loans. The scheme is open to smaller businesses with a turnover of up to £45m (on a group basis, where part of a group). 4. Enhance your business plan and financial projections A clear, well-researched business plan is an excellent tool when approaching lenders. A detailed plan and in-depth financial forecasts help to show your viability as a business, and your ability to cover the repayments of any offered loan. Talk to us about funding the future of your business If you’re struggling to access routes to funding, don’t worry. We can help you to improve your credit profile and business credit score, making it easier to access additional capital.
In a world where evolving political events can change the market in an instant, and economic instability is still the norm, finding certainty in your business strategy is a rarity. Keeping on top of your cash flow is even more important during tough economic times. With global uncertainty, recent high inflation, energy prices soaring, supply chain challenges, cash is likely to be tight over the coming year. Cloud technology and fintech apps, can give your business the best possible control over its cash. Why is cash flow so important? To keep your business operating, you need enough money coming into the business to cover your outgoings – with enough surplus cash to deliver a profit. In recessionary periods consumers have less disposable income to spend on your products and services. Business customers will be looking to reign in their spending on suppliers. As a net result, your business is likely to make fewer sales and will bring in smaller revenues. This means: Reduced income coming into the business. Less cash in the business to cover your operational expenses. Not enough money in the bank to pay suppliers, utility providers or payroll costs. In the worst-case scenario, insufficient cashflow for you to continue trading. What can you do to improve your cash flow situation? The more informed you are about your cash position, the more you can do to prepare for any cashflow gaps. It’s this foresight that can make all the difference when you’re battling against tough external economic forces and a downturn in sales. If you want to safeguard your cash flow, these are some sensible steps to take: Switch to cloud accounting – accounting and finance technology has moved on in leaps and bounds in the past decade. The best cloud accounting platforms all offer a detailed reporting of your cash position. These software tools will generally offer real-time data, giving you up to date cash numbers. Integrate with cash flow forecasting apps – cloud accounting platforms let you add third party apps to create a custom app stack of helpful business tools. There are plenty of cash flow forecasting apps to choose from, giving you the ability to predict your future cash flow position. Plan ahead for the cash flow gaps – when your forecast shows a shortfall of cash coming up, that’s the time to take evasive action. If you can see that there’s a cash hole approaching next month, it’s time to look at ways of raising extra finance to fill that hole. That could mean extending your bank overdraft, taking out a small business loan or taking out an invoice finance facility with a lender. Look for opportunities to cut your overheads – one way to even up your cash flow is to cut down on your expenditure. If you can cut back on overheads, expenses and unnecessary costs, this can help you re-balance your cash position, even when cash flow is getting tight. Look for cheaper suppliers, buy in smaller quantities and take every opportunity to cut costs and keep your spending more sensible. Update your prices and your sales strategy – raising your prices is one way to bring in more cash, with the same volume of sales. But it's a balancing act. Putting your prices up can alienate existing customers and could see you losing customers, but if you can find the sweet spot for your pricing AND also drum up more sales, you can quickly increase revenue and give your cash inflows a healthy boost. Review your cash flow reports regularly – it’s important to look at your cashflow numbers and reporting regularly, not just at period-end. This is particularly important when economic times are tough. With the most current cash information to hand, you can make informed business decisions and aim to keep the business operational. Talk to us about updating your cash flow processes With your business in a healthy cash flow position, you give yourself some solid financial foundations for riding out the global recession. No business is invulnerable in these conditions, but with liquid cash in the business, you have more flexibility and more capital to play with. Book a meeting and let’s see how we can improve your cash flow processes.