Pet Accountant Podcast (Victoria Clark)

In this episode, Vicky and Lee go live into their Facebook group to talk about closing a limited company.

If you need help with your business accounts for a pet based business, visit our website to see how we could help you here: https://petaccountant.co.uk/

And if you have enjoyed this episode, be sure to subscribe on your podcast provider.

Vicky and Lee, the Pet Accountants, dive into the recent UK Budget and its implications for business owners in the pet industry. A significant change highlighted is the increase in national minimum wage, which will rise to £12.21, impacting employers and their payroll strategies. Additionally, they discuss HMRC's crackdown on late payments and the importance of timely tax return submissions to avoid penalties. The conversation also touches on changes to Making Tax Digital, emphasizing the need for businesses to transition to digital accounting solutions by April 2026. With practical advice and insights, Vicky and Lee equip pet business owners with the knowledge needed to navigate these upcoming financial challenges effectively.

Takeaways:

• The recent budget changes will significantly impact employers, especially in the pet industry.
• If you're an employer, prepare for increased national insurance contributions starting in April.
• HMRC is cracking down on late payments, so pay your taxes on time.
• Budget announcements did not change personal tax thresholds, impacting higher earners significantly.
• Employers must ensure their staff are paid at least the new national minimum wage.
• Making Tax Digital regulations are coming into effect, requiring digital accounting practices by 2026.

If you would like to speak to us about our Pet Based Financial Services visit our website: https://petaccountant.co.uk/

If you've enjoyed the podcast, or found it helpful be sure to subscribe on your podcast platform for more.

In this episode, Vicky is joined by Bill Betts the owner of Pet Passion to Profit, Bill is a business expert who helps groomers with the business side of their groomers.

If you would like to find out more about Bill and Pet Passion to Proft, visit: https://petpassiontoprofit.com/

And if you own a pet business and would like to find out more about our accounting visit our website: https://petaccountant.co.uk/

If you have enjoyed this podcast subscribe for more weekly episodes.

In this episode, Vicky is joined by Megan Saint owner of Your HR Handled to talk all things HR including employment contracts, legal requirements, and much more.

If you have enjoyed this episode do not forget to subscribe.

If you need help with your pet based business accounts, don't forget to visit our website: https://petaccountant.co.uk/ to see how we can help.

In this episode, The Pet Accountant speaks to Anastasia owner of The Dog Tooth Fairy to discuss business & finance.

And if you own a pet business and would like to find out more about our accounting visit our website: https://petaccountant.co.uk/

If you have enjoyed this podcast do not forget to subscribe for more weekly episodes with the pet accountant.

In this episode, Vicky and Lee talk about their experiences at Crufts and take questions from the Facebook Group.

If you have enjoyed this episode, be sure to subscribe. And of course, if you run a pet-based business and would like us to help with your accounting needs visit our website: https://petaccountant.co.uk/

In this episode, Vicky and Lee discuss pricing. This is a vital subject for all businesses with the current rate of inflation. It is also a subject that comes up often in our Facebook group and is a hot topic for many in the pet industry.

If you have enjoyed this episode, be sure to subscribe.

Finally, if you think we can help you with your pet-based business accounts visit: https://petaccountant.co.uk/

In this episode, Victoria speaks to Charlotte a Social Media expert and VA, Charlotte helps run The Pet Accountants' social media and has become a vital part of the business, so we have decided to ask her to share some of her knowledge with like-minded pet professionals.

If you have enjoyed this episode don't forget to subscribe to our podcast.

And if you own a pet business and would like to find out more about our accounting visit our website: https://petaccountant.co.uk/

In this episode, Vicky and Lee discuss Cash or Accurals accounting. During the episode they talk in detail about what they are, and what is best to help you make an informed decision about what is best for you.

If you have enjoyed this episode, be sure to subscribe on your podcast platform.

And if you think we can help you with your Pet Based Business Accounts, visit our website: https://petaccountant.co.uk/

In this episode, Vicky and Lee speak about limited company expenses following a number of questions on our Facebook group.

And if you own a pet business and would like to find out more about our accounting visit our website: https://petaccountant.co.uk/

If you have found this podcast helpful why not leave us a review, be sure to subscribe for more useful information.

In this episode, Vicky talks about joining our business the Pet Accountant. We help pet-based businesses with their Pet Accounting and Bookkeeping. When we work with you we can then understand your finances, and we can offer other advice like when it is time to take on staff, or other big financial decisions. In this episode, we talk about working with us and what you can expect.

If you have any questions be sure to join our Facebook group and ask: https://www.facebook.com/groups/petbizhub

If you have enjoyed this episode, be sure to subscribe on your podcast provider.

And of course, if you do wish to join the Pet Accountant visit our website here: https://petaccountant.co.uk/ and book onto a discovery call to make sure we are the right fit.

In this episode of our podcast, streamed directly from our vibrant Facebook Group, Lee takes center stage to unravel the mysteries of the All-in-One Package, specifically designed for the enterprising pet-based business owner. This package promises not only to streamline your Pet Accounting needs but also to inject efficiency into your company's financial management, ensuring your furry friends' ventures thrive financially.

But that's not all – as always, the dynamic duo, Vicky and Lee, engage in a lively discussion, answering questions from our group members.

If you think we can help you with your pet-based business accounts then why not visit our website: https://petaccountant.co.uk/

In this episode, Vicky and Lee discuss expenses as well as registering your business as either a sole trader or limited company. These are questions that are being posted on our group "Accounting for Pet Professionals"

If you have enjoyed this episode do not forget to subscribe or follow our podcast.

And if you own a pet business and would like to find out more about our accounting visit our website: https://petaccountant.co.uk/

In this episode, Vicky and Lee talk about Expenses and Software as well as answer questions from the Facebook Group.

If you have enjoyed this episode be sure to subscribe.

If you think we can help you with your pet business accounts, visit our website: https://petaccountant.co.uk/

In this episode Victoria speaks to Susan Thompson who is a money mindset coach, they discuss money mindset which Victoria herself has found helpful and believes will help other Pet Professionals.

If you have enjoyed this episode why not subscribe to our podcast for more episodes?

And if you own a pet business and would like to find out more about our accounting visit our website: https://petaccountant.co.uk/

In this episode, as a Christmas special Vicky, Lee and the Team take part in a Pet Accountant Quiz.

Merry Christmas from us all.

For more information on the "Pet Accountant" visit our website: https://petaccountant.co.uk/

In this episode, Vicky speaks to Louise from Purrcasso Cat Grooming. Louise has just had her first year in business as a cat groomer and has seen some amazing results. Vicky and Louise speak about her first year to gain some lessons that can be used by others in the pet industry.

If you have enjoyed this episode be sure to subscribe, and if you think we can help you with your pet-based business accounts visit our website: https://petaccountant.co.uk/

In the episode, we speak to Darren Ockenden the owner of Motion to Profit a video and podcast marketing agency to discuss Marketing.

You can find out more about Motion to Profit on their website: https://motiontoprofit.com/

If you are a pet business in need of help with your accounts visit our website at: https://petaccountant.co.uk/

And of course, don't forget to subscribe to our podcast.

In this episode, Vicky and Lee speak about our business The Pet Accountant and what we actually do, we have made this episode because we get asked a lot in our Facebook Group for Accountant recommendations. So here it is, what we do.

If you have enjoyed this episode please do not forget to subscribe to our podcast.

And if you own a pet business and would like to find out more about our accounting visit our website: https://petaccountant.co.uk/

In this episode, Vicky and Lee discuss Bookkeeping. A lot of people in our Facebook group do not fully understand the difference between a bookkeeper and an accountant.

If you think we can help you, with your pet-based business accounts, visit our website: https://petaccountant.co.uk/ and be sure to subscribe to the podcast for more episodes.

In this episode, Vicky and Lee talk about Tax and Pricing and how these 2 parts of your business finances are critical for a profitable business.

If you have enjoyed this episode be sure to subscribe, and if you think we can help your pet-based business with your finances visit our website: https://petaccountant.co.uk/

In this episode Vicky is joined by Lee who runs our payroll, we get a lot of questions in our Facebook group "Accounting for Pet Professionals" about payroll so we invited Lee our expert to talk about it in more detail.

If you have enjoyed this episode why not subscribe to our podcast for more?

And if you own a pet business and would like to find out more about our accounting visit our website: https://petaccountant.co.uk/

In this episode, Vicky & Lee talk about the benefits of setting up as a limited company, as well as a few minor updates to come out of the recent budget.

If you enjoy our podcast, please subscribe on your podcast provider.

Finally, if you think we could help your pet business with all things accounting visit our website: https://petaccountant.co.uk/

In this episode, Vicky and Lee answer questions from our Facebook Group about Pet Accounting, they do this with Walkers, Sitters and Boarders in mind but the questions will be relevant to all in the Pet Industry.

If you have enjoyed this podcast do not forget to subscribe.

If you would like to know more about our accountancy work for pet professionals visit our website: https://petaccountant.co.uk/

In this solo episode, Vicky decides to answer the questions that have been asked on our Facebook Group (The Pet Professional Business and Finance Hub) which you can find here: https://www.facebook.com/share/S9N5BJfANYP8uU92/

If you have any more questions related to finance in your pet-based business be sure to join our group and ask. Also, subscribe to our podcast as we have some amazing episodes coming out that will help you in your pet-based business.

And finally, if you want to speak to us about your pet-based business accounts visit our website here: https://petaccountant.co.uk/

In this episode, following on from what is allowed in an earlier episode Vicky & Lee talk about what isn't allowed by the HMRC when claiming business expenses.

If you have enjoyed this episode be sure to subscribe, and if you think we can help you with your pet-based business accounts visit: https://petaccountant.co.uk/

In this episode, Vicky & Lee talk about Sales and Marketing. Their expertise is in accountancy but as successful business owners, they also bring a wealth of knowledge in Sales and Marketing which is a really important subject for all pet-based businesses.

If you think we could help you with your accountancy then visit our website: https://petaccountant.co.uk/

If you have enjoyed this episode, please subscribe for more.

In this episode, The Pet Accountant talks about the recent changes to making tax digital and has some other interesting news going into 2023.

If you have enjoyed this episode then please don’t forget to subscribe to our podcast.

In this episode, Vicky and Lee discuss paying yourself as the owner of a Ltd company or Sole Trader.

And if you own a pet business and would like to find out more about our accounting visit our website: https://petaccountant.co.uk/

If you have enjoyed this podcast do not forget to subscribe for more weekly inputs from the Pet Accountant.

In this episode, Vicky and Lee discuss how you can make your Bank Accounts work better for you as a business owner. They stop short of recommending a product but give you some ideas of what to look for with the banks and how that can benefit you.

If you have enjoyed this episode, be sure to subscribe for more on your podcast provider.

And if you would like to find out more about the Pet Accountant, and how we can help you with your Pet Business, visit our website: https://petaccountant.co.uk/

In this episode, Vicky is joined by Helen a dog groomer who also works for Savvy the software company behind Savvy Pet Spa and their other software for boarders. In this episode, we cover the software that is a must-have for any pet business.

If you have enjoyed this episode, be sure to subscribe and give us a review.

If you think we can help you with your pet business accounts visit our website: https://petaccountant.co.uk/

In this episode, Vicky is joined by Tegyn who runs a successful dog grooming business, and Alisha who runs a successful dog walking business. They discuss their experiences with Vicky.

If you have enjoyed this episode do not forget to subscribe on your podcast provider.

If you think we can help you with your pet business accounts, visit https://petaccountant.co.uk/

In this episode, Vicky is joined by Dog Groomer Susan Thompson. Susan has a history of working in the corporate world but decided to leave initially to become a dog groomer. We catch up with Susan to see what she is doing now and cover a range of issues from Pricing to Mindset.

If you enjoy our podcast be sure to subscribe, and if you think we could help you with your business accounts visit: https://petaccountant.co.uk/

As the 31st of January deadline for Self Assessment approaches, Vicky and Lee, the pet accountants, provide essential guidance to help listeners navigate their tax returns with confidence. They clarify critical dates and rules, especially for those who began their businesses after April 2020, and emphasize the importance of understanding what expenses are allowable. The discussion highlights common misconceptions surrounding business expenses, such as clothing and footwear, and the strict guidelines set by HMRC. Listeners will also learn about the importance of accurate record-keeping and not falling into the trap of claiming expenses that could lead to penalties. With a mix of practical advice and humor, Vicky and Lee aim to alleviate the stress around tax season and encourage their audience to seek help if needed.

Takeaways:

• The self-assessment deadline for the 2023-2024 tax year is January 31st, 2024, so ensure your tax return is submitted on time.
• If you started your business after April 2024, you don't need to file a tax return yet, so don't panic.
• Everyday clothing expenses are not allowable for tax deductions unless they are branded uniforms.
• When claiming for expenses, you must ensure they are wholly and exclusively for business purposes.
• Conversely, if you have incurred costs due to a work injury, those medical expenses may be claimable.
• For dog walkers and groomers, wearing branded clothing can convert personal clothing into allowable business expenses.

Need our help with your finances, visit our website:

• www.petaccountant.co.uk

In this episode, Vicky and Lee discuss the rules when it comes to claiming for your home office, or home renovations for your business.

If you have any questions about your pet-based business accounts be sure to reach out to our Facebook group: https://www.facebook.com/groups/petbizhub

And of course, subscribe to the podcast for more Pet Based Accountancy episodes.

If you've enjoyed this episode and would like to speak to us about your pet-based business accounts visit our website: https://petaccountant.co.uk/

Today we have Chloe from Tuft, an end-to-end software management company for pet groomers. It enables you to manage your calendar but it also has an app where clients can find, book, and review your business. Tuft helps you reduce the amount of time spent on admin.

If you have enjoyed this episode do not forget to subscribe to our podcast.

And finally if you are a pet business in need of help with your accounts visit our website at: https://petaccountant.co.uk/

In this solo episode, Vicky and Lee talk about the Spanish Retreat!

Having time away can help you focus, away from the phone, away from the business and away from the day-to-day activities of family life. Lee and Vicky found this extremely helpful which is why we are having a "Spanish Retreat", listen to the full episode for more details of how you can join us for time away to focus on your business!

If you'd like to listen to more episodes around pet-based accounting don't forget to subscribe on your podcast platform.

And, if you'd like to find out more about The Pet Accountant visit our website: https://petaccountant.co.uk/

Vicki and Lee, the dynamic duo behind The Pet Accountant, dive into the essential role of specialized accountants in the pet industry. They emphasize the importance of understanding what to look for in an accountant to avoid pitfalls with unqualified professionals. The conversation sheds light on pet professionals' unique challenges, including navigating tax returns and managing expenses related to their businesses. Vicki shares her journey from a police officer to a successful accountant, highlighting the growth of The Pet Accountant and the tailored services they offer. Lee also discusses the significance of keeping up with financial trends and the tools available to help pet professionals maximize their profits while ensuring compliance with tax regulations.

Takeaways:

• Vicki and Lee emphasize the importance of understanding your accounting and finances to avoid unnecessary stress during tax season.
• They explain the difference between expenses claimable as an employee versus those as a self-employed individual, highlighting key distinctions.
• The podcast discusses the benefits of using specialized accounting tools like Dext and Free Agent to manage pet business finances.
• A significant takeaway is the importance of regularly reviewing and adjusting pricing strategies in response to market changes.
• Vicki and Lee share their experiences of building the Pet Accountant from scratch, emphasizing the challenges and learning curves involved.
• They encourage pet professionals to reach out for clarity and support regarding their financial management and tax returns.

To find out more about The Pet Accountant visit our website:

www.petaccountant.co.uk

Following on from last week's episode Lee and Vicky continue their talk on Marketing, from Websites to Blogging this is an episode around how to market your pet business.

If you have enjoyed this episode do not forget to subscribe on your podcast provider for more.

And finally, if you need help with your accounts visit our website www.petaccountant.co.uk

In this episode, Vicky and Lee take questions from the Facebook group as well as talking about the VAT threshold, giving their professional opinion on the subject.

If you have enjoyed this podcast be sure to subscribe, and if you think we can help you with your pet accounts visit: https://petaccountant.co.uk/

In this episode, Vicky and Lee the owners of the Pet Accountant take on a topic discussed a lot in the Facebook Group. What can we buy as gifts through our businesses?

If you have found this episode helpful be sure to subscribe, and if you think we can help you with your Pet based Business Accounts visit https://petaccountant.co.uk/

In this episode, Vicky talks to Chloe from Tuft. Tuft is a software that she created following a struggle getting her dog in for a groom. The software is now widely used in the pet industry so today we invite Chloe into the podcast to explain what it is about.

If you would like to find out more about Tuft, visit their website here: https://tuftapp.com/

If you've enjoyed this episode, be sure to subscribe for more and if you think we can help you with your pet based business accounts visit: https://petaccountant.co.uk/

In this episode, the Pet Accountant Vicky speaks to business partner Lee about going from a sole trader to a limited company. This is something we have seen a few clients do recently and we discuss it in some detail in this episode.

If you have enjoyed this episode please subscribe to our podcast for more.

And if you own a pet business and would like to find out more about our accounting visit our website: https://petaccountant.co.uk/

In this episode, Victoria speaks to her client and friend Helen. Helen owns a dog grooming business and in this episode, we discuss pricing an area that many in the pet industry struggle with. This is the first part of our "pricing" mini-series where we hope to bring in professionals from across the industry.

Do not forget to subscribe to our podcast and if you own a pet business and would like to find out more about our accounting visit our website: https://petaccountant.co.uk/

The discussion in this podcast episode revolves around the critical topic of expenses related to pet-related businesses. Vicky and Lee elucidate the various expenses that can be claimed, providing valuable insights into what is permissible and what is not in the realm of tax deductions. They emphasize the significance of understanding these distinctions, which can substantially impact one's financial obligations and tax returns. The episode further explores specific categories of expenses, such as utilities and home office costs, and highlights the utility of tools like the utilities calculator. By the conclusion, listeners are encouraged to adopt a more informed approach to managing their expenses, ultimately aiming to maximize their allowable claims and minimize their tax burden.

Takeaways:

• In this episode, we elucidated the various business expenses that pet professionals can claim, emphasizing the importance of understanding allowable expenses to optimize tax savings.
• We discussed the utilities calculator that we provide, which is a valuable tool for pet accountants to accurately assess business-related utility expenses and maximize claims.
• The conversation highlighted the distinction between personal and business expenses, particularly regarding home office costs and how to properly allocate those expenses for tax purposes.
• We addressed common misconceptions about expenses such as garden structures and pet grooming equipment, clarifying which items are considered allowable and which are not.
• We provided insights on the new HMRC regulations affecting pet breeders and sellers, emphasizing the requirement to register for tax purposes before commencing operations.
• Lastly, we encouraged listeners to utilize our resources, including our bookkeeping pack and upcoming online courses, aimed at enhancing financial literacy among pet professionals.

To find out more about The Pet Accountant visit our website:

www.petaccountant.co.uk

In this episode, Vicky and Lee talk about the benefits of having an Accountant and/or Bookkeeper. This is following a number of questions on our Facebook Group.

If you would like to know more about the Pet Accountant and how we can help visit our website https://petaccountant.co.uk/

If you have enjoyed this podcast please subscribe for more.

Vicky Clark interviews Lucy, the founder of Woof Links, an innovative online directory designed to connect dog owners with trusted pet services. The discussion highlights how Woof Links aims to streamline the process of finding local dog services, from groomers to trainers, while ensuring that only ethical businesses are included. Lucy shares her journey of creating the platform, motivated by the need for reliable dog care options, especially during the surge of dog ownership seen during the pandemic. As they explore the features of Woof Links, Vicky and Lucy emphasize the importance of providing a central hub for dog-related services that fosters trust and community. This episode is a valuable resource for pet professionals and dog owners alike, encouraging listeners to join the growing Woof Links community.

Takeaways:

• Vicky discusses the importance of managing finances as a pet business owner to achieve success.
• Lucy emphasizes that Woof Links is a free directory for ethical dog businesses and owners.
• The conversation highlights the challenges new dog service providers face in navigating the market.
• Vicky and Lucy agree on the need for continuous marketing to attract new clients consistently.
• Listeners learn how Woof Links can help dog owners find reliable services in their area.
• The podcast addresses the significance of building a reputable online presence for pet businesses.

If you'd like to find out more about WoofLinks you can visit their website here: https://wooflinks.co.uk/

If you'd like to find out more about the Pet Accountant and how we can help you with your pet-based business finances visit our website here: https://petaccountant.co.uk/

In this episode, Vicky is joined by Gretta Ford from Set up to Succeed, she works with dog trainers and behaviorists. We discuss a range of subjects from pricing, marketing, and branding to coaching.

If you have enjoyed this podcast, be sure to subscribe on your podcast provider.

If you would like to speak to us about your pet-related business accounts visit our website: https://petaccountant.co.uk/

In this episode, Vicky and Lee discuss property rentals & holiday lets, this is a question that gets asked in our Facebook Group. We will be covering what you can put through your business.

Also, a gentle reminder that the Pet Accountant is closed over Christmas, with self-assessments due by the end of January we strongly recommend you send us any outstanding paperwork or make contact if you are worried about anything.

If you have enjoyed this episode be sure to subscribe, if you would like us to cover a topic stick the question into the Facebook Group "The Pet Professional Business & Finance Hub" and of course if we can help you with your pet-based business accounts visit our website: https://petaccountant.co.uk/

In this episode, Vicky and Lee talk about the complex subject of cars and vans and what to do on your tax return.

Also, a gentle reminder that the Pet Accountant is closed over Christmas, with self-assessments due by the end of January we strongly recommend you send us any outstanding paperwork or make contact if you are worried about anything.

If you have enjoyed this episode be sure to subscribe for more, and if you think we can help you with your pet-based business accounts visit our website: https://petaccountant.co.uk/

In this episode, Vicky & Lee take live questions from the Facebook group around self-assessment in this first episode of 2024. This is because January is a busy month with the Self-Assessment deadline of the 31st Jan quickly approaching.

If you have enjoyed this episode be sure to subscribe, and if you think we can help you with your pet accounting visit our website: https://petaccountant.co.uk/

In this episode Victoria is joined by Laura from Sense Financial, Laura is a financial advisor who has come onto the show to discuss pensions a regular question within the Facebook group.

If you have enjoyed this podcast don't forget to subscribe for more episodes.

And if you own a pet business and would like to find out more about our accounting visit our website: https://petaccountant.co.uk/

In this episode, Vicky and Lee discuss Tax Evasion and Tax Avoidance to bring to people's attention this very important subject. This subject is extremely important, one is legal and the other is illegal and even holds a potential prison sentence.

If you have enjoyed this episode be sure to subscribe, and if you think we can help you with your pet-based business accounts visit our website: https://petaccountant.co.uk/

In this episode, Vicky talks to dog groomers Helen & Shannon. Helen is a director of Savvy and owns a UK-based dog grooming business, Shannon owns a grooming business in the USA. In this episode, Vicky, Helen, and Shannon talk about the difference when it comes to grooming in the US and the difference in things such as pricing and public attitudes.

If you have enjoyed this episode please subscribe on your podcast provider.

If you think we can help you with your pet business accounts visit our website: https://petaccountant.co.uk/

In this episode, Vicky and Lee talk about claiming for Cars and Vans through your business, this is an in-depth subject but something that many in the pet industry ask about.

If you have enjoyed this episode be sure to subscribe for more, and if you think we can help you with your pet-based business accounts visit: https://petaccountant.co.uk/

The salient point of this episode revolves around the introduction and discussion of our meticulously crafted record-keeping packs, designed specifically for pet professionals. We, Vicki and Lee, elucidate how these packs are not merely products borne out of convenience; rather, they are the culmination of extensive feedback from our clients, aimed at optimizing financial management and enhancing tax compliance. Each pack is tailored to facilitate accurate record-keeping for various aspects of pet-related businesses, thereby enabling users to maximize their allowable expenses and minimize their tax liabilities. We emphasize the significance of maintaining organized financial records, as this practice not only streamlines the tax return process but also empowers pet professionals to make informed decisions regarding their business operations. As we unveil these resources, we invite our audience to engage with us and explore the myriad benefits these tools can provide for their financial well-being.

Takeaways:

• In this episode, we provide insights into our meticulously designed record-keeping packs tailored specifically for pet professionals.
• We emphasize the significance of accurate record-keeping in ensuring financial clarity and compliance with HMRC regulations.
• The utilities calculator serves as an invaluable tool to accurately calculate deductibles for home-based pet business expenses.
• We discuss how our tax and pricing calculator aids in determining appropriate savings for tax liabilities based on various income sources.
• The bookkeeping spreadsheet is introduced as an accessible resource for those who may struggle with technology, ensuring comprehensive financial tracking.
• Finally, we announce the launch of our enhanced record-keeping pack, which consolidates various aspects of pet business management into a singular, user-friendly format.

To find out more about The Pet Accountant visit our website:

www.petaccountant.co.uk

In this episode Vicky speaks to Fiona from Your VA, this is part of a mini-series where we talk to business owners about the highs and lows of running a business.

And if you own a pet business and would like to find out more about our accounting visit our website: https://petaccountant.co.uk/

If you have enjoyed this podcast then please subscribe for more episodes focusing on pet-based businesses.

In this episode, following on from "What you cannot claim" Vicky and Lee talk in this podcast episode about what you can claim as a business expense.

If you have enjoyed this episode be sure to subscribe, and if you think we can help you with your pet-based business accounts visit: https://petaccountant.co.uk/

In this episode, Vicky and Lee the Pet Accountants discuss "What is an Asset" for your pet-based business. This is something that many in the group are unsure about but can make a big difference in your accounting. They start the episode by explaining what is and is not classed as an asset then give some real-life examples.

If you have enjoyed this episode, subscribe to your podcast provider. And of course, if you need help with your pet-based business accounts visit https://petaccountant.co.uk/

In this episode, Vicky and Lee discuss recent changes in tax returns, if you use our services this is something you won't need to worry too much about however if you do your own tax returns this is a must listen to episode.

If you have enjoyed this episode be sure to subscribe, and if you think we can help you with your pet accounting visit: https://petaccountant.co.uk/

In this episode, Vicky and Lee discuss the autumn statement and how each part will affect the pet industry. From the national minimum wage increases to other key factors that you need to know about.

If you have enjoyed this episode be sure to subscribe, and give us a 5-star review on your podcast platform.

And if you think we can help you with your pet based business accounts visit: https://petaccountant.co.uk/

In this episode, Vicky and Lee discuss bank accounts and savings. We answer those important questions, such as should I have a business bank account?

If you have enjoyed this podcast then do not forget to subscribe. Also if you would like us to cover a certain subject when it comes to your pet business get in touch.

If you are a pet professional and would like to speak to us about our accountant work, visit our website: https://petaccountant.co.uk/

In this episode, Vicky & Lee speak to Richard from Lopay.

Lopay is the fastest growing payment service in the UK, and it is no wonder as their rates are cheaper than all competitors and their customer reviews are more positive. So In this episode, we speak to Richard about Lopay, how it can be used by pet professionals and what makes it the best choice.

And if you own a pet business and would like to find out more about our accounting visit our website: https://petaccountant.co.uk/

If you have enjoyed this episode do not forget to subscribe to our podcast.

Vicky and Lee engage in a reflective discourse following their recent experience at Crufts, emphasizing the intricacies associated with participating in such a prestigious event. The episode elucidates the various costs involved, including stand fees, accommodation, and operational expenses, which cumulatively amount to a significant investment. They share insights into the logistics of setting up their stand and the importance of effective branding to attract clientele, thereby enhancing their visibility in the competitive landscape. Furthermore, Vicky and Lee recount their interactions with diverse attendees, ranging from dog trainers to breeders, underscoring the multifaceted nature of their business and the vital relationships they foster within the pet industry. As they contemplate future improvements for subsequent events, the conversation serves as a valuable resource for those considering participation in trade shows, illustrating both the challenges and rewards inherent in such endeavors.

Takeaways:

• In this episode, we discuss our experiences at Crufts, sharing insights about costs and logistics.
• We elaborate on the importance of registering as a partnership versus remaining sole traders for tax efficiency.
• We reflect on our improved branding strategy for this year's stand at Crufts compared to previous years.
• The episode highlights the significance of networking at trade shows to foster business relationships and client trust.
• Vicky and Lee emphasize the necessity of being prepared for hidden costs associated with attending events like Crufts.
• We provide tips for pet professionals on maximizing their presence and effectiveness at trade shows.

To find out more about The Pet Accountant visit our website:

www.petaccountant.co.uk

In this episode Vicky and Lee talk about the looming end of the tax year, they also take Questions from the Facebook group from Pet Professionals.

There is also a passphrase hidden within the episode so be sure to listen, subscribe, and see if you can win.

If you think we can help you with your pet business accounts then visit our website: https://petaccountant.co.uk/

In this episode, Vicky and Lee go live in the Facebook group to discuss Tax Return Pitfalls.

If you have enjoyed this episode be sure to subscribe on your podcast provider.

If you would like to speak to us about your accounts, visit our website: https://petaccountant.co.uk/

In this episode, Vicky, Lee and Jodie who is Lee's sister discuss payroll, this was our first ever episode but as this is a common question that comes up in the Facebook Group we all cover it in detail.

If you have enjoyed this episode be sure to subscribe on your podcast provider.

If you think we could help with your pet business accounts visit our website: https://petaccountant.co.uk/

Join Vicky Clark and Lee as they dive into the details of the all-in-one accounting package designed specifically for pet professionals. This episode highlights the importance of understanding your financial metrics, such as gross and net profit, and how these figures can guide your business decisions. Vicky and Lee discuss their recent experiences preparing for Crufts, emphasizing the value of being well-organized and proactive in business operations. They also address common misconceptions about the cost of accounting services, showcasing how affordable their packages can be compared to the potential benefits for your business growth. Tune in for insights on improving your financial literacy and making informed choices that can boost your bottom line.

To find out more about The Pet Accountant visit our website:

www.petaccountant.co.uk

In this episode, Vicky and Lee discuss Employees & Subcontractors, it's something that comes up in our Facebook group and people often get it wrong which is why Vicky and Lee go live to discuss this subject. They cover exactly what an employee and a subcontractor are to help you make the right choices when taking someone on.

If you have enjoyed this episode be sure to subscribe, and if you think we can help you with your accounting visit: https://petaccountant.co.uk/

The salient focus of our discourse centers on the accounting software Free Agent, which we elucidate as an accessible and user-friendly tool for managing financial transactions. We delve into the intricacies of utilizing Free Agent, addressing common queries such as the management of loans, asset purchases, and the requisite depreciation methods. Furthermore, we introduce our newly developed guide designed to assist users in navigating this software effectively, ensuring they can perform essential tasks with confidence. This episode aims to alleviate the stress often associated with financial management, particularly in light of the impending requirements for Making Tax Digital compliance. We encourage listeners to engage with the guide and leverage Free Agent to enhance their financial acumen and operational efficiency.

Takeaways:

• In this episode, Vicky and Lee elucidate the functionalities of Free Agent, emphasizing its user-friendly interface suitable for non-accountants.
• The podcast introduces a comprehensive guide designed to assist users in navigating Free Agent, addressing common queries related to transactions and categorization.
• Listeners are informed about the significance of accurate bookkeeping in relation to tax returns, highlighting the potential repercussions of misclassification.
• Vicky and Lee elaborate on the importance of adapting to Making Tax Digital regulations, advocating for the use of compatible accounting software such as Free Agent.
• The episode discusses the benefits of having a dedicated guide, which includes video tutorials tailored specifically for pet business owners, enhancing their financial management capabilities.
• The podcast concludes with an invitation for feedback from listeners, emphasizing their commitment to continuous improvement and the relevance of their educational resources.

To find out more about The Pet Accountant visit our website:

www.petaccountant.co.uk

In this episode of The Pet Accountant, Vicky and Lee discuss VAT schemes that impact the pet industry.

This episode also starts with a warning following a bad experience with a client that could have gone bad. VAT is of course vital, we are legally obliged to take VAT so it is important we understand it and do what we need to do. This episode should clear up any VAT-related questions but of course, if you want to ask us the question then reach out to our Facebook Group "The Pet Professional Business & Finance Hub"

And for more podcasts, be sure to subscribe on your podcasting provider.

If you think we could help your Pet Business with your accounting, take a look at our website: https://petaccountant.co.uk/

In this episode, Vicky and Lee discuss taking on your first employee. This episode covers a multitude of factors, whether it's an apprentice or an experienced worker Vicky and Lee cover all the financial aspects in this hour-long episode.

If you have enjoyed this episode be sure to subscribe for more, and of course, if you think we can help you with your pet-based business accounts visit: https://petaccountant.co.uk/

The salient focus of our discourse centers on the intricate dynamics of marketing within the pet industry, as articulated by the esteemed Charlotte Perrot, founder of K9 Marketing Support. Our conversation delves into the paramount importance of social media engagement for pet business proprietors, elucidating the necessity of crafting compelling narratives rather than mere transactional posts. Charlotte emphasizes the significance of understanding one's audience and employing relatable language to foster deeper connections and trust. We explore effective strategies to enhance visibility and engagement through consistent and purposeful content creation. This episode serves as an invaluable resource for those seeking to elevate their marketing endeavors in the pet sector, providing actionable insights for immediate implementation.

Takeaways:

• In this episode, Charlotte Perrot elucidates the significance of social media strategy for pet businesses, emphasizing that mere posting of content does not constitute an effective marketing plan.
• The discussion highlights the necessity of engaging storytelling in social media posts, particularly for pet service providers aiming to connect with their audience.
• Listeners are encouraged to leverage frequent, strategically planned content to foster ongoing engagement and visibility in the competitive pet industry.
• Charlotte advocates for personal branding, suggesting that revealing one's identity on social media cultivates trust and rapport with potential clients.
• The episode addresses common misconceptions in pet care pricing, underscoring the importance of educating clients about the value of professional services in the pet industry.
• Vicky Clark shares her personal experience of transformation through Charlotte's marketing services, illustrating the positive impact of professional guidance on business growth.

To find out more about The Pet Accountant visit our website:

www.petaccountant.co.uk

In this episode of The Pet Accountant, Vicky and Lee dive into the world of partnerships—a business structure that can offer significant tax benefits for pet business owners in the UK.

They explore how a partnership, defined as two or more individuals working together with the shared goal of growing a business, can be a more tax-efficient way to operate in certain circumstances.

By discussing the ins and outs of forming a partnership, they provide insights into how this setup might be advantageous for your business, helping you navigate the complexities of tax obligations while fostering business growth.

Tune in to learn how a partnership could be the key to optimizing your business's financial health and do not forget to subscribe on your podcast provider for more.

And if you think Vicky and Lee (The Pet Accountants) can help you with your business accounts visit: https://petaccountant.co.uk/

The deadline for self-assessment was January 31, 2025, with immediate attention to the forthcoming implementation of Making Tax Digital (MTD). In this podcast episode, we, Vicky and Lee, elucidate the significance of MTD and its implications for pet business proprietors across the United Kingdom.

With MTD set to commence in April 2026 for those with a turnover exceeding £50,000, all stakeholders must comprehend the requisite adjustments to their reporting practices. Our discussion encompasses essential strategies for seamless compliance, including the selection of appropriate accounting software to facilitate accurate quarterly submissions. We aim to equip our listeners with the knowledge and tools necessary to navigate this transition effectively, ensuring that they meet regulatory expectations and mitigate potential penalties.

Takeaways:

• The deadline for self-assessment submissions has passed, January 31, 2025.
• Making Tax Digital (MTD) will require quarterly submissions from those with over £50,000 in income.
• Utilizing compliant accounting software is essential for accurate and timely submissions under MTD.
• It is imperative to declare all sources of income on tax returns to avoid penalties from HMRC.
• If you earned over £1,000 last year, you must prepare for the first payment on account.
• Understanding your financials through accounting software can significantly enhance business decision-making.

To find out more about The Pet Accountant visit our website:

www.petaccountant.co.uk

In this episode of The Pet Accountants Podcast, Vicky and Lee delve into the essentials of bookkeeping for the pet industry, focusing on limited companies and sole traders in the UK.

Discover the various bookkeeping packages they offer, tailored to help you keep your finances in check and ensure your business thrives. Whether you're a small pet shop owner or a large veterinary practice, this episode is packed with valuable insights and practical tips to streamline your bookkeeping process.

Do not forget to subscribe for more Pet Based Podcast episodes, and for more information and to explore their services, visit www.petaccountant.co.uk.

In this episode, Vicky talks about our new resources and courses that can help you with your pet accountancy.

If you want to find out more visit: thomasandclark.co.uk