The #1 Tax Mistake Costing Small Businesses Thousands

Many Birmingham business owners are unknowingly paying more tax than they should—and it’s all down to one common mistake: failing to claim all allowable expenses.

From travel costs to office supplies, there are countless deductions that can reduce your tax bill. But if your records aren’t clear or you're unsure what counts, you could be handing over thousands unnecessarily.

At Gondal Accountancy, we help local businesses avoid this trap. With expert support, you can make sure every eligible expense is claimed—boosting your cash flow and improving your bottom line.

Why This Mistake Is So Costly

• Missed Deductions: Everyday costs like phone bills, subscriptions, and fuel add up.

• HMRC Risk: Poor record keeping increases your audit risk.

• Cash Flow Impact: Overpaying tax limits how much you can reinvest in your business.

How to Avoid It

✅ Keep accurate records of every expense
✅ Use accounting software to stay organised
✅ Work with a trusted accountant to maximise savings

💬 Don’t let tax mistakes drain your profits.
📞 Contact Gondal Accountancy today for expert advice tailored to your business.

Disclaimer: Please be advised that the content of this blog is meant to serve as general information only, and should not be considered as tax advice. Given the complexity of tax laws and the potential for regulatory changes, it is strongly advised that you seek the guidance of a qualified tax professional or financial advisor prior to making any decisions based on the information contained in this blog. Please note that neither Gondal Accountancy nor its staff assume any responsibility or liability for any decisions made or not made as a result of the information presented in this article.