Blogs

Should I reduce my payments on account?

Should I reduce my payments on account? The deadline for filing your 2019/20 tax return is fast approaching, as is the due date for the first payment on account for 2020/21. Now is the time to think about whether you can reduce your payments on account. Need t...

More time to pay back deferred VAT and tax

More time to pay back deferred VAT and tax At the start of the pandemic, the following options were available: VAT registered businesses could defer VAT payments that fell due in the period from 20 March 2020 to 30 June 2020. Self-assessment taxpayers could delay their ...

Tax implications of making loans to directors

Tax implications of making loans to directors Where a family company has cash in the bank but profits have been adversely affected, the directors may take a short term loan to enable them to meet personal bills. This loan can be cleared with a dividend payment when busines...

Self Employment Income Support Scheme extension

SEISS extended again The Self Employment Income Support Scheme (SEISS) helps the self-employed whose businesses were affected by Coronavirus. The second payment under the scheme, which was payable from mid-August, was due to be the final payment under the scheme. Howeve...

Recovering VAT on the construction of residential buildings

Recovering VAT on the construction of residential buildings The sale (or long lease – more than 21 years) of new residential housing is a zero-rated taxable supply, so normally a business would expect to be able to recover all the VAT connected with the construction and...

Paying family members

Paying family members Regardless of the business structure (for example limited company or sole trader) it is possible to employ family members. This has some obvious advantages including matters of trust and reliance etc. There may also be financi...

Preparing for 2021 changes: Customs grants available

Preparing for 2021 changes: Customs grants available In June 2020, the Government announced that it was making funding available to customs intermediaries and businesses to help increase their capacity to make customs declarations. Broadly, businesses need to prep...

Kickstart Scheme

Kickstart Scheme In the July Economic Statement, as part of his Plan for Jobs, Chancellor Rishi Sunak announced that a new Kickstart Scheme would shortly be launched with the aim of creating hundreds of quality jobs for young people aged between 16 and 24 years old. The...

Electric company vans and the benefit in kind charge

Electric company vans and the benefit in kind charge If an employee is able to use a company van privately, a benefit in kind tax charge may arise. The exception to this is if the van meets the conditions for a pool van (basically one used by several employees and not gene...

Paying inheritance tax in instalments

Paying inheritance tax in instalments Inheritance tax is normally payable by the end of the sixth month following that in which the person died. So, for example, if someone died on 4 April 2020, any inheritance tax due on their estate would be due by 31 October 2020. Of...

What our customers have to say:

Arthur Boyd & Company prepare our annual accounts and provide assistance with book-keeping and management accounts as and when we require it. They make the process simple and hassle free and explain everything in detail. We liaise with them on a regular basis and find them prompt, efficient and easy to deal with. They provide advice on all sorts of matters such as pricing/margins, business expansion, director’s duties and tax implications of potential transactions, in clear, concise terms which are easy to understand.
Mauds Ice Creams Ltd
"I found the process of winding up my company very easy and quick, thanks to your help and guidance. Throughout the process, your communication was prompt and clear."
Director of an owner managed company, wound up by way of a CVL
"We have been with Arthur Boyd & Company from the very beginning. The staff are always friendly, professional and helpful. They have provided us with sound business and tax advice throughout the years, and really do go the extra mile to help. We are very happy clients and will continue to use their services."
Bell family, hauliers & farmers
"I wish I had contacted the team at Arthur Boyd & Company earlier, but when I did, it was a weight off my shoulders. I thought I had no options, but they sorted out my financial issues and I can now get on with my life."
Past IVA client
"Arthur Boyd & Company have worked very closely with us over the years. They do so much more than simply prepare our accounts and tax returns. We often phone them for advice or simply to sound out ideas. Their support has been invaluable."
Fegan Transport Ltd
"Arthur Boyd & Company were a great source of comfort for me. I was going through a tough time with my finances and they really helped me get through it with their advice and guidance. I would recommend them to anyone."
Past IVA client

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