accounting Archives - Arthur Boyd & Co

Help if you are struggling to meet your tax bills

Help if you are struggling to meet your tax bills Inflation is at a ten-year high and the ensuing cost of living crisis means that many people may be struggling to pay the tax that they owe. If this is you, what can you do about it? While it may be tempting to bury your...

Tax relief for bad debts

Tax relief for bad debts Bad debts are a fact of business life and most businesses will suffer a bad debt from time to time. This may be because the customer goes out of business after the work has been done or the goods have been supplied, or runs into financial difficult...

Pros and cons of the VAT flat rate scheme

Pros and cons of the VAT flat rate scheme The flat rate scheme offers VAT registered traders who meet the eligibility conditions a simpler way to work out the VAT that they need to pay over to HMRC. However, while it may save work, it may also cost more than working out VA...

Tax-free savings income

Tax-free savings income There are various ways to enjoy savings income tax-free. However, not all routes are open to all taxpayers – the options depend on the nature of the savings and the saver’s other earnings and marginal rate of tax. Savings Allowance...

National Insurance changes for the self-employed

National Insurance changes for the self-employed Self-employed people will pay two classes of National Insurance contribution, Class 2 and Class 4, should their profits be high enough. Class 2 contributions are flat rate contributions of £3.15 per week for 2022/23. It ...

Do you work from home? You may be entitled to tax relief post Covid-19

Relief for working from home expenses post Covid-19 The Covid-19 pandemic forced large numbers of employees to work from home for the first time. Having made the transition to home working, post pandemic, many employees have continued to work from home some or all of the t...

Should I change my accounting date?

Should I change my accounting date? It is possible to change your accounting reference date to make your company's financial year longer or shorter than 12 months. However there are certain considerations to take into account. In preparation of the introduction of MTD f...

How to claim tax relief for employment expenses

How to claim tax relief for employment expenses If you are an employee and you personally incur expenses in carrying out your job, you may be able to claim tax relief for those expenses. Relief is only available for employment expenses that you must incur, rather ...

Filing 2021/22 expenses and benefits returns

Filing 2021/22 expenses and benefits returns Employers who provided their employees with taxable expenses and benefits in 2021/22 need to report these to HMRC by 6 July 2022, unless they have been payrolled or included within a PAYE Settlement Agreement. Taxable expense...

Have you claimed the Employment Allowance?

Have you claimed the Employment Allowance? The Employment Allowance is a National Insurance allowance that eligible employers can claim and set against their secondary Class 1 National Insurance liability. The allowance is set at £4,000 for 2021/22 (capped at the emplo...

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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