Arthur Boyd & Company Accountancy and Insolvency Specialists

✨Who are we❔

We are Arthur Boyd & Company. We are an accountancy practice that specialises in personal insolvency and business recovery.

✨What do we do❔

We provide solutions to debt, and have been helping people to become debt free for over 25 years

⚠ Worrying stats released by The Money Charity have revealed that 15.3 million of UK adults (which is around 29%) say they have had to use to pay for essentials. This is an increase of 2.1 million people since March 2022 😰

📢 If you are struggling to pay a Self-Assessment tax bill, you may be able to agree to pay the bill in instalments.
Read 👀this article to find out how to set up a Time to Pay arrangement 👉🏽https://arthurboyd.co.uk/help-if-you-are-struggling-to-meet-your-tax-bills/

Help if you are struggling to meet your tax bills - Arthur Boyd & Co If you are struggling to pay your self-assessment tax bills, help is available. You may be able to set up an instalment plan online.

Our office will be closed on Monday 29 August for the bank holiday ☀

Have a lovely long weekend everyone! 🏖😎🧘🏽‍♀️

Making The Most Of Your Vacation: How To Actually Take Time Off A vacation from your work will make you more effective. Use these strategies to get away from your work, even if you’re not going away from home.

🤔Did you know that Individual voluntary arrangements ( ) allow you to make affordable payments to your over a fixed time. Interest & charges are frozen & they can allow for debt write-off. Find out more 👉🏽

I need help with debt, could an IVA be right for me? - Arthur Boyd & Co An IVA is a way of dealing with your debts, protecting your assets and avoiding bankruptcy. In some cases you can write off 85% of your debt.

Did you know...👀 by making the most of the savings starting rate band, the personal savings allowance and tax-free savings accounts, such as ISAs, it is possible to maximise your tax-free savings income 🎉🎉 Our Tuesday Tax Tips article this week explains how 👉🏽
http://ow.ly/nHnL50Kl1Nl

Tax-free savings income - Arthur Boyd & Co By making the most of the savings starting rate band, the personal savings allowance and tax-free savings accounts, such as ISAs, it is possible to maximise your tax-free savings income.

📢 We are hiring!

Are you ready for a new challenge?

⭐ Would you like to work in a friendly office environment? ✔
⭐ Would you like a flexible role, with the option to work from home part of the week? ✔
⭐ Would you like to finish at 1pm on a Friday? ✔

Some exciting opportunities have arisen within our accounts and tax team for the following roles: -

➡Trainee accounts technician
➡Qualified & part qualified accounts technician
➡Trainee accountant (CAI study support)
➡Experienced book-keeper

If this sounds like something that you would be interested and for more information on the roles available and how to apply, please see 👀 http://ow.ly/Y2kq50KbvA1

📢 Hurry, as positions close on Friday 26th August!

Careers - Arthur Boyd & Co We are a long-established firm of Chartered Accountants and Insolvency Practitioners based in Belfast. Due to an exciting period of growth, a number of new job opportunities are available within our accounts and tax team.

📢 New career opportunities alert

Are you ready for a new challenge?

⭐ Would you like to work in a friendly office environment? ✔
⭐ Would you like a flexible role, with the option to work from home part of the week? ✔
⭐ Would you like to finish at 1pm on a Friday? ✔

Some exciting opportunities have arisen within our accounts and tax team for the following roles: -

➡Trainee accounts technician
➡Qualified & part qualified accounts technician
➡Trainee accountant (CAI study support)
➡Experienced book-keeper

If this sounds like something that you would be interested and for more information on the roles available and how to apply, please see 👀 http://ow.ly/Y2kq50KbvA1

📢 Hurry, as positions close on Friday 26th August!

Careers - Arthur Boyd & Co We are a long-established firm of Chartered Accountants and Insolvency Practitioners based in Belfast. Due to an exciting period of growth, a number of new job opportunities are available within our accounts and tax team.

🆘 The cost of living crisis is particularly hard for low-income families with 20% of UK households now having ‘negative disposable income’ – resulting in a shortfall of £60 per week in June between what they earned & what they needed to spend on essentials such as mortgage, rent, utility bills and transport costs.
http://ow.ly/Yo9b50K9n26

Household disposable income falls by 18% in June - Credit Connect The average household was £175.80 worse off in June this year than they were in the same month in 2021, according to the Centre for Economics and Business

Section 455 tax is payable by a company where a director’s loan remains outstanding at the corporation tax due date.
Read this article to find out about rate of the tax and the steps that can be taken to avoid it 👉🏽http://ow.ly/JzYk50K4jyP

Loans to directors – beware of the higher section 455 charge - Arthur Boyd & Co Section 455 tax is payable by a company where a director’s loan remains outstanding at the corporation tax due date.

Life is getting more expensive for all of us at the minute, and rising living costs are a concern for households across the country.
Check out 👀 some useful tips from the team at@WhichUK

17 ways to save money on your household bills and living costs in 2022 - Which? News Expert advice on cutting your fuel usage, food costs, energy bills and more

As many employees began working from home during the pandemic, the government introduced tax reliefs for household expenses and work equipment. While the rules are no longer in force, there are reliefs still available for those working from home. Read this article to learn what reliefs are available 👉🏽
http://ow.ly/pz4w50JOniS

Do you work from home? You may be entitled to tax relief post Covid-19 - Arthur Boyd & Co Covid forced many to work from home & costs were incurred as a result. Tax legislation allows employers to help towards some of these costs.

With the introduction of MTD for income tax just around the corner, now might be a good time to consider changing your accounting date.
In this article you can learn about the benefits and pitfalls of changing your accounting date and how best to accommodate it if you do. 👉🏽 https://arthurboyd.co.uk/should-i-change-my-accounting-date/

Should I change my accounting date? - Arthur Boyd & Co You can change your accounting reference date to make your company's financial year longer or shorter than 12 months.

📢 Due to the pandemic, the carry-back window for loss relief rules was changed. Where companies are making a claim for relief under the extended rules, the claim can be made online rather than waiting until the company tax return is filed.
👉🏽 In this article, you can learn more about the extension and how to claim 👀 https://arthurboyd.co.uk/companies-claim-extended-loss-relief-online/

Companies – claim extended loss relief online - Arthur Boyd & Co To help companies realising losses as a result of the Covid-19 pandemic, the loss relief rules have been amended.

❓ Did you know, you can claim tax relief for any costs your company incurs before it starts trading.
In this article, you can learn what sort of costs you can claim relief for and how to claim the relief for your business 👀
👉🏽 https://arthurboyd.co.uk/relief-for-pre-trading-expenses/

Relief for pre-trading expenses - Arthur Boyd & Co It is a given that tax relief is given for business expenses incurred. Did you know that relief is also given for pre-trading expenses.

📢 National Insurance Contributions will be increasing for the tax year 2022/23 to ringfence funds for adult health and social care.

In its February 2022 Employer Bulletin, HMRC asked employers to include a message on employees’ payslips to reflect this – find out what the message should read in this article…👀

👉🏽https://arthurboyd.co.uk/identifying-nic-increases-on-the-payslip/

Identifying NIC increases on the payslip - Arthur Boyd & Co The NIC increases are a temporary increase pending the introduction of the Health and Social Care Levy from 6 April 2023.

📢 If you provided employees with taxable and expenses benefits returns in 2021/22 you’ll need to report these to HMRC by 6th July 2022. In this article, we’re exploring the different ways you can report employee taxable expenses and benefits to HMRC 👉🏽https://arthurboyd.co.uk/filing-2021-22-expenses-and-benefits-returns/

Filing 2021/22 expenses and benefits returns - Arthur Boyd & Co If you provided your employees with taxable expenses and benefits returns in 2021/22 you need to report these to HMRC by 6th July 2022.

Are you experiencing difficulties managing your ? 🥺
Are you aware of what debt options may be available? 🤔
If you are struggling to repay your debts, wish to safeguard your home, and avoid bankruptcy; then an IVA may be a debt solution for you.
👉🏽 Individual voluntary arrangements ( ) put you back in control.
👉🏽 An IVA will allow you to make affordable payments towards your debts over a fixed period of time.
👉🏽 An IVA allows for interest & charges to be frozen.
👉🏽 An IVA can legally write-off a percentage of your debt.
👉🏽 An IVA is a private arrangment between you and your creditors.
To find out more ➡ check out our blog 👀
Arthur Boyd & Company | Professional Debt Advice You Can Trust
http://ow.ly/6i7p50FX3YM

Happy St. Patrick's Day from all of the team at Arthur Boyd & Company! ☘☘☘

Our office will be closed on Thursday 17 March & will reopen at 8.30am on Friday 18 March

Happy St. Patrick's Day from all of the team at Arthur Boyd & Company ☘☘☘

Our office will be closed on Thursday 17 March & will reopen at 8.30am on Friday 18 March

📢 If your business is potentially viable but struggling with cash-flow problems or facing threats from creditors, a Company Voluntary Arrangement ( ) could be the solution.
A CVA will:
✔ allow for debt write-off,
✔ stop creditor pressure &,
✔enable your company to continue to trade.
Get in touch, to find out more 🔽
http://ow.ly/vVKf50HzGAW

Is it worth making extra pension contributions before the new tax year begins? 🤔

This article will help you understand your annual allowance and how to maximise your pension contributions while considering the tax implications.



https://lnkd.in/ebDUTs_D

Is it worthwhile making additional pension contributions before 6 April 2022? - Arthur Boyd & Co Contributions into a registered pension scheme attract tax relief as long as the contributions are covered by the available annual allowance.

Happy International Women's Day from all the amazing ladies at Arthur Boyd & Company! 🙌🏼



Bronagh Watson Lorraine McMullan Sarah Moore Nancy McMullan

📢 If your company is no longer trading and you don’t have any other income from it you should tell HMRC that it is dormant.

Good news is, that this means you won’t need to file a company tax return or pay corporation tax.

In this article learn how and when you should declare your company as dormant 👉🏽 http://ow.ly/O8IU50HVJ7o

Do I need to tell HMRC that my company is dormant? - Arthur Boyd & Co A company does not need to pay Corporation Tax or file another Company Tax Return once they've told HMRC their company is dormant.

❓ Did you know that you can claim tax relief for any revenue and capital expenses that you may incur when setting your business up?
📌 In this week's Tuesday Tax Tips find out what count as pre-trading expenses and how and when you can claim relief on them 👉🏽 http://ow.ly/uEn950HPyBi

Tax relief for pre-trading expenses - Arthur Boyd & Co When expenses are incurred in setting a business up, relief is available under the pre-trading expenses rules.