Your Questions Answered
On Friday 20th March, the Government announced help for VAT registered businesses. We detail below what that help means. UK based businesses who are VAT registered will now be able to defer their VAT payments that would be due within the period 20th March 2020 to 30th...
Last night, 26th March, the Chancellor addressed the remaining issue of helping the self-employed who have been unable to work due to Covid-19 or have lost work due to that virus. We summarise below those businesses that are eligible for this additional relief and how...
On Friday, 20th March, the Chancellor announced unprecedented levels of support for the British economy. The measures announced provided much need relief to employers, employees and businesses, we details those below. However, a big omission was the self-employed,...
Everything that we have said about Partnerships in the preceding post applies equally to Limited Liability Partnerships (LLPs). The LLP came into existence a few years ago following pressure from the legal and accountancy professions. The problem with standard...
If you are an investor in residential lettings or had let your previous home and now you want to sell your property, you should consider selling before 5th April 2020. Some of the changes that will happen in the new tax year are: Filing a return within 30 days of sale...
Limited companies have been around for several centuries and were typically used to fund new ventures such as overseas colonisation / exploitation. The rules governing companies were fairly loose compared to today's regulations and after several court cases in the...
Second only to sole traders / proprietors, partnerships have been around for centuries and in 1890, the Government passed the Partnership Act 1890. For our purposes, we need to look at Section 1 which defines a partnership as "the relation which subsists between...
Providing for your future is important as people live longer and every day we see reduction in services for the aged and Government reducing the value of the State pension. You should consider contributing regularly to a personal pension scheme. If you are a basic...
This is the simplest and easiest form of business to set up. The terms sole trader / sole proprietor are the same and similarly being "self-employed". This business type can be used for any type of trade or vocation (service business). Officially, the only obligations...
Create a small checklist of things to consider before the end of your accounting period. The checklist should consider matters that are time relevant to you company accounting date and also applicable to the tax year ending 5th April.Matters Relevant to your Accounts...
If you are unable to pay your tax, HM Revenue & Customs have now softened their approach and are more amenable if you are having genuine difficulties. There guidance can be found here:...
If you are paying tax at a higher rate, consider making additional pension payments, especially if you have self-employed earnings so that you are getting more money into your pension.
What Our Clients Say
Ram was very supportive when I was setting up my own business; he recognised, and advised me, when it was appropriate to evolve my business to maximise my income. Ram is personable and approachable. I have no hesitation in recommending his services to others.
Ram has provided us with efficient year end accounting, regular guidance on best tax practice and deliver clear advice to help us manage our growth. Most important he has a confident approachable manner.
Ram is a true professional who works to the highest standards. He offers good advice and he is customer focussed, always adding the personal touch to our business dealings. I would not hesitate to recommend Ram and ‘Jays’ to anyone.
Incredibly personable and we have built a strong relationship which is completely based on trust, honesty and transparency.
Professional and efficient throughout the whole process……with a high level of integrity with very reasonable rates.
We have used Jays from the start and rely on them not just for bookkeeping and accounts but to advise on how we can best meet some of the challenges of financial management in a fairly complex, international and fast-moving business.
Getting comprehensive advice that goes beyond routine accounting and in plain English is vital for new and growing businesses.
Jays do offer a complete “start-up service” for small businesses which can include all the accountancy services necessary to … maintain the business: tax, VAT, annual reports, PAYE, dividends etc etc. I would not hesitate to recommend Jays.
Jays provides me with the confidence of knowing my accounts and financial returns are in order so that I can concentrate on the other aspects of running a successful business. Ram and his team at Jays run a professional business with a personal touch.
Ram is the man with a plan when it comes to saving tax. He provided sound advice on tax-planning and money saving to a client of mine who was facing a large capital gain problem. As a general accountant he is approachable, knowledgeable, practical and down-to-earth.
The team at Jays have supported our business growing from a single employee to a team of six. Jays have provided us with Bookkeeping, Payroll, VAT, Monthly management accounting (to very tight deadlines) and Statutory accounts required for a UK Limited company.
There are few Accountants out there that offer sound, structured and relevant personal and commercial advice. I have used Ram at Jays for many years as he has consistently delivered accounts on time and accurately.
I have found them to live up to their promise of ‘making numbers talk’. They have taken on everything from filling in forms on our behalf to our monthly payroll and have trained us to use a more streamlined ongoing accountancy system… They are always there at the end of the phone to offer us help and advice.
With their professional attitude and flexible approach, we would have no hesitation is recommending them to any potential client.
…provides a reliable and cost effective service for routine matters such as payroll, and VAT, yet is always available to deal with the more difficult questions of tax, finance, leasing etc.
Jays Accountants has been fully responsible for the annual accounts and ongoing accounting support for all aspects of my business since 1992. On all occasions Jays accountants have provided the financial leadership required. Always professional, always trustworthy and great results.
Many thanks for your work, advice and assistance over the last three years, and should I venture back to start another business, I would not hesitate to use your services again.
Our transition to Jays Accountants has been seamless and we have been very impressed at the speed with which they have become familiar with our business. We cannot recommend them enough and have already passed on their details to a number of our business contacts.
They have revolutionised the way we deal with our financial and management accounting as a business.
Ram is dependable and knowledgeable and has a transparent ‘no nonsense’ way of guiding people through the complicated process of keeping books, paying tax and managing accounts.
Not knowing which accountant to approach, I happened across Jays Accountants while searching the internet. Liking what I read I made contact with Jays and I have to say that I have not been disappointed.
They have been a breath of fresh air for our business. Key strengths include the interest and energy.
I have found Ram to be very professional, trustworthy and dependable in all my dealings with him. He provides excellent advice and service.
I’ve recommended him to many of my colleagues and friends and based on their consistently positive feedback I know he provides a high quality of service to all of his customers.
We have more, but that would be just showing off! Why not call us today and find out exactly why over 400 of our clients are happy? We’ll make sure that you leave our office with a smile and the confidence that we’ll help you and your business.