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Your Questions Answered

Associated Companies

Associated Companies

What are the new corporation tax rates? From 1 st April 2023, the rates at which a company pays corporation tax changed.  If your company made more than £250,000 profit, you’ll pay the main rate of CorporationTax, which is 25%. If your company made a profit of £50,000...

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Employers Pension Contribution

Employers Pension Contribution

Using your company to pay in to your pension plan is a great way to save tax and provide for your future retirement. The payments that the company makes on your behalf are tax free on you! If you are thinking about your end of year tax planning options, do consider an...

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Xero Top Tips: 5 tricks to save you time

Xero Top Tips: 5 tricks to save you time

Xero has become the go to software for streamlined accounting. We have compiled five top tips and tricks that will save you time and enhance the efficiency of your bookkeeping. 1. Tired of chasing payment from your customers? Why not setup reminders in Xero that will...

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Are you Saving into a Pension Plan?

Are you Saving into a Pension Plan?

Jays Accountants recommend that everybody should consider their pension provision for when they retire otherwise you might find that the State Pension could leave you short of funds to live on. Check your State Pension forecast here:...

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Filing Your Self-Assessment Tax Return

Filing Your Self-Assessment Tax Return

If you receive any untaxed income or monies from the sale of any investment, you must file a self-assessment tax return. Failure to file will result in tax, penalties, and interest – that could be substantial. You must file a tax return if: You have been in business...

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VAT and the Domestic Reverse Charge

VAT and the Domestic Reverse Charge

HMRC’s domestic reverse charge for construction services came into force on 1 March 2021. The CIS domestic reverse charge only applies to VAT-registered businesses within the construction industry. If your business is not in this industry or is not VAT registered, you...

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Electric Company Cars

Electric Company Cars

If you are thinking about purchasing a company car, it may be worth considering buying an electric/zero emissions car. Compared to a petrol/diesel car, you will get significant tax benefits if you get an electric car.  An electric car will result in a lower personal...

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Capital Gains & Losses

Capital Gains & Losses

Capital Gains - If you are investing in any assets other than your own home and they grow in value, you will be making a Capital Gain. Any such asset sold or transferred and where subsequently any Capital Gains arise, you must report these to HM Revenue &...

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Selling your buy to let property?

Selling your buy to let property?

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...

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Buy to Let – Undeclared Income

Buy to Let – Undeclared Income

“HMRC don’t know that I receive rental income” If you have and never told them, be aware that they are increasing their focus on you! You may ask “how they would know?” That’s easy as they have access to the Tenancy Deposit Protection Scheme. So, they will find out...

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Budget 2022

Budget 2022

Budget 2022 – What’s its purpose? The latest Budget is going to be painful and will be felt by all. It had to be aggressive to deal with the two biggest issues facing the UK - inflation and the collapse in confidence in the UK economy. We summarise below the main...

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Budget 2021

Budget 2021

Last week, the Chancellor unveiled his long awaited Budget to help the UK get back on its feet. There are wide ranging measures for everybody and we would like to take this opportunity to highlight those that may be of interest to you. We have prepared a downloadable...

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Business Type: Limited Liability Partnership

Business Type: Limited Liability Partnership

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...

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Business Type: Limited Company

Business Type: Limited Company

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...

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Business Type: Partnership

Business Type: Partnership

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...

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Pension Provision

Pension Provision

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...

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Business Type: Sole Trader

Business Type: Sole Trader

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...

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End of Year Planning

End of Year Planning

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...

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Can’t pay your tax?

Can’t pay your tax?

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:...

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Higher Rate Taxpayer?

Higher Rate Taxpayer?

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.

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What Our Clients Say

We are a happy firm, with happy staff but most importantly we have happy clients! Here is a selection of what some of them are saying about us:

Rob Anderson
Rob Anderson
2023-02-02
Professional but friendly service, they explained things every step of the way and gave me full confidence in their service. I can’t recommend them highly enough and will definitely be using them for years to come. Thank you again for your help!
Kimberley Ferreira
Kimberley Ferreira
2022-11-30
Srinder and Ram has been extremely helpful in sorting out our accounts (big mess) for my company due to the last accountants we had. Very nice people to deal with and make you feel at ease. Nothing too much trouble with them and also happy to help on phone or email and get back you the same day. Would highly recommend to anyone from a sole trader to Limited company.
Kay Attwood
Kay Attwood
2022-06-01
After years of trying to do my 'small business' accounts myself, having no formal accounts skills or qualifications, I decided to seek professional help via Jays Accountants. I should have done it years ago! They are so very friendly, professional, helpful and knowledgeable and have already given me plenty of great advice to make the running of my business smoother and therefore, more effective, costs and logistically. I feel a great sense of relief having them only an email or call away, to sort something quickly and efficiently. I'm so glad I have them on board. As for cost, its very economical and not as much as you might think! Yes, I have to pay a little more now to have them but they are worth every penny to me. My accounts are correct and up to date. No more working to the wee hours to get my tax return in on time! That in itself is worth every penny! If you're thinking about getting an accountant or changing, call Jays. You be SO GLAD you did! I am! I'll never look back.
Antko
Antko
2021-07-09
I wouldn’t trust my accounts with anyone else, they tell me exactly what to do and when. Excellent service and always a fast response. Can’t recommend highly enough.
Dawn Hayward
Dawn Hayward
2021-03-10
As a customer of Jays for many years, we can't thank them enough. Great service, advice and support. We know we are in the best hands.
Hannah Proudfoot
Hannah Proudfoot
2020-10-06
We recently switched to Jay's after receiving poor advice from another accountant, and the service has been brilliant so far. Ram & Srinder have made great recommendations for our business accounting, and set us up on a new system and provided training. If you have a small business and are looking for dedicated accountants who provide a personal and reliable service, Jay's is the one!
David Sculley
David Sculley
2020-08-11
Been with Jay's Accountants a few years now. Very happy with the service, always reply to emails promptly and any queries dealt with fast. Having a Home Improvements company, during COVID-19 things haven't been easy, and like many others I had to stop working. The team at Jay's accountant helped me and my wife with the steps to take through the Government support schemes. Highly recommend
R K
R K
2020-06-04
I would highly rate Jays after my initial experience with them. Ram very quickly review my problem and explained his findings. Such a refreshing change to have a user friendly and professional organisation who operate in real time. Highly recommended.
Lisa Winyard
Lisa Winyard
2020-05-05
Jays have been our accountants for a number of years and over this time have provided a professional and first class service. We would not hesitate to recommend Ram, Srinder, Calliope, and Verity who are all friendly, approachable, and extremely knowledgeable. We have a great working relationship.
Viv Ward
Viv Ward
2020-03-20
Our small payroll has been well maintained by Jays and they give good advice at all times

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.

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