O'Boyle Accounting & Taxation Ltd

20/05/2026

Northern Ireland has steadily built a reputation as a dynamic and competitive player on the global stage. Its success isn’t down to a single strength, but rather a powerful combination of world-class talent, cost competitiveness, a supportive business environment, and resilient infrastructure. Together, these advantages have helped shape a diverse economy driven by innovation and growth.

Here’s a closer look at six sectors where Northern Ireland is not just participating—but thriving.

💚 Hospitality & Tourism

💚 Creative Technologies

💚 Food & Drink

💚Advanced Manufacturing & Engineering

💚Fintech & Financial

💚Life & Health Sciences

O’Boyle Accounting & Taxation specialises in saving tax and other costs for small businesses. We also prepare Accounts and Tax Returns for small companies and offer practical advice in running a business in all sectors. Read more about this on our latest news section on our website.

20/04/2026

Do you still need to make the move to Making Tax Digital (MTD)

MTD for Income Tax began this year on April 6, 2026, for self-employed individuals and landlords with qualifying gross income over £50,000, requiring digital record-keeping and quarterly updates to HMRC via compatible software.
Thresholds drop to £30,000 in April 2027 and £20,000 in April 2028.

Key Requirements & Timeline :

Phase 1 (April 6, 2026): Mandatory for sole traders and property landlords with combined qualifying income over £50,000.

Phase 2 (April 6, 2027): Mandatory for those with income over £30,000.

Phase 3 (April 6, 2028): Mandatory for those with income over £20,000.

Reporting: Instead of one annual return, users must submit four quarterly updates, an End of Period Statement (EOPS), and a final declaration annually.
Digital Records: Transactions must be recorded digitally (no manual paper books) and submitted using HMRC-recognized software.

Get in touch for any further queries if this affects you..

09/03/2026

Pensions/Saving Tax: Now is a good time to think of pensions as we're getting close to the end of the tax year (31 March). One of the easiest ways for an individual or business to save tax is to put money towards a pension. If you're a high rate tax payer, every £60 you put in will gross up to £100. In anyone's language this is a great low risk investment that will save you a lot of tax. If you are a PAYE worker you can do this through your job and even put an extra payment (AVC) through this month before tax year end. If you're a business you can do this through a private pension. If you don't have a private pension set up (or a financial advisor) we can put you in touch with our Financial Partners who we work closely with in this area.

06/03/2026

Looking to purchase a vehicle for your business?

Electric Cars: New, zero-emission electric cars currently qualify for a 100% First-Year Allowance (FYA), allowing the full cost to be deducted from taxable profits in the first year, but this benefit ends March 31, 2027, after which standard writing-down allowances (18% per year) will apply instead. There is also a lower Benefit in Kind tax on electric cars. For the 2025/26 tax year, electric company cars are taxed at only 3% of their P11D value, increasing to 4% for 2026/27, and 5% for 2027/28.

For more advice please contact us at [email protected] or call 02891 469054

17/02/2026

The Make Tax Digital (MTD) deadline is approaching...

Key Details of MTD for Income and if it affects you :

⏱️ Launch Date: From 6 April 2026, for those with income over £50,000; from April 2027, for those with income over £30,000.

🟢Requirements: You must use HMRC-compatible software to maintain records, send quarterly updates, and submit a final declaration.

🟢Scope: Applies to individuals with self-employment or property income.

🟢VAT: MTD for VAT is already mandatory for VAT-registered businesses with taxable turnover above the threshold.

🟢Exceptions: You can apply for an exemption if you are digitally excluded (e.g., due to age, disability, or location).

More information on our website news section or call / email us at [email protected]

23/12/2025

*Closed for the holidays*
The office closed today and we will reopen at 9am on Monday 5th January 2026, so our team can have a well deserved break. See you all in the New Year 🎊

10/12/2025

Wishing you a Merry Christmas from all of us here at O’Boyle Accounting.

All at O'Boyle Accounting have had a busy month so far meeting the Limited Company filing deadline - so now we are getting ready for recharging our batteries over Christmas so we're ready for the Sole Trader/Self Assessment deadline on 31 January.

Our offices will be closed from 12 noon on Tuesday 23rd and re-open at 9am Monday 5th January. Have a wonderful Christmas!

27/11/2025

There is a lot of detail in the Budget, but the main story is that the Chancellor has again frozen all the tax thresholds for an additional three years.

This is just a clever way of taxing everyone who gets a wage increase. By April 2028, the thresholds (personal allowance of £12.5k and the high rate where you would be paying tax at 40%) will have been frozen for seven years.

There is also a small increase in taxes on property and savings from 2027, and dividend income from April 2026.

O'Boyle Accounting will always help you with ways of saving tax. We sometimes advise people on putting more money into a pension. That's still good advice but be careful if you're thinking about going for a 'salary sacrifice' because from April 2029 this will be limited to £2,000 per annum. Above this threshold, you will have to pay National Insurance.

05/11/2025

Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA) represents a significant modernisation of the UK's tax system for sole traders and landlords. The core of the policy requires these individuals to maintain digital business records and use MTD-compatible software to provide quarterly updates on income and expenditure to HM Revenue & Customs (HMRC).

Are you ready? Talk to us at [email protected] or call 02891469054

Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA) represents a significant modernization of the UK's tax system for sole traders and landlords

30/09/2025

What is the current vehicle allowance for limited companies?

We have the latest update on our new blog post on our website.

Read on for tax savings from your friendly accountants at O'Boyle Accounting and Taxation.

We will always work in your favour to claim as many allowances as possible and cut your tax bill. Join other companies that work with us and reduce tax today.

What is the current vehicle allowance for limited companies? Read the most up to date information on our 2025 post.