O'Boyle Accounting & Taxation Ltd

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O'Boyle Accounting & Taxation Ltd Tax Advise ,Self Assessment, CIS, Monthly RTI submission, VAT Return, Corporation Tax Return, YearEnd

We are very proud to be supporting our local Netball Team with a particular focus on the junior section of the club! Pra...
16/10/2026

We are very proud to be supporting our local Netball Team with a particular focus on the junior section of the club! Praise the young and they'll flourish.

Thinking of going electric for your next company vehicle? There are positive Tax incentives for electric vehiclesCommerc...
17/09/2026

Thinking of going electric for your next company vehicle?

There are positive Tax incentives for electric vehicles

Commercial Vehicle/Van: The big advantage is that you can claim 100% capital allowance (really 100% depreciation) that can then be deducted from your profit to save tax.

Electric Cars: Exactly the same advantage BUT this 100% deduction is only available until March 2027, so for 27/28 you will only be allowed to write down 14% each year.

Ordinary Cars: You can only claim 6% to 14% against your profit

However for all three there are Personal Taxable Charges - BUT these are much lower on Commercial Vehicles and Electric Cars.

Owning or operating an electric vehicle can attract various tax benefits, including exemptions from:

✅fuel duty

✅vehicle excise duty

✅company car tax

✅van benefit charge

✅fuel benefit charge

Need more tax advice? Register as a new client or contact us for more information.

Is September the best time to register a new business?It can be a strategic time to start as summer is often slower for ...
12/08/2026

Is September the best time to register a new business?

It can be a strategic time to start as summer is often slower for some B2B sectors, so companies use it to pilot services or refine products. By early autumn (September), demand surges as children return to school, offices restart, and people prepare to make purchases for the new academic year. September is traditionally one of the busiest registration months – ideal for businesses aiming for strong Q4 sales.

✅Guidance

If you are considering starting up a new business, you need to consider several factors to ensure the best chance of success.

As well as your product or service, you will need to think about:

➡ What you will name your business

➡ What business structure you will use - Sole Trader, Partnership or Ltd. A good accountant will best advise.

➡ How are you going to run your business - Which accounting software to use? A good accountant will also advise & help.

➡ How you are going to attract customers and market your business

➡ How you will finance your business venture

➡ Finding a good accountant to help save you tax and keep your accounts up to speed

✅Why timing matters when registering your company

➡ Financial efficiency

➡ The UK tax year runs from the beginning of April to the end of March.

Gerry O’Boyle and associates specialise in saving tax and other costs for small businesses.We also prepare Accounts and Tax returns for small companies and offers practical advice in running a business. If you are looking to start a new business get in touch today 😀

Hope everyone is having a great Summer so far and enjoying the amazing weather!We are open for business as usual.Please ...
14/07/2026

Hope everyone is having a great Summer so far and enjoying the amazing weather!

We are open for business as usual.

Please contact us for confidential tax advice by phone on 02891 469054 or email at [email protected]. We will always look at ways to save you tax.

Northern Ireland continues to grow as an attractive strategic business locationIn recent years Northern Ireland has quie...
18/06/2026

Northern Ireland continues to grow as an attractive strategic business location

In recent years Northern Ireland has quietly established itself as one of the UK’s most dynamic business locations, particularly within high-growth sectors such as technology, cybersecurity, artificial intelligence, advanced manufacturing, life sciences, and engineering. The region is home to more than 100 companies operating in the artificial intelligence and machine learning sectors, alongside thriving clusters specialising in cybersecurity, robotics, healthcare technologies, and advanced hardware development.

Having a business of any size in NI offers a unique combination of innovation, affordability, talent, and business support that enables organisations to strengthen their market position and pursue sustainable growth. For companies seeking a location that combines operational efficiency with access to world-class expertise and emerging technologies, Northern Ireland is increasingly proving itself to be a destination where businesses can not only compete—but thrive :)

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

Northern Ireland has steadily built a reputation as a dynamic and competitive player on the global stage. Its success is...
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.

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 ...
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..

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...
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.

Looking to purchase a vehicle for your business?Electric Cars: New, zero-emission electric cars currently qualify for a ...
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

The Make Tax Digital (MTD) deadline is approaching...Key Details of MTD for Income and if it affects you :⏱️ Launch Date...
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]

Address

Bangor
BT205DW

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 3pm

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