What are the opening hours?

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

ProEdge Associates Limited, Unit 1H, Grovemere House, Ely (2026)

We offer a full range of services including Payroll, VAT, Bookkeeping, Management Accounts, Year End Accounts.

07/11/2025

MTD for ITSA is fast approaching!

HMRC is sending two sets of customer letters between November 2025 and March 2026. Here's what you need to know.

The rollout of Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) is fast approaching so HMRC is getting in touch with eligible customers to remind them about the changes.

If your gross revenue is £50,000 or more a year from self-employment and property, you will need to use MTD for ITSA, and can expect a letter from HMRC. There are two kinds of letters being sent:

• Mandation letter notifying customers that, based on HMRC data, they will be mandated to use MTD for Income Tax from April 2026

• Unrepresented taxpayers additional prompt letter to people without a tax agent who had not filed their 2024/25 tax return by 31 August 2025, raising awareness of MTD for ITSA

Most importantly, if you do not receive a letter, HMRC says it is still your responsibility to check if and when you need to use MTD for ITSA.

Please get in touch for a free, no obligation chat if you need help with the upcoming changes.

29/01/2025

Struggling to pay your tax bill?

If you cannot pay your tax bill in full, you may be able to set up a payment plan to pay it in instalments. This is called a 'Time to Pay' arrangement.

https://www.gov.uk/difficulties-paying-hmrc/pay-in-instalments

16/12/2024

Thinking of rewarding your staff this Christmas? 🎁

Read below on a more tax efficient way of doing this. Using Non-refundable vouchers as a trivial benefit could work for you.
Since 2016 there has been no charge to tax and NIC on “trivial” benefits provided to an employee. This means that these do not need to be shown as a benefit on a form P11D but are still tax deductible in the company accounts.
What is a trivial benefit?
It’s a gift to an employee, not linked to their duties. For example a bunch of flowers, a candle, office ice creams on a sunny day, gift vouchers on their birthday etc.
The rules state:
the cost must not exceed £50 (or £50 per person in the case of a benefit provided to several employees at once);
the benefit must not consist of cash or a credit token (including the use of a credit card);
there should be no salary sacrifice involved; and
provision of the benefit can not be linked to any particular services provided by the employee.
There is no limit to the number of trivial benefits allowed to staff in the year.
However, in the case of directors and their family members the trivial benefits are capped at £300 per year.
An example could be buying an employee a gift around the time of their birthday, sending an employee flowers to celebrate an event, giving a gift voucher to show appreciation to a member of staff.
Happy Birthday, Happy Easter, Happy Christmas, Happy Friday, Happy Valentines, Happy Halloween!
Remember if you are the director of your own limited company and you receive a salary via the company payroll then you are also an employee and therefore are entitled to receive trivial benefits from your company.
These are capped at £300 per year, however you could ‘gift’ yourself a John Lewis or Amazon voucher six times throughout the year to enjoy this tax free perk!

31/10/2024

What's in the Autumn Budget 2024?

• 1.2% increase to National Insurance contributions

From April 2025, there will be an increase to the amount of NI contributions an employer must make, and the primary threshold will be lowered from £9,100 to £5,000. Although the threshold has been lowered, the amount of NI a business can offset will increase as the employment allowance will change from £5,000 to £10,500.

• Freeze on the Income Personal tax threshold will end in April 2028

The chancellor confirmed that the freeze on income tax and NI thresholds will end in April 2028. From 2028-29, personal tax thresholds will be updated in line with inflation.

• Changes to the minimum wage

The National Living Wage for workers over 21 will increase by 6.7% in April 2025 to £12.21 per hour. Meanwhile the National Minimum Wage for 18 to 20 year olds will go up by 16% to £10 per hour.

• Update on business rates

The current 75% discount is set to expire April 2025, this will be replaced by a discount of 40%.

• Corporation Tax

The main rate of Corporation tax for businesses with taxable profits over £250,000 will remain at 25% until the next election.

• Capital Gains Tax

CGT rates for disposal on or after 30 October 2024 will increase from 10% to 18% and the higher rate from 20% to 24%. The rate for Business Asset Disposal Relief and Investors' Relief will increase from 6 April 2025, and will increase again to match the lower main rate at 18% from 6 April 2026.

30/10/2024

Budget day today, please come back later to see what the announcements mean for you and your business.

Address

Unit 1H, Grovemere House
Ely
CB63NW

Opening Hours

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

Website

http://ProedgeAssociates.co.uk/

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