What are the opening hours?

Wednesday 9:30am - 4:30pm Thursday 9:30am - 4:30pm Friday 9:30am - 4:30pm

Elementary Accountancy Services

Home
United Kingdom
Barnsley
Elementary Accountancy Services

We are not your typical accountancy practice. Helping you focus on what matters, your business.
(4)

05/06/2026

🚗 Mileage Rate Increase – What this means for you as a business owner
If you’re a sole trader or company director using your own car for work, this is a really positive update 👇
From 6 April 2026, HMRC has increased the mileage rate from 45p to 55p per mile (for the first 10,000 business miles).

Why this is good news for you:

Sole traders:
You can now claim more against your profits, reducing your tax bill

Company directors (using your own car):
Your company can pay you 55p per mile tax-free – no tax, no NI

Catch-up opportunity:
The increase is backdated to 6 April 2026, so you may be able to top up earlier claims this year [moneysavin...expert.com]

📊 Quick reminder of the rules:

55p per mile – first 10,000 business miles
25p per mile – over 10,000 (unchanged) [gov.uk]
Applies when using your own personal vehicle for business

💡 For many owner-managed businesses, this is one of the simplest and most tax-efficient ways to extract money from the company.

If you’re not currently claiming mileage – or not sure if you’re doing it correctly – it’s definitely worth a quick review.

30/05/2026

If anyone is at a loose end today, come and support our lovely friend and client Francesca at her Holistic Fayre at The Cluntergate in Wakefield The Wise Womb Woman Francesca Crosfill ❤️

29/05/2026

Happy Biscuit Day! 🍪✨

Whether you love them dunked in a brew, sandwiched with cream, or straight from the packet, today is all about celebrating the humble biscuit in all its delicious forms 😍

From classic digestives to cheeky chocolate treats, there’s a favourite for everyone…

👇 Tell us your favorite biscuit in the comments!

21/05/2026

✨ It’s that time of the month again…TEDDY’S TAX TIPS! ✨

📈 Thinking about how to extract maximum tax efficiency from your business this tax year ends? Have you thought about making additional pension contributions?

The tax rules vary depending on whether you are a company director or a self employed person, so let's break down the key differences:

*Sole Trader* : personal tax relief as a self-employed individual, you make personal contributions out of your net (taxed) income.
Basic Rate Relief: Your pension provider automatically tops up your contribution by 20%.
Higher Rate Relief: If you are a 40% or 45% taxpayer, you must claim the remaining 20% to 25% tax relief manually through your Self Assessment tax return.

*Limited Company director* : You should make employer contributions directly from the company bank account.
Corporation Tax Deduction: The contribution is treated as an allowable business expense. This directly reduces your company’s taxable profits, saving you up to 25% in Corporation Tax.
National Insurance Holiday: Money paid directly into your pension bypasses National Insurance entirely—saving both the employer and employee portions.

Is your set up the most tax efficient for your personal circumstances?
(we don't give advice on types of pension etc, only the tax treatment).

As always, any questions please give us a shout!

12/05/2026

📢 MTD Reminder 📢

Quick Update: Is your income over £50,000?

If you’re self-employed or a landlord earning more than £50,000, the way you report to HMRC is changing.

Making Tax Digital (MTD) is coming, and it’s time to get ready!

What you need to do:
✅ Switch to digital record-keeping, using MTD-compatible software.
✅ Prepare for quarterly updates - instead of just one annual return.
✅ Sign up soon to avoid the last-minute rush and potential penalties.

Don't get caught out by the deadline—start tracking your tax digitally now to stay compliant and see exactly where your finances stand.

Questions? Check your status on GOV.UK or drop a comment below! 👇

04/05/2026

Hello everyone time for another of my tax tips! As beer garden season is upon us, thought I would cover entertaining as it’s one people get wrong a lot!

Starting with the bad news there is no tax relief for entertaining customers or suppliers, this applies for both companies and sole traders.

Entertainment can be an important business expense so you should still record it to get a good picture of your business costs but don’t include it in your tax return!

https://www.gov.uk/expenses-if-youre-self-employed/marketing-entertainment-subscriptions

However, the good news! If you have staff (or you are a director on the payroll of your limited company) you can claim up to £150 a year for each employee and their partner that you have spent entertaining them. Usually people use this to have a “Christmas party” but it can be spent across the year for things like after work drinks too! Just be careful not to exceed this allowance as this then creates a taxable benefit for your employees!

https://www.gov.uk/hmrc-internal-manuals/business-income-manual/bim45033

https://www.gov.uk/expenses-benefits-social-functions-parties

As always there are a few rules and exemptions to be aware of so we’ve included a few links! If you have any questions or need any help give us a shout!

30/04/2026

🚨 VAT DEADLINE REMINDER 🚨

If your VAT quarter ended on 31st March, your submission and payment deadline is 7th May.

Make sure everything is filed on time to avoid any penalties ⏰

22/04/2026

🌍 Happy Earth Day from all of us at Elementary Accountancy 🌱

Today is a great reminder that small actions can make a big difference — not just for the planet, but for the future of our businesses and communities too.

As an accountancy practice, we’re committed to doing our part by:
✔️ Reducing paper use and embracing digital solutions
✔️ Supporting clients who want to operate more sustainably
✔️ Continuously reviewing our own environmental impact

Sustainability isn’t just good for the planet — it’s smart business.

We’d love to hear from you — how are you making your business more sustainable?

21/04/2026

Happy National Tea Day! ☕️💛

There’s nothing better than a good brew to start the day or wind down in the evening. Whether you’re a classic builder’s tea kind of person or you like something a bit different, today’s the perfect excuse to put the kettle on!

How do you like your tea? ☕️

07/04/2026

🚨 New tax year starts now!

Don’t wait until deadlines creep up.
Start the year strong with organised accounts, better planning, and clear financial goals.

Let’s make this tax year simpler, smarter, and stress-free.

📩 DM us today to get set up.

Address

Barugh Green
Barnsley
S751FX

Opening Hours

Wednesday	9:30am - 4:30pm
Thursday	9:30am - 4:30pm
Friday	9:30am - 4:30pm

Website

https://elementaryaccountancy.co.uk/

Alerts

Be the first to know and let us send you an email when Elementary Accountancy Services posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Elementary Accountancy Services:

Shortcuts

Want your business to be the top-listed Accountant in Barnsley?