Elite Accountancy Services

Elite Accountancy Services Elite Accountancy Services Ltd is the numbers driven strategic adviser providing a proactive and personal service to all clients.

A wide range of accounting services are provided such as financial accounts, tax returns, payroll, book-keeping and VAT.

Elite Accountancy Services Shortlisted For Fourth Consecutive Ilkley Business Award. We’re thrilled to announce that Eli...
07/02/2025

Elite Accountancy Services Shortlisted For Fourth Consecutive Ilkley Business Award.

We’re thrilled to announce that Elite Accountancy Services has been shortlisted as a finalist in the Best Business to Business category at the Ilkley Business Awards (IBAs) for the fourth year in a row! Being recognised once again is an incredible honour and a reflection of our commitment to building strong relationships with other businesses in the LS29 area.
The IBAs celebrate the diversity and success of Ilkley’s business community, with categories ranging from Professional Services (which we’re sponsoring this year) to Side Hustle, New Business, Best B2C Business, and more.
This repeated recognition is a huge pat on the back for our incredible team and a testament to the valued partnerships we’ve built with our clients over the years. We’re deeply grateful for the ongoing support and firmly believe our success is tied to the amazing community that we have in Ilkley. We’re proud to be part of it and excited to contribute to its continued growth.

The awards ceremony takes place on Friday, 7th March, and we’re looking forward to celebrating with fellow businesses and community members. The IBAs are the perfect opportunity to connect with new faces, reconnect with familiar ones, and learn more about the incredible work happening across our region. And, of course, we’ll be hoping for a win!
A huge thank you to everyone who has been part of Elite Accountancy Services journey. Your support means the world to us. Best of luck to all the nominees—see you there!

We’re absolutely thrilled to share that Elite Accountancy has been nominated for the prestigious Best Employer of the Ye...
13/01/2025

We’re absolutely thrilled to share that Elite Accountancy has been nominated for the prestigious Best Employer of the Year award at the Yorkshire Accountancy Awards! This marks our fourth consecutive year as YAA finalists, having been shortlisted for Independent Firm of the Year in 2022, 2023, and 2024. This year, we’re especially proud to be recognised for our dedication to creating a workplace where our team can truly thrive.

Our employees are at the heart of everything we do, and we’re passionate about creating a positive, empowering work environment that supports the personal and professional growth of everyone at Elite Accountancy, regardless of their role. We’ve worked hard to build a collaborative and supportive culture that brings out the best in our incredible team. Therefore, to have our efforts recognised is incredibly rewarding and definitely motivates us to push even further as we head into 2025 and beyond.

The Yorkshire Accountancy Awards ceremony takes place on February 27th at New Dock Hall in Leeds. It’s a fantastic opportunity to celebrate our 2024 achievements, connect with industry peers, share knowledge, and get a glimpse into the latest trends in Yorkshire’s accountancy scene. Plus, it’s a great excuse to dress up and enjoy a great night with great company!

Best of luck to all the fantastic nominees—and wish us luck, too!

01/11/2024

Now that we have had time to digest the latest budget and how it affects our clients, we have summarised the key points from the budget. Please do contact us if you would like assistance with any tax planning following the budget changes.

Ms Reeves repeated her claims that the government had inherited a £22 billion 'black hole' in public finances from the Conservative Party. She also stated that the government would protect living standards by unfreezing the thresholds on Income Tax and National Insurance Contributions (NICs) from 2028, and she extended the cut in Fuel Duty for another year.

Employers will be hardest hit, as the Chancellor announced increases in minimum wages, higher employer NIC and reduced business rates relief.

The rate of employer NICs will increase by 1.2% to 15% from 6 April 2025. Additionally, the Secondary Threshold, which determines when employers become liable to pay NICs on employee salaries, will fall from £9,100 to £5,000 per year, resulting in an extra cost of £615 per employee earning over £9,100. Although the NI threshold has been lowered, there is some good news for employers: the employment allowance will rise from £5,000 to £10,500, increasing the amount of National Insurance a business can offset.

The National Living Wage for workers over 21 will increase by 6.7% to £12.21 per hour in April 2025, which is worth an extra £1,100 per year for a full-time worker. Meanwhile, the National Minimum Wage for 18 to 20-year-olds will go up by 16% to £10 per hour.

The current 75% discount on business rates will expire in April 2025, replaced by a 40% discount, with a maximum cap of £110,000.

In addition, there is a plan to introduce permanently lower business rates for high-street retail, hospitality and leisure properties from 2026-27.

Capital Gains Tax (CGT) on non-residential assets will increase from 10% to 18% for lower-rate taxpayers and from 20% to 24% for higher-rate taxpayers, effective from 30 October 2024. This will re-align non-residential assets CGT with residential assets CGT. Business Asset Disposal Relief (BADR) will remain at 10% this year before also increasing to 18%. The increase will be phased with a rise to 14% from April 2025 and 18% from April 2026.

The Inheritance Tax (IHT) nil-rate band remains unchanged at £325,000, but from April 2027, inherited pension pots will be included in IHT, where they are currently exempt.

From April 2026, reforms will take place for agricultural property relief and business property relief. The highest rate of relief will remain at 100% for the first £1 million of combined businesses and agricultural assets. However, the relief rate after this threshold will decrease to 50%.

Lastly, as expected, The Chancellor also confirmed that VAT will be introduced to private school fees.

Address

Suite 2, The Point, Mayfield Road
Ilkley
LS298FL

Opening Hours

Monday 8:30am - 5pm
Tuesday 8:30am - 5pm
Wednesday 8:30am - 5pm
Thursday 8:30am - 5pm
Friday 8:30am - 5pm

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