Elite Virtual Bookkeeping Ltd

Elite Virtual Bookkeeping Ltd We handle the numbers so you don’t have to! Focus on your business; we’ll do the math.
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From bookkeeping, annual accounts and corporation tax to payroll and VAT, we keep your finances in check—minus the headaches.

27/06/2026

Starting a new limited company? One of the biggest mistakes I see is business owners not understanding the difference between company money and personal money. Getting this wrong can lead to expensive tax consequences that are completely avoidable.

Having an accountant from day one isn’t just about filing your tax return. I’ll help you set up Xero correctly, connect your business bank account, explain what you can and can’t claim, show you how to pay yourself tax-efficiently, keep on top of your bookkeeping, and help you avoid common mistakes like an overdrawn Director’s Loan Account.

The right advice at the beginning can save you thousands in tax, penalties and costly corrections later.

If you’re starting a business or have recently set up a limited company, send me a message and let’s make sure you get everything set up properly from day one. 📈

24/06/2026

Making Tax Digital doesn’t have to be something to fear.

With the right software and a good accountant, you can stay on top of your bookkeeping, know your numbers throughout the year, understand how much tax to put aside, and avoid nasty surprises when deadlines come around.

Most business owners don’t fear tax itself — they fear not knowing where they stand.

If you’re self-employed and want to feel more in control of your business, know your numbers, and have an accountant who supports you throughout the year, send me a message.

23/06/2026

How many of these tax-free allowances are you actually using? 👀

✅ Personal Allowance – most people can earn up to £12,570 before paying Income Tax.

✅ Trading Allowance – if your side hustle income is £1,000 or less, you generally don’t need to register as self-employed or declare it.

✅ Dividend Allowance – the first £500 of dividends is tax-free, but dividends may still need to be declared if you complete a Self Assessment tax return.

✅ Property Allowance – up to £1,000 of property-related income (such as renting a driveway or storage space) can be covered by the allowance.

✅ Rent-a-Room Relief – receive up to £7,500 a year from renting a furnished room in your home tax-free.

✅ Savings Allowance – basic-rate taxpayers can receive up to £1,000 of savings interest tax-free, while higher-rate taxpayers can receive up to £500. Additional-rate taxpayers do not receive this allowance.

✅ Marriage Allowance – eligible couples can save up to £252 per year by transferring part of their Personal Allowance.

⚠️ Tax rules can vary depending on your circumstances, and some income may still need to be declared even if no tax is due.

08/06/2026

Most business owners start by doing everything themselves.

But there comes a point where your time is worth more than the money you’re saving.

If you’re spending your evenings doing bookkeeping and admin, it might be time to focus on growing your business instead.

07/06/2026

Do you own more than one limited company?

You may have associated companies without even realising it, which could reduce your Corporation Tax thresholds and increase your tax bill.

If you own or control multiple companies, it’s worth checking whether these rules apply to you.

07/06/2026

If you claim Child Benefit, don’t assume everything is being dealt with automatically.

👶 The High Income Child Benefit Charge applies when the higher earner in the household has adjusted net income over £60,000.

💸 You repay 1% of the Child Benefit received for every £200 of income above £60,000.

📈 Once income reaches £80,000, the Child Benefit is fully repayable.

📝 The higher earner is responsible for declaring the charge through Self Assessment, even if the Child Benefit is paid to their partner.

⚠️ If you haven’t registered for Self Assessment and should have done, HMRC may charge penalties and interest.

📅 For the 2025/26 tax year, the online Self Assessment filing deadline is 31 January 2027.

💡 Don’t forget: you can still claim Child Benefit to protect National Insurance credits towards your State Pension, even if you choose not to receive the payments.

06/06/2026

A tax-saving perk available to limited company owners… but not sole traders 👇

Most directors have never heard of trivial benefits.

Yet your company could buy you up to 6 x £50 vouchers each year with no personal tax to pay.

A small perk, but one worth knowing about.

📌 Save this post so you remember it at year end.

06/06/2026

Starting a limited company and not sure how to pay yourself?

Many business owners either take too much money, don’t save enough for tax, or never hear from their accountant until it’s too late.

A good accountant should help you understand:
✅ Salary vs dividends
✅ Corporation Tax
✅ Dividend Tax
✅ How much to set aside each month for HMRC

If you’re running a limited company and want proactive support, clear advice, and quick responses, feel free to get in touch.

📌 Save this post for later.

Figures shown are based on a director/shareholder with no other sources of income.

22/05/2026

HMRC have FINALLY increased the mileage rate for using your personal car for business travel 👀🚗

From April 2026, the rate jumps from 45p to 55p per mile for the first 10,000 business miles… meaning up to £1,000 more in business expenses claimed 🤯

If you’re a limited company director or sole trader using your own car for work, this is a BIG update 👏

Are you a new Ltd company business owner, well here are the deadlines you need to be aware of. Need help managing these ...
13/05/2026

Are you a new Ltd company business owner, well here are the deadlines you need to be aware of. Need help managing these deadlines then get in touch today

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