Velocity Accounting Solutions

With the new tax year fast approaching. We would urge all employers to understand the impact of the new ENIC rules coming into force from April 2025. We can help you understand, plan and budget for 2025 and beyond. Please get in touch for a fast and efficent, FREE initial consultion: 📲 0114 3310045 📩 hello@velocityas.co.uk #PAYE #ENIC #TAX #payroll #acountancy

New VED rules on the road ahead for EV drivers! 🚗⚡ From April 2025, road tax exemptions (VED) for EVs are coming to an end, and here’s what you need to know: 🛞 EVs under £40,000 (registered after April 1, 2025) will pay £10 for the first year and £190 annually from 2026. 🛞 EVs over £40,000 will face £190 standard tax plus a £410 supplement for five years, totalling £600 annually until the car is six years old. Even with these updates, greener driving still has its perks! 🌱 With significantly lower running costs than petrol and diesel cars, access to clean air zones, and fewer maintenance headaches, EVs remain a smart and sustainable choice. Here at Velocity, we’re here to help you prepare for these updates. What do you think about these changes? Let us know below! 💬 #tax #budget #accounting #bookkeeping #outsourceFD #VED #EVs

Happy New Year from all of us at Velocity Accounting! 🎉 Here’s to new opportunities, fresh goals, and continued success. Let's make 2025 a year to remember! #HappyNewYear #2025

As the year comes to a sparkling close, we’re brimming with holiday cheer and want to wish our amazing clients, partners, and colleagues a very Merry Christmas! 🎅🎁 May your festive season be merry, bright, and overflowing with joy, laughter...and maybe a few too many mince pies! Our team will be taking a holiday break from Tuesday 24th December and re-open on Friday 27th December. #christmas  #festive #merry

With the festive period just around the corner, we wanted to let you know that our offices will be closed for Christmas from Tuesday 24th December and will re-open on Friday 27th December. #christmas #festive #openinghours

Employers, are you worried about the April 25' changes to ENIC? We’ve created a FREE - ENIC calculator to make it easy for you to understand the impact on your business, come April 2025.   Initially, all we require from you are two numbers: 👉 Your last month’s Employer’s NIC liabilty 👉 Number of employees in your business As an example: ENIC bill last month: £8,650 Employees: 30 That’s an extra £1,831 per month or £21,976 per year* Contact us to access Velocity’s ENIC calculator and see what the changes mean for you. It’s quick, easy, and completely free of charge! 📲 0114 3310045
 📩 hello@velocityas.co.uk *Numbers are indicative only, we would provide tailored illustrations based on the specifics of your workforce and payroll. #ENIC #Budget24 #Business #management #accounting #HR

Super festive at Velocity today as it's Secret Santa and Xmas Jumper Day! Lovely to celebrate a great year with the team and share some great memories. We're ready for 2025!

Treating Your Team This Christmas? Don’t Be a Scrooge! These are HMRC Tax Tips YOU NEED! 🎄 🌟 Christmas parties and staff gifts are fantastic ways to spread holiday cheer and show your appreciation, but you’ll want to steer clear of any tax traps that could dampen the festive spirit, (a true ‘bah humbug’ moment!). 🌟 For Christmas parties, the cost per head must be under £150 to qualify for tax exemption. This includes everything from venue hire and drinks to transport and accommodation. If you exceed the limit, even by just a little the entire amount becomes a taxable benefit. So, to keep the taxman happy, make sure the event is open to all employees (or a specific location) and is an annual celebration, like a Christmas party. 🌟 If you’re feeling extra festive, good news! The £150 limit includes partners, so you can double the fun and still stay in the clear. And for gifts? Stick to the trivial benefit exemption; basically, anything under £50 is tax-free as long as it’s not cash. Think vouchers or something small but meaningful. 🌟 If you want to go that extra mile,  giving your team time off for a bit of shopping or to catch a school play has no tax strings attached. Woohoo! It’s a simple gesture that can go a long way in spreading holiday cheer. Don’t let the tax rules turn you into Scrooge this season! Stay on the right side of HMRC, and make this Christmas one to remember. 💬 Have questions? We’re here to help! T: 0114 3310045 E: hello@velocityas.co.uk #HMRC #TAX #VAT #Accounting

Had a fabulous night at the big BRM Ladies in Lunch Xmas social. Donna and Emily from Velocity teamed up with the ladies at Leonard Curtis to get dressed up and soak up the festive spirit! Thanks Deborah Lockwood & Danielle Shore for a fabulous night. #accounting #bookkeeping #smallbusiness #finance #IVP

On this Remembrance Day, we pause to honour the courage, sacrifice, and unwavering commitment of those who have served and continue to serve. Their bravery ensures the freedoms we often take for granted, and their legacy reminds us of the value of peace, unity, and resilience. Let’s take a moment to reflect, remember, and be grateful. #RemembranceDay #LestWeForget #Honour