Outsourcing our bookkeeping and accounting was a good decision, but even better was outsourcing it to EJBC. They have been efficient, cost effective and flexible from day one, and we are very happy with the service that we receive.

Simon Nutbrown

I was introduced to EJBC by recommendation from a friend and have been with them two years now. I have always found them thorough, helpful and easy to deal with. They always respond quickly when I have a question, and the detail and clarity of the paperwork they have produced for me is a refreshing... Read More

Jeremy Porter

Starting a new business can feel a bit daunting but working with EJBC has been pain free from the beginning, enabling us to get on with building our business and delivering the work. In the beginning, as we got to grips with the practicalities of running the business we regularly rang Emma for... Read More

Angela Greenfield

Job Retention Bonus policy paper published

05/08/2020 – The government has published further guidance on how the forthcoming Job Retention Bonus Scheme will operate. The scheme … More...

£50m extra funding for Customs Intermediary Grant Scheme

04/08/2020 – Over the past few months, HMRC has unveiled a package of measures to accelerate the growth of the UK's customs … More...

£20m in new grants for small businesses

04/08/2020 – £20 million worth of new government grants have been released to help small and medium sized businesses across … More...


Changes to tax treatment of termination payments
29/07/2020

The government has published draft clauses for insertion into a new Finance Bill 2020-21, to be introduced into Parliament in the Autumn. These include changes which will affect employers who make termination payments.

The part of a termination payment which is treated as being a payment in respect of the employee’s notice period and subject to income tax and NICs is called the “post-employment notice pay” (PENP). The provisions will provide an alternative PENP calculation where an employee’s pay period is defined in months, but their contractual notice period is defined in weeks or days, or where the post-employment notice period is not a whole number of months. This will ensure that all employees’ PENP is calculated consistently on the termination of their employment.

The provisions will also bring PENP within the charge to UK tax for individuals who are non-resident in the year of termination of their UK employment.

The measures will take effect from 6 April 2021 and will apply to those employees who both have their employment terminated and receive a termination payment on or after 6 April 2021. Since October 2019, HMRC has, in any event, exercised managerial discretion to provide for an alternative calculation for PENP for use where it’s advantageous to the employee and this will continue to apply until 6 April 2021.
 


Accounts

We specialise in preparing end of year statutory accounts for your business, in line with HM Revenue & Customs legislation:

Sole Traders & Partnerships
Limited Companies
Limited Liability Partnerships
Property Management Companies
Property rental income accounts

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Bookkeeping

We can adivise on the best bookkeeping options for your needs and budget, if you would prefer to do the bookkeeping yourself.

There are a number of excellent options including Sage desktop software and market leading online solutions, such as Kashflow & Xero.

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Payroll

ejbc payroll

We can set-up and run your payroll scheme or advise on:

Setting up a new payroll system
Day to day payroll processing
Dealing with PAYE and NI deductions
Completing your end of year returns
Holiday & Statutory pay
Stakeholder pensions

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Start Ups

Starting a Business is an exciting opportunity but at the same time can be daunting.

Why not let us take some of the stress away. We are on hand from the outset to help you through many of the challenges of getting your business up and running successfully.

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Contact Us

The Rectory, 1 Toomers Wharf, Canal Walk
Newbury
Berkshire
RG14 1DY
Phone: 01635 46174
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