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Stilwell Gray relaunches as Vantage Accounting

We are delighted to announce that our small business accounting brand Stilwell Gray has been rebranded as Vantage Accounting as of September 21st 2020. Launched in 1995, Stilwell Gray has since grown to a firm with offices in Winchester, Totton and Ringwood, providing services to a variety of businesses nationwide. After [...]

2020-09-23T15:59:45+01:0021 September 2020|

Chancellor Rishi Sunak announces additional funding for the retail, leisure, and hospitality sectors

Rishi Sunak has announced a further £4.6 billion in new lockdown grants to support those businesses within the retail, leisure, and hospitality sectors, by giving them a one-off grant worth up to the value of £9,000. Help has also been provided in the form of a £594 million discretionary fund [...]

2021-01-05T14:56:47+00:005 January 2021|

Furlough extended until March, Job Retention bonus scrapped

It has now been confirmed that the Coronavirus Job Retention Scheme has been extended until 31 March 2021. From 1 November 2020, employers can claim 80% of an employee’s usual salary while they’re in furlough, up to a maximum of £2,500 a month. Any employee that was employed and on [...]

2020-11-15T12:17:04+00:002 November 2020|Tags: |

Coronavirus business support measures September 2020

Rishi Sunak today announced that the government will cover up to two thirds of workers' wages if their hours have been reduced due to the coronavirus pandemic. It is hoped that the ‘Jobs Support Scheme’ will help to reduce the millions of job losses expected when the furlough scheme ends [...]

2020-09-24T15:08:35+01:0024 September 2020|

Economy rebuild measures announced

The government today announced what they refer to as their next step in rebuilding the economy. Their focus is very much around preventing unemployment whilst gradually stopping the furlough scheme, boosting the hospitality sector and kick starting the housing market. The measures announced are: Furlough bonus £1,000 bonus for keeping [...]

2020-07-08T16:10:53+01:008 July 2020|

Coronavirus business support schemes – how to account for grant income

Many of the measures announced by the government to help businesses during the Covid-19 (Coronavirus) pandemic involve grant payments to business owners. But how do you account for grant payments, and what taxes are due? It is important to understand the accounting treatment needed, and indeed whether income is actually [...]

2020-09-22T14:08:39+01:0030 March 2020|

Can Limited Company contractors furlough themselves?

Under the Government’s Coronavirus business support measures announced this week, it has been indicated that some Limited Company contractors may be covered by the ‘Job retention scheme’ and therefore can furlough themselves if unable to work due to Covid-19. There is a distinction in law between a director with a [...]

2020-09-22T14:09:43+01:0027 March 2020|
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