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Spring Budget 2023 Summary
Chancellor Jeremy Hunt has unveiled his ‘Back to Work’ March Budget. Here is a summary of some of the key points. The OBR (Office for Budget Responsibility) has said that the UK will not enter recession this year. Inflation is set to fall to 2.9% by the end of the year. Corporation Tax…
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Dealing With Inflation
Both households and businesses are feeling the effects of inflation as it has reached 11.1% in the 12 months to October 2022. Optimistically, the rate is expected to fall from mid-2023. How is it possible to avoid the most damaging effects? Inflation is the increase in prices over a year and is calculated by…
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Vincent & Co Acquires Parrott & Parrott Ltd.
We are delighted to announce that Steven Parrott has retired and we took over his practise on 1st February. Parrott & Parrott is a well-known name in the area, having advised and assisted local businesses and individuals for many years. We are welcoming 170 clients and look forward to contacting them to introduce…
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Good Tax Returns News!
At Vincent & Co. we have entered February with lots of incredibly good news for both our team and our clients. January Tax Returns Deadline Smashed! To begin with, the last day of January saw us successfully complete and file with HMRC all the tax returns for everyone who provided their data. The last…
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Making Tax Digital for Income Tax Self Assessments Delayed!
The introduction of Making Tax Digital (MTD) for Income Tax Self Assessments will now be delayed! This will now be implemented from April 2026 for businesses, self-employed and landlords with income over £50,000. Those with income between £30,000 and £50,000 will be brought into MTD from April 2027. A review will take place as to…
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The Chancellor’s Autumn Statement
Here are the key points from the recent Statement: Income tax bands frozen until April 2028 Income tax rates and personal allowances will remain at the same level until at least April 2028 as part of the fiscal drag, resulting in more workers falling into higher tax brackets as wages increase with inflation. Meanwhile, the threshold…
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We’re Recruiting! We Need An Office Administrator
Office Administrator Apply Now! Full-time or part-time, Monday to Friday. Salary £18,000.00 to £22,000.00 per year pro rata, depending on experience. Key Responsibilities: Ensure the smooth running of a busy professional office, and the ability to work with George the Office Dog: Processing post received. Managing and responding to office emails. Managing staff holiday requests.…
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Did you know … about our Porch?
Did you know you can drop off and collect documents from Vincent & Co at any time of the day or night? We have installed a key code lock on the front door. This means that if you want to drop records to us, or collect them, you can do so without having to come…
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Spring Statement
Did you catch everything the Chancellor said in his Spring Statement? We know that National Insurance contributions have increased from 6th April, and the rest of the key points are: The Chancellor has not rescinded the increase in NIC and the dividend tax, so most tax bills are going up by 1.25%; He has aligned…
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Happy New Year for 2022
We’re back after our festive holidays, ready to give you the advice and guidance you need for your personal and business finance. Just call 01803 500 500 and speak to one of our team. Happy New Year to you!
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Christmas and New Year Opening Times
Please note that we will close on Thursday 23rd December 2021 at 5pm and reopen on Wednesday 5th January 2022 at 8:30am for our festive holidays. We would all like to wish you a Happy Christmas and a Prosperous New Year.
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Making Tax Digital Regulations
The new MDT regulations have now been published. To summarise: Once you have reached your digital start date you have to continue to keep digital records and file these quarterly, regardless of turnover. Transactions need only be recorded with enough information to meet the quarterly deadline. Recording Cash or Accruals? The regulations state that digital…