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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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Christmas and New Year Office Opening Times
Our offices will close on the 23rd December 2022 @ 12 noon, and re-open again on 4th January 2023 @ 8am. If you need anything during that time, please e-mail our office@vincent.co.uk e-mail which will be monitored. We wish you and your family a very Happy Christmas and a prosperous New Year.
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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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The Chancellor’s Mini-Budget – Keep More of Your Own Money
At Vincent & Co. we always try to keep you up-to-date with changes which come from HM Revenue & Customs. The latest news is the recent mini-budget. In this, the Chancellor of the Exchequer, the Rt Hon Kwasi Kwarteng MP, published the government’s Growth Plan. This is a package of measures to deliver a…
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Self-employed? Preparing for Making Tax Digital (MTD) for Income Tax
Self-employed individuals need to start thinking about how to prepare for the six reports per year they will need to submit to HMRC under the MTD for Income Tax Self-Assessment (MTD ITSA) regime. Most sole traders and landlords (not partnerships or companies) will need to comply with MTD ITSA from 6 April 2024. This…
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Office Closure on Monday 19th September 2022
Everyone at Vincent & Co is greatly saddened by the passing of Her Majesty Queen Elizabeth II on 8th September and our sincere condolences go to her family. We will close the office on Monday 19th September and take time to join the rest of the world honouring the life and dedicated service of our…