Vectis Accountants

Vectis Accountants Because not all accountants are the same! https://vectisaccountants.co.uk/why-us/about-us/

accounting schemes: a useful introduction:
02/05/2024

accounting schemes: a useful introduction:

VAT accounting schemes can make your life easier, simplifying your VAT accounting and in some cases improve your cash flow. If your taxable turnover of standard and reduced-rated supplies is below £1.35m (excluding VAT), or if you are involved in retail or selling second-hand goods, a VAT accountin...

Income calculator and key payment and filing dates:
01/05/2024

Income calculator and key payment and filing dates:

A tax return calculator can help you assess how much income tax you need to pay if you use self assessment. You can use a self assessment calculator to estimate future bills and when payment is due, so that you can arrange financing if needed. You can also use tax calculators to check payments for p...

returns: an introduction to completing your VAT returns:
30/04/2024

returns: an introduction to completing your VAT returns:

Details of the VAT you charge customers and pay HM Revenue & Customs (HMRC) are provided using the VAT return. UK VAT-registered businesses must complete VAT returns and pay any VAT due to HMRC VAT return basics The VAT return summarises your sales and purchases and the VAT relating to them. All the...

you can claim when you're self employed: useful Q&A:
29/04/2024

you can claim when you're self employed: useful Q&A:

13 FAQs people ask about expenses they can claim when running a business or working from home.

Fire, flood or burglary - what to do if your records are lost:
28/04/2024

Fire, flood or burglary - what to do if your records are lost:

Unforeseen circumstances - such as a fire or flood in your premises - could mean you lose your tax and accounting records. Simon Wicks finds out what to do if you lose financial records and what help you can expect from HMRC "It's a statutory obligation for you to keep financial records and file an....

payment problems? Read this helpful, concise advice:
27/04/2024

payment problems? Read this helpful, concise advice:

If you have a tax payment problem, you must take action to deal with it - including contacting HM Revenue & Customs (HMRC). Tax payment problems worsen and can get more expensive the longer you put off dealing with them Whether you have a tax payment problem or not, it's also worth looking at ways t...

Tax penalties and advice on how to avoid them:
26/04/2024

Tax penalties and advice on how to avoid them:

Tax penalties can be substantial if you fail to file tax returns and make tax payments on time. Tax penalties can also be incurred if you make careless errors, while deliberate tax evasion or fraud can be treated severely. Penalties apply if you understate the amount payable in:

Do you employ staff? Get a reduction on your with the Employment Allowance. Find out how to
25/04/2024

Do you employ staff? Get a reduction on your with the Employment Allowance. Find out how to

The Employment Allowance scheme enables eligible businesses to receive a reduction of up to £5,000 each year on their employer's Class 1 National Insurance Contributions (NICs).

Register and file your UK online - here's how:
24/04/2024

Register and file your UK online - here's how:

Registering for self assessment and filing self assessment returns online is generally the fastest and easiest way to deal with self assessment. It also gives you online access to your personal tax account, and other business taxes as well if you are self-employed.

Income tax schemes for small businesses:
23/04/2024

Income tax schemes for small businesses:

HMRC has introduced two simpler income tax schemes for small businesses - 'cash basis' and 'simplified expenses'. They are designed to make it easier for small firms to manage their income tax obligations and be more confident that "they have got their tax right". Cash basis 'Cash basis' is a way fo...

Planning to your ? This is what you need to know:
22/04/2024

Planning to your ? This is what you need to know:

Selling a business, like other corporate finance transactions, is a big deal. But for many entrepreneurs, relief at the successful conclusion to years of hard work can be tempered by the reality of a substantial tax bill. Effective tax planning can use Business Asset Disposal Relief, roll-over relie...

Think you're due money back from the taxman? Read about how to claim a tax refund:
21/04/2024

Think you're due money back from the taxman? Read about how to claim a tax refund:

If you have paid too much tax, you'll want to claim a refund as soon as possible. There are different ways to do this, depending on how you are taxed and which year you want a tax refund for. Refunds for the current tax year If you are an employee taxed using PAYE, paying too much tax generally mean...

Address

The Dairy Office, Tiebridge Farm
Stockbridge
SO206LQ

Opening Hours

Monday 8am - 7pm
Tuesday 8am - 7pm
Wednesday 8am - 7pm
Thursday 8am - 7pm
Friday 8am - 7pm
Saturday 9:30am - 4pm

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