Funding options for start-up businesses
The Seed Enterprise Investment Scheme (SEIS) can help secure investment for your business. As a start-up business sourcing finance can be tough as traditional finance routes may view your business as risky. In 2012, the Government set up the SEIS as an initiative for...
New tax year brings changes
A new tax year starts today (6th April 2021) but what changes will affect your income? The income tax thresholds will rise again (the amount you can earn before paying tax). The personal allowance will rise from £12,500 to £12,570 and the higher rate will rise from...
New Bookkeeper joins the Clear Vision Romsey office
Accountancy firm Clear Vision recruits Frankie Osborn to join the Romsey office as Bookkeeper. With previous experience of working both in-house for Serenity Holidays and for several other accountancy firms, Frankie will join the busy team in their Romsey office to...
Sign up for the VAT deferral scheme by 31st March 2021
One of the schemes announced by Rishi Sunak at the beginning of the pandemic was the option for businesses to defer VAT owed between 20 March and 30 June 2020. Originally the VAT was deferred until 31 March 2021. HMRC announced the option that businesses could take on...
A budget that delivered support
The pandemic has caused pain for many businesses in the UK, the recent lockdown has meant that most businesses have had to close their doors until June 2021. As predicted the Chancellor Rishi Sunak, has announced further support measures to help businesses and a...
Restart grants worth over £5billion to support lockdown businesses
With hospitality, hotels, gyms and leisure firms being hardest hit by the latest lockdown, the Chancellor Rishi Sunak has announced a package of restart grants worth over £5billion. In order to help businesses in these industries the scheme will be distributed by...
Are you prepared for the national living wage increase?
From April 2021, the National Living Wage (NLW) and the National Minimum Wage (NMW) will see an increase. The Low Pay Commission (LPC) has recommended that the NLW should increase by 2.2% from £8.72 per hour to £8.91 per hour. The age threshold will also be amended...
Small businesses given more time to pay back Coronavirus bounce back loan
Around £45bn has been borrowed by more than 1.4 million small businesses under the Bounce Back Loan scheme. The loans, valued up to £50,000, will now give small businesses the option to extend the repayment length from six years to ten years. The current scheme...
Is the business eviction ban long enough?
With the latest lockdown affecting many businesses, a ban on business evictions will help those impacted to keep trading until March 2021. However, does this ban go far enough? Communities Secretary Robert Jenrick announced in December 2020 that business owners...
Spotlight on Denise Chapman
Denise Chapman joined Clear Vision Financial Management in 2019 as part of the acquisition of ‘Your Smart Team’ located in Bournemouth. Starting her career at Barclays Bank as a Bank Clerk, Denise has worked in a variety of accounting roles within the construction...
New VAT deferral scheme
One of the schemes announced by Rishi Sunak at the beginning of the pandemic was the option for businesses to defer VAT owed between 20 March and 30 June 2020. Originally the VAT was deferred until 31 March 2021. HMRC have now announced several options to those...
Funding options for smaller businesses
If you are a smaller private company or a start up, then securing funding to grow your business can be tough. There are some options available such as the Seed Enterprise Investment Scheme (SEIS) and the Enterprise Investment Scheme (EIS). In order to encourage...