The new IR35 rules will come into place in April 2021
After the postponement of IR35, in response to the Coronavirus outbreak, the changes to off-payroll working for those in the private sector will take place in April 2021. With just a couple of months to prepare and plan, the responsibility for adhering to the rules...
New grants announced following national lockdown
After a significant increase in the number of Coronavirus cases, the Prime Minster Boris Johnson has announced a national lockdown. You can read further details of what the latest lockdown entails here. There is hope with the vaccine rollout that this will be the last...
The ups and downs of 2020
2020 is probably a year best to forget, no one could have predicted the changes to the way we live and work due to Coronavirus. The airline industry certainly took the biggest hit with passengers’ numbers down around 60%. The hospitality, retail and leisure sectors...
The reverse VAT charge
HMRC have announced that the new rules for accounting for VAT are planned to be implemented from 1st March 2021. The aim of the new rules is to reduce the amount of VAT fraud. It will not change the VAT liability but simply change the way VAT is accounted for. The...
How to exit your business efficiently
You may have just started up your business, or you are still in the middle of running a successful business, and exiting is a long way in the future. Planning your future exit from your business is key so you can ensure you are taking the right steps early on to...
New recruit and promotion at Clear Vision Financial Management
Romsey and Poole based accountancy firm Clear Vision Financial Management have recruited a Junior Administrator and promoted Karen Toomer to Operations Manager. Even though 2020 has seen many businesses struggling, Clear Vision Financial Management has continued to...
Clear Vision Financial Management celebrates one year since the acquisition of Your Smart Team
It has been a year since Clear Vision Financial Management purchased Your Smart Team located in Bournemouth. Following the acquisition of Your Smart Team in December 2019, the firm moved the office to a new building in Poole in February 2020. Initially, Denise Chapman...
Are you ready for the new rules for business with the EU?
With just over a month to go until the Brexit transition period is due to end, it is worth looking ahead to the new rules which will be in place from 1st January 2021. It is worth planning now if your business trades within the EU. This will include the way your...
Exiting lockdown two
With England due to exit a second lockdown on Wednesday 2nd December, Boris Johnson has announced the Government’s plans for post lockdown. As predicted, a regional tiered approach will be rolled out with toughest measures where Coronavirus is most prevalent. Tiers...
Spotlight on Dan Robertson
Dan Robertson joined Clear Vision Financial Management in 2017 as a trainee accountant. After completing his A Levels at Peter Symonds College, Dan decided to enter the world of accountancy. He is currently studying towards the AAT Level 4 qualification and after...
The latest on making tax digital
All eligible businesses with a taxable turnover above the VAT threshold of £85,000 had to register to HMRC’s ‘making tax digital’ from 1st April 2019. This new system will ensure businesses maintain all of their records digitally on a quarterly basis. Some businesses...
Furlough scheme extended again until March 2021
The Chancellor Rishi Sunak has today announced that the furlough scheme will once again be extended until the end of March 2021. Like before, the scheme will pay 80% of a person’s wage up to £2,500 per month. The policy will be reviewed in January 2021, this...