Fab5 Feature – June

Welcome to June’s edition of Fab5, the last one prior to the refresh we have planned… You’ll have heard us mention that lockdown derailed many of our plans but at last we have good news – we’re getting them back on track. In the coming days we’ll be announcing something exciting, a fresh identity to…

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Expenses and benefit returns for 2020/21

Expenses and benefits returns P11D and P11D(b) for 2020/21 need to be filed by 6 July 2021. Meeting this deadline is important as penalties may be charged for returns that are filed late. Form P11D A form P11D must be filed for every employee who has been provided with taxable benefits and/or expenses in the…

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Restart Grants and Recovery Loans

As lockdown restrictions are eased, businesses may need help to re-open and to recover from the impact of the pandemic. Depending on the nature of the business, they may be eligible for a Restart Grant or a Recovery Loan. Restart Grants The Restart Grant Scheme provides support to help businesses that were required to close…

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Take advantage of the enhanced carry back of losses

Many businesses have suffered losses as a result of the Covid-19 pandemic, and where a business has made a loss, various options are available to obtain relief for that loss. The challenge is to make the best use of the loss. To help loss-making businesses, legislation is to be introduced to increase temporarily the period…

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Mike’s Reflection Point

If someone had told me 5 years ago, as I prepared to launch Fabulous Group, that by its fifth anniversary, over 20% of its lifespan would have been spent in a period of national lockdown and restrictions I would have thought they were crazy! And yet as I sit here reflecting on those 5 years,…

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Fabulous Team News

Office space with yellow seats and plant in forefront

Sharon Bridges, Tax & Accounting Manager We welcomed Sharon to the team at the beginning of March and with her, she brings a wealth of tax and accounting knowledge. Sharon is responsible for the planning and delivery of clients’ statutory accounts and taxation requirements and is our go-to tax specialist and given her expertise, we…

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Employee Benefits: Health & Protection Insurance

Beckett Financial Services are one of our select partners who broker and consult on employee benefits to deliver solutions that employees understand and value whilst keeping employers compliant with well-run, cost-effective, bench-marked programmes. Here is a guest article from them, you can find out more information by visiting their website.       The past 12…

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12 Important Dates for Business Owners

There is a lot to remember as a business owner and important dates can easily get forgotten about. We’ve pulled together a list of 12 dates we think are useful for business owners to make note of and schedule in their diaries. Self-Assessments Dates The first significant date of the calendar year has already passed,…

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The Fabulous Group’s January in Numbers

January is a notoriously busy month for Accountants with the Self Assessment Tax Deadline to meet in amongst the usual workload.  Here’s a behind the scenes snapshot of what the Fabulous Group got up to in January, brought to life through snowmen of course! In a typical month, there is always payroll to run, management…

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Should I Voluntarily Register for VAT?

Laptop with pile of receipts beside it

VAT can be very confusing, and, can cause an unnecessary headache for business owners. Because of this, we wanted to break things down for you and make VAT simple. Here is a guide as to when you might want to consider voluntary VAT registration. In this blog, we’ll look at if and when you need…

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