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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Fab5 Feature – January Welcome to 2021… It will be better than 2020. Monday was our first day back in the office after the Christmas break, it’s safe to say it was long overdue and much needed. Aside from the obvious, doesn’t the new year feel different from others?  I’ve seen a lot fewer resolutions…

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Following the news of a third lockdown, Rishi Sunak has announced a fresh £4.6 billion support package for UK businesses. Throughout the pandemic one of the main focuses has been to support businesses and protect jobs and this remains a priority.   The new financial support package includes: £4 billion for a one-off ‘top-up grant’…

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Blue and White Baubles hanging from christmas tree

HMRC has given the go-ahead for tax-free virtual Christmas parties. It would appear the taxman isn’t scrooge and is in fact ready to spread some festive cheer! No one would have ever imagined that we’d currently be researching Christmas Party ideas to take online but following the government’s latest announcement it appears to be the…

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Laptop displaying figures

The full details of the third Self-Employed Income Support Scheme (SEISS) grant have been unveiled, here’s what you need to know. The third grant which is equal to 80% of average trading profits, capped at £7,500, is available for the three-month period beginning 1st November 2020 and ending January 2021. Claims for this grant can…

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Establishment participating in eat out to help out scheme

The Eat Out to Help Out scheme was launched in August to help boost the economy and support the hospitality industry. Under the rules of the scheme, businesses were permitted to discount their customers’ bills by up to 50% per diner, up to a maximum of £10 per head.  Participating establishments could run the scheme…

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Fab5 Feature – November In times like these, it is vitally important that we focus on the things we really care about and that’s exactly what we intend to do with the Fab5. At the Fabulous Group, we really care about supporting small and medium-sized businesses and finding new ways to help them. We hope…

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Pile of Newspapers detailing Coronavirus Business Support

Revisions to Coronavirus Business Support As we prepare to enter Lockdown for a second time, the government’s economic priority continues to be to protect jobs. In order fulfill this, the government has announced: An extension to the Coronavirus Job Retention Scheme (CJRS) until 2nd December (It has since been announced that the scheme will until…

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