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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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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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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London Skyline featuring the river Thames

Amid growing pressure, Chancellor Rishi Sunak, has unveiled increased support for jobs and workers impacted by tightened Covid restrictions.  The revised support builds upon the existing packages he set out earlier this month. The funding is available UK-wide despite the approach to restrictions varying across the devolved nations. To help make sense of what funding…

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A new package of support measures for businesses. To further protect jobs and support businesses today the Chancellor Rishi Sunak outlined the Winter Economy Plan. The package of measures announced plan to help businesses through the uncertain months that lie ahead as the nation continues to tackle the spread of the virus. Since the beginning…

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Letterbox

Guidance for recipients of a HMRC CJRC Correction letter Since it launched in April, the Coronavirus Job Retention Scheme (CJRS), also known as the furlough scheme, has paid out £35bn and has been used by 1.2m employers, enabling 9.6m jobs to be furloughed.  Of this, it is thought that the UK may have paid up…

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Finance Assistants Intorduction

We invite you to discover our fabulous Finance Assistants. To shake things up we decide to conduct an interview with each of them.  Their backgrounds all vary and it’s safe to say we have a bit of a Xero fan club! Enjoy discovering Maxine, Vandana and Daniel of Fabulous Finance.     Daniel Matthew  Daniel…

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