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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…

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…

The Fabulous Group has partnered with the award-winning Starling Bank, to support our clients with their business banking requirements. When business owners told Starling what they wanted from a bank account, they listened. Helpful features, no monthly fees, a super-fast setup, and handy integration with accountancy tools. When we heard about this, we knew we…

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…

Set to end on 31st October, the CJRS aka Furlough has not only been extended to cover England’s second lockdown but until the end of March 2021 across the UK. This announcement came as a surprise to many and has received a mixed reaction from both business owners and workers. The following information is what…

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…

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…

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…

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…

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…

People will often say to me the role of payroll is ‘just to make sure everyone gets paid on time’ and whilst there is truth in that, it involves so much more. I am responsible for payroll and compliance for our clients in Fabulous Finance and when I was approached to take my turn for…

It’s the end of my first week with the Fabulous Group, six weeks since I relocated to Market Harborough and 5 years working in accounting.   I began my career in banking and moved into accountancy in 2014. Whilst in banking, I completed the necessary banking qualifications to progress through the ranks and alongside this…

For as long as I can remember I’ve always been fascinated by retail. Obsessed with the products in my favourite shops, the noise of the tills in Tesco’s, and taking hours to set up my own shops at home or at my Nan’s house; are all childhood memories that are vividly clear. (And probably just…

The Evolution of cloud software for the finance process over the last few years Since beginning my career in accounting 6 years ago the industry has seen major dynamic changes. With the explosive growth of Xero and other cloud accounting software it’s safe to say that we are saying goodbye to the days of the…

At 12.30pm today Chancellor Rishi Sunak delivered his Summer Economic Update in Parliament where he announced a number of support measures to help the economy. The plans announced today are the second part of a three-phase plan to secure the UK’s economic recovery from coronavirus. Throughout the pandemic, the UK Government has acted with speed to…

Marketing is a skill that appears to be relatively simple. It is often the responsibility of someone in the admin team and the first cost to be cut in a crisis. This should not be the case, however. Effective marketing is valuable, but it requires investment and expertise. Without marketing, nobody will know that your…

Deciding on a career path can be difficult. There are many questions such as, ‘will I enjoy it’ and ‘will I be good at it’ which come to mind. These were the exact questions and worries that I had when I first decided to enter the accounting field. To find the answers to those questions…

The last few months has had an unprecedented effect on the economy and on SME’s across all industries. Many business owners have had to make future defining decisions based on uncertain economic forecasts to ensure that their business is one of those that can survive after the pandemic. Appointing the right accountant is so important for…

Here at Fabulous Marketing, we have been watching the world move on, change and develop through the COVID-19 new way of doing things.   Struggling v Thriving It’s been a really difficult few weeks both for businesses who are struggling and also for businesses who are thriving. Through no fault of our own, current events…

CJRS & SEISS Announcement On Friday evening 29 May 2020, the chancellor announced the final part of the Coronavirus Job Retention Scheme (CJRS) scheme that will run from 1st July until 31st October.  This introduces a new flexible element from the 1st July whereby the employer can elect to pay employees for a certain amount of time and then they can be furloughed for…