• Xaviers

The Chancellor has set out a package of temporary, timely and targeted measures to support public services, people and businesses through this period of disruption caused by COVID-19.

This includes a package of measures to support businesses including:

· a Coronavirus Job Retention Scheme

· deferring VAT and Self-Assessment payments

· a Self-employment Income Support Scheme

· a Statutory Sick Pay relief package for small and medium sized businesses (SMEs)

· a 12-month business rates holiday for all retail, hospitality, leisure and nursery businesses in England

· small business grant funding of £10,000 for all business in receipt of small business rate relief or rural rate relief

· grant funding of £25,000 for retail, hospitality and leisure businesses with property with a rateable value between £15,000 and £51,000

· the Coronavirus Business Interruption Loan Scheme offering loans of up to £5 million for SMEs through the British Business Bank

· a new lending facility from the Bank of England to help support liquidity among larger firms, helping them bridge coronavirus disruption to their cash flows through loans

· the HMRC Time To Pay Scheme

If you do have any queries, please get in touch with your usual contact at Xaviers Chartered Certified Accountants or email:

3 views0 comments

The Chancellor announced a VAT payments deferral on 20 March to support businesses with cash flow during the COVID-19 pandemic.

This means that all businesses with a UK VAT registration have the option to defer VAT payments due between 20 March and 3‌0‌‌ June.

You therefore have until 3‌1‌‌ March 2021 to pay any VAT deferred as a result of this announcement.

You do not need to inform HMRC if you wish to defer payment. You can opt in to the deferral simply by not making VAT payments due in this period. If you pay by Direct Debit you should cancel this with your bank. You should do so in sufficient time so that HMRC does not attempt to automatically collect on receipt of their VAT return.

Should you wish, you can continue to make payments as normal during the deferral period. HMRC will also continue to pay repayment claims as normal. You must continue to submit VAT returns as normal.

7 views0 comments

Updated: Mar 20, 2020

We’ve made it quick and convenient for you to manage your blog from anywhere. In this blog post we’ll share the ways you can post to your Wix Blog.

Xaviers Accountants joins Handpicked Accountants network

We are thrilled to announce that we have been selected by Handpicked Accountants to join their prestigious platform which shortlists the best accountants across the country. Recognised for our outstanding customer service and experience across a spectrum of industries, we can deliver services to clients nationwide, including the North West region from our dedicated office in Preston.

We specialise in providing accountancy services, including accounts preparation, tax returns, tax planning and day-to-day support for your business. We also provide tax planning advice to ensure that our customers operate efficiently, following HMRC guidelines. Our services expand into auditing, in particular Solicitor’s Regulation Authority audit work for those in the legal profession, charities and trusts. Xaviers Accountants are Association of Chartered Certified Accountants (ACCA) registered auditors.

Our client group ranges from sole traders, micro-businesses, partnerships, limited companies, LLPs and charities as we tailor our services to your operating structure and sector. We are partnered with Xero and Sage to provide access to industry-standard software, streamlining the accounting journey for our customers. This allows the business owner to stay in control of their financial data, whilst sharing a dashboard with their accountant.

Handpicked Accountants helps simplify the journey for businesses and sole traders on the lookout for a trusted, local accountant. Each accountant is assessed for their level of knowledge, reliability and customer service levels, so small businesses can confidently select an accountant which is reputable and has been approved by the highly experienced team behind Handpicked Accountants.

David Tattersall, Head of Client Relations at Handpicked Accountants, said:

“The highly esteemed team behind Xaviers Accountants thrive in providing a service with integrity, in the hope to establish the firm as a market leader for small businesses in the North West region. We are excited to welcome Xaviers Accountants to the Handpicked Accountants family, offering an alternative provider to businesses on the hunt for an accountant.”

The profile for Xaviers Accountants is now active on the Handpicked Accountants platform.

#Accountant #Tax #Digital

2 views0 comments
Main Logo from illi.png