Accounting News And Articles

Following a government announcement today (19/12/22), self-employed individuals and landlords have been given more time to prepare for...

Tax returns are the most commonly put-off jobs we deal with in accounting. No-one wants to complete them on April 6th, in July you think...

Taking on an apprentice can be quite daunting as there is a lot you need to think about. Unlike taking on any other staff member,...

Due to the current climate, we are all rightfully apprehensive of the energy bills coming our way this winter. This article outlines what...

Today chancellor Kwasi Kwarteng announced changes to tax legislation in the form of a mini-budget. Here are the most important updates!...

Each and every business activity will have some kind of impact on the environment, so it is very important to have an understanding of...

The concept of going paperless can be quite a scary thought and for some of our clients was a huge no. However, with the technology available to us today and the various apps that we can provide that link into your accounting software, it is actually an extremely easy process and can help to save you time and money! Part of my role with Revis & Co is business development and digital transformation. What this means is to look at what technology is available to us and what tech

We recently spoke to Andrew, who started Revis & Co Accountancy Services Ltd in April 1998. From this experience and helping business start-ups over the years, he has gained invaluable skills and knowledge on how to start a business. We asked him for some easy pointers on what the best way to start a business is in 2022, and this is what he said. Firstly, you need an idea of what business you wish to run- what are your skill sets, and do you have the dedication and motivation

Today Chancellor Rishi Sunak announced the Government's 2022 Spring Budget, which included various things that will affect businesses and individuals. We have summarised what you need to know below: Cutting fuel duty by 5p per litre The cut is in place from 6 pm on 23rd March 2022 The cut will last for the next 12 months Increasing Employment Allowance from £4,000 to £5,000 The employment allowance is a relief that eligible businesses can use to reduce the amount of Employer

Here at Revis and Co, we believe that young people are our future, and so we have endeavored to support young people entering into business by offering many apprenticeship positions throughout the years. We have so far had the pleasure of helping 4 people move forward with their careers through apprenticeships, and we hope to add many more! In honor of national apprenticeship week, we rounded up some opinions from our current employees on how they have found either being appr

Once again following on from a change in the government guidance this week, all of our staff will be moving back into the office from Monday 24th January 2022 (hopefully for the last time). You will not notice anything different however as we are now fully set up for flexible working, meaning our staff are able to work anywhere easily. We are however allowing clients back into our office but we would still ask you to call to book a meeting with whoever you need to see so you

The Government today has announced additional support for businesses in the hospitality and leisure sectors. It was announced that businesses in the hospitality and leisure sector who have been impacted by the Omicron variant will be eligible for a one-off grant of up to £6,000. This is to help businesses as footfall could be down at what is normally one of the busiest times of the year due to the Omicron variant. This grant will be available from your local authority and sho

On Wednesday Boris Johnston announced that employees should work from home from Monday 13th December 2021 if they can. Our employees are able to work from home with ease, so we have taken the difficult decision to ask our employees to work from home once again. Our number 1 priority is keeping our employees safe and with Christmas around the corner, it is the right thing to do. However, we are doing things slightly different than last time and we are still going to be keeping

Yesterday the Chancellor took to the house of commons to announce the Autumn Budget where he announced a significant increase in spending pledges! There was not a lot announced in regards to tax, but there were a few bits we would like to highlight for our clients. To start with, the National Living wage and minimum wage are rising across the board. The rates from April 2022 will be: ​ 23 and over 21 to 22 18 to 20 Under 18 Apprenctice Current rate £8.91 £8.36 £6.56 £4.62 £4.

From today (1st October 2021) the temporarily reduced rate of VAT of 5% will be increasing. As announced in the 2021 budget, the reduced rate of VAT will be increasing to an interim rate of 12.5% from 1st October 2021 to 31st March 2022. From 1st April 2022, the rate will return to the standard rate of 20%. This will affect all VAT registered businesses in the Hospitality, hotel, and accommodation sector and admissions to certain attractions. The supplies to which the tempora

It has been announced today (23/09/2021) that the planned rollout of MTD for Income Tax and Self-Assessment in April 2023 has been delayed until April 2024. I would assume that quite a few of our clients have not yet heard much about MTD ITSA and this is because we had decided not to talk to too many of our clients about this to date. The reason behind this is we did not want to start to worry any of our clients about this yet until we have figured out exactly who is affected

It has today been announced by the Prime Minister that National Insurance is going to rise by 1.25% which will take effect in April 2022. This is to address the funding crisis in health and social care. This is an increase in both employers and employees NI. From 2023 the NI increase will appear on employee's payslips as a separate Health & Social Care levy. You can see below how this will affect National Insurance Annual Salary Current yearly payment Additional yearly paymen

We have kept very quiet about this just in case it couldn't happen, but today all of our staff have returned to work from our offices! Even though we are back, we are still encouraging our clients to send their paperwork to us digitally wherever possible and to book an online meeting instead of in-person as this will help reduce contact. Also as a precautionary measure, we are only letting clients into our office if you have a pre-booked meeting with us, this helps us to regu

So the budget was announced yesterday and it was full of useful information that we are sure you want to know more about, more specifically the extra support announced for businesses as you are allowed to start to re-open. Below we have summarised all of the information for you, and over the next couple of weeks, we will release more detailed information including videos on our YouTube channel about the support now available to businesses. Let's start off with what was annou

Following on from the government's announcement of the roadmap for lifting lockdown, we have a small update on how this will change things w