News & Updates from RJ Francis & Co - Herefordshire Accountants
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News & Updates

For many years now, Accountants have been encouraging directors in owner-managed, limited companies to take their remuneration as a combination of salary and dividends in order to benefit from significant personal tax savings. Whilst recent changes in tax legislation have reduced the savings available, it...

Coronavirus has led to the UK economy shrinking by 10% over the last twelve months and we now have the highest borrowing outside of wartime. But with the impact of vaccinations and a lockdown plan having been announced last week, this Budget is intended to...

Many businesses chose to take the option to defer their VAT payments due between 20 March and 30 June 2020, which then became payable by 31 March 2021. However, with the effects of the pandemic lasting far longer than most had anticipated, and cashflow remaining...

Following the UK’s departure from the EU on 1 January 2021, the Government has introduced ‘postponed accounting’ for import VAT on goods brought into the UK from that date. As a result, UK registered businesses importing goods into the UK will be able to account...

Following the Prime Minister’s announcement on 4 January 2021 that England is to enter a further national lockdown from 5 January until at least February half term, the Chancellor has announced additional support for businesses that have been forced to close due to the restrictions. Grants Businesses...

Could the tax incentives see you leading the way on electric vehicles? Last week the UK government has announced that they are bringing forward the ban on selling new petrol, diesel or hybrid cars from 2040 to 2035 (or earlier if possible) to help achieve their...