It seems we’ve said this a thousand times and more…but things really do seem to be getting back to normal now, right? (Quick! Touch wood!)
What a couple of years we’ve had.
As our businesses are now open, furlough is wrapping up and
masks are becoming a thing of the past, it’s hard not to reflect on what we
have all experienced as a community over the last few years.
Our local businesses have suffered like never before, our
high streets are rapidly emptying, and staff levels are increasingly uncertain
due to people self-isolating, and yet amongst all that negativity, positivity
shines through. Look at how businesses have adapted to survive! Look at how
they’ve rallied around to switch to online shopping, sorting deliveries and
sharing the posts from those they want to support. They’ve shown us how strong
we are when we work together, and it’s made us all realise just how much we DO
value or strong local business community.
Advanced are so proud of the part we have played during the
pandemic. We take our hats off to our healthcare heroes, the NHS, paramedics,
care workers, postal works, teachers and so many more who have kept us going
through our darkest moments. But we also want to extend our heartfelt thanks to
our loyal staff, who, as essential finance workers, came to the office day in
and day out to help out not only or local but also nationwide businesses by
organising grants and loans, by furloughing staff and by offering some
much-needed business advice to people who were at a loss.
In fact, to date, Advanced have secured a whooping £529,569.32
for those in need since the start of the pandemic.
Advanced Accountancy not only take on many new clients, but
because of our customer care levels, we also have exceptional retention rates.
This is not only great for our growth and reputation, but it means we’re in the
fortunate position to be able to frequently offer up new jobs and opportunities
within the community.
Our workplace and workforce have gone from strength to
strength, so much so that we have yet another large recruitment drive. Lottie
is an accounting graduate that joined Advanced in September 2021. Susan has
joined Maddison on our payroll team and Morgan is our new apprentice who is
completing his apprenticeship at Dudley College. All our new recruits have hit
the ground running and we’re super proud of them.
Speaking of super proud, we’d love to take this opportunity
to offer our huge congratulations to Rohan, our much-loved practice manager who
has recently proposed to Davina, the love of his life (and yes, she said yes!)
If you want to see the rather impressive photos, please head over to our
Not to end on a depressing note, but it’s that time of year
And no….not Christmas! The self-assessment electronic
filing deadline day is rapidly approaching and will be upon us on the 31st
of January 2022. But of course, you want to be ready and organised well before
then! That’s why we’re here! Call us on 01384 271858 and file your
self-assessment tax return with us.
Don’t forget Advanced have a five-star customer rating on
Trustpilot, Facebook AND Google. Don’t trust us, trust our clients!
Anyway, that’s all from us. Enjoy the run up to Christmas
feels like months of enduring another lockdown (this one during the depths of
winter!) we finally have some uplifting news and something positive to focus
A roadmap to ending lockdown has been announced and the end is in sight! Primary and secondary schools are returning on the 8th of March. Hairdressers, beauticians, non-essential shops, zoos, and safari parks can all reopen on the 12th of April. Our much-missed pubs and restaurants can also look to reopen mid-April, but we need to keep our fingers crossed for warm weather because it will be outdoor dining only until later in May. Cinemas, softplays and all other indoor pursuits will be good to go as of May 17th. For those of you who are missing nightclubs you will be pleased to know that ALL restrictions are hopefully going to be lifted by June 21st. It is pretty hard to imagine the UK without restrictions right now isn’t it? But this news will bring some much-needed relief to so many people missing their loved ones, and of course, much needed relief to so many wonderful UK businesses that have been devastated by the pandemic.
Being restriction free sounds
amazing, but it is of course subject to the numbers continuing to decrease so
we all need to carry on doing our bit for now!
still far away. What help is on offer?
We understand that if you
have been unable to trade since the start of January, the idea of having to
wait until June potentially to reopen your business is still devastating. But
there is more support on offer than ever before. Furlough has been extended
until the end of April. There is a large variety of different support packages
out there depending on your circumstances such as the Bounce Back Loan,
Additional Restrictions Grant, or the Coronavirus Business Interruption Loan
Scheme to name a few. Our expert staff are well versed in every single relief
package out there and will soon find the right one for you.
What can WE
do for you?
Advanced Accountancy have
been working flat out since the first lockdown ensuring that each business that
turns to us for help is given the very best chance of success. Our expert
payroll team can furlough your staff and bring them back from furlough when
needed. We can check your eligibility for business grants, apply on your behalf
and arrange any other financial assistance you might need such as loans and
support packages. In fact, to date, Advanced Accountancy have applied for, and
successfully secured, an astonishing £255,855,41 worth of grants on
behalf of many different businesses and organisations. We are doing our bit to
ensure that we come out the other side of this pandemic with businesses and
jobs as intact as they possibly can be, and the reviews are pouring in with so
many clients stating that we have helped to keep them afloat during this
incredibly stressful time.
what can we say. We’re coming to the end of another year and I’m guessing the
vast majority of us are happy to see the back of it..
all cheered to the start of 2020, none of us could have imagined the social
isolation, the hospitals bursting at the seams, the whole world stopping.
us could have predicted businesses shutting for months at a time, people going
bankrupt, high streets closing at an even more alarming rate than before.
us are facing a Christmas and New Year unlike any we have seen before. We’re
having to learn (and relearn) what social bubbles are. What tiers we’re in.
Where we can and can’t shop.
uttered the words ‘where on EARTH is my mask’ more times than we ever thought
possible. We’ve witnessed insane queues for McDonald’s. We’ve realised what it
is we really value.
Advanced Accountancy we have seen first-hand the absolute devastation that
lockdown has done to our local businesses. We have applied for grants, loans
and provided our expertise on the various government schemes throughout the
pandemic. We hope we HAVE helped. We hope we have provided the advice, guidance
and the support that our existing and new clients needed in this time.
we have helped our precious community cope with the stress of Covid-19.
lost people this year that we did not expect to. Marina’s much-loved Dad
tragically passed away at the start of the year, which has had a huge and
lasting impact on us personally. The death of Lucy and her young friends has
shocked and horrified our community, and the nation. There have been countless
other loses due to covid and we extend our heartfelt sympathies to all of you
that have been affected by 2020 in the worst possible way.
we carry on. We battle against the affects of lockdown. We take care of each
other. We keep going.
has taught us how strong we can be if we all work together. It has shown us
what can be achieved.
we’d like to pay our respects to all those who are no longer with us. However,
we would also like to give thanks to each and every one of you who have
continued to support us and Advanced Accountancy through this difficult year.
For everyone who has liked and shared our posts, for all the recommendations,
for everyone who has continued to place their trust in our services.
small local businesses we stand united at this time. Whatever the future holds
we face it together.
great Christmas, a prosperous New Year and please join us in booting 2020
firmly out of the back door once and for all!
Over the last
six weeks or so there have been so many sudden unexpected changes that every
blog we’ve written has been out of date within 12 hours, so we’ve been keeping
you up-to-date via our Facebook page instead.
We’ve had the
introduction of tiers, curfews, another lockdown, and now finally we’re settled
back into tiers (until the 16th anyway) so we’re back to blogging!
It goes without
saying that the restrictions and unpredictability have had a huge knock on
affect on businesses throughout England and the UK.
Accountancy has clients far and wide, so we appreciate that all of you may be
affected differently. Is it drinks, no drinks or drinks with a substantial
meal? (scotch egg, anyone?)
headquarters we have unfortunately fallen into the no drinks category, or tier
3, as its more commonly known. Our wonderful pubs, bars and restaurants have
had to close their doors yet again, as have many non essential shops. So how on
earth are businesses meant to survive the forced closures I hear you cry?
It’s tough. We
know it’s tough. You want to be working. You’ve worked hard to build your
business and watching it struggle is painful.
been extended until March at 80% which is great news for employees who want to
keep their jobs and employers who want to keep their loyal staff.
are still there for the for small and medium businesses, and if you’re self
employed, there is the self-employment income support scheme.
There is also
support in the form of deferring VAT, Statutory
Sick Pay rebate, Business rates holiday for retail, hospitality and leisure,
Coronavirus Business Interruption Loan Scheme, Coronavirus Bounce Back Loan,
Support for businesses paying tax: Time To Pay Service, Support to create job
placements: Kickstart Scheme, Local Restrictions Support Grant and the
Additional Restrictions Grant to name a few. *takes a deep breath*
pandemic threw us into the first lockdown, Advanced have been busy applying for
financial relief on behalf of countless businesses needing guidance.
open and fully functional, and our director Marina has invested in the highest
quality PPE for our staff, our premises and our wonderful clients.
Of course, if you’d prefer, we’ll happily conduct any consultation or conversation over the phone or via zoom. We’re totally flexible and here to meet your needs.
So if you’ve been affected by Covid, no matter where you are, and no matter what your tier, remember that Advanced Accountancy has the solution that suits YOUR business.
Our wealth of
experience and expertise has given us the tools to support you when you need it
most, and our covid secure office means we are able to continue meeting and
working in safety.
Well, what a year it has
been! Financially and personally for most of us it has been turbulent to say
the least, and unfortunately, it’s looking like we’re not out of the woods just
Advanced have been as busy as
ever adapting to the changing financial landscape. While many of our wonderful
clients have sadly had to shut up shop or reduce their hours, we have dedicated
our time to providing them with assistance by applying for local authority
grants, loans, self-employment support schemes, furloughing staff and much much
Most people see accountancy
firms as an extra expense they can’t afford when times get tough but we think
having an accountant on your side to navigate through such turbulent situations
can actually prove to be financially beneficial….and based on the feedback
we’ve been getting, our clients agree!
The hospitality industry in
particular has struggled. Pubs, restaurants, clubs, bars and accommodation have
had to shut for an extended period of time, and they have all faced huge
changes since reopening. Some businesses had a brief boom during August as the
‘eat out to help out’ scheme proved extremely popular (or £10 off and 10lb on
as I preferred to call it…) but now that they’ve been hit with a 10pm curfew
and with many regional households not being able to mix the financial pressure
is back on.
So what support is now out
there to ensure we do not lose our valued establishments and countless jobs?
Aside from the eat out to
help out, the hospitality industry has been given a reduced VAT rate (on
affected supplies) of just 5% which has now been extended. This applies to
hospitality, holiday accommodation and attractions. This temporary change will
run from 15th of July 2020 and remain in place until 31st
The hospitality industry has
also been granted a Business Rates Relief which allows businesses in the
retail, hospitality and leisure industry to not pay any business rates for the
2020/2021 tax year.
In addition, with the
furlough scheme changing as of 2nd October 2020, paying now only 60%
of wages instead of the original 80%, the government have launched a new system
of support to help people to retain their jobs.
A new jobs support scheme has
been designed to protect jobs in businesses who are going to be facing
difficulty over the winter months due to COVID. This scheme starts on the 1st
of November and will run for 6 months. It will allow businesses to cut the
hours of their employees if they cannot justify having fulltime staff.
Employees can keep their jobs under reduced hours whilst still receiving 77% of
their original wage (one third of which will be paid by the government)
Employers who use the job
support scheme will also be able to claim the job retention bonus and you will
be able to claim this bonus on the gov website from December 2020.
As always, if you need any
help such as bringing your staff back from furlough or applying for the jobs
support scheme or anything else, Advanced Accountancy are just a phone call
away on 01384 271858 or email Enquiries@advancedaccountancy.co.uk
Sadly, fraudsters are taking advantage of the current situation and we’re seeing more attempted scams. Here are some tips on spotting common ones and how to stay safe, along with what we’re doing to help.
Stay safe from these common scams
Double check the identity of who you’re paying
Fraudsters may contact you pretending to be your bank, HMRC, the police or a utilities company, asking you to transfer money or give them information. If you get an unexpected message or call like this, hang up. Google the organisation’s official number and call them directly.
Fraudsters will tell you there’s a problem with your account or threaten legal action if you don’t pay fast. They are professionals and can sound very convincing. Fraudsters can also fake phone numbers and make their emails look legitimate, so always contact companies directly to check.
Don’t rush into a payment
An organisation you trust will never pressure you into making a payment or taking out a loan, especially over the phone. If someone’s doing that, they’re almost certainly a fraudster.
If you’re not sure, speak to a friend or family member, or chat to us. Fraudsters will try to rush you by threatening ‘legal action’, or telling you that your account is ‘at risk’.
If it seems too good to be true, it probably is!
If you’re being offered something very cheaply over social media, it’s probably a scam. Buy from a trusted merchant where you can check verified reviews, and where you can pay by card.
Similarly, legitimate investments don’t happen over social media, and will never guarantee profits. Check if a company’s registered with the FCA before investing.
We’re also seeing more coronavirus scams, like fake texts from HMRC offering money as a ‘goodwill payment’, or from the government offering ‘tax relief’. These are scams, so always check official sites before clicking on any links!
Share this with your friends and family so they can stay safe.
If you have any doubts about any communication you have received please get in touch with us on 01384 271858 or email us at Enquiries@Advancedaccountancy.co.uk