Financial Information Archives - Merranti Accounting

Fake Government Grants Fraud Alert

December 15, 2017

Individuals and businesses are being warned to watch out for cold calls and online contact from fraudsters who are offering victims the opportunity to apply for Government grants for an advance fee. To make the grants look legitimate fraudsters have set up bogus companies and convincing looking websites that claim to be operating on behalf

Rise in Interest Rates for the first time in 10 years

November 10, 2017

Rise in Interest Rates Last Week for the first time in more than 10 years, the Bank of England has raised interest rates. The official bank rate has been lifted from 0.25% to 0.5%, the first increase since July 2007 and according to Mark Carney, the Bank of England Governor, it is likely to rise

When must a business register for VAT

October 17, 2017

A business should register for VAT if their ‘Taxable Supplies’ over the past 12 months have exceeded the VAT registration threshold. From April 2017, the VAT registration threshold has been £85,000. Therefore, if at the end of any month, the total value of all the taxable supplies over the previous 12 months is greater

The National Living Wage, what does it mean to your business?

February 26, 2016

As of the 1st April 2016 all employers will be required, by law, to pay all of their employees over the age of 25 (that are not in the first year of an apprenticeship) a minimum of £7.20 per hour. Anyone employed under the age of 25 will need to be earning their age appropriate minimum

New Budget for 2014

March 19, 2014

Key points about the new budget set out for 2014, as big changes are set out for you and your future.