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Please see below for a range of useful blog posts, resources and latest news stories which may be of interest to you.

Videos

7 Apr 2020

Le Tour in 24

Posted by - Kevin Johns

27 Feb 2020

Life of Prime

Posted by - Kevin Johns

27 Sep 2019

Private screening of England vs USA RWC2019

Posted by - Kevin Johns

Resources

20 Jul 2020

Coventry and Warwickshire 2020 Q2 QES

Posted by - Steve Harcourt

We are delighted to share with you the latest QES Results Brochure produced by Coventry and Warwickshire Chamber of Commerce, in partnership with Prime. 192 responses were received from businesses covering over 9,000 employees across our region.

2 Jul 2020

Updated Furlough Facts and Guidance

This resource provides the answers to some of the most frequently asked questions about furloughed workers. Please do contact us if you need to discuss your situation or have any further questions. This item was correct as of 14 June and provided to us by Halborns Limited.

27 Apr 2020

Updated Furlough Facts and Guidance

This resource provides the answers to some of the most frequently asked questions about furloughed workers. Please do contact us if you need to discuss your situation or have any further questions. This item was correct as of 27 April.

4 Apr 2020

Updated Furlough Facts and Guidance

This resource provides the answers to some of the most frequently asked questions about furloughed workers. Please do contact us if you need to discuss your situation or have any further questions. This item was correct as of 4 April.

26 Mar 2020

VAT - things worth considering in light of COVID-19

This resource covers Government announcements as at 20 March 2020.

At this challenging time, many businesses will be looking at the impact of the Covid-19 health emergency on their businesses. As well as the potential need to defer the payment of VAT return liabilities, there are several VAT procedures that businesses may benefit from considering, that can easily be overlooked in more normal times.

26 Mar 2020

Furlough Facts and Guidance

This resource provides the answers to some of the most frequently asked questions about furloughed workers. Please do contact us if you need to discuss your situation or have any further questions.

24 Mar 2020

Government Support for Businesses & Charities

This resource provided by the Greater Birmingham Chambers of Commerce summarises the support that the Government are offering to businesses and charities that are affected by the current outbreak of COVID-19.

24 Mar 2020

Lay-off / short-time working flowchart

If your business is severely affected by coronavirus you may need to introduce temporary measures to protect your workforce and business. UK employers may be able to take advantage of contractual lay-off and short-time working provisions; use this flowchart to see if you could benefit from this, however specific legal advice should be sought before seeking to make changes to employee terms and conditions.

12 Mar 2020

The Budget 2020

Following the UK’s departure from the EU, Chancellor Rishi Sunak presented the 2020 Budget on Wednesday 11th March against a backdrop of economic uncertainty. Our Budget Summary provides an overview of the key announcements arising from the Chancellor’s speech.

30 Jan 2020

Coventry and Warwickshire QES Q4

Posted by - Steve Harcourt

The Quarterly Economic Survey (QES) is the largest and most representative independent business survey of its kind in the UK. Each quarter more than 6,000 businesses across the UK's Accredited Chamber Network participate in the QES. In Coventry & Warwickshire, we receive between 300-500 responses each quarter.

1 Dec 2019

Prime Accountants Group booklet

Posted by - Morgan Davies

Prime Accountants Group is an independent firm of chartered accountants, forensic accountants, business and financial advisors. We simplify business for our clients, allowing them to spend more time doing what they do best.

28 Nov 2019

Probate Services

Help is at hand when you lose a loved one, let us assist you to make the probate process as smooth as possible. Probate is the process of administering a deceased's estate. This involves listing their assets and making sure these are distributed in accordance with their wishes. It also means paying any taxes which are due.

3 Sep 2019

Business Planning

As a busy business owner, it can be all too easy to become absorbed in the day-to-day minutiae of running your business. However, it is essential to take a step back to focus on your plans and strategies to help secure the business’s future prosperity and success.

3 Sep 2019

Charities

Registered charities may qualify for a number of potentially valuable tax exemptions and reliefs. However, they are not necessarily immune from tax entirely. Here we outline some of the key areas to consider.

3 Sep 2019

Personal Planning

Tax and financial planning may not be the first activity of choice for many people, but if you want to ensure that you are making the most of your hard-earned cash, and that your family will enjoy financial security into the future, it is essential to plan ahead.

3 Sep 2019

Retirement Planning

Retirement isn’t what it used to be. In many ways it is better: people are living longer and enjoying healthier and more active retirement years. On the financial side, however, trends are not as positive. For a combination of reasons, the goal of a financially secure retirement is becoming increasingly difficult to achieve. This guide highlights some of the issues you need to consider if you wish to enjoy the comfortable retirement you deserve.

3 Sep 2019

Value Added Tax

Value Added Tax (VAT) is a tax chargeable on taxable supplies made in the UK by taxable persons. This guide explores a range of basic VAT planning options and provides an introduction to some of the schemes available for businesses with a smaller turnover.

3 Sep 2019

Exiting a Business

Running a business presents many challenges, and it can be difficult for the busy business owner to find the time to compile a comprehensive business exit plan. However, planning ahead will help to ensure that you maximise the financial benefits for yourself and your loved ones, while allowing the business to pass smoothly to any successors, and making sure that you comply with the appropriate tax and legal requirements. We can help you to plan now for a successful – and profitable – exit from your business.

3 Sep 2019

Inheritance Tax

Inheritance tax (IHT) is currently payable where a person’s taxable estate is in excess of £325,000. Therefore, if you own your own house and have some savings, your estate could be liable.

3 Sep 2019

Year End Planning

Tax planning is about knowing the personal and business taxes you are liable to pay, and acting to minimise them. It is also about maximising your net income, and creating opportunities to invest and save tax-efficiently, for the current and future needs of your business, your family and yourself. While there is no doubt that the tax system is complex, you should not let complexity deter you from a simple goal: keeping your taxes as low as possible. That’s where we can help.

Latest News

13 Jul 2020

Chancellor unveils three-point plan for jobs

Posted by - Kevin Johns

On 8 July, Chancellor Rishi Sunak announced a three-point plan to support jobs in the wake of the COVID-19 pandemic when he delivered a Summ...

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13 Jul 2020

Stamp duty temporarily reduced

Posted by - Claire Lea

Chancellor Rishi Sunak announced a temporary cut in the rate of Stamp Duty Land Tax (SDLT) in order to boost confidence in the flagging hous...

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13 Jul 2020

Bank of England increases stimulus package for UK economy

Posted by - Peter Hewston

On 18 June, the Bank of England increased the stock of purchases of UK government bonds by an additional £100 billion to help boost the UK ...

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13 Jul 2020

FCA confirms further support for consumer credit customers

Posted by - John Osborne

The Financial Conduct Authority (FCA) has confirmed further support for users of certain consumer credit products if they are experiencing t...

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13 Jul 2020

Private sector off-payroll reforms given go ahead for April 2021

Posted by - Claire Lea

The introduction of off-payroll rules to the private sector will go ahead as planned next April after an attempt to delay them failed in the...

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Blog

8 Jul 2020

Prime's Summer Economic Update Summary

Posted by - Claire Lea

This afternoon the Chancellor, Rishi Sunak, presented a Summer Economic Update to announce measures to mitigate the impact of Covid-19 on th...

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1 Jul 2020

Claire Lea promoted to Director

Posted by - Morgan Davies

Prime Chartered Accountants are excited to announce that Claire Lea has been promoted to Director on the 1st July 2020. Claire joined Prime...

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28 Apr 2020

Coronavirus Job Retention Scheme Claims

Posted by - Jamie Skelding

Last week the online portal for the Coronavirus Job Retention Scheme launched, allowing businesses to claim back the wages paid to furloughe...

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13 Mar 2020

Life as a self isolator (kind of)!

Posted by - Morgan Davies

I have been off work and working from home following knee surgery a week ago. So now I have some insight to what it’s like being forced to...

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12 Mar 2020

A Budget for investment

Posted by - Claire Lea

Yesterday we partnered with Coventry & Warwickshire Chamber of Commerce for a live interactive Budget event with business leaders in the...

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