Vanessa Pearson (Ely)

Vanessa trained with Whiting & Partners after leaving Sussex University with a BSc degree in Mathematics. She gained her AAT qualification within 18 months, and is now a Fellow Member of the Association of Accounting Technicians. After a short time working in Cambridge, Vanessa returned to Whiting & Partners in 2007. With over 15 years of general practice experience, she now manages an extensive portfolio of clients. Based at our Ely office, Vanessa specialises in Small and Medium Enterprises (SME’s), most of which are owner managed businesses. Outside of work, Vanessa is a member of the service organisation Lions Club International. She also fundraises for local village primary school and is an active member of the Women's Institute. She enjoys music, cooking, crafts and spending time with her young family.
 
My Latest Blogs
 
Vanessa Pearson
24th November 2017 IR35: Private Sector consultation announced

As we predicted in past blogs, the Chancellor announced a consultation into IR35 private sector contractors in the Autumn Budget. Since April 2017, contractors in the public sector are no longer responsible for evaluating their IR35 status; the end client is required to carry out an IR35 assessment instead. The Treasury believe this has increased…

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Vanessa Pearson
10th November 2017 Changes to Large Company Research & Development relief

  The Research and Development Expenditure Credit (RDEC) has now replaced the large company R&D scheme. This credit is mandatory for accounting periods ended 31 March 2017, and we are now seeing the implications of claiming the new relief. The credit applies to large companies, and SME’s who claim under the large company scheme, for…

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Vanessa Pearson
26th October 2017 Is there such a thing as “free” software?

  Cloud software providers FreeAgent have been in partnership with Natwest and Royal Bank of Scotland for some months now. Small business customers of these banks are offered the software for free, and are being advised there are host of benefits such as forecasting and simplifying tax.   But is there a downside to this?…

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Vanessa Pearson
12th March 2017 New Flat Rate VAT Rules

Contractors: New flat rate VAT rules (Limited Cost Traders) HMRC has released updated guidance regarding changes to the flat rate VAT scheme which come into effect on 1 April 2017. The advantage gained by using the flat rate scheme is going to be restricted for ‘limited cost businesses’. A limited cost business is one whose…

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Vanessa Pearson
10th March 2017 IR35 in the Public Sector

HMRC: Finally release new Employment Status tool. The new public sector IR35 assessment rules come into effect on 6 April 2017 and contractors have been concerned that they are unable to confirm their IR35 status. HMRC has now released its long awaited online Employment Status Tool. The tool is available to contractors, engagers and agencies…

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Vanessa Pearson
21st September 2016 Trading Medium

Sole Trader or Limited Company: Which business structure is best for you? The answer has implications beyond those relating to tax and depends on your situation. This decision has become even more crucial with the change of taxation of dividends from 2016/17 onwards. If you expect profits to exceed approximately £30k pa, it may be…

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Vanessa Pearson
23rd August 2016 New TAAR for Personal Service Companies

New Liquidation Tax Rules: How to ensure capital tax treatment. Most contractors will be aware that HMRC introduced a new targeted anti-avoidance rule (TAAR) wef 6-Apr-16, that will make it more difficult to obtain capital gains tax treatment when profits are withdrawn from a company by way of liquidation or dissolution. Four tests have to now be passed…

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Vanessa Pearson
14th July 2016 IR35 Shake-up?

IR35: HMRC research into making clients responsible for compliance. HMRC have undertaken research to understand how employers would react if made responsible for operating IR35 on behalf of their contractors. HMRC are keen to level the playing field between employees and those who use a limited company to work in a similar manner, as they…

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Vanessa Pearson
5th May 2016 Public Purse

IR35: Could proposed changes actually result in lower taxes for HMRC? As previously reported, the government are consulting into reforming IR35 for public sector workers. They wish to make public sector engagers responsible for determining the IR35 status of the their contractors. Research by ContractorCalculator has predicted these proposals will result in a £115m tax loss…

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Vanessa Pearson
23rd March 2016 IR35 Anti-Avoidance Proposals

Office of Tax Simplification: Suggest look-through companies, to deal with IR35. The OTS have been reviewing the taxation of Personal Service Company’s, with the aim of dealing with the “issue of IR35”. They are recommending the shareholders of PSC’s pay income tax on the company profits directly, instead of via corporation tax. This “look-through” taxation…

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