Vanessa Pearson (Ely)

Vanessa trained with Whitings LLP 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 Whitings LLP in 2007.

With over 20 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. Vanessa heads up our Contractor specialism and is a member of the firms specialist Corporation Tax Group, with a particular interest in technology companies.

Outside of work, Vanessa is a member of the service organisation Lions Club International. She enjoys music, cooking, bookmaking and spending time with her family and friends.

My Latest Blogs
4th May 2022 Taxation of Cryptocurrency gains

Similar to share dealings, you must declare any gains or losses from cryptocurrency investments on your personal tax return. It is important to keep records of dates, currency type, amounts bought or sold, and the value. There are several software options that can assist you with this; the best will include converting the currency to…

12th January 2022 Furnished Holiday Lets: Rates loophole to close

From April 2023, the government will be tightening up the rules in England where currently some landlords do not pay either business rates or council tax on their furnished holiday lets.  In most cases, however, landlords will want to be assessed for business rates in the hope of qualifying for small business rates relief (SBRR),…

11th January 2022 Chancellor announces another £1bn in grants

On 21 December 2021, Chancellor of the Exchequer, Rishi Sunak, unveiled a £1 billion COVID-19 fund, including cash grants of up to £6,000 per premises for each eligible firm in the hospitality and leisure sector.   Mr Sunak said the government would also help certain firms with the cost of sick pay for COVID-related absences. The Chancellor also announced…

11th December 2021 Tax exemption of Christmas parties/gifts

Businesses may be hoping they can hold their annual Christmas parties this month. Providing the event is annual, open to all employees and the total cost, including VAT, is less than £150 per person (including non employee guest attendees), this will be a non-taxable benefit in kind (ie free of PAYE tax and National Insurance…

9th December 2021 Advisory fuel rates for company cars

New company car advisory fuel rates have been published and took effect from 1 December 2021.   The guidance states: ‘you can use the previous rates for up to one month from the date the new rates apply’. The rates only apply to employees using a company car.   The advisory fuel rates for journeys…

10th November 2021 IR35 tax bill of £281k for Sky presenter

HRMC continue their campaign against broadcasters, with another successful case against former Sky presenter Dave Clark. Mr Clark presented and commentated on professional darts tournaments, and tried to argue his company’s relationship to Sky was one of self-employment.   His appeal has been rejected, with almost all the usual “badges of trade” having failed. Sky…

20th May 2021 VAT deferral payment scheme deadline 21 June 2021

One of the ways government helped businesses in 2020 was to allow them to defer paying VAT liabilities due between March and June that year. Those taking advantage of this had until 31 March 2021 to pay. In September 2020, the Chancellor announced the VAT deferral payment scheme. Instead of paying in full by 31…

26th March 2021 6 April: A Guide to Off-Payroll Working Tax Rules

The proposed new rules apply regarding who determines IR35 status for freelancers hired by medium and large companies are imminent. Our Brief Guide will help find out how this affects you and what you can do: A Brief Guide to Off-Payroll Working Blog entry by: Vanessa Pearson

18th February 2021 IR35 – HMRC announce ‘light touch’ approach to penalties

The new private sector off-payroll rules are due to start from 6 April 2021 and HMRC have published their latest guidance – here.   The changes move the responsibility for determining a contractor’s IR35 status from the worker’s personal service company to the end client engaging them, where the end client is a medium/large business.…

7th December 2020 Company accounts – do you know your new filing deadline?

As a response to COVID-19, earlier this year the Government announced a temporary extension to the filing deadline of certain documents that are filed at Companies House. Private companies whose annual accounts filing deadline fell between 27 June 2020 and 5 April 2021 were given an additional three months to prepare and file their accounts.…