…touch if we can assist with a transaction. References Stanford 2020 Search Fund Study: Selected Observations (www.gsb.stanford.edu/faculty-research/case-studies/2020-search-fund-study-selected-observations) Stanford Search Fund Primer (www.gsb.stanford.edu/faculty-research/centers-initiatives/ces/research/search-funds/primer) IESE International Search Funds 2020: Selected Observations (https://www.iese.edu/entrepreneurship/search-funds/)…

…by external debt. The searcher will normally retain anywhere between 8% and 25% of the target company, following acquisition. Benefits to searchers and investors Search Funds have been a popular…

…economic instability, regulatory change, cyber security threats, safeguarding issues, media scrutiny, public activism, demands of ESG, importance of diversity and inclusion; all these things mean that a complex blend of…

…impact on the success of the business, affecting production, operation, and sales. British companies looking must take steps to ensure they have the right information before committing their time and…

…the tax free allowance, also known as the Annual Exempt Amount. For the 2023/2024 tax year, the Capital Gains tax-free allowance is £6000. This figure is set to half in…

…the most commonly asked questions when it comes to IHT. 1. When do I need to start Inheritance Tax planning? As early as possible as your circumstances and exposure to…

…The tax will apply to businesses that manufacture or import certain finished plastic packaging materials into the UK containing less than 30% recycled content. The rate of tax will be…

…fine. The next deadline is 1st May 2024, where an extra penalty of £10 per day will apply up to 90 days.” HW Fisher’s 2024 calendar: late filing penalties for…

…be the life blood of a charity. What questions are you asking your teams? Coaching is all about asking the right questions. The secret is to ask open questions when…

…identify commercial entities.” This neatly sums up my view too. Read the full ICAEW statement: https://www.icaew.com/insights/viewpoints-on-the-news/2021/Jul-2021/BEIS-white-paper-the-long-and-complicated-road-to-reform Charity Digital Skills Report The Charity Digital Skills Report is now in its fifth…

…to 18% and the 20% rate will increase to 24%. These changes will come into effect for disposals made on or after 30 October 2024. No changes will be made…

…measures include: Multiple Dwellings Relief will be scrapped from June 2024 Furnished Holiday Lettings relief will be abolished from April 2024 Higher Capital Gains tax rate on residential property will…

…coming up in the next year. New rates of SDLT will apply from 31 March 2025. The 0% rate band will be halved, and a new 2% band introduced for…

…for a 5% SDLT surcharge. In the table below, we compare previous rates of SDLT for UK residents on a second home purchase prior to 31st October 2024 with what…

…less interaction with those in the room. Hopefully practice will make perfect! COVID-19 Survey 2021 – GOV.UK (www.gov.uk) ESG Reporting: More needs to be done Environmental, Social and Governance (ESG)…

…before the March budget. This would appear to be based on a combination of falling overseas visitors and the UK’s struggling retail sector. Tax free shopping allowed visitors until January…

On 1 November 2024, we joined the Australia-United Kingdom Chamber of Commerce for the ‘UK Budget Review 2024’ webinar and Q&A session covering Labour’s first post-election Budget 2024, and heard…

…their compliance functions and processes and invest in their internal compliance function. This has been beneficial for us and our clients particularly in such a fast-moving regulatory environment. In summary,…

2024 was a year filled with milestones for HW Fisher, including merging with the Sumer Group and our biggest graduate intake to date. As the year comes to a close,…

The new measures come just two weeks after the Chancellor’s Winter Economy Plan, where he announced the Job Support Scheme – billed at the time as a replacement for furlough….

…a first-time buyer purchasing a house in the UK for £425,000, they will be worse off by £6,250. In the table below, we compare current SDLT rates for UK residents…

        View/Download PDF…

…tax is a tactical and political move from the Chancellor. Assuming it comes into effect from April 2024, the first payslip you will see this in will arrive at the…

On 28 February 2022, two months after signing the UK-Australia free trade agreement, the UK signed a free trade agreement with New Zealand, aiming to reduce barriers to trade between…

…duty for the sector to actively promote academic freedom and free speech; the OfS should be advising in 2024 as to what this means. They do now have a free…

…on the community and the environment. Just over a year ago, a requirement was brought in for large companies (including charitable companies and universities constituted as companies) to include a…

…when it comes to UK tax policy. Encourage international wealth back into the UK Sam Dewes, Private Client Partner said “The non-dom reforms were a flagship tax policy in the…

…Sam Dewes, Private Client Partner, comments: “Tax cuts have been a long time coming! It’s been a tough few years and many people across the UK are worse off due…

…Sometimes creating a space where specific communities can come together so they can share and learn which will help them understand that actually they are not the only one who…

I joined HW Fisher in September 2024 as an Audit Trainee. This is a three-year apprenticeship programme, supporting the ICAEW’s ACA qualification to become a chartered accountant. After nearly six…

…and your employment status. If you do not normally complete a self-assessment tax return, you will need to download and fill in your P85 form offline before you leave. If…

According to HMRC, nearly 300,000 people filed their self-assessment tax return in the first week of the new tax year. In fact, 70,000 of those customers completed their return on…

…tax allowance changes The dividend allowance will be halved from £2,000 to £1,000 and then halved again to £500 in 2024 Commenting on the change, Jamie Morrison, Head of Private…

…vet in the country of origin to certify that the products are disease free by completing a 7-page form whilst plant products will need similar from a plant health inspector….

…in National Insurance was intended to fund social care policies, where will the funds for that come from now? Expect to see potential increases elsewhere.” Commentary on Stamp Duty from…

…our organisations. Machine learning is a process where you use mathematical models of data to help a computer learn and to see patterns. For example, Amazon saves your product choices…

…chance to ask your questions. We received many questions around PAYE deferrals, specifics concerning furloughed staff, how to prove coronavirus impact to your bank, and more. If you run a…

…date.” If you have any questions for Jamie Morrison, Stevie Heafford,Tim Walford-Fitzgerald. – either before or after the Chancellor’s announcement – please feel free to get in touch. Thank you….

In December 2021, the UK and Australia signed a Free Trade Agreement. The first ‘new’ trade deal signed since Brexit has been badged as world-class by the Government. But what…

…effect from 1 June 2024. MDR will continue to be available for contracts exchanged on or before 6 March 2024 even if completion is after 1 June 2024 (provided there…

…on domestic competition by proving their flexibility and expertise, rapidly adapting to different regulatory environments and implementing new technologies and processes to ensure compliance, whatever the outcome. Being free from…

…literary or comic characters underpins some of the most common and best-selling licences globally, but each character used and type of product produced must be permitted within the licence agreement….

…the then Chancellor Jeremy Hunt. One of the fundamental questions at stake is whether the Government should prioritise fairness in the tax system over encouraging wealthy individuals to live and…

…companies pay Corporation Tax, however many businesses are accelerating reorganisation and capital extraction plans to avoid expected hikes in the CGT rates for their owners – at the cost of…

…consider whether a sale is the right path for you and your company to take. Commencing the sales process is a big commitment, so reflect on your motives for selling,…

The Government has only recently issued its help package for the self-employed during the impact of Covid-19 and many questions remain outstanding. Our Partners have answered some key questions for…

The government has issued, and in some cases subsequently revised, measures to support SMEs during this time. Here, Simon Michaels and Jonathan Bourne answer some key questions associated with the…

…if the builder undertakes the work and purchases materials on the owner’s behalf, the 5% also applies to materials. The 5% rate does not apply to professional fees such as…

…or supply services to the business. The examples of filing VAT returns and running payroll come under the umbrella of providing services and therefore any provision of these services would…

…For the event to be tax-exempt, it needs to be open to all employees in one location. For example, if your company has offices in London and Birmingham, you could…

The cost of living pinch in the UK is in full swing. There is no sign of inflation coming down and interest rates have hit a 15-year high. Data from…

…made movements in the space to work to integrate valuation techniques into financial instruments measurement with IVS500 due to come into effect from Jan 2024. Areas where I can assist…

…June 2024 (except where contracts were exchanged on or before 6 March 2024). The commercial rates of SDLT will still be available for purchases of six or more dwellings. End…

…years on 5 April 2025. For instance, a qualifying taxpayer who arrived on 6 April 2024 (2024/25), would be entitled to access the FIG regime for the three years to…

…won’t have to wait long. The cuts will be effective from January 6 2024 for employees, and April 6 2024 for the self-employed. Let’s take a closer look at who…

…rate include restaurants, cafes, and general catering services, as well as hairdressing services. The UK’s Tax Policy: A Cautionary Comparison By comparison, the hospitality sector in the UK has historically…

MH Direkt, an Austrian owned e-commerce fulfilment business, has made its most recent e-commerce acquisition in the UK, acquiring Firebox.com, an online retailer of unusual gifts, homewares, lifestyle accessories and…

…Consultant at HW Fisher answers ten of the most commonly asked questions that he is asked by authors when it comes to tax. 1. What are the most frequent mistakes…

…graduates and school leavers comprehensive in-house training alongside exam studies. Hear from two of our apprentices about their own experiences starting out in accountancy. Harry Lane joined our Audit department…

…company builds up a debt to its shareholders, impacting on the balance sheet position and debt priorities that can affect the credit terms available to the company. Whatever tax mechanism…

…weren’t aware of some of the activity going on. How can universities be measuring quality? Universities should be asking a number of questions. For example, how does our higher education…

…often due to their access to financial resources and personal data. Common Cybersecurity Threats: Ransomware: Increasingly common, ransomware involves criminals encrypting or stealing data and demanding payment to restore access…

…and services comes hand in hand with the free movement of people. And so the first battle lines of the Brexit negotiations were drawn – the UK must choose between…

This month several changes have come into effect that will impact UK businesses across a wide variety of sectors. From VAT registration thresholds to changes to the R&D tax relief…

…themselves. No longer. HMRC’s new iron-fist regime is still supposedly discretionary, but penalties are now so commonly issued they appear to be automatically generated. HMRC is supposed to assess any…

…One of our favourite workshops is called “The seven strategy questions you must never stop asking.” Some of the questions are deceptively simple – ‘which words would we like to…

…profit of £24,000. In the 2000/01 tax year- the year she started the business- she was taxed on £12,000 of profits from commencement to 5 April 2001, a pro rata…

…compared to last year, where more than 2 million missed the tax return deadline. It’s important to be aware that if you haven’t settled any unpaid taxes by the 31st…

…player trading) which included the £16m compromise agreement with UEFA. 2015 Turnover increased by £5m (commercial income) Operating expenses reduced by £16m (no compromise agreement with UEFA) City made a…

…and leave as early as 4pm, as long as you complete your 37.5 hours a week. I find this really comes in handy if you’re stuck on the train or…

…In some cases, unless some tax relief is given, the combined effective rate of tax could be as high as 67%. Here is an example to illustrate this potential double…

…take against their income include: Amounts paid for items for resale. Non-commuting travel expenses. Office or business premises costs. Marketing and advertising expenses. Professional memberships. Certain legal and professional costs…

…water. Find out about your allowable expenses here. Complete your tax return on time The deadline to complete the online self-assessment tax return is 31 January 2024. If you miss…

…influence of inflation from their capital gains, driving up their Corporation Tax liability and hitting property companies especially hard. The move to make online marketplaces jointly liable for VAT with…

…recommend following the same principles as would be applied to government grants under section 24 of FRS102. Interest-free loans Certain businesses may be able to access interest-free loans. In this…

…with the freezing of tax thresholds pushing more people into higher tax rates, which will mean less net income to meet mortgage payments. This will inevitably result in demands from…

…the only way for long term success will be to invest in communities. In the coming weeks, President Biden is also set to announce a number of initiatives that will…