…the Conservative Party Charting a course through the Brexit negotiations is a task of huge complexity, according to Lord Feldman. The task is completely unprecedented, and Britain’s negotiators must engage…

…compliance costs, albeit some is government funded!; From 1 July 2021, the EU has introduced new VAT e-commerce rules which require all commercial goods imported into the EU from a…

…complex. If you are making money then HMRC will probably accept you as self-employed – if you are making a few sales to offset the cost of new materials it…

…driven declines (even though music downloads had been growing for a decade). Fast forward to 2021 and access to music has never been easier and cheaper. There are signs that…

…can keep more of the new income they are generating.” Five tax breaks and considerations to be aware of include: 1.There’s room to make some tax free cash Under HMRC’s…

…at a rate of up to 45%. In the case of investment by companies, corporation tax is payable at a rate of up to 25%. Overseas companies and individuals must…

…optimising the timing of cash coming into your business compared to the timing of cash spent. Net cash flow is a crucial measure of the financial health of your company,…

…Maintaining financial compliance can be a significant drain on time and resources without the proper assistance. However, compliance is more than an administrative obligation or the price of entry to…

…compliance and encourage digitisation of record keeping. MTD has three main components: digital records, quarterly filings to HMRC, and a year-end declaration (akin to the current tax return). Who does…

Borrowing money is often attached to a host of financial complexities, and there are various questions you should be asking before entering a loan agreement. For company directors, two common…

…duty cut extended and the RPI increase cancelled Gerry Myton, Head of Indirect Tax comments: “A welcomed move from the Chancellor to maintain the 5p fuel duty cut and freeze…

…Stamp Duty Land Tax (SDLT) for transfers of property from a partnership to a company when the company is controlled by the members of the partnership (who also need to…

…Digital platform reporting From 1st January 2024, online platforms, for example, Amazon and eBay, will be required to report the income earned by an individual on that platform on a…

…comprising of regional hubs committed to supporting SMEs throughout the UK. By being part of Sumer, we can harness the collective expertise of its regional hubs, enabling us to support…

…be partnering with the WealthiHer network. Following our own MBO in 2018 HW Fisher has made great strides to help champion change within the company and our industry. We see…

…moved to different levels of media, from local to national, to working abroad, to TV, to radio. I’ve not had a chance to become complacent. Complacency is the quickest way…

…spending, internet shopping, rates increases and minimum wage. Meanwhile, the rise in compulsory insolvencies of companies of 11.1% in 2018 compared with a year earlier highlights just how many companies…

In response to the Organisation for Economic Co-operation and Development’s (OECD) global initiative to combat profit shifting and ensure a minimum level of taxation, the UK is introducing new compliance…

…has extensive experience assisting companies with their share plan reporting. We work with companies to identify reportable transactions and complete the necessary returns. We can also review historic filings to…

…holistic view when regulating providers and closely examines emerging compliance concerns. One of the main questions considered is whether the institution’s management and governance structures are adequately identifying and mitigating…

…known Brexit is coming for the past two years. And even in the softest Brexit scenario the Government forecasts the UK economy will be 3.9% smaller in 15 years’ time…

…and submitted within three months of completion of the project. “Complete” to one person might mean something different to another and the definition of complete is being litigated more frequently…

…from April 1st.” “This could mean extending the Corporation Tax band for small companies. Under the current proposals, companies with profits up to £50k will continue to pay tax at…

…so small that anyone other than the smallest companies are going to face significant tax rises.” Commenting on the super deduction break, Toby adds: “This tax break is very good…

…in a tax efficient manner. Companies The rules are very similar for limited companies when it comes to investments in crypto assets. Capital losses will be available for assets sold…

…of higher National Insurance and higher wage demands. What are the new rules? Under the current system, millions of employees receive company benefits -‘benefits in kind’ – that include anything…

…in smaller higher-risk trading companies, this relief is a cornerstone of the UK’s business tax landscape, yet it is incredibly complicated and restrictive. In order for it to work more…

…and conditions as some benefits may come with extra rules and may not be available to all employees. Tax-free Benefits Another way to combat the rising cost of NIC would…

…page. Each book should be registered and each new edition where it has a different ISBN. The British Library website contains a good deal of useful information at www.bl.uk/uk/plr/registration-service Authors…

https://www.hwfisher.co.uk/app/uploads/2023/12/ffa0230b-fdbf-43b8-b640-92cda382a511.mp4   We recently held a webinar discussing VAT, tax and employment tax issues affecting the Not for Profit sector and what finance teams should be considering as part of…

…to complete the online self-assessment tax return is 31 January 2024. With less than a month to go, Trusha Shah, Tax Manager at accountancy firm HW Fisher, offers advice for…

…“hot” topic. People are paying much more attention to these areas, so it is now incumbent on companies to consider their relationship with community stakeholders. Generally, there appears to be…

…2018, compared with the 1.4% forecast in the Autumn Budget. Debt and borrowing have been revised downwards, with the budget deficit now set to reach £45.2bn this year and debt…

…including: Youth Mobility (available for citizens of Commonwealth countries) High Potential Individual (limited to 3 years) Expansion Worker (a long-winded route to a Skilled Worker visa) Global Business Mobility Student…

…be potentially liable to pay Capital Gains Tax (CGT) when they dispose of their cryptoassets. For example, if you purchase 1 crypto ‘x’ for £10,000 and sell it a year…

Today HMRC announced that it has collected £3.2 billion in Inheritance Tax (IHT) between April and August 2023, which represents a £0.3 billion year on year rise. Commenting on the…

…questions on what this will mean from a financial perspective and where you go from here. There is a certain amount of help and support out there but making sense…

…at HW Fisher, outlines who needs to complete a self-assessment and how to avoid a web of mistakes. “Last year 96% of people chose to complete their self-assessment tax return…

With Labour committed to keeping their main tax announcements in their Autumn Budgets, commentators are not expecting any major tax changes in the upcoming Spring Statement. As the UK’s tax…

…assisting with the sale. They will help you to present your company in the best possible light, advise on the valuation of the company, compile an information memorandum for potential…

…questions about royalty and licensing revenues arise in the video games industry? One example is when a car brand licenses its IP to a racing game. Another example could be…

…this should be seen as a priority for Trustees. This comes back to understanding the common language around risk of Cyber Security and what it means at both operational level…

…subscription based services (PlayStation Now, Apple Arcade, Xbox Game Pass); big freemium titles are released on digital platforms (Fortnite perhaps being the largest example); and AAA games are offered to…

…four commonly asked questions that will help you navigate how you need to report on your side hustle. 1. What is a trading profit? In their online manuals, HMRC list…

…tax-free mileage for charity workers – Petrol prices are at an all time high and the current tax-free mileage rate needs to be adjusted in line with inflation. To support…

…Everyone, naughty or nice, needs to be invited For the event to be tax-exempt, it needs to be open to all employees in one location. For example, if your company…

…returns on time for the relevant period of compliance, again dependent on submission frequency as set out below: Submission frequency Period of compliance Annual 24 months Quarterly 12 months Monthly…

…This case concerned the VAT treatment on the supply of temporary medical staff by an umbrella company. Mainpay Ltd (Mainpay) is an umbrella company that provided temporary medical staff to…

…of larger properties coming onto the market – but these downsizers still need to live somewhere. This could drive competition over properties that are classic first time buyer territory, pushing…

With the festive season fast approaching, it’s time to start planning your Christmas celebrations. Searches for Christmas parties are up this year by 104% compared to the last. Employees are…

…ensure that for beneficiaries of estates that their tax credits and savings allowance continue to operate correctly. When do the changes come into effect? The changes relating to the low-income…

Representative Darin LaHood introduced a Residence-Based Taxation for Americans Abroad Act on 18 December 2024. The recent bill proposals could fundamentally change how UK resident US citizens are taxed. What…

…models and their impacts on local economies and communities. It would also provide a much-needed boost to physical retailers who face higher operational costs compared to their online competitors. Structural…

Over the past few months, we have all faced a truly unprecedented situation. The global coronavirus pandemic has affected our families, our businesses, our communities and our way of life,…

…challenge, there is also an opportunity! Our hope is the world starts to get back some form of relative “normality”, but that we learn from the positives that have come…

The Show Must Go On: Supporting Artists and Creating a Worldwide Arts Community through Digital Innovation Partner: Andrew Rich Client: VOCES8 Foundation In three sentences, what does the VOCES8 Foundation…

…last year are now needing to make investments. Trade buyers who have seen opportunities to expand – for example, companies needing to add a tech/e-commerce dimension to an existing trade…

…Tanya Craft and Russell Cooper’s promotions to Director in November last year. Kamal Shah joined HW Fisher in 2005 as a part-qualified accountant and completed his accountancy (ACCA) and tax…

…of people believe that employers should be taking action to improve social mobility – 42% in 2021 compared with 31% in 2019. Attracting and retaining talent from all backgrounds Encouraging…

…the next few months, all staff will complete inclusion training and learn the importance of creating and encouraging a safe, happy and secure work environment. Driving gender equity isn’t just…

…we have built, and our exceptionally talented team. I look forward to the coming years, where we will continue to build a stronger and brighter future together. Who was HW…

…have had inclusion training As part of our firm’s commitment to inclusion, over 80% of our staff have undergone inclusion training this year, creating engagement around our practices and culture…

…the environment is by calculating your company’s carbon footprint and seeing how this stacks up against industry benchmarks. Once you have a clear picture, you will be in a far…

…deeply committed to equipping our team with the resources, experience, and opportunities they need to advance in their careers. This approach fuels our growth and ensures we provide top-quality service…

…Investments, demonstrates continuing robust activity in the hospitality sector and that despite the uncertain economic environment there are still companies coming to the UK and investing in Britain. We are…

…for many jobs. Funding Xchange will also support current and future clients of HW Fisher looking to secure funding, to make sure they obtain the most competitive funding choices through…

…residence completes before the previous home has been sold the 3% surcharge will be payable. It can be claimed back providing the previous home is sold within 3 years. Married…

…lies within TMA 1970 and is as follows: s.9A- HMRC can open an enquiry within 12 months of the date the return was submitted s. 9zA- Taxpayers can amend a…

…and downsizers are impacted by increased tax on mid-to-high-value homes, which in turn freezes mobility across the housing chain. Notably, the commercial sector hasn’t been as heavily impacted by SDLT…

…Writing Festival. Special Guests include Jeffery Deaver, Martina Cole, Neil Cross, Tess Gerritsen, Gerald Seymour and Linwood Barclay. 2016’s Programming Chair is Peter James. For the full programme, visit: www.harrogateinternationalfestivals.com…

…Nasdaq Stockholm Mid Cap index. http://www.catenamedia.com About HW Fisher & Company HW Fisher & Company is a medium-sized firm of Chartered Accountants within the top 30 in the UK. Founded…