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https://hwfisher.co.uk/protecting-your-brand-the-supply-side-way/
…a global brand needs quality assurance (QA) and a formal sign-off process to ensure the final product has been fully vetted – with control over how many are sold and…
https://hwfisher.co.uk/autumn-statement-predictions-from-hw-fisher/
…all the more reason for individuals to seek professional advice as early as possible, and to maximise other tax reliefs and planning.” If the chancellor decides to halve tax-free allowance…
…“bed and breakfast” sales and repurchases. Planning such as “bed and spouse” or “bed and ISA” can still allow tax-free gains to be realised, albeit with ever smaller benefit as…
https://hwfisher.co.uk/a-qa-with-hw-fishers-tanya-craft/
…service advice, and anticipated trends for the coming year. What is your role at HW Fisher? I deliver high-quality audits, leading teams to understand clients’ businesses, robustly plan and assess…
https://hwfisher.co.uk/national-apprenticeship-week-qa-series-with-harry-lane-and-lisa-matthews/
For National Apprenticeship Week, we’re celebrating the achievement of our apprentices’ past and present and the positive impact they make to our firm. Our well-respected and challenging training scheme gives…
…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,…
https://hwfisher.co.uk/guidance-for-self-employed/
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…
https://hwfisher.co.uk/key-questions-for-smes/
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…
https://hwfisher.co.uk/property-market-2022-changing-tax-legislation-to-be-aware-of/
…doors, wiring and plumbing; The provision of facilities such as water, power, heat and drainage and the installation of fitted kitchen units, sanitary-ware, central heating and light fittings. In addition,…
https://hwfisher.co.uk/will-brexit-impact-financial-firms/
…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…
https://hwfisher.co.uk/guidance-for-charities-your-key-questions-answered/
…Our charity department answer some key questions for anyone associated with a charity, looking for clarification on what the best action is for these organisations during this period of uncertainty….
https://hwfisher.co.uk/hw-fisher-llp-advises-mh-direkt-on-uk-e-commerce-acquisition/
…founded in 1998 and for over 20 years has sold unusual or abstract products that are hard to find elsewhere. The products are primarily sold through the Firebox.com website and…
https://hwfisher.co.uk/self-assessment-tips-for-airbnb-and-short-term-let-hosts/
…you must pay Rental Income Tax. Your rental income and regular income combined will determine your tax band. Please note that this will not include the expenses incurred from hosting…
https://hwfisher.co.uk/tips-for-self-employed-individuals-when-preparing-their-tax-return/
…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…
https://hwfisher.co.uk/what-you-need-to-know-about-the-uk-australia-free-trade-agreement/
…through ‘staged liberalisation’ via implementing tariff quotas and safeguards, particularly for beef and sheep meat. In particular: For beef, a tariff-free quota of 35,000 tonnes at entry into force will…
https://hwfisher.co.uk/basis-period-reform-impacts-for-partnerships-and-sole-traders/
The government has released a document outlining the current rules for basis periods and setting out a specific proposal to simplify them. The proposal affects the self-employed, partnerships, trusts, and…
https://hwfisher.co.uk/national-authors-day-your-top-ten-tax-questions-answered/
…taxation agreement. Claim forms have to be certified by HMRC and there are generally standard forms available for completion. Where forms are not available, a request for a Certificate of…
https://hwfisher.co.uk/the-future-of-self-assessment-will-digital-platform-reporting-take-over/
…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…
https://hwfisher.co.uk/all-we-want-for-christmas-is-a-tax-free-party/
…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…
…they sun themselves elsewhere for the fortnight. 2. Turn your driveway into an advantage point If you are thinking about renting out a spare parking space, the £7,500 tax-free threshold…
…Quality is such a fundamental area for universities, and it is an area which Audit Committees should fully understand in terms of the processes – how do the executives at…
https://hwfisher.co.uk/missed-the-tax-return-deadline-what-happens-next/
…penalty on 2021/22 Income Tax, Capital Gains Tax and Class 2 and 4 NIC if they have not been paid by today. 30 April 2023 For those who missed the…
https://hwfisher.co.uk/shoot-first-ask-questions-later-help-hand-fall-foul-vatmans-get-tough-regime/
…might be as simple as meeting your filing obligations, and not repeating the same mistake again. For example, if you sold a second hand car, and didn’t account for VAT…
https://hwfisher.co.uk/business-strategy-insights-for-charities/
‘Strategy’ is one of the most mis-used and grand sounding words in our business language. After all, “What’s our strategy for dealing with this?” sounds so much better than “What…
https://hwfisher.co.uk/national-apprenticeship-week-a-day-in-the-life-of-leyla-murtagh/
…We have training sessions throughout the year that are thorough and informative, so tasks are typically easy to get through without needing to ask too many questions. We’re also given…
…property, including through Airbnb tips and commission income from savings, investments and dividends foreign income This list is not exhaustive. If you are unsure on whether you need to complete…
https://hwfisher.co.uk/cop26-driving-profit-and-purpose/
…largest businesses will be forced to disclose their climate-related risks and opportunities starting from April 2022. The new legislation will see over 1,300 of the largest UK-registered companies and financial…
https://hwfisher.co.uk/hw-fisher-joins-wealthiher-network/
…perceived as a man’s world. We need to act fast and act now.” For more information, please contact: For WealthiHer: Louise Barnett, 07713 742685 For HW Fisher: Hannah Polson, HWFisher@cognitomedia.com…
https://hwfisher.co.uk/uk-businesses-crave-certainty-ahead-of-autumn-statement/
…employees for higher wages – which continues to put strain on businesses that are already struggling with increased costs for goods and materials as well as energy costs. We need…
https://hwfisher.co.uk/how-to-prepare-your-business-for-brexit/
…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…
https://hwfisher.co.uk/budget-2017-highlights/
…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…
https://hwfisher.co.uk/how-do-you-value-music-3-things-you-need-to-know/
…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…
https://hwfisher.co.uk/brexit-may-mean-brexit-will-mean-business/
…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…
https://hwfisher.co.uk/can-i-be-employed-and-self-employed-at-the-same-time/
…could possibly arise from the mistaken belief that you are automatically self-employed if you work for more than one person. It is perfectly possible to have several employed jobs and…
https://hwfisher.co.uk/accounts-tax-small-business-guide-managing-finances/
…you mustn’t; you need to lay the groundwork for effective management of your accounts and tax. From getting to grips with your books and managing cash flow and from taking…
https://hwfisher.co.uk/accounting-implications-of-covid-19/
…we discuss some of the main forms of support available and being utilised by businesses and offer guidance as to how to account for these in your financial statements. This…
https://hwfisher.co.uk/director-loans-what-you-should-know-about-potential-tax-liabilities/
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…
https://hwfisher.co.uk/meet-the-team-andrew-rich-managing-partner/
…support, sponsor, and advocate for each and every person in the organisation. It’s about being fair and giving a voice for our people at all levels of the organisation, whose…
https://hwfisher.co.uk/spring-statement-2023-key-takeaways/
…30 hours of free childcare for working parents in England expanded to cover one and two-year-olds, to be rolled out in stages from April 2024 Reduced paperwork for international traders,…
https://hwfisher.co.uk/financial-compliance-calendar/
…more secure and efficient European payments market that protects customers and levels the playing field for service providers. Compliance deadline: 13th January 2018 General Data Protection Rules The European Council’s…
https://hwfisher.co.uk/bracing-brexit-event-review/
…crossborder trade. Another top priority for British businesses will be their ability to retain and attract skills. The combination of the weak Pound and a perception that the UK is…
https://hwfisher.co.uk/brexit-tips-and-recommendations-for-charities/
…Customs declarations are required for imports and exports and there may be checks on the goods at the border; We have stepped back in time and duty might be payable…
https://hwfisher.co.uk/simplifications-for-trusts-and-estates/
Article written by Marc Brinklow, Trust Manager The Chancellor has brought in a number of changes for trusts and estates with the aim of simplifying the reporting and taxing of…
https://hwfisher.co.uk/spotlight-nick-ferrari/
…lots of attention, and in some ways took my career to the next level. Lionel Richie was extremely charming and knew how to give you the perfect ‘line’ for your…
https://hwfisher.co.uk/insolvencies-on-the-rise/
…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…
https://hwfisher.co.uk/home-is-where-the-money-is-five-tax-considerations-to-be-aware-of/
With the cost-of-living crisis hitting home for everyone, more people are looking for new ways to generate income. From taking in lodgers to renting parking spaces, families and individuals can…
https://hwfisher.co.uk/crypto-all-is-not-lost/
…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…
https://hwfisher.co.uk/todays-budget-a-short-term-recovery-plan-but-more-detail-to-come/
…most plant and machinery, or 50% for items that would only have qualified for the 6% rate. “For example, an item that costs £100 will have an effective cost to…
https://hwfisher.co.uk/building-your-own-grand-design-vat-implications-you-must-be-aware-of/
…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…
https://hwfisher.co.uk/spring-statement-5-things-the-chancellor-should-prioritise/
…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…
https://hwfisher.co.uk/manage-your-hmrc-queries-effectively-using-our-tax-investigation-service/
…Government’s finances and the economy will emerge over the course of the next few years. Businesses have received grants, funding and loans and this is set to continue through this…
https://hwfisher.co.uk/where-there-is-a-challenge-there-is-opportunity-reflections-on-2020/
…highlighted new and different ways of doing things, and we should all continue to embrace innovation and create an agile business culture so that we can all react and adapt…
https://hwfisher.co.uk/turning-challenges-into-opportunity-voces8-foundation/
…model (giving as much money back to artists and arts organisations as possible), new digital format/experience and it’s fostering of a wider worldwide arts community through the pandemic has received…
https://hwfisher.co.uk/opportunities-and-challenges-in-2022/
…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…
https://hwfisher.co.uk/hw-fisher-announces-latest-round-of-promotions-as-part-of-continued-growth/
…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…
https://hwfisher.co.uk/celebrating-the-uks-first-social-mobility-awareness-day/
…support, as trainees work alongside experienced partners, all whilst earning a competitive salary and studying for the AAT qualification. Once qualified, we continue to provide regular training in management skills…
https://hwfisher.co.uk/international-womens-day-striving-to-continue-to-grow-and-be-better/
…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…
https://hwfisher.co.uk/our-90-year-anniversary-celebrating-our-past-present-and-future/
…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…
https://hwfisher.co.uk/2023-at-hw-fisher-celebrating-milestones-and-embracing-change/
2023 was a landmark year for HW Fisher, celebrating 90 years in business and five years post-management buyout. This year, we honoured our history and embraced our future. With the…
https://hwfisher.co.uk/three-steps-to-start-your-sustainability-journey/
…better position to set objectives that are both realistic and measurable, and an action plan to get you there. Prepare for sustainability reporting While it’s positive to see the introduction…
https://hwfisher.co.uk/new-year-new-finances-3-reminders-for-authors-going-into-2021/
…charges for photocopying, digital reproduction, cable retransmission and educational recording. Details are available on www.alcs.co.uk/what-we-do Anyone who has ever written anything and had it published or broadcast can join. Pension…
https://hwfisher.co.uk/specialist-webinar-on-tax-issues-affecting-the-not-for-profit-sector/
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…
https://hwfisher.co.uk/spring-statement-2018/
…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…
https://hwfisher.co.uk/moving-to-the-uk-5-key-tax-and-visa-considerations/
…by Alexei Zuyev, an immigration specialist at DMH Stallard, and Adam Bonell, Tax Partner at HW Fisher, we outline 5 key visa options and immigration routes. For a more detailed…
https://hwfisher.co.uk/hmrc-reveals-inheritance-tax-receipts-are-on-the-rise/
…for Inheritance Tax receipts, helped by the nil rate band being frozen at £325,000 per person until 2028. The nil rate band can be used against both lifetime transfers and…
https://hwfisher.co.uk/understanding-tax-on-cryptoassets/
…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…
https://hwfisher.co.uk/covid-19-advice-for-authors/
…through HMRC’s Time to Pay service. For concerns about upcoming tax payments, there is a dedicated helpline and Time To Pay service in place: https://www.gov.uk/difficulties-paying-hmrc There may be additional avenues…
https://hwfisher.co.uk/thinking-about-selling-your-business/
…need some form of sale agreement. Your lawyers and accountants will assist with the drafting of this agreement and make sure you understand the content of the final agreement and…
https://hwfisher.co.uk/untangling-royalties-in-the-gaming-industry/
Licensing and royalties in the gaming industry are complex, particularly with the accelerating trend towards digital gameplay and the rise of new platforms for distributing games to players. Our Forensics…
https://hwfisher.co.uk/virtual-charity-trustees-meeting-write-up/
…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…
https://hwfisher.co.uk/autumn-budget-2021-summary/
…for museums and galleries that was due to end in March next year will be extended by two years to March 2024 This is a tax relief for culture worth…
https://hwfisher.co.uk/new-benefits-kind-rules-hit-generous-businesses-hardest/
…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…
https://hwfisher.co.uk/the-spring-statement-our-wishlist/
…basic rate band, personal allowance, or personal savings allowance. More people are starting to understand fiscal drag and the impact it is having. For example, the number of taxpayers paying…
https://hwfisher.co.uk/can-licence-agreements-in-the-gaming-industry-hold-water/
…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…
https://hwfisher.co.uk/side-hustles-when-do-you-need-to-report-them/
…the frequency and similarity of repeated transactions, and the nature of the asset. For example, if you are selling your children’s old toys or clothes on eBay, that is unlikely…
…working and have day jobs, it is a huge ask to take out time, and possibly come to a physical meeting, having read through the whole pack. If you haven’t…
…return and related documents. Remember your starting rate for savings, personal savings allowance and dividend allowance. You could receive up to £5,000 in interest on savings tax-free in addition to…
https://hwfisher.co.uk/hw-fisher-advises-the-fattal-group-on-entry-into-central-london-hotel-market/
…rooms in over 100 destinations. It already operates Manchester’s Midland Hotel, which it acquired in 2018 and recently acquired the Jurys Inn (UK + Ireland) and Apollo Hotels (The Netherlands)…
https://hwfisher.co.uk/hw-fisher-expands-services-for-smes-by-partnering-with-funding-xchange/
…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…
https://hwfisher.co.uk/buying-a-property-make-sure-you-pay-the-correct-stamp-duty-land-tax/
…band” (NRB) from £125,000 to £250,000. An increase in the NRB for first-time buyers, from £300,000 to £425,000 An increase in the maximum purchase price for first-time buyers to be…
https://hwfisher.co.uk/webinar-tax-issues-impacting-the-not-for-profit-sector/
…consideration and recommendations as to what Not for Profit organisations should be thinking about. The speakers were: Carol Rudge – Partner and Head of Not for Profit and Chair Gerry…
https://hwfisher.co.uk/property-investing-and-securing-your-financial-future/
…share their knowledge and insights, beneficial for both new investors approaching the UK property market, and seasoned investors seeking to expand their portfolio in the most tax-efficient way. The speakers…