…quoted multinational companies (including US Fortune 500 and UK FTSE 100). Jason joins the firm at a pivotal time, following an MBO in 2018 and a complete rebrand last year,…

…that our current graduates see all four of them as role models and an example of what can be achieved at HW Fisher.”   Media contacts: Kirsty Howe/Hannah Polson HWFisher@cognitomedia.com…

Storskogen, a Swedish privately owned company, has made its first acquisition in the UK, acquiring SGS Engineering – the leading e-commerce retailer of power tools and related products in the…

Does it make sense to use a Holding Company? Many companies choose to establish holding companies, or “special purpose vehicles”, in jurisdictions, such as Hong Kong or Singapore, to hold…

The establishment process varies based on one’s chosen investment structure and planned business scope. For example, setting up a manufacturing FIE requires an environmental evaluation to be completed, setting up…

…mistake of showing income after deduction of agent’s commission and VAT. Gross income, before deductions, should always be shown, and a separate claim made for the commission and VAT costs….

Simon Mott-Cowan, audit partner here at HW Fisher comments in the BBC Business news. Read the full article here: https://www.bbc.co.uk/news/business-47074971…

…be best to lodge a claim. Looking on https://www.gov.uk?​ may help. Authors who operate through limited companies cannot claim under this scheme although they may be able to claim a…

…heard from them by mid-June it will probably be best to lodge a claim. Looking on https://www.gov.uk/ may help. Those who operate through limited companies cannot claim under this scheme…

…its liabilities, then the only option is a CVL where the company is closed down by realising all the assets and distributing the proceeds to all the company’s creditors on…

…small businesses and 10 million individuals will switch over to their own digital tax account. By May 2017, businesses will be able to register a new company and sign up…

…should be a distinction between trustees’ compliance with the basic requirements of the code, and their values and behaviours, which, the Charity Commission states are key to earning public trust….

…to demonstrate those values in the way they do business. Deloitte recently reported that 46% of companies incorporate values beyond making profit for shareholders, compared to 32% in 2018- meaning…

…urgent simplification of the tax system and to minimise changes that will add complexity to our byzantine tax code. As entrepreneurs grapple with the impacts of the Coronavirus and preparations…

…information in the coming days/weeks which we will endeavour to communicate to you. More information can be found here. On the 2nd April the chancellor announced a new loan scheme…

…no interest or penalties; Notwithstanding the above VAT Returns should still be completed and submitted as normal; Any VAT refunds will still be paid by HMRC in the usual manner;…

…However, as a matter of Company Law it is not possible for Directors to be furloughed, furloughing being one of the conditions of the CJRS. If you have questions on…

…terms will be up to 6 years. How much can a company borrow? Small businesses will be able to borrow between £2,000 and £50,000. A loan of 25% of annual…

…Health Trusts eventually got this VAT back, care homes generally make exempt supplies and cannot recover any VAT incurred. Should you have any questions, please do not hesitate to contact…

…and Pizza Express. But it is the independents that have the greater day-to-day fight for survival who sadly won’t benefit from the scheme.” If you have any questions on the…

…the normal rules. Example So, for example, a sub-contractor builds a brick wall for another contractor and charges £1,000 for that service. From 1st March 2021, the sub-contractor issues an…

Commenting on the announcements made by The Chancellor on a winter support package today, Simon Michaels, CEO of HW Fisher Business Solutions said: “It’s a serious time for British business….

…for expense claims, overtime and other accounting and payroll functions? Do you compare actual to budgeted expenditure to identify potential discrepancies? By revisiting these core questions, while reflecting on a…

…year will no longer have to complete Inheritance Tax forms when probate or confirmation is required. When will it change: These changes will come into effect from 1 January 2022….

…that 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…

…you trade through a limited company or a trust. In addition, you must have traded in both tax years: 2019 to 2020 and submitted your tax return on or before…

…you have taken reasonable care in coming to your conclusion. HMRC are very clear that failure to take reasonable care will mean that the company could be subjected to significant…

…turnover figures and compare them for you. The claims service will then advise if you can claim the higher or lower grant amount. If your turnover is down by 30%…

…declaration scheme will come to an end. For more detailed information, you can read HMRC’s published update here. In the news… RECENT VAT CASES Jupiter Asset Management Group Ltd v….

…as a result of whistle-blower reports. The cases being reviewed by HMRC will cover many different scenarios and one such example could be an employer placing employees on full or…

…most important one is good communication skills – you are dealing with clients and working closely with supervisors and managers so tailoring your communication is very important. Do you have…

…the value of your clients B2C sales justifies the compliance costs.   If you would like to discuss specific circumstances or if you have any questions, please get in touch….

…changes will come into effect: The scheme will only be open to small and medium-sized enterprises The maximum amount of finance available will be £2M per business The guarantee coverage…

…the list who you feel should possibly know better. For example, a payroll solutions company in Oldbury were charged a deliberate penalty of £43,000 and an accounting services company from…

…Government gross debt was £2,224.5 billion at the end of financial year ending March 2021, equivalent to 106.0% of gross domestic product (GDP). By comparison, this is 13.1 percentage points…

…being when an invoice complying with the VAT Directive is received. For any questions, or to discuss your specific circumstances, please get in touch with Mike Block or Gerry Myton….

…You will also need to get permission from the freeholder or managing agent, even if you own part of the freehold via a company. In addition to the above requirements,…

…the information to comply fully as of 1 April 2022? In your business, which team will have responsibility for compliance? What due diligence processes will be put in place to…

…partnerships that add value for both parties. This is an example from the social enterprise sector: The Diversity Trust, a community interest company influencing social change to create a fairer…

Unions 21 is a forum for unions to come together to explore our shared challenges and to look at practical projects and ideas to build tomorrow’s unions. Front and centre…

…forward. Essentially ESG is now one of those unstoppable trains. Regulatory burden of compliance There is certainly a burden of compliance and one consideration is whether some providers are over…

…member-centered, partnership problem-solving since our creation just over 100 years ago. Here, I explain how we’re taking this approach to the NHS community, setting out a model for community-based co-operation…

Understanding group relief can be helpful in optimising your company’s tax position. The long-standing Corporation Tax relief allows companies within the same group to surrender losses to another company in…

…value of the supply. The issues in the case were (1) whether Bolt provided services of a kind commonly provided by tour operators or travel agents and (2) whether Bolt…

…come down to 17 per cent by 2020 – which would give the UK the lowest corporation tax rate in the G20. One area that has frequently irked other European…

…about clearing your desk on your 60th or 65th birthday and facing a work-free future. How retirement age became the norm The UK state pension system originally consisted only of…

…fit. However it’s worth remembering that the UK wouldn’t have a completely free hand. As a member of the World Trade Organisation, Britain would still have to comply with WTO…

…normal course of business. Today, more and more businesses are demonstrating that they have anti-bribery policies and procedures in place, especially when tendering for contracts. These polices commonly include information…

…and Commerce (RSA) has published a new report based on their ideas, advocating the introduction of a basic universal income, calling the approach the best alternative to help people improve…

…short term. All major trade deals are likely to come under scrutiny. The North American Free Trade deal with Canada and Mexico has long been in his sights for renegotiation…

…a comprehensive overhaul for UK taxpayers? HMRC sees this as a shift towards ‘real-time reporting’ and has even hailed the changes as “the end of the tax return”. What is…

…short cuts when it comes to calculating VAT. Some financial firms can have quite complex returns; there are several forms of VAT, including standard, exempt, and out of scope services….

…another 20,000 online exporters and add £2bn to the UK economy over the next four years. The site offers several ways of accessing new markets, from a free service to…

…there are many ways of gently introducing younger children to the world of finance. Research by Cambridge University for the Money Advice Service, shows that financial habits are formed by…

…purchased. It’s not compulsory to claim 100% of the purchase price in the year of purchase. In some cases, authors might prefer to claim a lesser amount, either to maximise…

…approach to penalties under its new Making Tax Digital regime; and promised to take action on late payments, including requiring company Audit Committees to review payment practices and report on…

…early stage company. VCT Venture Capital Trusts (VCT) are publicly listed companies that again invest in small businesses The maximum amount that can be invested in a VCT is £200,000…

…GP fit note eligible period for the scheme will commence the day after the regulations on the extension of Statutory Sick Pay to those staying at home comes into force…

…pay tax. We would caution however, that this exemption may not be as generous as it first appears. Generally, the rules on what an employee can receive tax-free from their…

…unsolicited sales to the remainder of the EEA countries are permitted, due to the principle of free trade. This means, if your territory includes any EEA country, the licensee is…

As the Furlough period comes to an end, businesses in the hospitality sector will be taking a long hard look at their future. Despite a tough outlook, it has been…

…retail, leisure and hospitality industries is of course welcome. These sectors have taken the biggest hit when it comes to the restrictions caused by the pandemic, especially coming off the…

On the 5th of January 2021, HMRC confirmed 55% of Self-Assessment customers have already filed their return. We are urging those who still haven’t completed to do so by 31…

…be no excuse post-February. Remember, it’s not just the self-employed who have to complete their self-assessment tax returns, so it is worth double checking if you’re unsure. You are required…

Forensic Partner Rafi Saville discusses the complexities of royalty accounting and why a royalty audit could unlock additional revenue. Anyone that has worked in royalties at a record label knows…

…stores.   Landlords are businesses too! Commercial landlords are the forgotten businesses of the Covid-19 crisis. The most common arrangements being negotiated are rents based on turnover until the end…

…that an individual can’t give away their family home and continue to live there rent free, and avoid or reduce their Inheritance Tax liability, but what about a bank account?…

…Scheme and also has the facility to complete import declarations on behalf of the business. XI EORI Number Where businesses are required to complete an import declaration in NI, they…

…(IOSS) From 1 July 2021, the EU has introduced new VAT e-commerce rules which require all commercial goods imported into the EU from a third country to be subject to…

…months is that some of our campaigning work comes to fruition. For example, we are lobbying for guaranteed royalties for musicians from music streaming and we have some big opportunities…

…promises made to overhaul Research and Development tax credits in the March Spring Statement, but will this fix the problem? The Chancellor must make more generous commitments to reassure businesses…

…free Transfer of a Going Concern (TOGC) rules may be of interest and there are some interesting lessons to learn. The case highlights the importance of ensuring that the conditions…

…a 30% income tax reducer for investments made in qualifying EIS companies. For example, if you invest £100 in a qualifying company, HMRC will reduce your tax bill by £30….

…as IR35 rule changes will be abolished Dividend tax cut will be reversed, as will VAT-free shopping and the planned alcohol duty freeze The planned cuts to stamp duty and…

…68 Paper form multi-use boxes, with several boxes that accept data in a free text format More information is required about each movement of goods. 91 boxes to complete, with…

…on savings tax-free. It’s important to make sure that you complete your tax return on time. If not, you’ll face a £100 fine – and this will increase if your…

…between spouses can be exempt from CGT. This means, it is possible to transfer assets between each other to make the most of your partners tax free allowance. However, the…

…is a free trade agreement between 11 countries, including Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam and now the UK. Commenting on the news,…

…tax circumstances will depend upon the way the business is constituted. The company can either establish a branch operation in the UK or set up a subsidiary company here. From…

…businesses whose stock is publicly traded, usually by assessing certain market multiples of these comparable companies. Under the multiples method, a group of comparable publicly-traded companies are selected and market…

…previous year. Most parents pay school fees out of taxed income so the cost in real terms is far higher. For example, in order to generate £15,200 to pay the…

…several immigration routes that can be utilized to come to the UK on a temporary basis, such as Youth Mobility (available for citizens of Commonwealth countries), High Potential Individual (limited…

…afford increased fees. There’s been a surge in families looking at paying for multiple years up front to avoid paying VAT if the Labour Party comes into power, but the…

…I’ll find that the work that I have completed in the morning has already been reviewed by my managers with useful comments and next steps, If I ever don’t understand…