Menzies

NOVEMBER 9, 2023

Menzies LLP - A leading chartered accountancy firm. CIS The UK Construction Industry Scheme (CIS) has been operating for many years, and back in April, the government launched a consultation on reform to remove a number of longstanding irritations for those companies who have to make CIS returns.

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Menzies

NOVEMBER 24, 2023

Menzies LLP - A leading chartered accountancy firm. The Chancellor, Jeremy Hunt, has delivered his Autumn Statement to Parliament earlier, which includes 110 measures for growth across the board.

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Menzies

APRIL 18, 2024

Menzies LLP - A leading chartered accountancy firm. Construction is another target area due to the use of contractors. What is IR35? The off-payroll working rules, or IR35 as it’s commonly referred to, have been around for some time.

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Menzies

FEBRUARY 1, 2024

Menzies LLP - A leading chartered accountancy firm. The construction, hospitality, and retail sectors were hit the hardest, likely due to their vulnerability to the immediate effects of economic downturns. 2023 Insolvency Statistics in a nutshell The number of overall insolvencies recorded reached a 30-year high.

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Menzies

FEBRUARY 12, 2023

Menzies LLP - A leading chartered accountancy firm. The merged business will have combined revenues of around £22m and 200 staff across London, Esher, Manchester and Edinburgh, making it one of the UK’s largest independent building and project consultants, advising on projects with a total construction value of £5bn.

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Menzies

MAY 19, 2023

Menzies LLP - A leading chartered accountancy firm. How can business owners construct a more durable business structure? Every organisation requires a strong plan to ensure its success and most business owners know that staying focused is vital to be able to deliver the long-term objectives.

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Menzies

JANUARY 16, 2023

Menzies LLP - A leading chartered accountancy firm. We all want to work smarter not harder and with the growth of Cloud accounting we can have the freedom and insight to stay on top of our business and finances 24/7. The benefits of switching to cloud accounting. Anytime, anywhere, any device. Secure & private.

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Menzies

JUNE 28, 2023

Menzies LLP - A leading chartered accountancy firm. Charities are entitled to claim relief from VAT when they construct new buildings. VAT legislation says that services supplied in the course of construction of a building which will be used solely for relevant charitable purposes are zero rated for VAT.

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Menzies

AUGUST 21, 2023

Menzies LLP - A leading chartered accountancy firm. While this structure is often used in the construction industry, it is not exclusive to that sector and is also prevalent in other industries.

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PANALITIX

AUGUST 23, 2020

We covered a lot of ground in a recent interview with Panalitix client Michael Burke of Burke Raftery Chartered Accountants. Along the way, he completed a post-graduate degree in behavioral science, not a usual approach for an accountant! They would probably hire a tax accountant. Here are some excerpts. Target Clients.

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Menzies

FEBRUARY 4, 2023

Menzies LLP - A leading chartered accountancy firm. However, once these conditions are satisfied, then large percentages of the cost of a construction/refurbishment/fit-out project, or the acquisition cost of a property, could attract the tax relief. What capital allowances may be available?

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Menzies

JULY 21, 2022

Menzies LLP - A leading chartered accountancy firm. The change in policy, or its interpretation, could mean that VAT should be charged on income, may prevent recovery of VAT on costs incurred or could affect the status of any certificates signed to claim zero rating on construction services. VAT on income.

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Menzies

NOVEMBER 10, 2023

Menzies LLP - A leading chartered accountancy firm. Reasons cited include delays in obtaining planning permission and increases in construction costs of up to 30% in some areas. There are many challenges around the cost of living and the cost of doing business. However, this target is not currently being met.

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Menzies

JANUARY 7, 2024

Menzies LLP - A leading chartered accountancy firm. In order to use this facility however, you will need to have set up a government gateway account, see below if you need details of how to do this. If you do not have a gateway account you will need to create one. Once you are happy please complete the process.

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Menzies

JULY 27, 2023

Menzies LLP - A leading chartered accountancy firm. At the time of writing (July 2023), there are instant access deposit accounts offering over 4%, whilst a two-year fixed rate cash bond can offer over 6%. The economic landscape has certainly changed of late. Why invest in equities or fixed interest securities?

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Menzies

AUGUST 1, 2023

Menzies LLP - A leading chartered accountancy firm. It offers a constructive pathway for correcting tax oversights and omissions. In light of HMRC’s recent investigation into Airbnb hosts and their earnings data, holiday-let property owners must take proactive steps to ensure they comply with tax regulations.

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Menzies

OCTOBER 5, 2022

Menzies LLP - A leading chartered accountancy firm. The Annual Investment Allowance (AIA) gives businesses the opportunity to claim 100% capital allowances in the year of expenditure on qualifying capital assets. ANNUAL INVESTMENT ALLOWANCE PERMANENTLY SET AT £1 MILLION.

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Menzies

JUNE 30, 2023

Menzies LLP - A leading chartered accountancy firm. Most business owners have an accountant which they trust and rely on for advice, however sometimes that doesn’t give them the closer support they sometimes need. The ability to constructively challenge the status quo, influence Senior Leadership team.

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Going Concern

NOVEMBER 18, 2022

EY split threatens to weaken both sides of firm, say retired partners [ Financial Times ]. More than 150 retired EY partners have written to the accounting firm’s leadership objecting to the radical plan to split its consulting and audit businesses. Bam is a chartered accountant and an outstanding South African.

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Menzies

MAY 30, 2022

Menzies LLP - A leading chartered accountancy firm. During the SoLR customer accounts are transferred to another energy supplier automatically by the energy regulator Ofgem. In September 2021, the construction of a new 1,200-kilometre undersea gas pipeline was completed.

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Menzies

NOVEMBER 3, 2022

Menzies LLP - A leading chartered accountancy firm. Which accounting standard should you use? When preparing a set of financial statements in the UK there is a choice of accounting standard to apply in order to comply with UK Companies Act 2006. Property, plant and equipment.

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Menzies

DECEMBER 15, 2023

Menzies LLP - A leading chartered accountancy firm. It is critical that as well as all direct and indirect costs being taken into account, the cost of management time should also also be considered when establishing gross profit as these can alter the profit profile.

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Menzies

NOVEMBER 24, 2022

Menzies LLP - A leading chartered accountancy firm. Let’s face it, whenever we look to buy something the most important thing is price. I don’t know about you, but if I am walking through a smart shopping mall and I see an item in the window that looks fantastic but with no price on it, I don’t go in. ‘If

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Menzies

JUNE 6, 2022

Menzies LLP - A leading chartered accountancy firm. When made later this year, any Budget announcements on capital allowances will take into account the latest economic and fiscal position. Announced on 9 May 2022, the UK government is considering reforms to help with enterprise and growth.

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Menzies

FEBRUARY 2, 2023

Menzies LLP - A leading chartered accountancy firm. The review should also provide some constructive and robust questioning to ensure that the thinking and overall proposition makes sense and will stand up to subsequent scrutiny.

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Menzies

APRIL 28, 2022

Menzies LLP - A leading chartered accountancy firm. The recent Upper Tribunal (UT) decision in the case of Urenco Chemplants Limited & Anor v HMRC lends support for making capital allowances claims on functional items in the business that might on first analysis appear to be a building/structural item.

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Menzies

APRIL 11, 2023

Menzies LLP - A leading chartered accountancy firm. Usually carried out through your email and internet accessible accounting systems, fraudsters have discovered how to infiltrate systems, intercept key data and manipulate it to get you to transfer sums direct to their bank accounts.

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Menzies

MARCH 1, 2023

Menzies LLP - A leading chartered accountancy firm. A webinar discussing more about the application is below: click here to view our Brighter Thinking Accounting Services for Surveyors The post Cash Flow Management and Forecasting for Surveyors was written by Menzies Demi Fossitt and appeared first on Menzies LLP.

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Menzies

MARCH 1, 2023

Menzies LLP - A leading chartered accountancy firm. Whilst remuneration for employees is a key aspect for attracting and retaining talent within the business, there should also be a remuneration plan in place for director-shareholders and members of an LLP.

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Menzies

AUGUST 17, 2023

Menzies LLP - A leading chartered accountancy firm. How to report The gains made will need to be reported online via a government gateway account which the taxpayer or trustee will need to create. You may need to seek guidance from your accountant or tax advisor on which expenses can be deducted.

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Menzies

DECEMBER 19, 2023

Menzies LLP - A leading chartered accountancy firm. There is no doubt that the functionality of accounting packages available to the SME market have, in recent years, improved considerably and most “off the shelf” packages allow cost centres or other tracking categories to be utilised.

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Menzies

JULY 18, 2023

Menzies LLP - A leading chartered accountancy firm. Architects have a vital role in global sustainability, not only as businesses that trade and employee thousands of people, but because they design the buildings and areas we will be using in the future. ESG stands for Environmental, Social, and Governance.

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Menzies

FEBRUARY 9, 2023

Menzies LLP - A leading chartered accountancy firm. Businesses that are dependent on credit lines to function, such as the construction sector including housebuilders, could be at a significant risk of being left with bad debts if demand starts to falter.

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Menzies

JULY 25, 2023

Menzies LLP - A leading chartered accountancy firm. It does this by integrating with your accounting platform to measure your purchasing impact. Digital Transformation and ESG are two hot topics amongst developing businesses right now. In this blog we’re going to explore why that is, and why you should know about them.

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Menzies

DECEMBER 6, 2023

Menzies LLP - A leading chartered accountancy firm. Importance of an Audit A lot of business owners think audits are much of a muchness, however their quality can vary significantly.

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Menzies

MARCH 1, 2023

Menzies LLP - A leading chartered accountancy firm. There are some similarities between limited companies and limited liability partnerships, such as the entity being its own legal personality and having limits to liability.

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Menzies

FEBRUARY 19, 2023

Menzies LLP - A leading chartered accountancy firm. Succession is widely regarded as the most significant issue facing law firms at present.

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