Menzies

MARCH 22, 2023

Menzies LLP - A leading chartered accountancy firm. Depending on the circumstances this may defer the tax relief available into the next accounting period. The tax impact on making use of grants is that the value on which capital allowances are applied is reduced by the value of the grant.

Tax 52

Tax Non-Profits chartered accountant Maine 52

Menzies

JULY 29, 2024

Menzies LLP - A leading chartered accountancy firm. To help, we have prepared a summary of the various vehicles that can be used, and their main features. They do not have any special tax reliefs and will pay tax on their profits like “normal” limited companies. The CASC will also get Business Rates Relief.

Non-Profits 52

Non-Profits Sports corporation tax accrual accounting 52

Menzies

MAY 19, 2023

Menzies LLP - A leading chartered accountancy firm. The UK tax system is designed in such way as to provide the taxpayer with important safeguards. To balance HMRC’s power to raise an assessment with protecting the taxpayer, specific time limits are imposed on HMRC to raise an assessment for a loss of tax.

Tax 52

Tax chartered accountant income tax corporation tax 52

Menzies

MARCH 1, 2023

Menzies LLP - A leading chartered accountancy firm. GAINING R&D KNOWLEDGE CAN BRING REWARDS FOR YOUR PROPERTY BUSINESS Relatively few surveyors claim research and development (R&D) tax relief, despite the fact that many activities meet the scheme’s eligibility criteria. The main reason is a lack of awareness.

Tax 52

Tax corporation tax chartered accountant Maine 52

Menzies

AUGUST 21, 2024

Menzies LLP - A leading chartered accountancy firm. Skilled workforce One of the main factors that make the UK an attractive location for manufacturing is its skilled workforce. The UK offers a range of measures to support businesses, including tax incentives, investment in infrastructure, and regulatory reform.

Manufacturing 59

Manufacturing chartered accountant Transportation Government 59

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.

Manufacturing 59

Manufacturing chartered accountant Construction accounting and finance 59

Menzies

JANUARY 29, 2024

Menzies LLP - A leading chartered accountancy firm. Cashflow is critical The main purpose of a business is generally the pursuit of profit, with business owners focusing on levels of turnover and profit and how these can be maximised. As sales dip after the festive season, maintaining cash flow becomes crucial.

Hospitality 59

Hospitality chartered accountant accounting and finance payroll tax 59

Menzies

JULY 14, 2023

Menzies LLP - A leading chartered accountancy firm. HMRC receives a vast amount of information from tax authorities around the world and then uses its supercomputer, Connect, to process that information and identify who to target with a tax investigation.

chartered accountant 52

chartered accountant Tax Maine accounting firms 52

Menzies

AUGUST 12, 2022

Menzies LLP - A leading chartered accountancy firm. The measures will apply for accounting periods commencing on or after 1 April 2023. Senior Tax Manager. The UK Government has tabled draft legislation setting out new transfer pricing documentation requirements that will affect the largest UK businesses. Emma McCartney.

chartered accountant 52

chartered accountant tax return Maine audit 52

Menzies

MAY 11, 2023

Menzies LLP - A leading chartered accountancy firm. One of the main aspects you need to think about when becoming Self Employed is the tax position and ensuring that you meet the tax reporting requirements. Income tax is payable on the profit.

chartered accountant 52

chartered accountant income tax tax return Transportation 52

Menzies

JUNE 6, 2022

Menzies LLP - A leading chartered accountancy firm. The capital allowances rules set the rates and timing at which capital expenditure can be deducted to arrive at taxable profits in a tax return. Increasing main pool and special rate allowances from 18% and 6% to (for example) 20% and 8%. Senior Tax Manager.

chartered accountant 52

chartered accountant tax return Maine Government 52

Menzies

JANUARY 18, 2024

Menzies LLP - A leading chartered accountancy firm. When it comes to accounting year ends, most UK companies tend to fall into one of three categories. They choose a 31 March year end as it broadly ties up with the UK tax year. When do I need to pay my corporation tax? What time of year do I make the most profit?

Retail 59

Retail corporation tax chartered accountant accounting and finance 59

Menzies

JANUARY 5, 2024

Menzies LLP - A leading chartered accountancy firm. Taking government tax incentives and available grants into consideration at the start of your journey is a smart move, to ensure you reap the returns in the quickest possible timeframes. Grant Finder updates on a regular basis for other grants available.

chartered accountant 52

chartered accountant Non-Profits Manufacturing Government 52

Menzies

MAY 11, 2023

Menzies LLP - A leading chartered accountancy firm. One of the main aspects you need to think about when becoming a landlord is the tax position and ensuring that you meet the tax reporting requirements. The income will be taxed at your marginal rate.

income tax 52

income tax tax return chartered accountant Legal 52

Menzies

AUGUST 21, 2023

Menzies LLP - A leading chartered accountancy firm. This relief is temporary and will end on 31 March 2026 but for companies that take advantage of it will enable up to £250 of each £1,000 of capital spend to be recovered against their tax bill and so potentially significant tax savings are available.

chartered accountant 52

chartered accountant tax planning corporation tax Construction 52

Menzies

MARCH 15, 2024

Menzies LLP - A leading chartered accountancy firm. It directly aligns the objectives of the main shareholders with the employees, to grow the value of the business. There are, however, ways for high growth technology businesses to provide equity in a more tax efficient way.

Technology 59

Technology corporation tax Tax chartered accountant 59

Menzies

JUNE 29, 2023

Menzies LLP - A leading chartered accountancy firm. Investing in cryptoassets is becoming more commonplace, but only 42% of crypto owners were aware there might be tax to pay when using crypto in a survey commissioned by HMRC in 2022. What tax will I have to pay? What counts as a taxable event? Do I have a crypto trade?

income tax 52

income tax chartered accountant tax return Tax 52

Menzies

APRIL 28, 2022

Menzies LLP - A leading chartered accountancy firm. The UT concluded that these tests had been established too narrowly and that more weight should have been applied to the main function of the asset rather than just its appearance. Senior Tax Manager. Natasha Spicer – ACA. Senior Manager. View profile.

chartered accountant 52

chartered accountant Maine accounting firms Tax 52

Menzies

FEBRUARY 27, 2023

Menzies LLP - A leading chartered accountancy firm. COP9 is relevant where HMRC either suspect, or the individual chooses to voluntarily disclose, that their deliberate action or inaction has led to an insufficient amount of tax being paid. How does the digital disclosure service work? Higher financial penalties.

chartered accountant 52

chartered accountant income tax corporation tax Tax 52

Menzies

JUNE 5, 2022

Menzies LLP - A leading chartered accountancy firm. And are there tax consequences you should be aware of? In this article we will look to provide an explanation of the tax implications that may arise for those involved with Cryptoassets. Understanding one’s tax and filing obligations is paramount. Income Tax.

Tax 52

Tax income tax chartered accountant Non-Profits 52

Menzies

FEBRUARY 22, 2023

Menzies LLP - A leading chartered accountancy firm. Users need to refer to the Bulletin as well as the SORP to understand accounting practice in the areas affected. There will however be no change to the tax treatment purely as a result of these changes. But what is an “Update Bulletin”?

Maine 52

Maine chartered accountant financial statements Legal 52

Menzies

AUGUST 1, 2023

Menzies LLP - A leading chartered accountancy firm. A fundamental question for most corporate owner managers is how to most efficiently extract profits from their company, especially in light of the frequently changing rules and tax rates / thresholds.

corporation tax 52

corporation tax chartered accountant Tax Maine 52

Menzies

AUGUST 17, 2022

Menzies LLP - A leading chartered accountancy firm. Tax restrictions. The move to this business structure was mainly due to changes to tax that restricted the total tax relief that individual landlords could claim on the financing costs of their residential properties. Incorporating and Taxes.

Real Estate 52

Real Estate chartered accountant accounting and finance Tax 52

Accounting Insight

NOVEMBER 7, 2023

The NHS budget in 2023 at around £190 billion is about the same as the total income tax collected in the UK in 2021. However, the main driver is the mind. The Armadillo solution Many years ago when I ran a busy accounting practice I too was stressed and harassed. How does the NHS cope? There is a clue in the word ‘emotion’.

chartered accountant 69

chartered accountant income tax Start-ups Maine 69

Menzies

OCTOBER 24, 2023

Menzies LLP - A leading chartered accountancy firm. Doing so provides the outgoing majority shareholder(s) with an effective and efficient means to dispose of their shares, as well as a substantial tax advantage compared with other methods of disposal. This could result in unexpected income tax charges for the vendors.

chartered accountant 59

chartered accountant Tax Legal income tax 59

Menzies

OCTOBER 6, 2023

Menzies LLP - A leading chartered accountancy firm. This new allowance enables companies to claim a 100% deduction for tax purposes in the year of spend on particular capital investments. As a result, potentially seeing significant tax savings. Who Is Eligible to Claim the Allowance?

corporation tax 59

corporation tax accounting and finance Tax Finance 59

Menzies

DECEMBER 19, 2023

Menzies LLP - A leading chartered accountancy firm. One of the main reasons for this lack of detailed analysis often comes down to the purpose of SME record keeping; primarily to ensure compliance with tax and statutory obligations.

chartered accountant 52

chartered accountant Retail Maine accounting system 52

Menzies

MAY 10, 2022

Menzies LLP - A leading chartered accountancy firm. Many of us will have received our first payslip of the new tax year and seen a reduction in our take-home pay, and many finance directors will have seen an increase in their employment costs. Based on tax and NI rates for 2022-23. Based on tax and NI rates for 2022-23.

chartered accountant 52

chartered accountant income tax accounting and finance Maine 52

Menzies

JANUARY 11, 2023

Menzies LLP - A leading chartered accountancy firm. The Worldwide Disclosure Facility (WDF) opened in September 2016 and is an HMRC process which allows anyone who needs to disclose a UK tax liability that relates wholly or partly to an offshore issue to do so. assets situated or held in a territory outside the UK.

chartered accountant 40

chartered accountant Tax tax return Legal 40

Menzies

MARCH 6, 2023

Menzies LLP - A leading chartered accountancy firm. Skilled workforce One of the main factors that make the UK an attractive location for manufacturing is its skilled workforce. The government has introduced a range of measures to support businesses, including tax incentives, investment in infrastructure, and regulatory reform.

Manufacturing 40

Manufacturing chartered accountant Transportation Government 40

Menzies

JANUARY 21, 2023

Menzies LLP - A leading chartered accountancy firm. The Seed Enterprise Investment Scheme (SEIS) and Enterprise Investment Scheme (EIS) provide significant tax incentives for external investment into developing technology companies. The maximum subscription for EIS in any tax year which can qualify for relief is £1million.

Technology 52

Technology income tax tax return Tax 52

Menzies

AUGUST 1, 2022

Menzies LLP - A leading chartered accountancy firm. Below are some of the main obstacles that you may have to face during the initial stages of your e-commerce journey, as well as some guidance and tools that may help you tackle them. What are the challenges and how can you overcome them? Finding the right product.

E-commerce 52

E-commerce chartered accountant Retail Manufacturing 52

Menzies

DECEMBER 5, 2022

Menzies LLP - A leading chartered accountancy firm. Cases are progressed under HMRC’s Code of Practice 9 (COP9) procedure where HMRC either suspect, or the individual chooses to voluntarily disclose, that their deliberate action or inaction has led to an insufficient amount of tax being paid. Summary Conviction.

Tax 52

Tax chartered accountant accounting and finance Finance 52

Menzies

MARCH 21, 2023

Menzies LLP - A leading chartered accountancy firm. The popularity of ADR has increased over the recent years, with an increasing awareness amongst tax agents and HMRC case officers of both its existence and the benefits which ADR can offer. How does the process work? The mediator’s role is to be entirely independent.

chartered accountant 52

chartered accountant Tax Legal Maine 52

Menzies

JULY 18, 2023

Menzies LLP - A leading chartered accountancy firm. Therefore, the main thing is to start and not get caught out. Don’t forget, there are favourable tax allowances aimed at innovation and installing/ purchasing environmentally friendly equipment. ESG stands for Environmental, Social, and Governance.

chartered accountant 52

chartered accountant B2C Construction B2B 52

Menzies

MARCH 6, 2023

Menzies LLP - A leading chartered accountancy firm. On top of giving up control in the assets, there are a number of tax implications which must be carefully considered before simply gifting assets to children. For tax purposes, the larger the amount given away, the larger the potential tax liability.

Tax 52

Tax corporation tax chartered accountant Sales 52

Menzies

OCTOBER 27, 2023

Menzies LLP - A leading chartered accountancy firm. Stamp Duty Land Tax (SDLT) can be a significant expense for property investors and developers in England and Northern Ireland. There may be significant tax savings where dwellings are acquired together with non-residential properties.

Tax 64

Tax chartered accountant Construction Maine 64