Accounting Insight

MARCH 3, 2025

Payroll and tax expert Beth Jackson is not only one half of 2 Sisters Accounting, but a new business specialist, who has worked with hundreds of small businesses. From there I worked in small accounting practices and learnt everything on the job. What motivated you to start 2 Sisters Accounting? Completely by accident!

chartered accountant

Menzies

FEBRUARY 17, 2025

Menzies LLP - A leading chartered accountancy firm. In this case, it is important to take into account your tax position as a whole. What is the trading allowance? The trading allowance is a tax-free allowance of up to 1,000 per year for any trading or casual income sources.

chartered accountant

Menzies

OCTOBER 30, 2024

Menzies LLP - A leading chartered accountancy firm. A key theme of today’s budget was “Invest, Invest, Invest!” with the intention of driving economic growth. The chancellor has pledged over £100 billion of additional capital investment over the next five years which will be welcomed by this capital intensive sector.

Manufacturing

Menzies

DECEMBER 19, 2024

Menzies LLP - A leading chartered accountancy firm. Depending on the circumstances this may defer the tax relief available into the next accounting period.

Tax

CPA Practice

JUNE 18, 2025

Rohini has a Masters of Finance from the London School of Economics, and a Chartered Accountant certification from the Institute of Chartered Accountants of India. Randall is the national practice leader for the firm’s International Tax Service line and has more than 25 years of experience in public accounting.

Technology

Menzies

JANUARY 15, 2025

Menzies LLP - A leading chartered accountancy firm. Retention of Title (ROT) iswhere the seller of physical goods attempts to protect itself against non-payment by retaining ownership of those goods until payment is received, even after the goods have been delivered.

Legal

Menzies

JANUARY 15, 2025

Menzies LLP - A leading chartered accountancy firm.

Agriculture

Accounting Insight

DECEMBER 11, 2024

Today AccountsIQ , a leading provider of fully cloud-based accounting software, has announced new additions to its senior leadership team. A chartered accountant, he previously worked in PwCs Assurance department, followed by its Finance Managed Services team.

accounting and finance

Menzies

OCTOBER 30, 2024

Menzies LLP - A leading chartered accountancy firm. If you already have a government gateway account, you will use the same account, alternatively you can ask your advisers to prepare and submit the application for you. That guide is a useful start point for anyone needing to account for VAT for the first time.

Education

Menzies

OCTOBER 31, 2024

Menzies LLP - A leading chartered accountancy firm. The recent Budget has painted a mixed picture for the Transport and Logistics sector. Our Transport & Logistics Team have summarised the key changes that will impact the T&L Sector. On the positive side, the freeze in fuel duty is a relief for road haulage businesses.

Transportation

Menzies

NOVEMBER 7, 2024

Menzies LLP - A leading chartered accountancy firm. Regulatory changes driving the need for ESG Assurance The regulatory landscape is evolving, with governments and regulatory bodies worldwide pushing for greater transparency and accountability in ESG reporting.

corporate accounting

Menzies

MAY 1, 2025

Menzies LLP - A leading chartered accountancy firm. Therefore, a qualified accountant serving as a director of a company, would be expected to recognise signs of insolvency at an earlier stage and as a result, may face more severe consequences. What is it and why should directors be concerned?

chartered accountant

Menzies

JANUARY 7, 2025

Menzies LLP - A leading chartered accountancy firm. With the cost of living going up and businesses feeling the pinch, it is more important than ever for tax relief to be maximised where possible. One area that can sometimes be overlooked is capital allowances which provide tax relief on capital investment.

Tax

Menzies

OCTOBER 15, 2024

Menzies LLP - A leading chartered accountancy firm.

chartered accountant

Menzies

FEBRUARY 19, 2025

Menzies LLP - A leading chartered accountancy firm.

chartered accountant

Menzies

MAY 21, 2025

Menzies LLP - A leading chartered accountancy firm.

Pharmaceutical

Menzies

FEBRUARY 17, 2025

Menzies LLP - A leading chartered accountancy firm. Professional accountants, lawyers and restructuring professionals are all really good sources of advice, with the latter being professional problem solvers and strategic solution finders.

chartered accountant

Menzies

NOVEMBER 15, 2024

Menzies LLP - A leading chartered accountancy firm. Creditors play an important role in insolvency proceedings, one of the reasons is because they hold significant influence over the process and its results.

chartered accountant

Menzies

OCTOBER 30, 2024

Menzies LLP - A leading chartered accountancy firm. HMRC Recruitment Drive The Government has confirmed that 5,000 new HMRC compliance officers will be recruited, with the first 200 of these starting in November. This is expected to cost £1.4 billion over 5 years and raise £2.7 billion by 2029/30.

Tax

Going Concern

JUNE 20, 2025

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. Technology Multiplier, founded by ex-Stripe exec, nabs $27.5M

auditor

Menzies

JULY 14, 2025

Menzies LLP - A leading chartered accountancy firm. Menzies were approached by Touchlight to support the company with a broad range of accounting and tax services. These ranged from complex accounting treatments and audit readiness to navigating capital allowance legislation and meeting enhanced R&D compliance standards.

corporation tax

Menzies

NOVEMBER 18, 2024

Menzies LLP - A leading chartered accountancy firm. One tax rise that Rachel Reeves did warn us of in advance of the budget was an increase in the employer Class 1 national insurance contributions rate. What was not expected was the significant lowering in the threshold at which this becomes payable.

chartered accountant

Menzies

FEBRUARY 17, 2025

Menzies LLP - A leading chartered accountancy firm. Would you risk it for a chocolate biscuit? We talk about risk a lot, from insignificant choices about what to eat through to decisions which can have a monumental impact on our lives and our businesses.

chartered accountant

Menzies

MARCH 3, 2025

Menzies LLP - A leading chartered accountancy firm. So why is a forensic accountant commenting? This usually comes up in Sale and Purchase disputes, where parties try to define specific accounting policies for their deal but inadvertently cause conflict or confusion with standard accounting. The list could go on.

forensic accounting

Menzies

JULY 31, 2025

Menzies LLP - A leading chartered accountancy firm. Higher interest rates are creating VAT risks Get in touch With the current high levels of interest rates, solicitors and others holding client funds on deposit are receiving significant amounts of interest.

chartered accountant

Menzies

NOVEMBER 10, 2024

Menzies LLP - A leading chartered accountancy firm. Budget impact on care homes The Budget 2024 has introduced a raft of policies and financial measures aimed at addressing economic instability and promoting growth.

chartered accountant

Menzies

OCTOBER 28, 2024

Menzies LLP - A leading chartered accountancy firm. With the Autumn Budget coming up on 30 th October, rumours are circulating regarding what might change for taxpayers, but what does that mean for crypto owners? An increase to capital gains tax?

income tax

Menzies

JULY 11, 2025

Menzies LLP - A leading chartered accountancy firm. Since Covid 19, the workplace has undergone a dramatic transformation with the success of hybrid and home working, and the workplace becoming more global than ever. This change means that many employers are now seeking new hires or secondees from international sources.

payroll

Menzies

OCTOBER 31, 2024

Menzies LLP - A leading chartered accountancy firm. The Autumn Budget 2024’s increase in Employers’ National Insurance to 15% presents a significant cost burden for law firms across all structures, potentially affecting hiring and salary strategies.

Legal

Menzies

NOVEMBER 8, 2024

Menzies LLP - A leading chartered accountancy firm. In this podcast, Menzies look at the Autumn Budget Breakdown 2024, with speakers Jonathan Bass, Partner, Business Recovery, Matt Watkins, Tax Disputes & Disclosures Director, Helen Cuthbert, Partner, Private Client and Stephen Hemmings, Partner, Business Tax.

chartered accountant

Menzies

JUNE 19, 2025

Menzies LLP - A leading chartered accountancy firm. ADR has returned to the forefront of HMRC’s attention following the FTTs release of an updated Practice Statement. In May 2025 The First Tier Tribunal (“FTT”) released a new Practice Statement regarding the use of Alternative Dispute Resolution (“ADR”) in Tax Disputes.

chartered accountant

Menzies

JANUARY 23, 2025

Menzies LLP - A leading chartered accountancy firm. HMRC launched a new one-to-many campaign on 15 January 2025 specifically targeting delivery drivers who HMRC believe have failed to deliver a tax return disclosing their income. If you have received a nudge letter from HMRC, do not ignore the letter.

tax return

Menzies

JULY 14, 2025

Menzies LLP - A leading chartered accountancy firm. The October 2024 Budget brought with it sweeping reforms to the taxation of non-UK domiciled individuals and their associated offshore trust structures.

Tax

Menzies

APRIL 16, 2025

Menzies LLP - A leading chartered accountancy firm. From the 2026/27 tax year HMRC are requiring certain individuals to maintain digital records and submit quarterly returns. Below is a summary of how MTD will operate and who will be affected. Are you required to register for MTD?

Tax

Menzies

MARCH 26, 2025

Menzies LLP - A leading chartered accountancy firm. Overview The Government has announced a series of policy and funding reforms aimed at increasing housebuilding and strengthening skills within the construction sector, in a bid to support economic growth and meet long-term infrastructure demands.

Construction

Menzies

MARCH 26, 2025

Menzies LLP - A leading chartered accountancy firm. Overview The Government has announced a series of policy and funding reforms aimed at increasing housebuilding and strengthening skills within the construction sector, in a bid to support economic growth and meet long-term infrastructure demands.

Construction

Menzies

OCTOBER 23, 2024

Menzies LLP - A leading chartered accountancy firm. Managing cash is important for any business, but what happens if customers need to extend their credit terms beyond those already agreed and what are the risks of doing so? Offering credit terms to support sales is a normal and expected part of doing business in many sectors.

chartered accountant