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Insolvencies reach 30-year high in 2023

Menzies

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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B2B Payment Terms In Flux Amid Market Volatility

PYMNTS

While the move was welcomed, Construction Products Association Economics Director Noble Francis told the publication that it is unclear how the government would enforce this, and raised concerns that the construction sector is particularly vulnerable to the consequences of late payments. 120-day payment terms are in effect for U.K.

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Commercial property – Don’t miss the capital allowances opportunity

Menzies

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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Cloud & Accounting – the perfect match

Menzies

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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Is your profit data misleading you? Part 1 – valuable insight

Menzies

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. Net Profit 20,000 ? ?

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What If you can’t pay your self assessment income tax bill on time

Menzies

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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Price is not the only criteria

Menzies

Menzies LLP - A leading chartered accountancy firm. Extra ‘add-ons’ can include: 24/7 online and telephone GP services counselling services and mental health toolkits financial and legal guidance health & diet guidance and fitness programmes physiotherapy and second medical opinions gym and retail discounts. Life cover.