Menzies

APRIL 29, 2024

Menzies LLP - A leading chartered accountancy firm. Substantial change to company size thresholds The UK government has recently announced a substantial change to company size thresholds, the first revision to the thresholds since 2016, as they attempt to simplify the regulatory landscape for UK businesses.

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Menzies

JUNE 17, 2022

Menzies LLP - A leading chartered accountancy firm. Environmental, Social and Governance (ESG) strategy is becoming more important for the continued success of all companies, regardless of their size. The post Environmental, Social and Governance (ESG) strategy, why is it important for SMEs? James Hadfield. View profile.

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Menzies

APRIL 12, 2024

Menzies LLP - A leading chartered accountancy firm. INVESTING IN INNOVATION The UK is the fourth most innovative country in the world, according to the latest Global Innovation Index, and the Government’s Industrial Strategy is aiming to increase spending on R&D by 2.4%

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Menzies

APRIL 12, 2024

Menzies LLP - A leading chartered accountancy firm. Government budget constraints have further strained public sector funding, with cuts to grants and subsidies affecting many charitable organisations that rely on local and national government support.

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Menzies

MARCH 6, 2024

Menzies LLP - A leading chartered accountancy firm. The government has extended the Recovery Loan Scheme to support SMEs in accessing finance they need, renaming it as the ‘Growth Guarantee Scheme’. So the return of the previous criteria is welcome in order to encourage diverse investment in the tech sector.

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Menzies

MARCH 6, 2024

Menzies LLP - A leading chartered accountancy firm. As a sector that traditionally struggles with labour shortages, it remains to be seen whether the additional 2% NIC cut and changes around child benefit will have the positive effect that the government hopes for.

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Menzies

NOVEMBER 23, 2023

Menzies LLP - A leading chartered accountancy firm. Overview: Investment in changes to retail payments with own legislation to prevent fraud Simplification and digitalisation of ISAs Legislation of open banking Download our full Autumn Statement report 2023 How will the government commit to growing the retail payments sector?

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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. You will then be brought to the page shown (left).

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Going Concern

JUNE 17, 2022

VCs Target AI Accounting Startups as Companies Look to Control Spending in Uncertain Economy [ Wall Street Journal ] It’s finally happening! World-wide, startups making AI-powered accounting software amassed $233.3 Let the robot takeover commence! Now, that candidate may test in each of those locations.

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Menzies

MARCH 11, 2024

Menzies LLP - A leading chartered accountancy firm. The chancellor failed to address any major areas impacting the sector, which is likely to leave retailers continuing to struggle for the rest of 2024.

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Menzies

DECEMBER 12, 2023

Menzies LLP - A leading chartered accountancy firm. To assist you in this evaluation, our Selling your business whitepaper includes our Business Optimisation Checklist – a list that covers all the key questions that you need to consider focusing on areas such as your goals, customers, markets, people, governance, tax and supply chains.

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Menzies

NOVEMBER 24, 2023

Menzies LLP - A leading chartered accountancy firm. Apprenticeship growth sector pilot: The government is committing £50 million to deliver a two-year apprenticeships pilot to explore ways to stimulate training in growth sectors including manufacturing, and to address barriers to entry in high-value standards.

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Menzies

FEBRUARY 19, 2024

Menzies LLP - A leading chartered accountancy firm. Crypto-assets The government has stoked interest at many crypto firms to consider setting up or re-locating to the UK following the passing of the Economic Crime and Corporate Transparency Bill back in 2022. Open finance Open banking came into force on 13 th January 2018.

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Menzies

JANUARY 7, 2024

Menzies LLP - A leading chartered accountancy firm. Change is not necessarily easy but over time, resources (financial and team), control and governance must keep pace and remain appropriate, if the organisation is to continue to meet its purposes efficiently and effectively.

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Menzies

APRIL 23, 2024

Menzies LLP - A leading chartered accountancy firm. The Payrolling Benefits in Kind scheme was set up by the UK Government in 2016 and this refers to the practice of processing employees benefits through the payroll rather than on a P11d. What do you need to know?

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Menzies

NOVEMBER 9, 2023

Menzies LLP - A leading chartered accountancy firm. As businesses within the sector eagerly await the 2023 Autumn, which is due to be delivered by Chancellor Jeremy Hunt on November 22nd, hopes are high for government support that can enable them to not only survive but also thrive in the post-pandemic era.

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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

MARCH 6, 2024

Menzies LLP - A leading chartered accountancy firm. The Government believes that scrapping the FHL regime will “make the property tax system fairer and more efficient” and will “level the playing field between short-term and long-term lets and support people to live in their local area”.

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Menzies

MARCH 22, 2024

Menzies LLP - A leading chartered accountancy firm. It is likely that an incoming Labour government would tighten it up further, so it is a good idea to review your approach now, in readiness for the change. This is a new law that was passed in October 2023 and likely to become effective in October 2024.

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Menzies

FEBRUARY 13, 2024

Menzies LLP - A leading chartered accountancy firm. We would like to see the Government reconsider the punitive tax rules which restrict the amount of tax relief that individual landlords can claim on their interest costs. It will be interesting to see if there is a strategy to stimulate the property market.

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Menzies

FEBRUARY 12, 2024

Menzies LLP - A leading chartered accountancy firm. We would like to see a commitment from the government to combat fraud in a more targeted way, without putting a barrier between tech businesses with genuine R&D claims and their much-needed tax credits.

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Menzies

NOVEMBER 24, 2023

Menzies LLP - A leading chartered accountancy firm. Download our full Autumn Statement report 2023 Business rates support package The government is announcing a business rates support package worth £4.3 The government is committed to supporting businesses with business rates bills.

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Menzies

NOVEMBER 10, 2023

Menzies LLP - A leading chartered accountancy firm. A plan which spans several terms of government office, enabling sufficient time to implement a futuristic and sustainable infrastructure. Read Mark Perrin’s wish list for the Transport and Logistics sector, for the upcoming 2023 Autumn Budget.

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Menzies

APRIL 18, 2024

Menzies LLP - A leading chartered accountancy firm. HMRC do also collaborate with other government departments, for example they have an agreement with the Security Industry Authority to share information in order to combat tax fraud as well as other potential illegal working practices in the security industry. What is IR35?

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Menzies

NOVEMBER 30, 2023

Menzies LLP - A leading chartered accountancy firm. If you are in the manufacturing sector, there is no escaping ESG (Environmental, Social and Governance). By taking advantage of government tax incentives for qualifying projects, companies can improve cashflow and increase competitiveness at the same time.

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Menzies

NOVEMBER 9, 2023

Menzies LLP - A leading chartered accountancy firm. It may be PM Rishi Sunak’s aim for the UK to become the ‘next Silicon Valley’, but is the government doing enough to make this happen? The next Silicon Valley? The next Silicon Valley?

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Going Concern

APRIL 7, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Build ChatGPT into Excel [ Journal of Accountancy ] Note that this process currently works in Microsoft Excel 365, Microsoft Excel 365 for Mac, and Excel for the web. I can imagine it.

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Menzies

JANUARY 4, 2024

Menzies LLP - A leading chartered accountancy firm. This needs to be ramped up and extended quickly, to allow SMEs and UK government to reap the benefits sooner rather than later. In the UK, e-invoicing is still very new. It is currently mandatory for any suppliers to the NHS and encouraged for any other B2G invoicing.

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Menzies

NOVEMBER 9, 2023

Menzies LLP - A leading chartered accountancy firm. A Vision for a Sustainable Future: Overhauling UK Retail Policies We are proposing essential recommendations to the UK government in preparation for the upcoming Autumn statement.

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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.

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Menzies

FEBRUARY 15, 2024

Menzies LLP - A leading chartered accountancy firm. From the 4 th March they will be able to share information with law enforcement agencies and other government departments. Companies House new powers expected to come into effect on 4 March 2024, subject to parliamentary timetables.

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Menzies

JULY 21, 2023

Menzies LLP - A leading chartered accountancy firm. The Government will now take steps to bring the agreement into force, expected to be next year. It will mean that 99% of current exports to CPTPP member countries will be eligible for zero tariffs.

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Menzies

NOVEMBER 3, 2023

Menzies LLP - A leading chartered accountancy firm. What does this mean? The measures outlined in the act will give Companies House new and increased powers. Changes expected to come into force early 2024: Companies House powers to query information.

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Menzies

FEBRUARY 15, 2024

Menzies LLP - A leading chartered accountancy firm. Large businesses are increasingly incorporating Environmental, Social, and Governance (ESG) considerations into their procurement processes, and tender documents are a key tool for assessing potential suppliers’ ESG performance and commitment.

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Menzies

FEBRUARY 19, 2024

Menzies LLP - A leading chartered accountancy firm. The Government is aiming to produce draft simplified legislation for consultation during 2024 with the aim of improving tax certainty and achieving better alignment with Double Tax Treaties. What UK changes can we expect? What might we expect?

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Menzies

FEBRUARY 19, 2024

Menzies LLP - A leading chartered accountancy firm. The Government is aiming to produce draft simplified legislation for consultation during 2024 with the aim of improving tax certainty and achieving better alignment with Double Tax Treaties. What UK changes can we expect? What might we expect?

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Menzies

JANUARY 29, 2024

Menzies LLP - A leading chartered accountancy firm. The government has introduced changes to refocus the regime, ensuring that it is more effectively targeted towards profitable SME companies, whilst retaining a positive level of financial support for R&D intensive loss-making companies. per £100 of spending to £46.50.

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