Menzies

JANUARY 7, 2025

Menzies LLP - A leading chartered accountancy firm. The government has committed to extending to include assets purchased for leasing when fiscal conditions allow. 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.

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. billion to the economy.

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. billion to the economy.

Construction

Menzies

NOVEMBER 10, 2024

Menzies LLP - A leading chartered accountancy firm. As the government seeks to finance its ambitious social welfare programs and public sector salaries, care homes may be subjected to higher business taxes and payroll taxes.

chartered accountant

Menzies

MARCH 3, 2025

Menzies LLP - A leading chartered accountancy firm. There was much confusion and ambiguity as to precisely what the Government meant by working people. Has the Government inadvertently set off the biggest experiment in the quantification of pass-on in competition damages claims? Remember that?

forensic accounting

Menzies

OCTOBER 28, 2024

Menzies LLP - A leading chartered accountancy firm. In their manifesto Labour promised not to raise income taxes, so we can reasonably expect the Government will be targeting other taxes in order to help raise funds to cover the so-called £20bn ‘black hole’. An increase to capital gains tax? When will CGT increase?

income tax

Menzies

OCTOBER 30, 2024

Menzies LLP - A leading chartered accountancy firm. Investment in tech A number of tech related task forces and pilots have been announced, highlighting the Government’s intention to increase the use of tech, particularly across SMEs with the Digital Adoption Taskforce. percentage points in April 2025.

Technology

Menzies

JULY 24, 2025

Menzies LLP - A leading chartered accountancy firm. The Government issued a statement at the end of April, announcing that there would be some simplifications to the Capital Goods Scheme, which governs when and how much VAT can be recovered on some types of business expenditure.

Construction

Menzies

MAY 20, 2025

Menzies LLP - A leading chartered accountancy firm. HMRC have issued a Business Brief with the aim of tackling, what they view as, VAT avoidance in the care sector.

chartered accountant

Menzies

AUGUST 6, 2025

Menzies LLP - A leading chartered accountancy firm. In July 2025, HMRC published their Transformation Roadmap explaining how they plan to meet the Government’s vision to modernise the UK tax systems to free up time for businesses to focus on growth. In 2023/24, the tax gap stood at £46.8 billion which is a concern.

tax return

Menzies

NOVEMBER 18, 2024

Menzies LLP - A leading chartered accountancy firm. The insolvency process is governed by a hierarchy of claims, ensuring that secured creditors, unsecured creditors, and other stakeholders receive their entitlements in accordance with the legal framework.

Legal

Menzies

APRIL 29, 2025

Menzies LLP - A leading chartered accountancy firm. In order to protect the UK tax base and given a significant number of medium sized enterprises in the UK, the government is proposing to remove the medium-sized enterprise exemption (whilst the exemption for small enterprises will be retained).

chartered accountant

Menzies

NOVEMBER 4, 2024

Menzies LLP - A leading chartered accountancy firm. The most successful and progressive leaders of today are embracing ESG (Environmental, Social, Governance) throughout their businesses in various forms. Also, what are some specific examples of good ESG practice that can help a hospitality business move forward?

Hospitality

Menzies

MAY 1, 2025

Menzies LLP - A leading chartered accountancy firm. However, a year later when the next discussion paper on admissions, disclosures and market abuse was released, it started by confirming that: The government will no longer pursue a phased approach towards crypto legislation. Where are we now with cryptoasset regulation?

chartered accountant

Menzies

JANUARY 17, 2025

Menzies LLP - A leading chartered accountancy firm. In November last year, the Government published its long-awaited guidance on what reasonable procedures means, and much of the commentary is around what organisations need to do now to be ready for the introduction of the offence on 1 September 2025. Rightly so.

chartered accountant

Menzies

JUNE 16, 2025

Menzies LLP - A leading chartered accountancy firm. The consultation period is open until 31 July 2025, any firms in the industry that are going to be impacted by these changes should take the opportunity to comment.

auditor

Menzies

MARCH 6, 2025

Menzies LLP - A leading chartered accountancy firm. The Chancellor has committed to one major fiscal event a year in order to give families and businesses stability and certainty on upcoming tax and spending changes and, in turn, to support the governments growth mission.

Transportation

Going Concern

FEBRUARY 14, 2025

Senior executives at the IRS were told that the General Services Administration (GSA), which manages most government contracts, is demanding they review consulting contracts under their purview and determine whether they can be justified. They lead to fragile businesses, job losses and expensive government bailouts.

Arizona

Menzies

MARCH 6, 2025

Menzies LLP - A leading chartered accountancy firm. The Government should extend the increased SDLT thresholds beyond 31 March to support the housing market. The Government should review the minimum salary requirement for visas and set this at a more reasonable level, so firms can retain international graduates.

Construction

Menzies

MARCH 6, 2025

Menzies LLP - A leading chartered accountancy firm. Retailers welcome the governments focus on growth, but are grappling with rising costs. Retailers support the governments emphasis on growth, especially its call for faster planning decisions and the establishment of Skills England to enhance skills and training.

Retail

Menzies

MARCH 26, 2025

Menzies LLP - A leading chartered accountancy firm. The Labour Government have confirmed their backing for a third runway at Heathrow Airport which will be welcome to the travel and tourism industry. Overview As we expected, todays Spring Statement brought few surprises Hospitality & Leisure sector.

Hospitality

Menzies

JULY 14, 2025

Menzies LLP - A leading chartered accountancy firm. With it, the government has introduced a short-lived but potentially powerful concession – the Temporary Repatriation Facility (TRF).

income tax

Menzies

DECEMBER 23, 2024

Menzies LLP - A leading chartered accountancy firm. The sector must also contend with pressures due to the growing importance around Environmental, Social, and Governance (ESG) compliance.

Hospitality

Menzies

MARCH 6, 2025

Menzies LLP - A leading chartered accountancy firm. The financial services sector needs regulatory reform to drive innovation. Ahead of the Spring Forecast, we highlight key priorities, including crypto regulation, pension reforms, and measures to ease tax burdens on businesses.

chartered accountant

Menzies

MARCH 6, 2025

Menzies LLP - A leading chartered accountancy firm. That said, the Government has not ruled out any new announcements, so we may still see new tax rules being implemented this year. Growth The Government is committed to stimulating growth in the economy.

Technology

Menzies

JUNE 24, 2025

Menzies LLP - A leading chartered accountancy firm. However the government has indicated that employers will be able to ensure the employee is a good fit for the job by establishing statutory probationary periods or Qualify Periods during which there will be a modified light touch dismissal procedure in place.

Hospitality

Menzies

JULY 3, 2025

Menzies LLP - A leading chartered accountancy firm. The UK Government department Defra (Department for Environment, Food & Rural Affairs) has announced that new UK Extended producer responsibility (EPR) for packaging rules for all obligated UK organisations that import or supply packaging.

chartered accountant

Going Concern

MAY 30, 2023

Details shared among the AICPA’s governing council showed that even that figure was flattered by candidates from overseas. The other Big Four firms have had their share of tax scandals — some of them at least as serious as the current PwC one. That was the lowest level since the beginning of records for the modern exam in 2006.

CPA

Menzies

SEPTEMBER 12, 2024

Menzies LLP - A leading chartered accountancy firm. The update will also bolster the country’s influence in the global legal landscape, where English law governs £250 billion of mergers and acquisitions and 40% of corporate arbitrations.

Legal

Going Concern

SEPTEMBER 9, 2022

Accountants in high demand as average earnings hit almost €120,000 [ The Irish Times ] A survey by industry group Chartered Accountants Ireland in conjunction with accounting firm Barden shows that the average salary package commanded by these professionals rose by €7,000 or 6 per cent to €119,270 last year.

audit

Going Concern

MAY 3, 2024

That PwC Thing Senate caravan not moving on from PwC [ The Mandarin ] Accounting firm PwC Australia has still a lot of work to do before it can move on from the tax leaks scandal, according to two members of a Senate committee looking into government procurement. Do your top challenges align with those of your peers?

institute of chartered accountants

Menzies

JUNE 24, 2022

Menzies LLP - A leading chartered accountancy firm. Last week, the Northern Ireland Protocol Bill was introduced to parliament and the Government published a document, setting out the issues facing Northern Ireland and how the Bill will seek to resolve them.

Government

Going Concern

MARCH 1, 2024

pic.twitter.com/FQcm4AXSdg — Barbara Pocock (@BarbaraPocock) February 27, 2024 Chartered Accountants mistakenly let ex-PwC partner avoid investigation [ Financial Review ] Speaking of Peter Collins, AFR is still on the beat like a tick on a dog’s ass. Are federal IT systems supporting the targeted service outcomes?

audit

Going Concern

DECEMBER 1, 2023

Chartered* accountancy? Chartered Accountancy. Mergers and Acquisitions VonLehman CPA & Advisory Firm merges with top 100 company Dean Dorton [ Cincinnati Business Courier ] One of Greater Cincinnati’s largest accounting firms has paired up with another regional firm that’s even bigger.

cpas

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.

Government

Menzies

MARCH 14, 2023

Menzies LLP - A leading chartered accountancy firm. Following Brexit, to make Britain more attractive to innovative companies and tech entrepreneurs, the UK government has been promising fiscal changes. Decisive Action is needed To conclude, the Chancellor has recently set out his vision for Britain with an economic plan.

Government

Menzies

DECEMBER 8, 2023

Menzies LLP - A leading chartered accountancy firm. What does the food and drink manufacturing sector need from Government policy in 2024? Here, Menzies LLP’s strategic advisory experts for the sector highlight crucial areas that demand the government’s attention in 2024.

Manufacturing