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

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. Partners and colleagues across our tax and advisory teams have been helping clients prepare for these changes. So why is a forensic accountant commenting? First up was Labours manifesto promise of not increasing taxes on working people. Remember that?

forensic accounting

Menzies

OCTOBER 28, 2024

Menzies LLP - A leading chartered accountancy firm. An increase to capital gains tax? 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’.

income tax

Menzies

OCTOBER 30, 2024

Menzies LLP - A leading chartered accountancy firm. No increase in taxes on ‘working people’ As promised, the Chancellor did not raise ‘taxes for working people’, i.e. income tax and employee’s National Insurance. Nor has the Chancellor increased VAT. for all employees 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. The HMRC brief states that they consider these structures to be a form of tax avoidance and will take steps to prevent any further VAT group registrations and also review and disband existing arrangements. The structure generally makes use of a VAT group registration.

chartered accountant

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

JANUARY 17, 2025

Menzies LLP - A leading chartered accountancy firm. They are already in legislation and include the offences of false representation, failure to disclose information, fraudulent trading, false accounting, and tax evasion. Much has been written about Section 199 of the Economic Crime and Corporate Transparency Act.

chartered accountant

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. Spoke to an IRS agent today and he told me that a lot of his coworkers are taking the buyout deal!

Arizona

Menzies

JULY 14, 2025

Menzies LLP - A leading chartered accountancy firm. The October 2024 Budget signalled a seismic shift in the UK personal tax landscape, dismantling some of the long-standing benefits previously enjoyed by non-domiciled individuals. Eligibility Criteria – Who Can Use the TRF? by 31 January 2027 for 2025/26).

income tax

Menzies

MARCH 6, 2025

Menzies LLP - A leading chartered accountancy firm. Retailers welcome the governments focus on growth, but are grappling with rising costs. Ahead of the Spring Forecast, we outline key measures to reduce tax burdens, stimulate investment, and enhance consumer spending. in lost GDP annually.

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

DECEMBER 23, 2024

Menzies LLP - A leading chartered accountancy firm. General Market Sentiment for Deal The main Capital Gains Tax (CGT) rate change on 30 October 2024 provides an opportunity for transactions to refocus on commercial drivers rather than immediate tax implications.

Hospitality

Menzies

MARCH 6, 2025

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

chartered accountant

Menzies

MARCH 6, 2025

Menzies LLP - A leading chartered accountancy firm. We explore potential tax reversals, digital investment commitments, and the impact of policy changes on start-ups, growth, and digital transformation initiatives. The rate of tax is set to increase from 10% to 14% from April 2025 and 18% from April 2026.

Technology

Going Concern

MAY 30, 2023

Details shared among the AICPA’s governing council showed that even that figure was flattered by candidates from overseas. reportedly paid PwC US$55 million to establish a tax arrangement that shifted profits from the US to Switzerland, delivering tax savings estimated at more than US$2.4 In the 1990s and 2000s, Caterpillar Inc.

CPA

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. Bold tax decisions now could accelerate the way to a brighter economic future.

Government

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.

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

Accounting Insight

SEPTEMBER 15, 2023

Accountants remain the most trusted players in tax according to the ACCA, IFAC and CA ANZ biennial global survey The Public Trust in Tax survey which questioned 7,700 members of the public across the globe shows that accountants have a major role to play in addressing corruption, which negatively impact on attitudes towards tax in economies.

Tax

Menzies

DECEMBER 8, 2023

Menzies LLP - A leading chartered accountancy firm. November’s Autumn Statement earmarked £4.5bn for key manufacturing sectors, and some beneficial changes to tax reliefs and full expensing. What does the food and drink manufacturing sector need from Government policy in 2024?

Manufacturing

Menzies

JANUARY 29, 2024

Menzies LLP - A leading chartered accountancy firm. Research and Development (R&D) tax relief is a highly valuable relief to promote and reward attempts by companies to achieve advances in scientific or technological fields or appreciable improvements in associated processes. Tax saving increases by up to £2.80

Tax

Menzies

SEPTEMBER 2, 2022

Menzies LLP - A leading chartered accountancy firm. The government has extended the availability of 100% first year allowances on the acquisition of cars, zero-emissions goods vehicles and equipment. For more information on how you can make the most of tax relief on energy efficient vehicles, contact Donna Kenyon.

Tax

Going Concern

APRIL 28, 2023

News The leak that puts a multibillion-dollar industry at risk [ Sydney Morning Herald ] A foolish attempt to help multinational companies avoid paying tax in Australia has spectacularly backfired on the multibillion-dollar professional services industry, infuriating Canberra and potentially costing these high-profile firms billions in fees.

New Jersey

Menzies

NOVEMBER 27, 2023

Menzies LLP - A leading chartered accountancy firm. The guidelines governing capital allowances underwent a revision this April, following the termination of the super-deduction scheme. This is crucial for maximising your tax savings, contingent upon each company’s unique circumstances.

Technology

Menzies

JUNE 8, 2023

Menzies LLP - A leading chartered accountancy firm. When the UK Government introduced PPT in April 2022, the aim was to encourage the use of recycled plastic within packaging. The UK government has also said it will consult later this year on reforming the PPT to encourage investment in chemical recycling.

Tax

Menzies

SEPTEMBER 19, 2024

Menzies LLP - A leading chartered accountancy firm. As the Autumn Budget nears, Menzies’ Manufacturing sector team have compiled a Wishlist for the sector, covering key areas such as a government tax roadmap, full expensing, innovation, and education investment for the sector.

Manufacturing

Menzies

JANUARY 7, 2024

Menzies LLP - A leading chartered accountancy firm. If you find in this time of uncertainty that you are unable to pay your self assessment income tax liability, there is help at hand. How you contact HMRC will depend on how much tax you have to pay (see below). You will then be brought to the page shown (left).

income tax

Going Concern

JULY 29, 2024

All this time we thought it was going to be robots that take accounting jobs, it was Indians all along. Oh and reminder: the Institute of Chartered Accountants of India (ICAI) is working on a plan to consolidate India’s 96,000 little accountancy firms into mega-firms that they think could compete with Big 4 on the global stage.

CPA

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

FEBRUARY 9, 2024

Big 4 Big Four Lobby Congress on Accounting Pipeline, AI, Crypto [ Bloomberg Tax ] PwC spent the most at $3.27 The Big Four firms targeted a portion of their millions in Capitol Hill spending last year on a pivotal problem facing the industry: shoring up a dwindling supply of qualified accountants. Tax Betting on the Super Bowl?

Technology

Menzies

MAY 17, 2022

Menzies LLP - A leading chartered accountancy firm. Historical tax incentives also made the market a lucrative option but the tax rules have changed and not for the better. Historical tax incentives also made the market a lucrative option but the tax rules have changed and not for the better.

Tax

Menzies

SEPTEMBER 23, 2024

Menzies LLP - A leading chartered accountancy firm. The Labour Government has already warned that its first fiscal budget will be painful. With an estimated £22 billion black hole to fill its likely that taxes will increase, and public spending will be cut. new homes target in this Parliament.

Construction

Menzies

JANUARY 25, 2023

Menzies LLP - A leading chartered accountancy firm. G20 and 136 OECD Members have agreed to reform global tax by establishing a 15% global minimum tax rate. The effective tax rate is calculated by a series of calculations for each of the relevant entities and permanent establishments.

Tax

PANALITIX

JUNE 21, 2020

Building a successful accounting and advisory business doesn’t happen overnight. Mike Mekhitarian, founder of ATB Chartered Accountants and Business Mentors (ATB), shared some highlights of his action-packed journey in an interview with Panalitix founder Colin Dunn. Some Final Thoughts… and Advice for Accountants.

chartered accountant