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2025 Sector Predictions

Menzies

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. Still, there are some bright spots.

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IR35 – where are we now?

Menzies

Menzies LLP - A leading chartered accountancy firm. The rules exist to ensure that in circumstances where a worker or contractor meets the definition of an employee, that worker pays broadly the same income tax and National Insurance contributions to that of a PAYE employee. What is IR35?

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Friday Footnotes: Work-Life Balance, Does It Work?; Big 4 Firms Slash Job Postings; She Doesn’t Even Go Here! | 2.16.24

Going Concern

In my view, the system is very close to a tipping point of massive non-compliance in a number of areas of tax law. Put simply, if taxpayers and their advisers (and even tax specialists) have a hard time understanding new legislation, it can and will lead to non-compliance. I’m a professional tax preparer.”

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Deal Alert: Menzies LLP advises on the sale of Artic Building Services Ltd

Menzies

Menzies LLP - A leading chartered accountancy firm. Artic offers similar mechanical and electrical maintenance services, primarily to the healthcare, education and commercial property markets, with deep relationships across the NHS and several leading universities. Virgin Money was advised by CMS Law (legal).

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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. 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). Once you are happy please complete the process.

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Annual Investment Allowance Limit Extension

Menzies

Menzies LLP - A leading chartered accountancy firm. Businesses can now plan their expenditure around their available cash flow and still be confident that they will receive this generous tax relief. ANNUAL INVESTMENT ALLOWANCE PERMANENTLY SET AT £1 MILLION.

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Aggregation of marginal gains – It’s all about the percentage improvements

Menzies

Menzies LLP - A leading chartered accountancy firm. The aggregation of marginal gains – aka the 1% rule The theory is that by making small increases or changes to one, two or even three key areas in a business the positive impact on a company’s profit and loss account can be substantial.

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