Menzies

SEPTEMBER 19, 2024

Menzies LLP - A leading chartered accountancy firm. A “painful” autumn budget The Prime Minister has already warned that the autumn budget held on 30 October 2024 will be ‘painful’ and that ‘big asks’ will be made of the public.

Technology 52

Technology income tax chartered accountant Tax 52

Menzies

JULY 26, 2023

Menzies LLP - A leading chartered accountancy firm. April 2024 will see tax changes affecting cryptoasset reporting to HMRC come into effect. The changes will specifically focus on creating a dedicated section within HRMC’s self-assessment tax return form for cryptoasset capital gains tax (CGT).

tax return 52

tax return chartered accountant income tax Tax 52

Menzies

JULY 9, 2024

Menzies LLP - A leading chartered accountancy firm. Employment taxes and skills Labour have pledged not to increase taxes on workers, which means there are no expected changes to income tax or national insurance for employers to take into consideration.

Manufacturing 52

Manufacturing corporation tax chartered accountant Government 52

Menzies

AUGUST 21, 2024

Menzies LLP - A leading chartered accountancy firm. Further information has now been made available in respect of the abolition of the Furnished Holiday Lettings (FHL) tax regime that will take effect from April 2025. Capital gains tax reliefs – access to reliefs from taxes on chargeable gains.

Tax 52

Tax income tax chartered accountant accounting and finance 52

Going Concern

FEBRUARY 23, 2024

Sadly, I had to argue with them over their own language in black and white on how… — Eric Pierre, CPA (@yourfavecpa) February 22, 2024 Deloitte’s Adam Powick wrestles with the complaints of former staff and directors about the pressure to perform in a gruelling corporate culture. in last 12 months.

CPA 105

CPA Illinois auditor Iowa 105

Going Concern

FEBRUARY 16, 2024

Belgian accounting sector is overworked and turning away new clients [ The Brussels Times ] A significant portion of accounting firms across Belgium are contemplating downsizing as their workload continues to surge, raising alarms within the sector about potential implications for small businesses and startups, L’Echo reports.

Real Estate 105

Real Estate Iowa audit public accounting 105

Menzies

OCTOBER 4, 2022

Menzies LLP - A leading chartered accountancy firm. The basis period reform will not affect businesses with accounting year ends to 5 April or 31 March. From 2024/25 profits will be taxed on a tax year basis. The profit from the end of the accounting period to 5 April 2024 is the transitional profit.

income tax 52

income tax Tax chartered accountant tax return 52

Menzies

FEBRUARY 16, 2023

Menzies LLP - A leading chartered accountancy firm. With significant announcements usually reserved for the autumn budget, we are not expecting huge tax increases in the spring budget but nor are we expecting any tax cuts either.

Technology 52

Technology chartered accountant income tax Government 52

Menzies

JULY 26, 2022

Menzies LLP - A leading chartered accountancy firm. Thinking of going freelance when you graduate, or started your own side business already, but don’t know what to do about tax? You may also need to pay additional ‘payments on account’ due by 31 st January and 31 st July annually. Making Tax Digital (MTD).

Tax 52

Tax Georgia income tax tax return 52

Menzies

OCTOBER 27, 2023

Menzies LLP - A leading chartered accountancy firm. Capital gains tax (CGT) has traditionally been a tax that most people could ignore. However, as has happened with higher rate tax, the reach of CGT has been growing and will extend further over the next few years. What can you do? Don’t sell!

Tax 45

Tax income tax chartered accountant accounting firms 45

Menzies

OCTOBER 27, 2023

Menzies LLP - A leading chartered accountancy firm. If you earn Esports income from activities such as streaming, sponsorship, or tournament winnings, did you know you may need to declare this to HMRC and you may have tax to pay? What happens if I’ve been earning Esports income for a few years and didn’t tell HMRC?

Sports 59

Sports Tax tax return chartered accountant 59

Menzies

NOVEMBER 30, 2022

Menzies LLP - A leading chartered accountancy firm. From April next year, the dividend allowance will be cut from £2,000 to £1,000 and from April 2024 it will halve again to £500. From April the annual exemption amount for capital gains tax will fall from £12,300 to £6,000 2023, before dropping again to £3,000 from April 2024.

chartered accountant 52

chartered accountant Non-Profits Tax income tax 52

Menzies

JUNE 6, 2023

Menzies LLP - A leading chartered accountancy firm. It is expected that from 6 April 2024 a new points-based penalty system will be introduced to replace the existing penalty regime for late returns. The offshore category uplifts referred to earlier can also apply.

Tax 52

Tax income tax chartered accountant accounting and finance 52

Menzies

JULY 27, 2023

Menzies LLP - A leading chartered accountancy firm. When pension contributions in a year exceed the individual’s AA, the excess is taxed at the individual’s marginal rate of income tax. The available AA is also tapered by £1 for each £2 when income exceeds a defined limit.

chartered accountant 52

chartered accountant income tax Tax Hospitality 52

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 59

income tax chartered accountant Tax Government 59

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. For those in the business of accounts software there should be a boom when MTD for ITSA eventually takes off.

Technology 52

Technology chartered accountant income tax Government 52

Going Concern

JUNE 14, 2024

Accounting Firm Leaders Discuss Challenges/Benefits of a Remote Workforce [ Thomson Reuters ] Employers and payroll professionals face a complex web of challenges while managing remote and hybrid work arrangements, particularly concerning state income tax withholding and compliance with varying state labor laws.

Michigan 105

Michigan auditor accounting firms New York 105

Going Concern

FEBRUARY 3, 2025

Louis held a casual accounting mixer (“Some of my students have said its like speed dating”), 2024 graduate and Anders associate had this piece of advice for students: Callaway did so many internships in part because he wanted to get a better idea of the career path he wanted to pursue. ” University of St.

accountant 52

accountant accounted Account institute of chartered accountants 52

Menzies

OCTOBER 30, 2024

Menzies LLP - A leading chartered accountancy firm. The 2024 Autumn Budget introduces rising costs for tech employers through increased National Insurance and wage requirements, while offering targeted relief for smaller tech businesses and investing in digital infrastructure to support sector growth.

Technology 59

Technology chartered accountant income tax Tax 59

Menzies

APRIL 8, 2025

Menzies LLP - A leading chartered accountancy firm. Since the October 2024 budget, Inheritance Tax (IHT) has been a growing topic of conversation. Provided that the withdrawals remain within the 5% annual allowance of the original investment, there is generally no Income Tax or Capital Gains Tax (CGT) to pay.

income tax 52

income tax chartered accountant Tax accounting firms 52

Menzies

JANUARY 27, 2025

Menzies LLP - A leading chartered accountancy firm. Enterprise Management Incentives (EMIs) are a powerful tool for small trading companies and groups which can be used to attract, motivate and retain top talent by giving the opportunity to have skin in the game in a UK tax efficient manner. What is an EMI ?

chartered accountant 52

chartered accountant income tax corporation tax Tax 52

Menzies

FEBRUARY 20, 2025

Menzies LLP - A leading chartered accountancy firm. In amongst the raft of announcements made at the budget in October 2024, a number of changes were proposed to the EOT tax regime, which followed a consultation launched by the previous government in July 2023. Could an EOT be right for my business?

Tax 52

Tax chartered accountant Government income tax 52

Going Concern

JANUARY 5, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. And take our 2024 Predictions for the Accounting Profession survey ! Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.

tax return 111

tax return accounting and finance Virginia audit 111