Menzies

JANUARY 29, 2024

Menzies LLP - A leading chartered accountancy firm. Cashflow is critical The main purpose of a business is generally the pursuit of profit, with business owners focusing on levels of turnover and profit and how these can be maximised. As sales dip after the festive season, maintaining cash flow becomes crucial.

Hospitality 59

Hospitality chartered accountant accounting and finance payroll tax 59

Menzies

NOVEMBER 24, 2023

Menzies LLP - A leading chartered accountancy firm. The Chancellor, Jeremy Hunt, has delivered his Autumn Statement to Parliament earlier, which includes 110 measures for growth across the board.

Manufacturing 59

Manufacturing chartered accountant Construction accounting and finance 59

Menzies

JANUARY 7, 2024

Menzies LLP - A leading chartered accountancy firm. There are two main aims of the UK AIFMD: prevent market instability and build-up of systemic risk in the financial system. We provide audit, accounts preparation and corporate finance services to help our clients with compliance and operational efficiencies.

audit 59

audit accounting and finance financial statements Real Estate 59

Menzies

NOVEMBER 24, 2023

Menzies LLP - A leading chartered accountancy firm. Here’s our summary of the main points: What does this mean for the Construction sector ? The autumn statement has been a mixed bag for the property and construction sector. Some landlords are paying tax even though they are not profitable.

Construction 59

Construction chartered accountant accounting and finance Tax 59

Menzies

JANUARY 12, 2024

Menzies LLP - A leading chartered accountancy firm. Financing Arrangements : Obtaining short-term finance to acquire an asset knowing it is to be sold shortly is indicative of a trading transaction. An investor is more likely to hold an asset for a longer period of time.

chartered accountant 59

chartered accountant accounting and finance Finance Maine 59

Menzies

JANUARY 18, 2024

Menzies LLP - A leading chartered accountancy firm. When it comes to accounting year ends, most UK companies tend to fall into one of three categories. Whilst an annual set of accounts will show 12 months of trade, a balance sheet is a snapshot at a point in time. What time of year do I make the most profit?

Retail 59

Retail corporation tax chartered accountant accounting and finance 59

Menzies

FEBRUARY 13, 2023

Menzies LLP - A leading chartered accountancy firm. Instead of employing specialists to prepare their accounts and make sure all their documentation is in order, some businesses are attempting to do it themselves. If finance teams are unaware of the latest standards there is a risk of IFRS compliance issues arising.

audit 10

audit chartered accountant accounting standards Construction 10

Menzies

AUGUST 17, 2022

Menzies LLP - A leading chartered accountancy firm. The move to this business structure was mainly due to changes to tax that restricted the total tax relief that individual landlords could claim on the financing costs of their residential properties. Is now the best time to incorporate? Tax restrictions.

Real Estate 52

Real Estate chartered accountant accounting and finance income tax 52

Menzies

OCTOBER 6, 2023

Menzies LLP - A leading chartered accountancy firm. Planning Opportunities Financing Acquisition of Plant and Machinery In order to alleviate cash flow issues or insufficient cash reserves, many businesses opt to acquire plant and machinery through financing arrangements.

corporation tax 59

corporation tax accounting and finance Tax Finance 59

Menzies

DECEMBER 15, 2023

Menzies LLP - A leading chartered accountancy firm. Attitude and cashflow can be the main ones but resistance will come. ESG at a glance ESG – a term heard almost everywhere nowadays, but what is it? ESG stands for Environmental, Social and Governance. Environmental being a businesses impact on nature and the planet.

chartered accountant 59

chartered accountant Start-ups accounting and finance Government 59

Menzies

MAY 10, 2022

Menzies LLP - A leading chartered accountancy firm. Many of us will have received our first payslip of the new tax year and seen a reduction in our take-home pay, and many finance directors will have seen an increase in their employment costs. Yep, we are talking salary sacrifice (or salary exchange, to use the modern parlance).

chartered accountant 40

chartered accountant income tax accounting and finance Maine 40

Menzies

MARCH 6, 2023

Menzies LLP - A leading chartered accountancy firm. Skilled workforce One of the main factors that make the UK an attractive location for manufacturing is its skilled workforce. The United Kingdom has long been a hub for manufacturing, with a rich history of industry and innovation.

Manufacturing 40

Manufacturing chartered accountant Transportation Government 40

Menzies

OCTOBER 24, 2023

Menzies LLP - A leading chartered accountancy firm. In broad terms, the four main conditions that must be met are that: The transferring company must be a trading entity or the parent company of a trading group.

chartered accountant 59

chartered accountant Legal Tax income tax 59

Menzies

DECEMBER 5, 2022

Menzies LLP - A leading chartered accountancy firm. The Criminal Finances Act 2017. Furthermore, companies can now be held criminally liable under The Criminal Finances Act 2017 for the offence of failing to prevent the facilitations of tax evasion. Selective criminal prosecution policy.

Tax 52

Tax chartered accountant accounting and finance Finance 52

Menzies

JUNE 16, 2023

Menzies LLP - A leading chartered accountancy firm. This was the theme for the latest Brighter Thinking Roundtable , jointly hosted by Menzies Creditor Services team and the Chartered Institute of Credit Management (CICM) in London.

accounting and finance 52

accounting and finance Start-ups chartered accountant Finance 52

Menzies

JUNE 5, 2022

Menzies LLP - A leading chartered accountancy firm. HMRC have produced a Cryptoassets manual to provide ‘guidance’ on the tax treatment for individuals and businesses, whilst also outlining the current approach to the Decentralised Finance protocols: HMRC Cryptoassets Manual. Decentralised Finance (DeFi).

income tax 52

income tax Tax chartered accountant Non-Profits 52

Menzies

SEPTEMBER 30, 2024

Menzies LLP - A leading chartered accountancy firm. Intra-group financing transactions are not covered but we would expect HMRC to release further guidance on this area. Specific areas addressed include intangible assets, pricing for services and target margin models.

chartered accountant 52

chartered accountant Maine accounting and finance audit 52

Menzies

JANUARY 21, 2023

Menzies LLP - A leading chartered accountancy firm. Main benefits of EIS and SEIS Immediate income tax relief of up to 50% available on investment Future capital gains exemption on disposal of investment Potential to defer other capital gains through EIS/SEIS investment of proceeds.

Technology 52

Technology income tax tax return Tax 52

Going Concern

SEPTEMBER 9, 2024

.” Related to the above tale, Kimberly Tara, Founder & CEO of The Tara CPA Firm LLC in New Orleans, talks to the Cincinnati Business Courier about her early days in public accounting : After an abrupt switch to accounting from chemical engineering far too late into my college career, I knew I had finally found my calling.

Finance 59

Finance auditor Account accounted 59

Going Concern

FEBRUARY 2, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. But the challenges she is facing defy simplicity.

audit 122

audit Tax Texas Massachusetts 122