Menzies

OCTOBER 30, 2024

Menzies LLP - A leading chartered accountancy firm. CGT Rates Private landlords who hold rental portfolios personally will be relieved that CGT rates on the sale of residential houses won’t be increased from the current rate of 24%.

Construction 40

Construction chartered accountant accounting and finance Sales 40

Going Concern

MAY 20, 2024

PwC is facing legal action claiming the accountancy firm is liable for the alleged rape of a graduate employee following after-work drinks. Another batch of Big 4-affiliated firms in India have been smacked down by regulators for their close relationship with the multinational body.

audit 105

audit auditor accountant Account 105

Menzies

MARCH 6, 2024

Menzies LLP - A leading chartered accountancy firm. Taking all the above measure into account it appears that the Government is set to reduce the number of private landlords in the market. Did the budget produce any positives for the property and construction sector?

Construction 64

Construction chartered accountant Tax Government 64

Menzies

SEPTEMBER 23, 2024

Menzies LLP - A leading chartered accountancy firm. A number of announcements have already been made on the Government’s plans for the property and construction sector. The Labour Government has already warned that its first fiscal budget will be painful.

Construction 59

Construction chartered accountant Government Tax 59

Menzies

AUGUST 10, 2023

Menzies LLP - A leading chartered accountancy firm. Whilst it may appear that many costs of a construction project will not qualify for plant and machinery allowances, it is certainly worth investigating as the rules are detailed and may apply to more costs than expected. Who do the new tax relief rules apply to?

Construction 52

Construction chartered accountant Tax accounting firms 52

Menzies

APRIL 10, 2023

Menzies LLP - A leading chartered accountancy firm. Businesses operating within the property and construction sector may have specific needs and requirements that are not commonly found in other sectors. This may include for example complying with the Construction Industry Scheme.

business tax 52

business tax Tax Construction chartered accountant 52

Menzies

FEBRUARY 12, 2023

Menzies LLP - A leading chartered accountancy firm. The merged business will have combined revenues of around £22m and 200 staff across London, Esher, Manchester and Edinburgh, making it one of the UK’s largest independent building and project consultants, advising on projects with a total construction value of £5bn.

chartered accountant 52

chartered accountant accounting and finance Construction Finance 52

Menzies

FEBRUARY 1, 2024

Menzies LLP - A leading chartered accountancy firm. The construction, hospitality, and retail sectors were hit the hardest, likely due to their vulnerability to the immediate effects of economic downturns. 2023 Insolvency Statistics in a nutshell The number of overall insolvencies recorded reached a 30-year high.

Hospitality 59

Hospitality Construction chartered accountant Retail 59

Menzies

NOVEMBER 9, 2023

Menzies LLP - A leading chartered accountancy firm. CIS The UK Construction Industry Scheme (CIS) has been operating for many years, and back in April, the government launched a consultation on reform to remove a number of longstanding irritations for those companies who have to make CIS returns.

chartered accountant 59

chartered accountant Construction corporation tax Government 59

Menzies

APRIL 18, 2024

Menzies LLP - A leading chartered accountancy firm. Construction is another target area due to the use of contractors. What is IR35? The off-payroll working rules, or IR35 as it’s commonly referred to, have been around for some time.

chartered accountant 64

chartered accountant Entertainment income tax Healthcare 64

Menzies

DECEMBER 11, 2023

Menzies LLP - A leading chartered accountancy firm. More about our Property & Construction Advisory services. For more information on how Houses of Multiple Occupancy (HMOs) might qualify you for capital allowances, contact Business Tax Partner Rebecca Wilkinson. The post HMOS – DO YOU QUALIFY FOR CAPITAL ALLOWANCES?

Construction 52

Construction chartered accountant Tax business tax 52

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

MAY 19, 2023

Menzies LLP - A leading chartered accountancy firm. How can business owners construct a more durable business structure? Every organisation requires a strong plan to ensure its success and most business owners know that staying focused is vital to be able to deliver the long-term objectives.

chartered accountant 52

chartered accountant Construction Maine accounting firms 52

Menzies

OCTOBER 27, 2023

Menzies LLP - A leading chartered accountancy firm. Stamp Duty Land Tax (SDLT) can be a significant expense for property investors and developers in England and Northern Ireland. In this article we outline the top 5 SDLT reliefs that you need to be familiar with.

Tax 64

Tax chartered accountant Construction Maine 64

Menzies

JANUARY 15, 2025

Menzies LLP - A leading chartered accountancy firm.

Agriculture 52

Agriculture chartered accountant Government Tax 52

Menzies

MARCH 6, 2023

Menzies LLP - A leading chartered accountancy firm. For these purposes  “dwelling”  means a building or part of a building which is suitable for use as a single dwelling or is in the process of being constructed or adapted for such use. Find out more about our Property & Construction sector expertise.

Tax 40

Tax Construction chartered accountant accounting and finance 40

Menzies

JUNE 28, 2023

Menzies LLP - A leading chartered accountancy firm. Charities are entitled to claim relief from VAT when they construct new buildings. VAT legislation says that services supplied in the course of construction of a building which will be used solely for relevant charitable purposes are zero rated for VAT.

Construction 52

Construction chartered accountant Education Maine 52

Menzies

AUGUST 22, 2024

Menzies LLP - A leading chartered accountancy firm. HMRC have advised that they have commenced a new ‘ One To Many ’ letter campaign in respect of Construction Industry Scheme (CIS) contractors, prompting them to verify the CIS tax status of their subcontractors and to check CIS tax has been appropriately deducted and paid.

Construction 52

Construction chartered accountant Tax accounting firms 52

Menzies

JULY 21, 2022

Menzies LLP - A leading chartered accountancy firm. The change in policy, or its interpretation, could mean that VAT should be charged on income, may prevent recovery of VAT on costs incurred or could affect the status of any certificates signed to claim zero rating on construction services. VAT on income.

Non-Profits 52

Non-Profits Construction chartered accountant accounting firms 52

Menzies

FEBRUARY 4, 2023

Menzies LLP - A leading chartered accountancy firm. However, once these conditions are satisfied, then large percentages of the cost of a construction/refurbishment/fit-out project, or the acquisition cost of a property, could attract the tax relief. What capital allowances may be available?

Construction 52

Construction chartered accountant Tax Sales 52

Menzies

MARCH 6, 2023

Menzies LLP - A leading chartered accountancy firm. Find out more about our Property & Construction services. This was the case even if it was going to be the buyer’s only property or if it was replacing the buyer’s only or main residence.

Tax 52

Tax Maine chartered accountant Construction 52

Menzies

FEBRUARY 13, 2023

Menzies LLP - A leading chartered accountancy firm. Blog How will the new accounting standards impact construction companies? read more Blog IFRS: Impact of changes to lease accounting for retail companies. read more What is IFRS 16?

audit 10

audit chartered accountant accounting standards Construction 10

Menzies

OCTOBER 5, 2022

Menzies LLP - A leading chartered accountancy firm. The Annual Investment Allowance (AIA) gives businesses the opportunity to claim 100% capital allowances in the year of expenditure on qualifying capital assets. ANNUAL INVESTMENT ALLOWANCE PERMANENTLY SET AT £1 MILLION.

chartered accountant 52

chartered accountant Manufacturing accounting firms Government 52

Menzies

AUGUST 21, 2023

Menzies LLP - A leading chartered accountancy firm. While this structure is often used in the construction industry, it is not exclusive to that sector and is also prevalent in other industries.

chartered accountant 52

chartered accountant tax planning corporation tax Construction 52

Menzies

MAY 7, 2024

Menzies LLP - A leading chartered accountancy firm. Examples of this include: constructing a building on a piece of land where, at the time of disposal, the building has been demolished and the land has reverted to its original state. Overview Article written by Daniela Moss and Rutvik Patel, Menzies.

tax return 52

tax return Construction chartered accountant Tax 52

Menzies

AUGUST 1, 2023

Menzies LLP - A leading chartered accountancy firm. It offers a constructive pathway for correcting tax oversights and omissions. In light of HMRC’s recent investigation into Airbnb hosts and their earnings data, holiday-let property owners must take proactive steps to ensure they comply with tax regulations.

chartered accountant 52

chartered accountant Tax Construction accounting firms 52

Menzies

MAY 30, 2022

Menzies LLP - A leading chartered accountancy firm. In September 2021, the construction of a new 1,200-kilometre undersea gas pipeline was completed. In the last year, more than 20 energy companies have fallen victim to the unprecedented increases to the price of wholesale gas.

chartered accountant 52

chartered accountant Construction Maine Start-ups 52

Menzies

APRIL 28, 2022

Menzies LLP - A leading chartered accountancy firm. The recent Upper Tribunal (UT) decision in the case of Urenco Chemplants Limited & Anor v HMRC lends support for making capital allowances claims on functional items in the business that might on first analysis appear to be a building/structural item.

chartered accountant 52

chartered accountant Maine accounting firms Tax 52

Menzies

NOVEMBER 10, 2023

Menzies LLP - A leading chartered accountancy firm. Reasons cited include delays in obtaining planning permission and increases in construction costs of up to 30% in some areas. There are many challenges around the cost of living and the cost of doing business. However, this target is not currently being met.

chartered accountant 52

chartered accountant Non-Profits accounting and finance Construction 52

Menzies

NOVEMBER 24, 2022

Menzies LLP - A leading chartered accountancy firm. Let’s face it, whenever we look to buy something the most important thing is price. I don’t know about you, but if I am walking through a smart shopping mall and I see an item in the window that looks fantastic but with no price on it, I don’t go in. ‘If

chartered accountant 52

chartered accountant Construction Legal accounting firms 52

Menzies

JULY 27, 2023

Menzies LLP - A leading chartered accountancy firm. Cash provides security in the short term, whilst a well-constructed investment portfolio is likely to be one of the best lines of defence against inflation in the long run. The economic landscape has certainly changed of late.

chartered accountant 52

chartered accountant Construction Start-ups accounting firms 52

Menzies

FEBRUARY 2, 2023

Menzies LLP - A leading chartered accountancy firm. The review should also provide some constructive and robust questioning to ensure that the thinking and overall proposition makes sense and will stand up to subsequent scrutiny.

Manufacturing 52

Manufacturing accounting and finance chartered accountant Finance 52

Menzies

JUNE 6, 2022

Menzies LLP - A leading chartered accountancy firm. The capital allowances rules set the rates and timing at which capital expenditure can be deducted to arrive at taxable profits in a tax return. Announced on 9 May 2022, the UK government is considering reforms to help with enterprise and growth.

chartered accountant 52

chartered accountant Maine tax return Government 52

Menzies

NOVEMBER 3, 2022

Menzies LLP - A leading chartered accountancy firm. Which accounting standard should you use? When preparing a set of financial statements in the UK there is a choice of accounting standard to apply in order to comply with UK Companies Act 2006. Property, plant and equipment.

financial statements 52

financial statements accounting standards international accounting standards chartered accountant 52

Menzies

FEBRUARY 15, 2023

Menzies LLP - A leading chartered accountancy firm. The stamp duty land tax (SDLT) surcharge for overseas buyers of residential property was introduced on the 6th April 2021.

chartered accountant 52

chartered accountant corporation tax Tax accounting firms 52

Menzies

MARCH 1, 2023

Menzies LLP - A leading chartered accountancy firm. This period of high inflation, ever-increasing costs and future uncertainty is showing how essential it is for businesses to manage their cash.

chartered accountant 52

chartered accountant corporation tax Tax accounting firms 52

Menzies

MARCH 1, 2023

Menzies LLP - A leading chartered accountancy firm. Whilst remuneration for employees is a key aspect for attracting and retaining talent within the business, there should also be a remuneration plan in place for director-shareholders and members of an LLP.

income tax 52

income tax corporation tax chartered accountant Tax 52