CPA Practice

JUNE 1, 2023

The coalition includes the following organizations: AICPA Latino Tax Pros National Association of Black Accountants, Inc. NSBCPA) National Society of Tax Professionals (NSTP) Padgett Business Services The Diverse Organization of Firms (DOF) H&R Block Prosperity Now. in Ahmedabad, Gujarat, India.

institute of chartered accountants 111

institute of chartered accountants chartered accountant North Dakota Texas 111

Menzies

OCTOBER 31, 2024

Menzies LLP - A leading chartered accountancy firm. Rise in Capital Gains Tax However, the rise in Capital Gains Tax, along with upcoming changes to Business Asset Disposal Relief, has raised concerns among the many owner-managed and family-run businesses within the sector.

Transportation 45

Transportation chartered accountant Maine Tax 45

Going Concern

MAY 30, 2023

Ian Gow and former KPMG director Stuart Kells, authors of the 2018 book “The Big Four: The Curious Past and Perilous Future of the Global Accounting Monopoly,” write about Big 4 integrity for The Mandarin : The PwC affair is of course not the first of its kind, even for PwC. In the 1990s and 2000s, Caterpillar Inc.

CPA 98

CPA institute of chartered accountants Government chartered accountant 98

Menzies

JANUARY 23, 2025

Menzies LLP - A leading chartered accountancy firm. HMRC launched a new one-to-many campaign on 15 January 2025 specifically targeting delivery drivers who HMRC believe have failed to deliver a tax return disclosing their income. Read on to find out how to address your past and present UK tax obligations.

tax return 52

tax return chartered accountant Tax income tax 52

Going Concern

JANUARY 6, 2025

One of the partners thrown under the bus post-tax scandal by PwC Australia has cleared his name : The main disciplinary body for the big four accounting firms has dropped an investigation into a former PwC partner forced out by the firm after being linked to its tax leaks scandal.

accountant 52

accountant accounted Account audit 52

CPA Practice

NOVEMBER 12, 2024

BKR International has announced the addition of Abbasi, Shahin & Odeh Chartered Accountants as the newest member in the Middle East region. BKR is a top-10 global accounting association representing the expertise of 140 members with nearly 600 offices in over 75 countries around the world.

chartered accountant 52

chartered accountant audit Tax accountant 52

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 52

chartered accountant payroll tax accounting and finance payroll 52

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 59

Tax chartered accountant accountant Account 59

Going Concern

JULY 22, 2022

Global Rulemakers Say It’s Time to Fix Goodwill Accounting [ Bloomberg Tax ] The International Accounting Standards Board said Thursday that it would decide whether to change the rules covering acquisition accounting at its next meeting. Happy Friday to you too, Tax Twitter. Happy Friday.

institute of chartered accountants 98

institute of chartered accountants audit international accounting standards chartered accountant 98

Menzies

JUNE 5, 2024

Menzies LLP - A leading chartered accountancy firm. LATEST UPDATE Groups within the scope of Pillar 2 in the UK will need to register with HMRC within 6 months of the Group’s first accounting period starting on or after 31 December 2023. WHAT IS PILLAR 2? Assess whether your Group is within the scope Pillar 2.

Finance 59

Finance Tax chartered accountant accounting and finance 59

Menzies

APRIL 10, 2023

Menzies LLP - A leading chartered accountancy firm. The tax landscape in relation to property has changed dramatically over recent years with various tax rule changes and anti-avoidance measures. This may include for example complying with the Construction Industry Scheme.

business tax 52

business tax Tax Construction chartered accountant 52

Menzies

MARCH 25, 2024

Menzies LLP - A leading chartered accountancy firm. If you don’t declare or don’t pay the tax you owe to HMRC, it’s likely you will receive significant penalties and in some cases be criminally prosecuted. What should I do if I am concerned about PDDD or MSD?

Tax 59

Tax chartered accountant tax return accounting firms 59

Menzies

MAY 24, 2023

Menzies LLP - A leading chartered accountancy firm. Jonathan Bass , Partner, Matthew Watkins , Director, and Stephen Hemmings , Partner at Menzies, discuss recent tax announcements made in the Spring Statement, covering the changes that are underway, in areas such as R&D and tax disputes.

chartered accountant 52

chartered accountant Tax accounting firms accounted 52

Menzies

MAY 22, 2024

Menzies LLP - A leading chartered accountancy firm. The Times has recently reported on leaked data which shows approximately 17,000 British citizens owned approximately 22,000 properties in Dubai as of spring 2022, and yet only 1,900 UK tax residents reported let property income from a Dubai property in the 2021/22 tax year.

Tax 59

Tax Non-Profits tax return chartered accountant 59

Menzies

JANUARY 29, 2024

Menzies LLP - A leading chartered accountancy firm. Online tutors are easy to find and there are many websites offering to match students to tutors, but how many tutors consider the potential UK tax reporting obligations arising from their endeavours? What will private tutors want to know?

Tax 59

Tax tax return chartered accountant Start-ups 59

Menzies

SEPTEMBER 2, 2022

Menzies LLP - A leading chartered accountancy firm. For example, if an energy-efficient vehicle cost £100,000, this would lead to a deduction against the taxable profits of £100,000, generating tax relief of £25,000 (assuming corporation tax paid at the new 25%, as from April 2023 corporation tax rates are due to increase).

Tax 52

Tax chartered accountant corporation tax Transportation 52

Menzies

AUGUST 15, 2024

Menzies LLP - A leading chartered accountancy firm. But it’s not just breeding that might cause a tax problem, as pet sitters will also fall onto HMRC’s radar with the introduction of the online platform reporting rules. Are you prepared if HMRC start to sniff around your tax affairs?

tax return 86

tax return chartered accountant Tax Sales 86

Menzies

FEBRUARY 6, 2023

Menzies LLP - A leading chartered accountancy firm. HMRC have recently changed their policy on acknowledging Option to Tax notifications. This could be useful if a taxpayer did not recall whether they had opted to tax or not. This could be useful if a taxpayer did not recall whether they had opted to tax or not.

Tax 52

Tax chartered accountant accounting firms accountant 52

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 59

Tax Non-Profits chartered accountant corporation tax 59

Going Concern

APRIL 7, 2023

The alliance is part of PwC UK’s technology-driven strategic plan to reframe the way traditional tax, legal and people services are delivered. Castillo also took money to pay their taxes, but instead pocketed the money, Sellinger said. If Your Job Exposed to ChatGPT? Castillo faces up to 20 years in prison and a $250,000 fine.

auditor 105

auditor chartered accountant audit accounting and finance 105

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

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? If you receive any prize money from outside the UK, tax may be withheld on these earnings.

Sports 59

Sports Tax tax return chartered accountant 59

Menzies

JUNE 6, 2023

Menzies LLP - A leading chartered accountancy firm. To dissuade taxpayers from all forms of non-compliance, the UK tax code contains many other types of penalties that apply in alternative scenarios. If the return is still outstanding after 6 months then HMRC can charge a penalty equal to the greater of £300 or 5% x tax due.

Tax 52

Tax income tax chartered accountant accounting and finance 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. There may be significant tax savings where dwellings are acquired together with non-residential properties.

Tax 64

Tax chartered accountant Construction Maine 64

Menzies

SEPTEMBER 20, 2024

Menzies LLP - A leading chartered accountancy firm. With a recent change in Government promising to fill the tax gap, the Prime Minister has warned the budget will be “painful”. Capital Gains Tax It is widely expected that we will see an increase to capital gains tax rates, particularly on residential property.

tax services 59

tax services Tax income tax Agriculture 59

Menzies

NOVEMBER 27, 2023

Menzies LLP - A leading chartered accountancy firm. Understanding the differences between the available allowances is crucial for enhancing tax savings and bolstering cash flow, particularly in the early stages of a tech enterprise, where capital investments may be significant.

Technology 59

Technology Tax Maine chartered accountant 59

Menzies

OCTOBER 21, 2022

Menzies LLP - A leading chartered accountancy firm. But they might be unaware that most of the cost of the refurbishment may be eligible for tax relief under the capital allowances regime. Consulting a tax professional for advice at an early stage will enable companies to get the information needed to make a successful claim.

Tax 52

Tax Maine chartered accountant tax return 52

Menzies

MAY 19, 2023

Menzies LLP - A leading chartered accountancy firm. The UK tax system is designed in such way as to provide the taxpayer with important safeguards. To balance HMRC’s power to raise an assessment with protecting the taxpayer, specific time limits are imposed on HMRC to raise an assessment for a loss of tax.

Tax 52

Tax chartered accountant income tax corporation tax 52

Menzies

JULY 6, 2022

Menzies LLP - A leading chartered accountancy firm. The Plastic Packing Tax is now operational. On 1 July 2022, HMRC updated their guidance on how to submit your Plastic Packaging Tax return. Once you have met the 10-tone threshold you will need to register your liability for the Plastic Packaging Tax.

tax return 52

tax return Tax Manufacturing chartered accountant 52

Menzies

OCTOBER 30, 2024

Menzies LLP - A leading chartered accountancy firm. Schools, their representative bodies and tax advisors are invited to contact HRMC by email at vatonprivateschoolfees@hmrc.gov.uk VAT returns have to be submitted by way of Making Tax Digital compliant software. Is there an HMRC helpline for schools?

Education 52

Education chartered accountant Tax accountant 52

Menzies

MARCH 22, 2023

Menzies LLP - A leading chartered accountancy firm. Depending on the circumstances this may defer the tax relief available into the next accounting period. The tax impact on making use of grants is that the value on which capital allowances are applied is reduced by the value of the grant.

Tax 52

Tax Non-Profits chartered accountant Maine 52

PANALITIX

AUGUST 23, 2020

We covered a lot of ground in a recent interview with Panalitix client Michael Burke of Burke Raftery Chartered Accountants. Don’t get too comfortable with the tax work as this is often an obstacle to embracing advisory work. Michael continues, ‘Getting partners to agree to invest in a management accountant can be hard.

accounting and finance 130

accounting and finance chartered accountant Manufacturing management accounts 130

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 52

Tax chartered accountant financial statements Start-ups 52

Menzies

DECEMBER 1, 2022

Menzies LLP - A leading chartered accountancy firm. From 1 April 2023, the corporation tax rate will be increasing from 19% to 25% for companies with taxable profits over £250,000. Companies with taxable profits of less than £50,000 will continue to pay tax at 19%. Should you shorten your accounting period?

corporation tax 52

corporation tax Tax chartered accountant accounting firms 52

Menzies

JANUARY 20, 2023

Menzies LLP - A leading chartered accountancy firm. We’re devised this ‘Finance Directors’ tax toolkit’ to highlight the ways in which Menzies often help large and multinational companies including business tax, employment solutions and innovation incentives (e.g.

Finance 52

Finance Tax tax return accounting and finance 52

Menzies

NOVEMBER 7, 2023

Menzies LLP - A leading chartered accountancy firm. UK tax considerations for content creators and social media influencers Do you consider yourself an influencer? If so, did you know that you may well have UK tax liabilities and do you know what you need to do to be tax compliant? First things first – don’t panic.

Tax 52

Tax tax return chartered accountant accounting firms 52

Menzies

JUNE 8, 2023

Menzies LLP - A leading chartered accountancy firm. Government Consultations A technical consultation recently took place in May 2023 to consult on draft regulations which amend how a business claims a Plastic Packaging Tax credit in certain circumstances. Rate From 1 April 2023 the PPT rate has increased to £210.82

Tax 52

Tax chartered accountant Transportation Manufacturing 52