Menzies

OCTOBER 31, 2024

Menzies LLP - A leading chartered accountancy firm. The recent Budget has painted a mixed picture for the Transport and Logistics sector. Our Transport & Logistics Team have summarised the key changes that will impact the T&L Sector.

Transportation 45

Transportation chartered accountant Maine Tax 45

Menzies

SEPTEMBER 23, 2024

Menzies LLP - A leading chartered accountancy firm. As the UK Budget announcement approaches on October 30th, there’s a growing sense of anticipation within the Transport and Logistics (T&L) sector. It’s important to remember that nearly everything we buy is transported by road at some point.

Transportation 52

Transportation chartered accountant Government Tax 52

Menzies

NOVEMBER 10, 2023

Menzies LLP - A leading chartered accountancy firm. Read Mark Perrin’s wish list for the Transport and Logistics sector, for the upcoming 2023 Autumn Budget. Enhanced tax incentives for SMEs investing in greener fleets would be welcome. What are our recommendations?

chartered accountant 52

chartered accountant Transportation Tax Government 52

Menzies

SEPTEMBER 19, 2024

Menzies LLP - A leading chartered accountancy firm. This wouldn’t just affect hauliers; we must remember that everything we buy has to be transported, so there is a risk of driving up costs across the entire supply chain, ultimately contributing to inflation.

chartered accountant 52

chartered accountant Transportation accounting firms Tax 52

Menzies

MAY 12, 2022

Menzies LLP - A leading chartered accountancy firm. The aforementioned sum available for the redevelopment project will consist of locally led grant funding, distributed to local authorities and a proportion earmarked for transport links, community facilities and underused land, such as brownfield sites. Land remediation relief.

Tax 52

Tax chartered accountant corporation tax Transportation 52

Menzies

AUGUST 21, 2024

Menzies LLP - A leading chartered accountancy firm. The country has a well-developed infrastructure, with excellent transport links and access to a range of raw materials. The UK offers a range of measures to support businesses, including tax incentives, investment in infrastructure, and regulatory reform.

Manufacturing 59

Manufacturing chartered accountant Transportation Government 59

Menzies

MAY 6, 2022

Menzies LLP - A leading chartered accountancy firm. The balance will continue to be written down annually and in the above example this would mean a total of £19k tax saving (at current tax rates)/£25k tax saving (at future tax rates). For every £100 spent, companies will receive tax relief of £130.

chartered accountant 52

chartered accountant Transportation Tax accounting firms 52

Menzies

MAY 11, 2023

Menzies LLP - A leading chartered accountancy firm. One of the main aspects you need to think about when becoming Self Employed is the tax position and ensuring that you meet the tax reporting requirements. Income tax is payable on the profit.

chartered accountant 52

chartered accountant income tax tax return Transportation 52

Menzies

JULY 16, 2024

Menzies LLP - A leading chartered accountancy firm. Summary As an update to the article dated 8 December 2023, the UK is planning to introduce its own version of the CBAM, which has some differences to the EU model and so will affect more businesses, where it widens the impact on the supply chain.

Manufacturing 59

Manufacturing chartered accountant Transportation accounting firms 59

Menzies

JANUARY 7, 2024

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.

income tax 52

income tax Tax chartered accountant Government 52

Menzies

MAY 1, 2022

Menzies LLP - A leading chartered accountancy firm. Businesses, established in Great Britain, incurring EU VAT in connection with their business activities in a member state are entitled to claim a refund from the tax authority under the 13 th Directive scheme provided the required conditions are met. Are you eligible?

chartered accountant 52

chartered accountant Transportation Tax accounting firms 52

Menzies

MAY 22, 2024

Menzies LLP - A leading chartered accountancy firm. In the evolving and increasingly competitive landscape of the transport industry, fleet management is important. Considering depreciation as more than just an accounting entry is crucial in the transport and logistics industry.

Transportation 52

Transportation chartered accountant accounting firms accounted 52

Menzies

DECEMBER 11, 2023

Menzies LLP - A leading chartered accountancy firm. However, transformation comes at a significant cost and feasibility will need to be investigated with consideration of both available tax reliefs and timing of investments. What tax reliefs are available for Warehouse of the future projects?

Technology 52

Technology Transportation chartered accountant Tax 52

Menzies

DECEMBER 12, 2022

Menzies LLP - A leading chartered accountancy firm. A Menzies client since it was founded in 1993, AutoLogic is a leading provider of simulation products, consulting and related services, offering a unique range of solutions for improving efficiency in the manufacturing, transport and logistics sectors.

Sales 52

Sales chartered accountant accounting and finance Transportation 52

Menzies

OCTOBER 5, 2022

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.

chartered accountant 52

chartered accountant Manufacturing accounting firms Government 52

Menzies

JUNE 24, 2022

Menzies LLP - A leading chartered accountancy firm. The four sections are as follows: Trade: customs and agrifood Regulations Tax and spend Governance. For now, current arrangements for the movement of goods into and out of Northern Ireland will remain.

Government 52

Government chartered accountant accounting firms Tax 52

Menzies

FEBRUARY 18, 2023

Menzies LLP - A leading chartered accountancy firm. What is an AEO? The concept is based on the Customs-to-Business partnership introduced by the World Customs Organisation.

Transportation 40

Transportation audit chartered accountant Manufacturing 40

Menzies

MARCH 6, 2023

Menzies LLP - A leading chartered accountancy firm. The country has a well-developed infrastructure, with excellent transport links and access to a range of raw materials. The government has introduced a range of measures to support businesses, including tax incentives, investment in infrastructure, and regulatory reform.

Manufacturing 40

Manufacturing chartered accountant Transportation Government 40

Menzies

DECEMBER 8, 2023

Menzies LLP - A leading chartered accountancy firm. Credit will be given against carbon taxes levied in the country of origin. What is it? The CBAM is part of the concept of carbon pricing and the EU’s aim of being the first ‘green continent’, by imposing regulation on EU businesses, to encourage decarbonisation.

chartered accountant 52

chartered accountant accounting firms Tax accountant 52

Menzies

FEBRUARY 13, 2023

Menzies LLP - A leading chartered accountancy firm. It is worth noting that UK established importers are more than likely to be contracting with customs brokers under direct representation, meaning the importer is liable for all taxes paid on import, not the customs broker.

chartered accountant 52

chartered accountant audit accounting firms Tax 52

Menzies

FEBRUARY 13, 2023

Menzies LLP - A leading chartered accountancy firm. It is worth noting that UK established importers are more than likely to be contracting with customs brokers under direct representation, meaning the importer is liable for all taxes paid on import, not the customs broker.

chartered accountant 52

chartered accountant audit accounting firms Tax 52

Menzies

FEBRUARY 10, 2023

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.

Sports 52

Sports chartered accountant Sales Gaming 52

Menzies

DECEMBER 6, 2023

Menzies LLP - A leading chartered accountancy firm. For example, legal invoices might show intellectual property assets, that could’ve been leveraged using Patent Box Relief to reduce the client’s corporation tax liability.

audit 52

audit auditor accounting and finance chartered accountant 52

Menzies

DECEMBER 19, 2023

Menzies LLP - A leading chartered accountancy firm. One of the main reasons for this lack of detailed analysis often comes down to the purpose of SME record keeping; primarily to ensure compliance with tax and statutory obligations.

chartered accountant 52

chartered accountant Retail Maine accounting system 52

Menzies

FEBRUARY 17, 2023

Menzies LLP - A leading chartered accountancy firm. Three-way forecasting involves integrating information from data sources including their profit and loss accounts, balance sheets and cash flow reports in order to predict the financial position of the business based on a number of possible scenarios.

chartered accountant 40

chartered accountant accounting and finance Finance Tax 40

Menzies

JANUARY 7, 2025

Menzies LLP - A leading chartered accountancy firm. With the cost of living going up and businesses feeling the pinch, it is more important than ever for tax relief to be maximised where possible. One area that can sometimes be overlooked is capital allowances which provide tax relief on capital investment.

Tax 59

Tax chartered accountant Transportation accounting and finance 59

Going Concern

JULY 28, 2023

INSIDE Public Accounting Releases Its Annual Rankings and Analysis of the Nation’s Largest, Fast-Growing Public Accounting Firms [ INSIDE Public Accounting ] “The labor shortage is a major driver behind the behavior of the IPA 100 firms,” says Charles Hylan, managing director at The Growth Partnership, IPA’s parent company.

Gambling 98

Gambling audit Technology accounting firms 98

Menzies

DECEMBER 23, 2024

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.

Hospitality 59

Hospitality Manufacturing forensic accounting Construction 59

Menzies

NOVEMBER 20, 2024

Menzies LLP - A leading chartered accountancy firm. The tax that passengers must pay when flying from most UK airports increases each year with the forecast Retail Price Index (RPI) and is adjusted in line with inflation.

chartered accountant 52

chartered accountant Transportation Government Tax 52

Menzies

OCTOBER 23, 2024

Menzies LLP - A leading chartered accountancy firm. The invoice for a TOMS supply sold to a business for use in its business has to include a statement such as “This is a Tour Operators’ Margin Scheme supply” or “This supply falls under the Value Added Tax (Tour Operators) Order 1987”. What is TOMS?

Transportation 52

Transportation chartered accountant Sports accounting firms 52

Menzies

JUNE 26, 2024

Menzies LLP - A leading chartered accountancy firm. In the Labour Party manifesto for 2024, there is a strong emphasis on the importance of investing in the transport and logistics sectors to create jobs and stimulate economic growth. What is the Labour party proposing? What is the Conservative party proposing?

Transportation 52

Transportation chartered accountant corporation tax Government 52

Menzies

MARCH 16, 2023

Menzies LLP - A leading chartered accountancy firm. The Framework secures changes to this, to ensure Northern Ireland will benefit from the same VAT and alcohol taxes applying in the rest of the UK.

B2C 52

B2C E-commerce Agriculture chartered accountant 52

Going Concern

AUGUST 25, 2023

News US Accounting Board Looks Across the Ocean to Fill Hole in Rules [ Bloomberg Tax ] The flood of government aid that helped keep companies afloat during the coronavirus pandemic exposed a hole in US accounting rules: Businesses have no way to record the grants, loans, and tax breaks that bolstered their bottom lines.

tax preparation 98

tax preparation CPA Illinois payroll tax 98