Articles & Insights (Index)

27th August 2021

Meet Harriet Swinson, ACA Audit Trainee at HW Fisher

Have you ever wondered what’s involved in an ACA Trainee scheme? Harriet Swinson, a trainee in our Audit team, explains why she chose this specific career…

24th August 2021

Will I face a furlough enquiry?

Are you one of the 1.3 million employers who claimed Coronavirus Job Retention Scheme (furlough) monies from HMRC from March 2020 as a result of…

19th August 2021

Meet the team – Gerry Myton

Gerry Myton leads our indirect taxation team and specialises in not only VAT, but also duty matters. He began his career with Her Majesty’s Customs…

19th August 2021

Get Ahead – VAT Update

In this monthly digest, Gerry Myton brings the latest updates from HMRC – including their recent business brief offering guidance on the repayment of VAT…

12th August 2021

Not for Profit sector – a month in review

It has been a busy month for the Not-for-Profit sector! This month’s digest highlights some exciting events hosted by the Charity Finance Group and the…

11th August 2021

How do you value music: 3 things you need to know

Revenues generated by the music industry peaked in 1999, mostly due to the physical CD market. In stark contrast, the industry reached an all-time low…

5th August 2021

M&A activity in 2021

Our Corporate Finance Team specialise in transaction services and corporate finance, dealing with all areas of transaction services, including vendor and purchaser due diligence, acting…

29th July 2021

COVID – working from paradise?

A few years ago, I was lucky enough to spend a fair amount of time on the beautiful island of Barbados.  So when the Barbados…

28th July 2021

Search Funds Q&A with Simon Webster

To gain more insight into the world of search funds, from someone who has been involved in search funds for many years and has experience…

23rd July 2021

Furnished Holiday Lets – Here is what you need to know

If you own and run a Furnished Holiday Let (“FHL”) now would be a good time to take stock of the key points and whether…

23rd July 2021

Brexit: Exports to private customers

by Gerry Myton, Partner – Head of Indirect Tax What changes are being made? Brexit has resulted in several major changes for UK businesses who are…

23rd July 2021

HMRC Revenue and Customs Brief 7 (2021): VAT on electric cars

HMRC have recently released a new brief which discusses HMRC’s policy on the VAT treatment of charging electric vehicles and an entitlement to recover VAT…

23rd July 2021

Basis Period Reform: Impacts for Partnerships and Sole Traders

The government has released a document outlining the current rules for basis periods and setting out a specific proposal to simplify them. The proposal affects…

22nd July 2021

Fifth SEISS: New rules for the self-employed on the way – all you need to know

The Self-Employment Income Support Scheme (SEISS) grant has helped millions of self-employed people across the UK whose business and income has been affected by the…

13th July 2021

Making change happen on the road to gender equality

Since its launch, the WealthiHer Network has made significant progress in supporting women’s economic advancement by equipping them with the knowledge they need to prosper…

9th July 2021

Corporate Establishment Process for Businesses in China

The establishment process varies based on one’s chosen investment structure and planned business scope. For example, setting up a manufacturing FIE requires an environmental evaluation to be…

9th July 2021

Company Holding Structure for Businesses in China

Does it make sense to use a Holding Company? Many companies choose to establish holding companies, or “special purpose vehicles”, in jurisdictions, such as Hong…

9th July 2021

Choosing a Location to Set Up Your Business in China

Choosing a location is one of the first decisions that British companies must make when entering a new market. Location and a strategic site selection…

9th July 2021

Pre-Establishment Considerations for British Investors Setting Up in China

With an increase in the number of establishments in China from UK companies, it is highly advisable to seek professional assistance to guide British Investors…

9th July 2021

Meet the Team – Andrew Subramaniam

Andrew brings over 30 years’ experience working with many best-selling authors and household names in the media world, as well as talented creatives in the…

7th July 2021

Turning challenges into opportunity: VOCES8 Foundation

The Show Must Go On: Supporting Artists and Creating a Worldwide Arts Community through Digital Innovation Partner: Andrew Rich Client: VOCES8 Foundation In three sentences, what…

5th July 2021

In memory of Paul Beber

We at HW Fisher are very sad to announce the untimely death of a much admired and respected former partner, Paul Beber, who worked with…

23rd June 2021

IR35: 10 Things you need to know

If you are a business who engages with contractors or you are a worker who uses a personal service company, you may have heard about…

23rd June 2021

Life after “EU” – an update on global mobility and social security post-breakup

In addition to the wrangling and ongoing negotiations as part of one of the biggest breakups in history, navigating the new rules as part of…

23rd June 2021

What is a search fund and why are they becoming more popular?

A Search Fund is specialist vehicle in which investors back a promising individual (entrepreneur) rather than an existing start-up team. Often these entrepreneurs, or searchers,…

17th June 2021

Latest on the VAT Payments Holiday – all you need know

To support businesses during the COVID-19 pandemic, the UK Government announced temporary changes to the VAT system. Many organisations took advantage of the VAT payment…

17th June 2021

The Chancellor set to reject furlough extension despite Freedom Day delay

Speaking on the Chancellor’s proposed plan to reject calls for an extension of the furlough scheme, Simon Michaels says “The Chancellor finds himself in the…

8th June 2021

Brexit update: six months on

by Gerry Myton, Consultant The impact of the UK leaving the European Union (EU)  on VAT and Customs remains profound. The below highlights some of the…

8th June 2021

Brexit changes: Understanding the Northern Ireland Protocol

by Gerry Myton, Consultant Since the UK left the European Union (EU) there have been some changes to VAT and Customs rules for businesses trading…

28th May 2021

Understanding tax on cryptoassets

by Daniel Tomassen, Manager – Private Client Department Cryptoassets are private digital assets that use cryptography and are designed to work as a medium of…

28th May 2021

The latest Supreme Court ruling you need to know about

You may have seen some publicity recently following the Supreme Court judgement in HMRC v Tooth, 2021 What happened? In summary, the taxpayer (Raymond Tooth)…

26th May 2021

Life gifts: when is a gift not a gift?

The harsh reality of the Covid-19 pandemic has driven many people to start making plans for the future, and think carefully about  how they want…

26th May 2021

Writing business: What authors need to know when setting up a company

Many authors operate through limited companies but are they always necessary and beneficial? Here we take a look at the latest tax implications, to help…

26th May 2021

HW Fisher LLP advises MH Direkt on UK e-commerce acquisition

MH Direkt, an Austrian owned e-commerce fulfilment business, has made its most recent e-commerce acquisition in the UK, acquiring Firebox.com, an online retailer of unusual…

25th May 2021

Deadline reminder: all you need to know about SEISS 4

The Self-Employment Income Support Scheme (SEISS) grant has helped millions of self-employed people across the UK whose business and income has been affected by the…

24th May 2021

Authors, literary agents and VAT: a quick guide

Establishing when to apply VAT to a transaction, and at what rate, can be a common area of confusion, particularly when international elements are involved.

14th May 2021

HW Fisher joins WealthiHer Network

HW Fisher, a top 30 audit and advisory firm, has joined the WealthiHer Network as its latest partner. Founded in 2019 the Network is an…

14th May 2021

A Day in the Life of Caitlin Dolan, Trainee Tax Adviser at HW Fisher

What does a day in the life of a trainee tax adviser look like? Caitlin Dolan is a trainee in our Private Client department and…

14th May 2021

Introducing Stevie Heafford, Tax Partner

Stevie recently joined our tax team and brings a wide range of tax experience, including in trusts and estates, personal and corporate tax matters .…

5th May 2021

HW Fisher announces four Partner appointments

HW Fisher, the top 30 audit and advisory firm has today announced the hire of four external Partners as it continues its recruitment drive to…

29th April 2021

Introducing Carol Rudge, Head of Not for Profit

Carol brings over two decades experience in charities and not-for-profit, she is a member of the Charity Commission’s SORP committee and has worked with many…

29th April 2021

The road to zero – are electric cars really leading the charge?

A decision many people postponed during the pandemic was buying a new car. Registrations for new cars fell to their lowest in almost 30 years…

28th April 2021

HW Fisher LLP advises Storskogen on debut UK acquisition

Storskogen, a Swedish privately owned company, has made its first acquisition in the UK, acquiring SGS Engineering – the leading e-commerce retailer of power tools…

22nd April 2021

Earth Day – Driving profit and purpose

While the hype around Earth Day could be seen as all noise and no action, there is a real opportunity to reflect and consider how…

21st April 2021

Ashtrom Properties UK’s £82 Million Acquisition Of No. 8 First Street

Ashtrom Properties UK acquired No. 8 First Street, a prime office development in Manchester – one of the largest single-asset transactions in Manchester for several years.…

20th April 2021

Bouncing back… at what cost?

Over 1.4 million businesses took out a Bounce Back Loan last year. The scheme, which closed to applications on 31 March 2021, was heralded as a lifeline to…

7th April 2021

HW Fisher appoints Carol Rudge as Head of Not for Profit

HW Fisher, the top 30 audit and advisory firm has bolstered its specialist Not for Profit team with the appointment of Carol Rudge as Head…

29th March 2021

Q&A with Muneeza Baig, Audit Partner

Muneeza Baig works with a range of clients across a variety of sectors, from grant making, membership, independent schools, arts, disability and religious organisations. Joining…

29th March 2021

The power of allyship – getting it wrong, learning from mistakes, and making change happen

Before we dive into this topic, we have to define what we mean by allyship – here is a formal definition: Allyship – the practice…

26th March 2021

Tax Day – what do you need to know

This week, the Government published more than 30 tax updates, consultations and documents in a move designed to strengthen policy making and modernise the UK’s…

18th March 2021

Insights to thrive in 2021 from leading business advisers: A conversation with Linda Plant and Simon Michaels

Linda Plant is well-known for her no-nonsense business counsel on BBC’s The Apprentice, as one of Lord Sugar’s trusted advisors in the interview stage. With…

9th March 2021

Celebrating International Women’s Day at HW Fisher

International Women’s Day is a global day celebrating the social, economic, cultural and political achievements of women, and also marks a call to action for…

3rd March 2021

Today’s budget: a short term recovery plan, but more detail to come… [UPDATED]

This Government has grappled with the largest deficit since World War Two and the need for a clear Covid recovery plan in this Budget. It…

2nd March 2021

HW Fisher announces four Partner promotions

HW Fisher, the top 30 audit and advisory firm has today announced the promotion of four new Partners to bolster its partnership team. As of…

23rd February 2021

March budget 2021 – how do you solve a problem like a £400bn deficit?

HW Fisher’s wishlist for the March 2021 Budget March 3rd will be the first post-Brexit Budget, but for obvious reasons, this fact has almost been…

18th February 2021

Q&A with Jie Su, Assistant Private Client Manager

Jie Su looks after a varied portfolio of clients in different sectors including authors and retail businesses. Originally from China, she settled in the UK…

5th February 2021

5 reasons why you should undertake a royalty audit

Head of Music Royalty Audits Robert Fowler discusses the complexities of royalty accounting and why a royalty audit could unlock additional revenue. Anyone that has…

29th January 2021

Q&A with Rafi Saville, Forensic Partner

Rafi Saville joined HW Fisher 24 years ago. He quickly rose through the ranks, becoming a partner after only 8 years and now leads the…

29th January 2021

Business Interruption Insurance: what does the Supreme Court’s judgment mean for businesses?

The landmark Business Interruption Insurance court case came to an end this month as the Supreme Court ruled in favour of small businesses forced to…

27th January 2021

No self-assessment late filing penalty for those who file online by 28 February

HMRC has this week announced there will be no late filing penalty for those who file their self-assessment tax returns online by 28 February, removing…

27th January 2021

New year, new finances – 3 reminders for authors going into 2021

It’s a new year and a renewed opportunity to catch up on your finances and ensure you are benefiting from all avenues of income open…

11th January 2021

HW Fisher provides due diligence for MagiClick’s acquisition of financial services specialist Dock9

MagiClick, a leading provider of digital technology and design capabilities with a strong presence across Turkey and the MENA region, announces its acquisition of Dock9…

8th January 2021

Brexit: What you need to know about the UK leaving the EU

After months of negotiations, the UK and European Union finally agreed a deal that will define their future relationship, which has come into effect as…

8th January 2021

Protecting your brand the supply-side way

If you or your company has a brand you have carefully built up over the years, the last thing you want is to lose control…

5th January 2021

Less than a month to go until self-assessment – avoid these common mistakes!

On the 5th of January 2021, HMRC confirmed 55% of Self-Assessment customers have already filed their return. We are urging those who still haven’t completed…

5th January 2021

The Chancellor must now prioritise solving the relationship between Landlords and Tenants

Commenting on the latest financial support measures announced by the Chancellor today, Russell Nathan, head of our Hospitality team says: “The latest support offered today…

4th January 2021

5 reasons why royalty audits are worth your time and money

Royalty audits are not a phenomenon that is too well known outside particular sectors of the economy but they are, in fact, hugely important to…

15th December 2020

Crisis Management in Charities

An unexpected crisis can dominate a charity and stagnate a charity’s activities. Knowing the essential steps in dealing with a crisis is important and can…

14th December 2020

Where there is a challenge, there is opportunity! Reflections on 2020

2020 has been a year unlike any other. It has been a challenge for all of us, in all walks of professional and private lives,…

11th December 2020

Taxation of SEISS grants: What you need to know

The extension of the Self-Employment Income Support Scheme (SEISS) has been welcomed by many and will support small businesses until the end of the tax…

11th December 2020

Heirs continue to be stung by inheritance tax

As the saying goes, there are only two things certain in life – death and taxes. The phrase comes to mind as the UK government…

8th December 2020

Future of hospitality – navigating prolonged uncertainty

It’s been a difficult year for our clients and friends in the hospitality industry. Businesses across the sector have had to push the boundaries of…

27th November 2020

Are you virtual Christmas party ready?

Some good festive news to end on this month. There was some speculation that HMRC would not give the green light for UK employers to take advantage…

26th November 2020

Q&A with Robert Fowler, Head of Music Audits – Forensic

This month saw Robert Fowler join the HW Fisher team to help expand our music royalty audit offering, a sector that has increased in demand…

26th November 2020

Spotlight on Business: Interview with Yugna Shah, founder of The Painted Peacock

It’s a tough time for small businesses, to find out more we spoke (virtually) to Yugna Shah, tax manager turned chocolatier to discuss how she…

25th November 2020

Accounting Implications of Covid-19 Support Under FRS102 [UPDATED]

With so many different loans and grants available to businesses during the Covid-19 pandemic there are many new challenges in how to account for the…

19th November 2020

Caution: CFOs of growing UK large businesses need to plan for a different relationship with HMRC

CFOs of large UK business approaching group turnover of £200m and/or net assets in excess of £2bn need to be preparing for a change in…

18th November 2020

Covid-19: Top 10 considerations when it comes to protecting your business against fraud

Covid-19 changed the way we work overnight. And as we rapidly pivoted to working from home, the pandemic also changed the environment for criminals to…

11th November 2020

More help on its way for the self-employed! The SEISS scheme explained.

Following the announcement of a second lockdown, the government have announced an extension of the self-employed income support scheme. This scheme received praise during the…

5th November 2020

Furlough scheme extended until March – reaction from HW Fisher

Commenting on the announcements made by The Chancellor on an extension to furlough today, Simon Michaels, partner at accountancy firm HW Fisher said: Businesses will…

5th November 2020

All change! (again) – an overview of changes to Government support packages

We have lost count of the number of changes and announcements from The Chancellor that have been made since March. With the support available in…

30th October 2020

Life after Furlough: what we want to see from Government

As the Furlough period comes to an end, businesses in the hospitality sector will be taking a long hard look at their future. Despite a…

29th October 2020

How to manage intellectual property ahead of Brexit

So far, the protection of EU intellectual property rights has continued to apply as normal in the UK, but this will not be the case…

29th October 2020

How your business can benefit from Kickstart

How can you and your employees benefit from the Kickstart scheme The Kickstart scheme was launched by the Government to ‘help young people into work…

29th October 2020

Countdown to Brexit: Top 6 tax issues businesses should be thinking about

BREXIT is fast approaching on 31st December 2020 and although a comprehensive trade deal may be agreed prior to that date, at this point in…

28th October 2020

How to avoid a last minute panic when filing your tax return

Ahead of the paper self-assessment deadline, 31st October 2020, HW Fisher share their advice to make sure you file on time and correctly. Confused about…

26th October 2020

The Chancellor’s latest support scheme – an FAQ

The latest Government measures come just weeks after the Chancellor’s Winter Economy Plan and Extension to the Job Support Scheme. With the support available in…

26th October 2020

Planning for a strong 2021 – strategies charities can put in place now

In the past few months, the pandemic has had a seismic impact on charities, and reinforced some of the wider challenges charities face. While dealing…

22nd October 2020

Chancellor’s revised measures: It’s a big ask for employers to fund a ‘redundant workforce’

Commenting on the revised measures announced by The Chancellor today, Simon Michaels, CEO of Business Solutions at accountancy firm HW Fisher said: “This is clearly…

16th October 2020

Financial due diligence – is it really necessary?

If you are considering making a business acquisition you will no doubt have considered the legal requirements in terms of negotiating a sale and purchase…

15th October 2020

Tier 2 lockdown measures catastrophic for the hospitality industry

Commenting on the Tier 2 restrictions announced today, Russell Nathan, head of hospitality, said: “The tier 2 lockdown measures announced today will be catastrophic for…

14th October 2020

Covid-19 Support Schemes come to an end – what happens next?

Two of the Covid-19 funding schemes introduced by government to support businesses are coming to an end, with claim deadlines approaching this month. The second…

14th October 2020

Job Support Scheme Extension – your questions answered

The new measures come just two weeks after the Chancellor’s Winter Economy Plan, where he announced the Job Support Scheme – billed at the time…

9th October 2020

The Chancellor’s local furlough scheme – initial reactions from HW Fisher

Commenting on the announcements made by The Chancellor on furlough changes today, Russell Nathan, head of hospitality at accountancy firm HW Fisher said: “It’s a…

25th September 2020

Manage your HMRC queries effectively using our Tax Investigation Service

Over the past few months, we have all faced a truly unprecedented situation. The global coronavirus pandemic has affected our families, our businesses, our communities…

24th September 2020

The Chancellor’s Winter Support Package – initial reactions from HW Fisher

Commenting on the announcements made by The Chancellor on a winter support package today, Simon Michaels, CEO of HW Fisher Business Solutions said: “It’s a…

24th September 2020

Can licence agreements in the gaming industry hold water?

Digital transformation in the gaming industry has only been accelerated by the coronavirus pandemic, with the global video game market now forecast to be worth…

24th September 2020

The reform of Capital Gains Tax

Capital Gains Tax (“CGT”) is a relative newcomer to the tax party, having been introduced to the UK in 1965, but it may be only…

24th September 2020

Untangling royalties in the gaming industry

Licensing and royalties in the gaming industry are complex, particularly with the accelerating trend towards digital gameplay and the rise of new platforms for distributing…