Helping the Retail Industry Keep Up-to-Date and Make Well-Informed Decisions for the Future Partner: Ross Fabian Client: European distributor for a sports footwear brand Advising on: Coronavirus Business Interruption Loan Scheme and Coronavirus Job Retention Scheme During the last two weeks, the global pandemic has escalated into a financial crisis in the UK, as businesses […]
20 April 2020 The Government’s Coronavirus Large Business Interruption Loan Scheme (CLBILS) launched officially on 20 April 2020. Originally announced by the Chancellor on 2 April, further details were released on 17 April expanding the loans to cover all viable firms. It aims to provide finance to UK mid-cap and larger enterprises during the Covid-19 […]
In the current circumstances we know a lot of charities are having to change the way they operate to ensure fundraising and funding can continue. In response to this, Chancellor Rishi Sunak has announced a UK-wide £750m package to support charities during the coronavirus pandemic. The measures involve cash grants for charities providing key services […]
The uncertainty surrounding Covid-19 has huge implications on financial reporting. All company directors have a responsibility to prepare financial statements that give a true and fair view of the state of affairs of the company and of the profit or loss for the period. However, the implications of Covid-19 can make this very complex. Difficulties […]
Preparing to Keep a Healthcare Company Afloat in the Absence of Patients Partner: Joel Courts Client: Dental sector Advising on: Coronavirus Business Interruption Loan Scheme and Coronavirus Job Retention Scheme My client is in the medical/dental sector and was forced to stop seeing patients due to government advice. When we discussed what the options were, […]
You can use this scheme if you’re self-employed as an individual or in a partnership and have lost income because of coronavirus. You can apply as long as your 2018/19 self-assessment tax return has been submitted by 23 April 2020. You also need to have continued your professional acting activities in 2019/20, to still be […]
You can use this scheme if you’re self-employed as an individual or in a partnership and have lost income because of coronavirus. You can apply as long as your 2018/19 self-assessment tax return has been submitted by 23 April 2020. You also need to have continued your activities as a professional musician in 2019/20, to […]
Over the past few weeks, the UK Government has announced a host of packages to support individuals and businesses through the impacts felt by the coronavirus outbreak. We recently hosted a series of free webinars for SMEs, the self-employed and charities, advising on what the Government is offering and how clients can access it if […]
Who is eligible for the support? Despite the Chancellor’s saying that the package for the self-employed provides parity with employees, there are some very material differences. The first is the scope of eligibility. There appears to be no support at all for anyone with an income in excess of per annum. To be eligible for […]
On 20 March 2020 the UK Government announced temporary changes to the VAT system, as part of a package of measures in response to the ongoing COVID-19 outbreak. The main points are as follows: The deferral of most VAT payments due between 20 March and 30 June 2020; This therefore includes the VAT Return payments […]
19th March 2020 The Government has issued COVID-19 guidance for employers and small businesses. The guidance assists employers with issues facing the health and wellbeing of employees as well as informing them of certifying absences from work. Directors who have to temporarily close their business due to COVID-19 may be able to access support in […]
19th March 2020 The Government has issued COVID-19 guidance for employers and small businesses. The guidance assists employers with issues facing the health and wellbeing of employees as well as informing them of certifying absences from work. The Chancellor has set out a package of temporary, timely and targeted measures to support public services, people […]
23rd March 2020 The Government announced in the Budget on 11th March 2020 that Small and Medium sized companies (with turnover up to million) would be able to access the “Coronavirus Business Interruption Loan Scheme”, from the week commencing 23 March 2020. The scheme has seen a number of updates since it was announced, and […]
Chancellor Rishi Sunak delivered his first Budget in the House of Commons yesterday, where he announced the government’s tax and spending plans for the year ahead. The Private Client team have provided comment on some of the reforms that will impact our clients most. Entrepreneurs’ relief This change to entrepreneurs relief is as good as […]
Ahead of the budget next week, top 25 accountancy firm HW Fisher outlines three areas of focus for the Government. HW Fisher explains why the government must provide organisations with clarity over the impending IR35 regulation, urges the Chancellor to think about the UK’s small businesses and avoid any moves that will stifle entrepreneurship. HW […]
Just got engaged on Valentine’s Day? Along with the ring and the champagne there may be one other not so romantic thing you need to think about. Gone are the days when pre-nuptial agreements (or pre-nups) were just the domain of the rich and famous – more and more millennials are seeing the benefit of […]
While it looks like we are moving towards a cashless society, currency redesigns can still have a huge impact on businesses. It’s essential to be prepared and work with organisations that have proven expertise and knowledge of currency changes. With the right technology and the right training, businesses can be ready to accept the changes […]
Ahead of the online self-assessment deadline, 31st January 2020, HW Fisher share their advice to make sure you file on time and correctly. Jamie Morrison, head of private client at HW Fisher explains: “More and more people are filing their tax returns online, especially given the government’s digital plans. The deadline is a Friday this […]
HW Fisher have advised Colorado-based manufacturer of premium fly-fishing products, Mayfly Outdoors, on its acquisition of Airflo, a UK-based fly line manufacturer. As this was the company’s first UK deal, HW Fisher offered expertise and advice on British tax rules and performed due diligence on the acquisition, as the UK was previously unknown territory […]
While tax incentives have always been on offer for companies to purchase electric, hybrid and low emission cars, recent changes announced by the Treasury have meant that there are now significant savings on offer for such purchases. We have put together the below guide on how to make the most of the tax advantages available […]
Historically, there has been a divide between the individual activists drawing attention to the climate crisis and the investors who “pledge” to tackle it. As we enter what the UN has penned the “decade of delivery”, a bridge is starting to build between investors and activists. The participants involved in the climate change conversation have […]
HW Fisher, the top 25 accountancy firm, announces today its partnership with Funding Xchange, the leading small business funding marketplace. As a result of this collaboration, small to medium sized enterprises (SMEs) working with HW Fisher will now have quicker access to a wide range of debt funders on the Funding Xchange marketplace. The Funding […]
The new Solicitors’ Account Rules (SAR) come into effect in just over 10 days’ time, on 25 November 2019, and these will have to be applied from that date. Although the number of rules has been drastically cut down from 53 to 13, it is important for solicitor practices to understand how the new rules […]
Top chartered accountancy firm, HW Fisher, have announced the expansion of their Forensic Accounting & Royalty Audit practice with a new division, Contract Compliance. Led by Director, Milan Vranic, the Contract Compliance team works with companies to identify opportunities for financial recovery, often resulting from non-compliance by suppliers with contractual obligations, while also highlighting process […]
Here are our top tips if you are considering selling your business and what you can expect from the sales process. 1. Is selling the right option? First of all, consider whether a sale is the right path for you and your company to take. Commencing the sales process is a big commitment, so reflect […]
With the launch of the new series of Dragons’ Den we thought we’d tackle one of the key mistakes that so many of the entrepreneurs make – over valuing their business. Business valuation is not an easy task and involves many assumptions and variables, but to help you get started here are our 5 top […]
30 May 2019, London – Top 25 chartered accountancy practice, HW Fisher, has expanded its audit division with the appointment of Darshna Choudhury and Paul Clark as partners. Darshna and Paul both joined HW Fisher as graduate trainees and will be instrumental in developing the firm’s audit and assurance services. Darshna has already built a […]
For the licensor, holograms help to protect brand integrity by distinguishing between approved products and counterfeits – acting as a form of quality control. Licensees are expected to purchase carefully designed holograms from a preferred supplier and incorporate into the packing or labelling of any branded item they produce. Simultaneously, holograms also allow licensors to […]
If you’re a big global brand like, for example, David Beckham, you will be able to sell millions of pounds worth of fashion items like sunglasses and aftershave all around the world. The only problem is that Beckham is a footballer and he can’t make cool looking shades or exquisite fragrances. This is where the […]
1. If you’re using a car for business purposes, it’s important to keep a log of business miles. If this isn’t possible all the time, it’s a good idea to keep a record for a representative period of three or four typical months to make an overall calculation from.
I’m a journalist on a casual contract and an artist – should I remain on PAYE or become self-employed?
Identifying and dealing correctly with a potential conflict of interest within your charity is fundamental to its continuing operation and fundraising ability. It is vital that charity trustees have a clear understanding of the basic definitions of conflicts of interest and why they matter, particularly at a time of declining public trust in charities.
If you can start the new tax year off by saving you will have more flexibility to look around and ask yourself whether certain savings strategies are right for you, instead of just using up an allowance because it will be lost. You will be making a conscious decision to become a proactive investor rather than reacting to an impending deadline.
20 March 2019, London – Top 25 chartered accountancy firm, HW Fisher, has advised The Fattal Hotel Group on accounting aspects for its acquisition of the long term lease of four former Grange Hotels in London, marking the Group’s first entry into the central London market.
Chancellor Philip Hammond’s second Spring Statement was delivered against a backdrop of political turmoil, following the voting down of Prime Minister Theresa May’s Brexit withdrawal deal.
How well prepared for Brexit are you? Probably not very if you’re being honest with yourself. Last month the Federation of Small Business (FSB), warned confidence among small to medium sized enterprises (SME) was at its lowest level since 2011.
In times of political and economic uncertainty, it is more important than ever for businesses to consider the scope for tax savings in order to help their cash-flow.
Here are our top tips if you’re considering selling your business and what you can expect from the sale process.
When bosses at the top four audit firms were asked by Parliament last week whether they were happy with the quality of the audits they were performing, only one could bring himself to say yes.
The official insolvency figures for the fourth quarter of 2018 were released on 28th January 2019. Brian Johnson, business recovery and insolvency partner here at HW Fisher comments.
If you’ve woken up in the middle of the night in a cold sweat worrying about how you are going to pay the wages for your loyal staff then read on.
Brian Johnson, business recovery and insolvency partner at HW Fisher assesses the impact of the Chancellor’s announcement that HMRC will become a preferred creditor in insolvency cases from 2020.
Chancellor Philip Hammond has delivered his second Autumn Budget, exactly five months before Britain is due to leave the European Union.
Ahead of the Budget next week, two of our partners here at HW Fisher, Tim Walford-Fitzgerald and Toby Ryland consider what the Budget might hold.
The first stage of the Government’s Making Tax Digital (MTD) programme is being introduced in April 2019.
Chancellor Philip Hammond has presented his first Spring Statement, with something of a spring in his step.
Pension fraud is on the rise. So what can you do to protect yourself and others from falling victim to a scammer?
When a large company like Carillion becomes insolvent the impact on its supply chain can be devastating, and will leave many suppliers wondering what to do if a major customer becomes insolvent.
It’s nearly that time of year again: the dreaded self-assessment tax deadline falls in little over a month and more than 10 million of us need to file a return.
HW Fisher & Company has successfully brokered the sale of the football news site Squawka to the global media firm Catena.
Philip Hammond’s second Budget as Chancellor has the unique distinction of being the second Budget to be delivered in one year.
Chancellor Phillip Hammond takes to the Despatch Box in November to deliver his second Budget of 2017.
It’s the stuff of economic nightmares, but this week’s interest rate rise brought it a step closer to reality.
In November HW Fisher & Company assembled a panel of leading thinkers from the worlds of business, politics and journalism to assess the impact Brexit has had – and will have – on British business.
A clear majority of business leaders are worried – but increasingly fatalistic – about Brexit, according to our new analysis.
Like it or not, Brexit is beginning and the effects are impacting businesses in the UK. But, while we are starting to see the fallout, many questions remain unanswered. And one of these questions involves corporation tax.
You’ve decided to branch out on your own. Your business plan is solid and you’ve chosen how to trade. You’ve sorted your bank account, insurance is covered and you’ve registered with HMRC.
Ross Fabian, partner at accountancy firm HW Fisher, explains why we shouldn’t worry about Brexit – the UK tech industry is strong enough to stand on its own two feet.
If you’re ready to go it alone in the financial services sector, you’ll understand the need for a comprehensive business plan backed up by incisive and diligent accounting. The ultimate goal is to pursue opportunity while balancing the demands of process and regulation. And wherever possible you’ll want to make the rules work for you.
Financial firms are outsourcing an increasing variety of tasks, from IT and fintech to lead generation and customer relationship management, back-office functions, and accounting.
These days, you don’t have to be hugely wealthy to be affected by Inheritance Tax (IHT). House prices have risen steadily over the years, meaning that more and more families are finding themselves drawn into the net.
For the average person, the sums reported in the annual publication of the Sunday Times Rich List are beyond imagination.
Now that Theresa May has triggered Article 50, the UK looks set to enter a lengthy period of debate and speculation as to what the future might hold for the economy and international trade.
HW Fisher & Company has promoted five existing staff to partner and appointed Ross Fabian as an audit partner within their corporate team as part of an ambitious growth strategy.
In the wake of some very public third sector scandals there have understandably been calls for reforms in the way charities operate and the information they publish.
Short answer: no one really knows. Brexit remains a moving feast and we won’t have all the answers for some time. But the financial sector is used to dealing with complexities – it’s all about asking the right questions in order to prepare for (and even profit from) any eventuality.
The City is no stranger to legislation. The financial sector is one of the most heavily regulated in the world. And it never stands still.
Is your financial firm missing out on margin opportunities? Following our previous quick guide to meeting your tax obligations, we highlight some of the key tax and accounting considerations to prepare for and manage plus tips to maximise efficiencies.
From April 6th 2017 a host of tax-free employee benefits are to be restricted.
Most people are aware of their general tax obligations. Especially those who work in financial services. But good intentions don’t file returns. Equally, conscientiousness alone can easily miss out on margin efficiencies.
Thousands of UK households around the UK are now made up of blended families, often comprising children belonging to different partners, grown-up offspring, new babies, aunties, uncles and multiple sets of grandparents.
It seems it’s never too early to start introducing children to the concept of money management, helping them develop good financial habits that will stand them in good stead for the rest of their lives. Although learning about money is now part of the National Curriculum for secondary schools in England, it isn’t specifically included […]
Disputes may be seen as an inevitable part of doing business, but many small firms are struggling as they don’t have the time or resources needed to deal with them effectively.
Over the last decade, huge strides have been made in reforming apprenticeships and making them fit for purpose. The government sees them as a vital tool in tackling the growing skills gap that has been increasingly apparent in many sectors of the economy for some time.
With international trade firmly at the centre of the UK’s exit negotiations with the EU, the old slogan “export or die” is taking on renewed meaning and greater urgency.
For SMEs, this is the perfect time of the year to set some best-practice objectives that will help make 2017 prosperous and profitable.
As many small and medium-sized businesses know only too well, large companies can often take far longer than they should to pay them for goods or services supplied, causing continual cashflow headaches.
It’s that time of the year again. The post-Christmas period can be a good opportunity to take stock of your finances and make some simple and achievable resolutions with a view to making them a reality in 2017.
With house prices rising steadily over the last few years and interest rates remaining low, many investors opted to put their money into property and become buy-to-let landlords. The generous mortgage tax relief on offer made the proposition even more attractive.
With worldwide cybercrime continuing to make the news headlines, and a recent spate of allegations levelled at countries like Russia and China, the government has pledged £1.9 billion over the next five years in a new cyber defence plan, called the National Cyber Security Strategy.
With so many of our daily tasks routinely conducted over the internet, it’s hardly surprising that statistics from HM Revenue & Customs (HMRC) show that nine out of every ten tax returns are now submitted online, and that for the 2015 tax year, only 11% of the 10.39 million tax returns filed were made in paper form.
In what was to be his first and last Autumn Statement the Chancellor, Philip Hammond, began by striking an upbeat note, announcing that the UK’s economy will be the fastest-growing major economy in the world.
The High Court ruling that MPs must give their go-ahead before Article 50 of the Lisbon Treaty can be triggered has thrown an enormous spanner in the works.
In August the Treasury confirmed that the UK inheritance tax (IHT) advantages enjoyed by non-UK domiciled owners of UK residential property will end, as planned, in April 2017.
By 2020, the government plans to introduce a digital tax system for all UK taxpayers.
The process of Brexit will be neither quick nor easy, with even the Chancellor warning that British businesses face a “rollercoaster.” Corporate tax partner Toby Ryland charts the potential ups and downs that lie ahead.
The announcement that Donald Trump would be taking up residence in the White House from January was met with loud gasps of disbelief from around the world, in a scenario reminiscent of the morning after the UK voted to leave the EU.
At the Conservative Party Conference, Theresa May pledged her government to improve the state of the UK’s broadband remarking that “half of people living in rural areas, and so many small businesses can’t get a decent broadband connection”.