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Budget 2017 – What it means for Construction & Real Estate

Posted on: April 21st, 2017 by James Dobson No Comments

The Spring Budget was relatively uneventful for those in the property and construction sector. That may come as a welcome relief to many, with previous budgets introducing increased tax liabilities to property investors in particular. (more…)

Common Reporting Standard – Implications for Charities

Posted on: April 19th, 2017 by Joanne Taylor No Comments

The Common Reporting Standard (CRS) came into force in January 2016. It is an information exchange regime aimed at international tax transparency. Under CRS, “financial institutions” are required to report information about their clients to their client’s domestic tax authorities, with the aim of preventing the use of offshore structures to avoid tax. (more…)

Law firms an “obvious target” for cybercriminals

Posted on: April 18th, 2017 by Luke Stevens No Comments

Cyber security is an increasingly widespread issue. Law firms are often an attractive target for criminal not just because they hold not only large sums of money but also client information.

Cybercrimes and scams include: (more…)

Top 12 Guides for Trustees

Posted on: April 12th, 2017 by Sarah Case No Comments

The Charity Commission have a comprehensive library of guidance accessible by all.

In the current climate Trustees would be advised to work their way through the guidance ensuring they properly understand their duties and obligations but also with a view to obtaining a wider understanding of the charity sector.

These are our top 12 guides that we would suggest issuing to Trustees over a 12 month period. The aim being to achieve stepped marginal improvements in Trustee expertise and knowledge over time.

CC guidance our top 12 guides to pass to trustees – one a month?

Download our guide today!

EU funding boost for Wales Tourism

Posted on: April 12th, 2017 by Mike Fenwick No Comments

It has been announced that more than £24 million will be available for the development and marketing of tourism through the Welsh Government Rural Communities – Rural Development Programme 2014-2020, which is funded by the European Agricultural Fund for Rural Development and Welsh Government. (more…)

Charity reserves: building financial resilience

Posted on: April 6th, 2017 by Sarah Case No Comments

Month four of our “keeping your charity on the right track” publication.

This month our publication “Keeping your charity on the right track” is looking at charity reserves. Who didn’t look at the financial position of the Kids Company in 2016 when it closed?  The charity had literally no reserves and yet each year it raised and spent millions of pounds, spending everything that came in in each financial period with no thought to keeping something in reserves for that rainy day. (more…)

Being a Good Trustee – How to be Top of the Class

Posted on: March 29th, 2017 by Claire Thompson No Comments

It is paramount that trustees as individuals, and the board as a whole evaluate if they are doing a good job, fulfilling their duties as trustees and  are the right fit for the board they have chosen to sit on.

A board can operate at an ineffective level without stopping a charity itself from operating, however a charity will run more efficiently and effectively if it has a board of trustees who are proactive, who challenge and most of all provide effective leadership and vision.

Before accepting a role as a trustee or if you are currently trustee you should consider the following: (more…)

Farmhouse Bed & Breakfast – Increased rent-a-room allowance

Posted on: March 29th, 2017 by Sarah Curzon No Comments

Running a Bed & Breakfast business from your farmhouse can introduce some diversified income into the family and make use of some unused bedrooms. Such an enterprise can also be tax-efficient. A farmhouse Bed & Breakfast business qualifies for the rent-a-room allowance, which has increased to £7,500 per annum from 6 April 2016. The allowance is halved if you share the income with your partner or someone else.

If you earn less than the threshold from your Bed & Breakfast lettings, the tax exemption is automatic and you do not need to do anything. (more…)

Budget 2017 – What it means for the Motor sector

Posted on: March 29th, 2017 by Matthew Thomas No Comments

Members of the MHA motor team have shared their views on the 2017 Budget announcements and how they will impact the sector.

Personal Allowances

The government recommitted to raising the personal allowance to £12,500 and the higher rate threshold to £50,000 by the end of the Parliament.

From April 2017 the personal allowance will rise to £11,500 (£11,000) and the higher rate threshold to £45,000 (£43,000).

Nigel Morris, Employment Tax Director said “This is some good news for employees and will help many households manage the impact of inflation and price rises on the high street.”

(more…)

‘Uncertainty’ and Article 50 – what do SMEs need out of Brexit?

Posted on: March 29th, 2017 by Seamus Gates No Comments

Seamus Gates, director of corporate finance at Broomfield & Alexander, takes a look at how Brexit needs to work for SMEs, as the UK prepares to officially leave the European Union.

 While much has changed since the UK public voted to leave the European Union last summer, one thing has remained the same – uncertainty. As political negotiations have gone back and forth, with the most recent resulting in the announcement that Article 50 will be formally invoked this week, many of our clients have voiced the same concern, that a lack of understanding of what Brexit will entail is disrupting their ability to plan a long-term strategy. Until this process is officially started this will remain the case, but there are several ways that our negotiators can ensure that our SMEs can get the “right deal”, as the Prime Minister put it. (more…)

Latest From The Blog


Budget 2017 – What it means for Construction & Real Estate

The Spring Budget was relatively uneventful for those in the property and construction sector. That may come as a welcome relief to many, with previous budgets introducing increased tax liabilities to property investors in particular. (more…)

Read more

Common Reporting Standard – Implications for Charities

The Common Reporting Standard (CRS) came into force in January 2016. It is an information exchange regime aimed at international tax transparency. Under CRS, “financial institutions” are required to report information about their clients to their client’s domestic tax authorities, with the aim of preventing the use of offshore structures to avoid tax. (more…)

Read more