Chancellor Jeremy Hunt unveiled significant property taxes changes in his Budget statement, aimed at stimulating the market. He announced both a capital gains tax cut and the abolition of tax relief on holiday lets. The higher capital gains tax (CGT) rate on residential property, currently at 28 per cent, will be reduced to 24 per […]
The grandson of Douglas Nelson, one of WNJ’s three founding partners, is looking to forge a career in accountancy with the practice his grandfather helped to create. Henry Nelson, 19, joined WNJ in September as a trainee accountant on the practice’s apprenticeship scheme. And he is delighted to be renewing the family ties that stretch […]
Small businesses are looking to the chancellor’s approaching Autumn Statement for measures to help them in their struggles. The Bank of England’s September decision to hold the interest base rate at 5.25 per cent has been welcomed as ‘breathing space’ for small firms. However, the Federation of Small Businesses (FSB) believes the chancellor now needs […]
The Information Commissioner’s Office (ICO) is warning organisations to use alternatives to the blind carbon copy (BCC) email function when sending sensitive personal information. The alert follows a catalogue of business blunders and comes as the ICO publishes new guidance to help organisations understand the law and good practice around protecting personal information when sending […]
Businesses and individual taxpayers will have to provide more information to HMRC in the coming years. The Institute of Chartered Accountants in England and Wales (ICAEW) says draft legislation released earlier this month indicates that additional requirements for information will be introduced over the next few years. HMRC argues that this will help it to […]
More than 200 employers have been publically named and shamed by the government for failing to pay their lowest paid staff the minimum wage. They were found to have failed to pay their workers almost £5million in a clear breach of National Minimum Wage law, leaving around 63,000 workers out of pocket. The companies range […]
A belated 60th birthday celebration for architecture, design and masterplanning practice FWP Ltd saw more than 80 guests enjoy spring sunshine and hospitality at a garden party held at its Preston head office. The business had to postpone its original milestone anniversary plans in 2020 because of the Covid-19 pandemic. However, the 60th anniversary of […]
Despite the difficult economic landscape and stiffening headwinds, mergers and acquisitions (M&A) in 2022 involving UK manufacturers hit its highest level since 2016, according to a recent report. It revealed that 1,344 manufacturing businesses were the target of M&A activity in 2022. This compares to 1,285 in 2021 and 1,231 in 2020. The study also […]
Tens of thousands of innovative small firms are set to scale back investment if the government presses ahead with plans to slash R&D tax support for SMEs. That is according to new research carried out by the Federation of Small Businesses (FSB), the UK’s largest business group. It is urging the government to change course […]
WNJ has further strengthened its team with the appointment of Mike Faulkner to the role of Tax Advisor. Mike, who has Association of Tax Technicians (ATT) qualifications, brings with him a wealth of experience as a consultant in tax matters, and is relishing his new post. He said: “When it comes to taxes there are […]
