Statutory Residence Test (SRT)
The rules regarding residency, previously based on outdated guidance and case law, were finally replaced by the Statutory Residence Test with effect from 6 April 2013. These aim to provide […]
Home- Insights
Insights
Starting up in business, what trading structure is right for you?
What are the most common trading structures? One of the first things to consider when starting out in business for the first time is the structure the business should take. […]
What will a no-deal Brexit mean for businesses who import personal data from the EEA?
It is important to note that although the UK has officially left the EU, at present personal data can still be freely transferred between the UK and the EU until […]
Job support scheme FAQs
These details reflect the chancellors changes to the scheme announce on the 22nd October 2020. This scheme will start from the 1st November as the Furlough scheme comes to an end […]
Forensic Accountants: pivotal role during the Pandemic
Understanding the need for forensic accountants The economic impact of Covid-19 has resulted in a significant increase in the volume of retailers and other business sectors feeling severe financial strain. […]
FCA Covid-19 business interruption test case: Policyholders must be aware as a result of extensive implications
The eagerly awaited judgment in the Covid-19 business interruption test case brought by the FCA was handed down by the High Court, on 15 September. The case examined the wording […]
HOUSE BUILDERS – DON’T PUT YOUR VAT REPAYMENT AT RISK
Any business using labour providers, or involved in a supply chain which uses labour providers, must ensure they have read and followed the due diligence guidance which HMRC have just […]
Women in Tax (WiT) and mental health in today’s world
Mental health has been something of increasing importance especially in the past 7 months with countries suddenly descending into lockdown and many finding themselves having to either work from home; […]
The business plan – what to do when it doesn’t go the way you want?
Has your Business plan with stood the test of the Covid pandemic? Covid-19 has created a huge amount of uncertainty, rendering even the best business plans obsolete. Owners are having […]
The Credit Awards 2020 Finalists
The Menzies Creditor Services team are thrilled to be named as finalists in two categories at the 2020 Credit Awards in the categories of: Corporate Restructuring & Insolvency Team of […]
The reliefs for jointly held property on divorce
The breakdown of a marriage/civil partnership is very rarely easy, and the most common disputes generally arise over a couples’ assets, specifically the family home. Tax is often overlooked on […]
Will Tech start-ups find investment for post pandemic growth surge?
Many Entrepreneurs in the tech sector are on edge after the Chancellors recent decision to announce a review of the Capital Gains Tax (CGT) regime, as many of these rely […]
Property developers: Winding up, Capital treatment and BADR
Lucy Mangan – Partner In April 2016 new anti-avoidance rules came into effect which could restrict capital treatment and therefore Business Asset Disposal Relief (BADR) (formally Entrepreneur’s Relief) being available […]
How to reduce the risk of insolvency in the new normal
How can I avoid insolvency? A question our business recovery team are frequently asked and, whilst there are a myriad of different ways depending upon the circumstances of the business, […]