Hawsons lead in the sale of Dr Anderson Lodge Care Home

Hawsons lead in the sale of Dr Anderson Lodge Care Home

Hawsons Lead in sale of Care Home

Hawsons Chartered Accountants are pleased to announce that they have completed the sale of Dr Anderson Lodge care home in Doncaster. The home provides elderly nursing and dementia care to 60 service users.

Hawsons have a dedicated team of specialist healthcare accountants and tax advisors who offer a wealth of experience in the sector including residential homes, nursing homes and other specialist care services.

Care sector specialist Scott Sanderson of Hawsons Chartered Accountants commented: “We are delighted to have been lead advisors on the sale of Dr Anderson Lodge on behalf of our client Lakhan Kandola of Platinum Care Homes Limited. The deal was supported by an experienced team of advisors in the sector which is critical to ensuring that the sales process is handled in the most efficient and professional manner for all parties involved.

 Alison Willoughby of nationally recognised healthcare agents, DC Care, facilitated the sale with legal advice to the vendor being provided by Rory Conwill of Keebles LLP.

New owners, Serenity One Limited, have an experienced management team and we look forward to working with them as new clients of the firm in the future. We are confident that the new owners will continue to deliver an exceptional standard of care to the residents of Dr Anderson Lodge and we wish them all the best for the future.”

Rory Conwill, who is a member of the dedicated healthcare team at Keebles LLP, added: “We were pleased to provide legal advice on the deal, applying our extensive expertise of the healthcare sector to this transaction. We wish the home continued success under its new ownership.”

DC  Care’s, Alison Willoughby, commented: “I was delighted to collaborate on this transaction with Hawsons.  Creating a dedicated team around our clients, with financial and legal advice being provided as early as possible, helps to ensure a sale has the best possible chance of success.  I would definitely recommend Hawsons to any clients wanting specific healthcare financial advice and support.”

To find out more about how Hawsons can help your care home, please contact one of our specialists on 0114 266 7141 or visit: https://www.hawsons.co.uk/care-home-accountants/  

More from our care sector experts

You can also find all of our latest care sector news and newsletters here.

If you are looking for advice in a particular area, please get in touch with your usual Hawsons contact.

Alternatively, we offer all new clients a free initial meeting to have a discussion about their own personal circumstances – find out more or book your free initial meeting here. We have offices in Sheffield, Doncaster and Northampton.

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HMRC reminder to employees to claim their tax deductible expenses

HMRC reminder to employees to claim their tax deductible expenses

HMRC reminder to employees to claim their tax deductible expenses 

HMRC is reminding employees that they may be able to claim a tax rebate on their work related expenses. HMRC estimate that millions of employees, particularly those working in the service industry, could be entitled to a tax refund. Workers, including nurses, hairdressers, construction workers and those working in retail and food sectors, may be able to claim tax rebates.

Individuals in these types of roles sometimes have to pay for work-related expenses including car mileage, replacing or repairing small tools, or maintaining branded uniforms.

Where these types of expenses are incurred, employees may be entitled to claim a tax refund. HMRC is advising individuals to go directly to GOV.UK to check if they can claim extra cash back. HMRC advise taxpayers to log in to their Personal Tax Account to claim their tax relief online and that approved claims should be refunded within three weeks.

Financial Secretary to the Treasury, Mel Stride MP, said: “We know what a difference tax relief can make to hard-working customers, especially at this time of year. HMRC is keen to make sure customers get all the relief they’re entitled to, by using the online service. Tax relief isn’t available for all employment expenses, so the online Check If You Can Claim tool is very helpful – then if your claim is approved, your full tax relief will be paid directly into your bank account”

The majority of claims are for repairing or replacing tools and branded uniforms, professional subscriptions and mileage. Healthcare workers, people working in food and retail, and those in the construction industry are among the top professions to claim from HMRC.

HMRC is advising that taxpayers may be able to claim tax relief on the cost of:

  • repairing or replacing small tools needed to do their job (for example, scissors or an electric drill)
  • cleaning, repairing or replacing specialist clothing (for example, a branded uniform or safety boots)
  • business mileage (not commuting)
  • travel and overnight expenses
  • professional fees and subscriptions.

Internet link: GOV.UK news

How will Brexit affect the rail supply sector?

How will Brexit affect the rail supply sector?

How will Brexit affect the rail supply sector?

The rail supply sector is a significant contributor to the UK economy worth around £36 billion each year to our national P&L account.

With around 600,000 people being employed in the sector, a tax yield to the Treasury in the region of £11billion a year, and generating an estimated £800 million per annum in exports it is a key part of what we do as a nation.

On top of this, the rail network is a crucial part of our national infrastructure. It facilitates the movements of goods and people around the UK (and to /from the continent via the Channel Tunnel), and despite the operating issues that manifested themselves last May, the ability to do this in an efficient and timely basis is key to the country’s economic prospects.

The current uncertain picture surrounding Brexit raises some key challenges and opportunities for the rail supply sector which were highlighted in an interesting recent article by Damian Testa of the Rail Industry Association published in Rail Magazine last month. The main points raised are outlined below:

Challenges

Smooth cross border trade must continue.

The rail sector is a key customer and supplier to many other industrial sectors both within and outside of the EU. It is crucial that access to these markets is maintained in a post Brexit landscape. Additionally, it is important that any new Customs requirements are as user friendly as possible following withdrawal from the EU Customs Union to keep the administrative and cost burdens on business within the sector to a minimum.

Access to a skilled workforce must be maintained

Around 20% of the workforce within the rail sector are of wider EU origin. The potential loss of these workers, along with an already ageing worker profile in the sector could see a skills gap emerge leading to delays and cancellation of projects, and cost increases associated with a scarcer supply of skilled labour.

There needs to be measures put in place to attract and train more UK workers for the sector.

Clear and consistent application of railway standards must be kept

The technical standards applied throughout the rail sector are EU based standards. This allows products made in the UK to be used throughout the EU – A great aid for exports, economies of scale in the production and delivery process, and overall competitiveness of the sector.

These could all be threatened if the UK stopped recognising these EU based standards post Brexit.

In addition, if EU based standards were dropped and UK became an island of non-standardisation it could prove to be a disincentive to investment from overseas as manufacturers may need to establish separate product lines solely for the UK market.

The Government’s current proposal to no longer have a formal relationship with the European Rail Agency is of concern to the sector as the ability to influence the development of international operating standards is seen as key to maintaining access to global rail markets.

Opportunities
The role of trade agreements post Brexit

The ability for businesses with the rail supply sector to trade and operate within European and wider international markets on a competitive basis is crucial to the future health of the sector.

The prospect of the UK being able to take control of its own trade policies and agreements gives an opportunity for the UK Government to enter into dialogue with key overseas markets so that agreements can be reached as early as possible.

Call for action
Clarity in these areas ASAP

Uncertainty acts as a check to business confidence and investment plans. Therefore early clarity in these keys areas of challenge and opportunity is required so that the rail supply sector can continue and grow its already valuable contribution to the wider UK economy.

The full article can be found in Issue 868 of Rail Magazine.

Paul Wormald, partner at Hawsons Chartered Accountants commented: “The current uncertainty surrounding what the post- Brexit landscape looks like is a concern for businesses generally. Damian’s article brings into focus the key challenges and opportunities for the rail supply sector. Based on feedback from the RIA’s members, it highlights what is keeping those running businesses in this sector awake at night.”

More from our transport and logistics experts

You can find all of our latest transport and logistics sector news and newsletters here.

If you are looking for advice in a particular area, please get in touch with your usual Hawsons contact.

Alternatively, we offer all new clients a free initial meeting to have a discussion about their own personal circumstances – find out more or book your free initial meeting here. We have offices in Sheffield, Doncaster and Northampton.

Self assessment deadline approaching

Self assessment deadline approaching

The deadline for submitting your 2017/18 self-assessment return is 31 January 2019.

The deadline applies to taxpayers who need to complete a tax return and make direct payments to HMRC in respect of their income tax, Classes 2 and 4 National Insurance Contributions (NIC), capital gains tax and High Income Child Benefit Charge liabilities.

There is a penalty of £100 if a taxpayer’s return is not submitted on time, even if there is no tax due or the return shows that they are due a tax refund. But this rises to £900 after three months with extra daily penalties £10.

The balance of any outstanding income tax, Classes 2 and 4 NIC, capital gains tax and High Income Child Benefit Charge for the year ended 5th April 2018 is also due for payment by 31 January 2019. Where the payment is made late interest will be charged.

The first payment on account for 2018/19 in respect of income tax and any Class 4 NIC or High Income Child Benefit Charge is also due for payment by 31st January 2019.

HMRC revealed that more than 2,600 taxpayers filed their return on Christmas Day. If you would like help with your return or agreeing your tax liability please contact us.

For more information on this visit:  GOV.UK self assessment