Leasing is very common and is often used as a financing solution to access buildings and equipment without suffering large up-front cash outflows. Most of a company’s operating leases to date tended not to be shown on the balance sheet. Going forward the introduction...
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Changes to business risk reviews for large Businesses
Hawsons have worked with many Large Businesses and International groups over the years so that they can introduce the appropriate systems and procedures and achieve “low Risk status” with HMRC. Part of this process has been to liaise between the Businesses and HMRC to...
new anti-money laundering regulations set to hit charities
New anti-money laundering regulations set to hit many charities It has been reported that a large number of charities could face administrative bureaucracy from the government as they bring in new anti-money laundering regulations. The Fifth Money Laundering Directive...
Criminal Defense Touting
The SRA (Solicitors Regulation Authority) remain concerned over the reluctance by some to report criminal defence touting. Only one formal complaint has been made to the SRA about a solicitor touting in this area. The code of conduct states that solicitors are banned...
No deal Brexit to hit Small Businesses
No deal Brexit will hit Small Businesses and Amazon Retailers In the event of a no deal Brexit small and medium sized firms (SME) and Amazon retailers will be especially vulnerable. CBI (Confederation of British Industry) say 40% of SMEs that trade internationally do...
Housing experts predict Brexit would cause house prices drop
Housing experts predict Brexit would cause house prices to fall A poll conducted by Reuters has found that housing experts predict that Britain’s property market will suffer with average prices dropping by around 3% nationally if we leave the EU without a deal. 85% of...
Charity tax improvements to increase charity donations?
Charity tax improvements might unlock more people giving to charity According to a new report from the Charity Tax Commission led by the former chairman of the Inland Revenue (Sir Nicholas Montagu), tax reliefs offered to UK charities are in urgent need of an...
Charities warned to prepare for no-deal Brexit
Charities warned to prepare for no-deal Brexit The National Council for Voluntary Organisations (NVCO) are urging the new minister for civil society to make sure charities are not ignored and receive the funding they need to prepare for a no-deal Brexit. After the...
Domestic reserve charge to be delayed
Domestic reserve charge for construction to be delayed The domestic reserve charge was supposed to come into action on 1 October 2019. However, representatives from the construction industry have raised concerns that some companies are not ready for the changes....
IFRS 16 leases rules have changed 1 January 2019
Leasing is very common and is often used as a financing solution to access buildings and equipment without suffering large up-front cash outflows. Most of a company’s operating leases to date tended not to be shown on the balance sheet. Going forward the introduction...
Changes to business risk reviews for large Businesses
Hawsons have worked with many Large Businesses and International groups over the years so that they can introduce the appropriate systems and procedures and achieve “low Risk status” with HMRC. Part of this process has been to liaise between the Businesses and HMRC to...
new anti-money laundering regulations set to hit charities
New anti-money laundering regulations set to hit many charities It has been reported that a large number of charities could face administrative bureaucracy from the government as they bring in new anti-money laundering regulations. The Fifth Money Laundering Directive...