Last year the government launched the Generation Logistics campaign, which aims to improve recruitment and retention in the logistics sector. This year the government has made the decision to provide the campaign with another year of funding. This time the government...
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Rail emissions less than previously thought
In the fight against climate change, reducing carbon emissions has become a top priority. Transportation is a significant contributor to greenhouse gas emissions and reducing carbon emissions in this area will be key to achieving net zero. There has recently been some...
SRA Increase Spending on Disciplinary Processes
The Solicitors Regulation Authority (SRA) regulates solicitors in England and Wales. According to its latest annual report the SRA spent £16.5m on disciplinary processes in 2021/22, a £1.5m increase from 2019/20 (pre-covid). It should be noted that the SRA financial...
How does an employee ownership trust (EOT) work?
Basics of an EOT An EOT is a trust that acquires shares in a company which are then held on behalf of the employees. It is an increasingly popular exit strategy for shareholders which offers attractive tax incentives and peace of mind over the future of the business...
How long does an EOT take to set up?
How do I set up an employee ownership trust? Below is a typical timeline of events that would be required when transitioning to employee ownership. The exact timings of each stage differ from business to business, but based on previous transactions, it is not unusual...
Easing of tax rules for divorcing couples confirmed
New legislation easing the tax rules for divorcing couples has received Royal Assent. This confirms announcements made by the Chancellor in the Spring Budget 2023. The changes apply in relation to disposals of assets made on or after 6 April 2023. What were...
IASB publishes guidance on the effects of climate-related matters on financial statements for SMEs
On 16th May, the IASB published guidance regarding the effects of climate related matters on financial statements prepared in accordance with the IFRS for SMEs financial statements. Full guidance can be found here. The guidance contains examples of areas where...
Jack Parker promoted to Corporate Finance Manager
Hawsons are pleased to announce that on 1st July 2023 Jack Parker was promoted to Corporate Finance Manager. Jack qualified as a Chartered Accountant in 2019 having previously worked in audit for a Top 10 firm before joining Hawsons the same year as an Audit Senior....
Chris Bottomley promoted to Audit Manager
Hawsons are pleased to announce that on 1st July 2023, Chris Bottomley was promoted to Audit Manager. After graduating from the University of Sheffield in 2016, Chris joined Hawsons to train and qualify as a Chartered Accountant. During his time at Hawsons, Chris has...
Generation logistics receives another year of government funding
Last year the government launched the Generation Logistics campaign, which aims to improve recruitment and retention in the logistics sector. This year the government has made the decision to provide the campaign with another year of funding. This time the government...
Rail emissions less than previously thought
In the fight against climate change, reducing carbon emissions has become a top priority. Transportation is a significant contributor to greenhouse gas emissions and reducing carbon emissions in this area will be key to achieving net zero. There has recently been some...
SRA Increase Spending on Disciplinary Processes
The Solicitors Regulation Authority (SRA) regulates solicitors in England and Wales. According to its latest annual report the SRA spent £16.5m on disciplinary processes in 2021/22, a £1.5m increase from 2019/20 (pre-covid). It should be noted that the SRA financial...