Hawsons Corporate Finance had the pleasure of supporting Spawforths, a masterplanning and architectural consultancy based in Wakefield during their transition into employee ownership. The Wakefield-based company works on an array of development projects, spanning from...
Latest News
Date announced for 2024 Autumn Budget
Chancellor Rachel Reeves has announced that she will deliver her Autumn Budget on Wednesday 30th October. This will be Rachel Reeves’ first Budget as Chancellor. It should also provide an insight into what direction the new Labour government will take on tax policy....
Millions shifted into higher tax brackets
As tax thresholds remain unchanged, the number of taxpayers paying the additional rate will exceed 1 million for the first time. Tax revenue and increasing burden This year, HMRC is projected to collect £63.2 billion in income tax, contributing to a total of £272.6...
Drive business growth with management accounts
Looking to drive business growth? There are many types of business growth such as organic, strategic and mergers to name just a few. In this article, we explore how conducting regular management accounts can give business owners the financial information they need to...
HLB Communities Day 2024 – 7th June
Its HLB Communities Day! To show our support, we have setup a food bank collection in each of our three offices. We would like to thank all of our staff for donating so generously for such worthy causes.In our Sheffield office we collected food for the S6 FoodbankIn...
Why choose an accountancy career path?
Accounting is stereotypically believed to be dull and uninteresting, however, choosing a career path in accountancy or taxation is a great step toward a successful future. It is a rewarding and satisfying job for many reasons.Why should you choose a career path in...
What is inheritance tax?
What is inheritance tax? The government imposes inheritance tax on the estate of a deceased person before distributing the assets to their heirs. It calculates this tax based on the value of the person's estate (the assets they own individually) above a certain...
TMS Europe complete transition to an Employee Ownership Trust
Peter Wilmer and Jack Ware, members of the Hawsons Corporate Finance team, acted as lead advisors for TMS Europe Limited’s (“TMS”) transition into employee ownership. Ryan Fitzpatrick from Shakespeare Martineau LLP provided legal advice on the transaction. TMS Europe...
Inheritance Tax Planning Guide
Avoid the £10 Daily Penalty for Self-Assessment
£10 daily penalty for Self-Assessment starts on 1st May Starting from 1st May 2024, individuals who have yet to submit their overdue Self-Assessment tax return for the 2022-23 tax year will incur additional late filing penalties of £10 per day (capped at a total of...
What does an accountant do?
In the UK, Chartered Accountants play a crucial role in financial management for businesses and individuals alike. They are responsible for preparing and examining financial records, ensuring accuracy and compliance with relevant regulations. Chartered Accountants...
The tax year ends on 5th April each year, why is this?
Well you can blame the Romans, especially Julius Caesar and Europe. Back in 1582 the Pope Gregory X111 commanded the change from the Julian calendar as there was a problem. It ran for 30 or 31 days for 11 months and it was only February that had 28 days (29 every 4...