Latest News
The latest news from Hawsons Chartered Accountants
NHS pension tax causes doctors to cut hours
A report compiled by the Academy of Medical Royal Colleges (AoMRC) has shown that some NHS services are struggling to remain open as doctors cut their hours to avoid being taxed on their pensions. Doctors are often refusing additional work as the taxes on pensions can...
Investment in Lawtech almost triples in two years to £62m
Research conducted by Thomson Reuters and Legal Geek have found that in the past two years investment in the UK’s legal technology sector has nearly tripled as start-ups receive £61m in 2018. So far this year UK lawtech start-ups have received £62m, whereas in 2017...
Solicitors regulation authority raises concern about firms’ approach to anti-money laundering
The Solicitors Regulation Authority is going to be contacting thousands of firms in the coming weeks to ask them about the money laundering measures they have in place to combat the issue. The SRA will be conducting checks on 7,000 firms as there are fears that many...
Biggest challenge for care homes is to recruit and retain staff
According to global property adviser Knight Frank, staffing is still the most difficult challenge in terms of cost and recruitment. The ‘Care homes trading performance review – 2019’ has shown that there is a lot of difficulty in attracting qualified nurses and...
NHS buildings maintenance cost backlog rises to £6.5bn
New figures have discovered that as of April 2019 the NHS estimated cost to implement urgent repairs to “high risk” had increased by almost £60m in a year from £1.038bn to £1.095bn. (According to data from the Estates Returns Information Collection). Further...
Christmas Markets face extra challenges due to Brexit costs
City centres will soon be transformed with the arrival of Christmas markets. However, the unpredictability surrounding Brexit means these festive features have faced extra challenges this year. The organisers have shipped goods over early to the UK ahead of 31 October...
Making Tax Digital: HMRC softens digital link deadline
HMRC have said that a few businesses could qualify for an extension to their Making Tax Digital (MTD) for VAT soft landing period. Under current rules for VAT everything must be done digitally including transfers, exchanging data between software programs, and...
Are your users aware of the risk of Business Email Compromise?
Business email compromise cyber-attacks are very low tech which means they are common and you need to be aware of them. The attacker will be using social engineering more than hacking itself. The way it works is the cyber-criminal will spoof or even gain access to a...
The number of high street shoppers are declining
Analysts are reporting that the number of shoppers purchasing on the high street has declined by around 10% over the past year in some cities across the U.K. Unsurprisingly, the main reasons cited are the continuing rise of online shopping along with concerns over...
