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McBrides Blog

30 September deadline looming for those affected by Loan Charge legislation image

30 September deadline looming for those affected by Loan Charge legislation

23rd September 2019

In February this year, we published a blog highlighting this legislation, which is aimed at individuals who had participated in so-called Disguised Remuneration...

McBrides Legal Services Research - Introduction image

McBrides Legal Services Research - Introduction

25th July 2019

It’s not over-stating matters to say that the UK has experienced a period of political and economic uncertainty over the last three years.  With this...

McBrides Legal Services Research - Brexit round table image

McBrides Legal Services Research - Brexit round table

25th July 2019

Brexit no deal, cancel Brexit, another referendum, further negotiation… does anyone have a clear idea of what’s to come? Business uncertainty can sometimes...

McBrides Legal Services Research - Government advice regarding 'no deal' image

McBrides Legal Services Research - Government advice regarding 'no deal'

25th July 2019

If the UK leaves the EU with ‘no deal’ we will cease to be a part of the EU’s civil judicial cooperation framework. The government has published...

McBrides Legal Services Research - Under pressure image

McBrides Legal Services Research - Under pressure

25th July 2019

All businesses face pressures from time to time, but are there current specific pressures that are universally affecting the legal services sector? Our research...

McBrides Legal Services Research - Reasons to be cheerful image

McBrides Legal Services Research - Reasons to be cheerful

25th July 2019

The panel in our research highlighted significant growth areas in employment law and private client work, such as wills, tax planning and power of attorney. Anecdotally,...

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Kimbers conquer Hadrian's Wall

23rd July 2019

Over a week in May, partner Nigel Kimber along with four family members walked the 70mile stretch of Hadrian’s Wall west to east from Bowness on Solway to...

Free Xero drop-in sessions image

Free Xero drop-in sessions

23rd July 2019

With many clients realising the benefits of cloud accounting, we’re introducing monthly Xero surgeries for clients who have questions about the technology...

We've made the list! image

We've made the list!

23rd July 2019

We’re delighted to become part of the UK Investment Support Directory. The smart new digital tool makes it easier for foreign investors to connect to private...

Spot checks on pensions image

Spot checks on pensions

23rd July 2019

The Pensions Regulator (TPR) is rollingout a new wave of compliance checks focused on employers across the UK that are suspected of being non-compliant with their...

Client Spotlight - Alex Karidis image

Client Spotlight - Alex Karidis

23rd July 2019

A client of McBrides since setting up his own private practice in 1997, Canadianborn cosmetic surgeon Alex Karidis has seen attitudes change towards cosmetic surgery...

Xero price rise image

Xero price rise

23rd July 2019

From 1 August 2019, Xero's standard and premium monthly subscriptions are increasing by £2 and £2.50 respectively. This reflects ongoing innovations...

Farewell Terry! image

Farewell Terry!

23rd July 2019

Our corporate tax partner Terry Baldwin retired at the end of June, but before he set off to remodel his garden and play more golf, we took the opportunity to get...

Giving finance the elbow?! image

Giving finance the elbow?!

23rd July 2019

You wear so many hats when starting up a business, including management, finance, HR and IT. But what feels manageable as you start off, can soon become overwhelming...

Isn't it time you entered the Queen's Award for Enterprise? image

Isn't it time you entered the Queen's Award for Enterprise?

12th July 2019

Have you ever wondered what it takes to win the prestigious Queen’s Award for Enterprise? Well now you can find out how by listening to our FREE 30-minute...

Using the cloud for day-to-day accounting image

Using the cloud for day-to-day accounting

24th June 2019

Cloud accounting can sound like a big step into the unknown for some business owners, especially when they are more used to ‘tried and trusted’ traditional...

Future proofing your business image

Future proofing your business

31st May 2019

Many business owners would have been shocked to hear of the untimely death of a global law firm chairman who was in his early 50s and no doubt made some wonder what...

Client Spotlight – The Alliance Group image

Client Spotlight – The Alliance Group

21st May 2019

The Alliance Group has built its reputation on relationships and making the seemingly impossible possible when it comes to distribution and logistics for SME customers. As...

More changes for employers image

More changes for employers

21st May 2019

Employers face significant changes with increases to the national minimum wage (NMW) and auto-enrolment contributions, plus the introduction of settled status for...

Making Tax Digital is live! image

Making Tax Digital is live!

21st May 2019

Making Tax Digital (MTD) came in for VAT last month and means that VAT registered businesses with a taxable turnover above the registration threshold of £85,000...

From apprentice to partner... image

From apprentice to partner...

21st May 2019

We’re sure you will join us in congratulating Masum Ahmed on his appointment as tax partner here at McBrides. You may know that Masum previously trained with...

Can you claim the Marriage Allowance? image

Can you claim the Marriage Allowance?

16th April 2019

The Marriage Allowance was introduced from 6 April 2015 and permits up to 10% of the Personal Allowance of the spouse with the lower income to be transferred to...

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Late payment risks

15th April 2019

Healthy cash flow is the life blood of any business. Did you know that 50,000 businesses cease trading every year due to late payments from their customers or clients? In...

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State pension and child benefit trap

2nd April 2019

It is reasonably well known that child benefit is clawed back where the claimant or their spouse / partner has taxable income over £50,000 for the tax year....

HMRC’s Loan Charge legislation – controversial money raiser? image

HMRC’s Loan Charge legislation – controversial money raiser?

27th February 2019

Introduced in 2017, this legislation is aimed at individuals who participated in so-called ‘Disguised Remuneration Loan Schemes’ that were being promoted...

Employer pension contributions increase in April 2019 image

Employer pension contributions increase in April 2019

14th February 2019

Changes to pensions continue from 6 April 2019 with employers required to increase the amount of their contributions into employees’ automatic enrolment pension...

Promotions and new faces image

Promotions and new faces

11th February 2019

From l to r: Cristina Niculescu, Andy Fuller, Rhys Sheppard, Sarah Miller, Scott Eveleigh, Clara Matthews and Lydia Payne It’s been a busy time of...

Client Spotlight - JTA image

Client Spotlight - JTA

11th February 2019

When Jon Tibbs first set up his sports communications agency JTA back in 2001, he was feeding his entrepreneurial spirit. Having risen to the top of global PR agency...

The life of Brian! image

The life of Brian!

11th February 2019

When Brian Moleshead first started working at McBrides in January 1983, BBC Breakfast was just launching, seatbelts became mandatory for drivers and front seat passengers,...

In the event of ‘no deal’ HMRC warns businesses to prepare image

In the event of ‘no deal’ HMRC warns businesses to prepare

6th February 2019

The latest guidance to businesses in the event of the UK leaving the EU with ‘no deal’, includes updates on customs procedures, import & export registration...

Reflect, learn and plan for a successful 2019 image

Reflect, learn and plan for a successful 2019

7th January 2019

Guest Blog by Jackie Brooker, Managing Director of Dakota Blue Consulting The end of a year is not only a great time to reflect and learn from the previous 12 months,...

Budget creates unintended tax trap for Entrepreneurs’ Relief hopefuls image

Budget creates unintended tax trap for Entrepreneurs’ Relief hopefuls

18th December 2018

When an individual sells shares in a private company, they will often be able to claim Entrepreneurs’ Relief (ER) in respect of the profit they have realised...

New anti-fraud payment measure to be rolled out in 2019 image

New anti-fraud payment measure to be rolled out in 2019

4th December 2018

The UK’s leading retail payment authority Pay.UK has announced how a new ‘Confirmation of Payee’ service will work when it begins to be rolled...

Client Spotlight - Talyllyn Railway image

Client Spotlight - Talyllyn Railway

16th November 2018

In a quiet Welsh valley in the far west of Gwynedd is a small and potentially insignificant little railway, but one with a unique history and a very special place...

The top mistakes you are making on social media image

The top mistakes you are making on social media

2nd November 2018

Guest blog by ZC Social Media Social media is all the rage right now. The beautiful thing is that it is used not only for socialising and catching up with friends...

What could the Halloween Budget have in store? image

What could the Halloween Budget have in store?

19th October 2018

With a Halloween Budget just around the corner, we have sourced a crystal ball and have tuned in to the whispers in the Westminster corridors. Green taxes: Speculation...

Will the forthcoming Budget tighten IR35 rules? image

Will the forthcoming Budget tighten IR35 rules?

17th October 2018

Back in May we wrote about how HM Treasury and HMRC had opened a joint consultation on how the tax rules applying to off-payroll working – widely known...

Referees show HMRC a red card image

Referees show HMRC a red card

26th September 2018

A recent tax case has once again ‘blown the whistle’ on the difficulty HMRC has in being able to determine whether an individual is employed or self-employed. It...

Managing working lives and mental health image

Managing working lives and mental health

18th September 2018

Guest blog by Alison Parmar, FSB Kent development manager The way we work has changed significantly. There are now more people than ever going it alone and setting...

Do you know a student who could be due a tax refund? image

Do you know a student who could be due a tax refund?

11th September 2018

Many students will have worked at temporary jobs over the summer holidays and although some will continue to work while studying, others will not work again until...

Online marketplaces to assist HMRC on trader VAT compliance image

Online marketplaces to assist HMRC on trader VAT compliance

6th September 2018

HMRC has announced it has reached an agreement with a number of online sales platforms, including Amazon and eBay, whereby those platforms will supply HMRC with...

Are you ready for Making Tax Digital? image

Are you ready for Making Tax Digital?

5th September 2018

With just seven months to go before Making Tax Digital (MTD) comes in for VAT, there are critical steps that businesses should be taking to ensure they are ready...

Childcare voucher scheme closes to new entrants on 4 October image

Childcare voucher scheme closes to new entrants on 4 October

4th September 2018

As the nights draw in earlier and children are going back to school, a timely reminder that childcare voucher schemes will close to new entrants on 4 October 2018. From...

Entrepreneurs’ relief called into question image

Entrepreneurs’ relief called into question

30th August 2018

The Resolution Foundation think tank today (30 August 2018) said that the benefits of entrepreneurs’ relief (ER) are concentrated among a few very wealthy...

Deadline fast approaching for those with undeclared offshore tax liabilities image

Deadline fast approaching for those with undeclared offshore tax liabilities

30th August 2018

The second Finance Bill in 2017 introduced a ‘Requirement to Correct’ (RTC) for taxpayers with undeclared UK income tax, capital gains tax (CGT) or inheritance...

Client Spotlight – Michael O’Mara Books image

Client Spotlight – Michael O’Mara Books

26th June 2018

Michael O’Mara Books (MOM Books) has been a McBrides client since the company incorporated in December 1984. At the time the publisher’s only two...

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Join our graduate training programme

26th June 2018

Do you know a recent graduate who’s keen to kick-start a career in the accountancy profession, earn as they learn and work with owner-managed businesses? If...

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Welcome to our new recruits

26th June 2018

We’ve welcomed two new people to the McBrides team since our last issue of Business Arena – the second and third to join us in two months. Matt Reid...

'eXtra' protection from the taxman image

'eXtra' protection from the taxman

26th June 2018

Small businesses are more likely to be reviewed by the taxman after HMRC admitted that one in ten small businesses is under investigation as it attempts to recoup...

Pimlico Plumbers decision - check employment status for tax purposes image

Pimlico Plumbers decision - check employment status for tax purposes

13th June 2018

A court ruling which today decided that a self-employed VAT-registered plumber was entitled to workers' rights having worked for Pimlico Plumbers for six years looks...

Government launches new private sector IR35 consultation image

Government launches new private sector IR35 consultation

31st May 2018

HM Treasury and HMRC have opened a joint consultation on how the tax rules applying to off-payroll working are being applied. More commonly known as the IR35 rules,...

Safeguarding your personal information – McBrides’ commitment

24th May 2018

A new regulation impacting the way companies hold and process your data is coming into effect this Friday, 25 May and it’s important that you understand what...

Client Spotlight – Stoneham Plc image

Client Spotlight – Stoneham Plc

25th April 2018

Our latest focus on clients looks at a fifth-generation family business. Stoneham plc has grown from a woodturning business, started in the basement of William...

GDPR – are you compliant? image

GDPR – are you compliant?

25th April 2018

It’s been a long time coming but precisely one month from now the General Data Protection Regulation (GDPR) finally comes into force. Organisations will be...

EMI share options – companies beware image

EMI share options – companies beware

11th April 2018

Companies that grant Enterprise Management Incentive (EMI) share options, should be aware of an important HMRC bulletin issued on 4 April 2018, which impacts...

Personal tax planning – five tips for minimising your tax liabilities image

Personal tax planning – five tips for minimising your tax liabilities

20th March 2018

Is it too late for me to take steps to minimise my tax liabilities before 5 April? There are fewer reliefs available these days to mitigate your personal tax liabilities,...

The Spring Statement: Spring Forward or Freeze Frame? image

The Spring Statement: Spring Forward or Freeze Frame?

12th March 2018

The Chancellor, Philip Hammond, will give the Government’s first ‘Spring Statement’ to Parliament this Tuesday at 12:30. Why is this interesting? Well,...

Isn’t it time you took on an apprentice? image

Isn’t it time you took on an apprentice?

8th March 2018

It’s National Apprenticeship Week and there will be many stories in the media about the success of the government programme, but what benefit does the scheme...

Employers must act ahead of April and June auto-enrolment deadlines image

Employers must act ahead of April and June auto-enrolment deadlines

22nd February 2018

The clock is now ticking for the June 2018 auto-enrolment deadline when the final 150,000 employers must enrol their employees into workplace pensions. However,...

Just ten days left for the paper tenner image

Just ten days left for the paper tenner

19th February 2018

The paper Charles Darwin £10 note ceases to be legal tender after 1 March 2018 with the polymer Jane Austen £10 note replacing it. After this time,...

Energetic accountants generate £6k for the Greenwich & Bexley Community Hospice image

Energetic accountants generate £6k for the Greenwich & Bexley Community Hospice

2nd February 2018

The team at McBrides undertook a series of physical challenges in 2017 to raise funds for the Greenwich & Bexley Community Hospice (GBCH). The fundraising...

Client Spotlight – The Hofmeister Brewing Company image

Client Spotlight – The Hofmeister Brewing Company

19th January 2018

First up in our new Client Spotlight feature is The Hofmeister Brewing Company, which is behind the successful resurrection of the popular 1980s Hofmeister lager...

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Cybercrime - be prepared

19th January 2018

Criminals are becoming increasingly sophisticated in how they approach businesses and convince staff to transfer money to them. Most attempts are made through identity...

Practical steps for businesses affected by Carillion’s liquidation image

Practical steps for businesses affected by Carillion’s liquidation

15th January 2018

News that Carillion, the UK’s second largest building contractor, has gone into liquidation will be creating uncertainty for suppliers and sub-contractors...

Childcare voucher schemes to close in April 2018 image

Childcare voucher schemes to close in April 2018

4th January 2018

A timely reminder that childcare voucher schemes will close to new entrants from April this year. All eligible new parents will instead need to use the government’s...

Law firms - are your clients aware of HMRC's New Trust Registration Service 31 January deadline? image

Law firms - are your clients aware of HMRC's New Trust Registration Service 31 January deadline?

19th December 2017

By 31 January 2018, all trusts with UK tax liabilities are required to be registered online with HMRC’s Trust Registration Service (TRS). This is compulsory...

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The next generation of local accountants

6th December 2017

McBrides staff partner Tanya Hamilton and manager Hannah Adams were overwhelmed by the interest in becoming an accountant when they recently visited Hope Community...

McBrides honoured at Kent Corporate Finance Alliance Awards 2017

30th November 2017

McBrides is celebrating today having been recognised in the Kent Corporate Finance Alliance (KFCA) Awards Deal of the Year for its work on the private sale of regional...

Employer pension contributions set to increase in April 2018 image

Employer pension contributions set to increase in April 2018

21st November 2017

Changes to pensions continue and from 6 April 2018, employers will be required to increase the amount of their contributions into their employees’...

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Back the Bexley bid!

11th October 2017

Bexley is on the cusp of something big as it prepares a bid to become the London Borough of Culture for 2019 and 2020.   Bexley is one of 32 boroughs...

The auto-enrolment clock is ticking… image

The auto-enrolment clock is ticking…

27th September 2017

Under the Pensions Act 2008, every employer in the UK with at least one employee must put certain staff into a pension scheme and contribute towards it. But all...

VAT on online local authority property searches image

VAT on online local authority property searches

27th September 2017

We have had several requests for clarity following on from news that north-west law firm Brabners has been ordered to pay £68,000 of VAT not charged to clients...

Speedier cheque clearance on the way image

Speedier cheque clearance on the way

26th September 2017

Despite the move to BACS and online banking, 477 million cheques were written in the UK last year. Clearing a cheque can take up to six working days from deposit...

Making Tax Digital image

Making Tax Digital

6th September 2017

The government’s programme of bringing business tax into the digital age was due to begin in earnest with the ‘Making Tax Digital’ scheme. However,...

High earners: act soon to fund a comfortable retirement image

High earners: act soon to fund a comfortable retirement

6th September 2017

Most of us think retirement planning is something to leave on the ‘to do’ pile. However, some recent tax changes mean you may need to think about dealing...

McBrides & Friends 10k Hospice Hike image

McBrides & Friends 10k Hospice Hike

11th August 2017

There are just weeks to go now before the team at McBrides set out on their Hospice Hike in aid of the Greenwich & Bexley Community Hospice. The 10km route...

Routes into Accountancy – part two: image

Routes into Accountancy – part two:

7th July 2017

From fixing bikes to company audits by Patrick Duncan I was directed to McBrides after working a long summer fixing bikes in a local shop. I studied A Levels in...

Routes into Accountancy – part one: image

Routes into Accountancy – part one:

7th July 2017

University? Or a Professional Apprenticeship? by Tanya Hamilton, Staff Partner You’ve decided on a career in accountancy, but do you choose university or...

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Law firm mergers keep us busy

6th July 2017

Law firm mergers are all the rage at the moment as the industry shrinks in the face of deregulation and increased competition. At McBrides we have been assisting...

All change for apprenticeships: the new funding system for employers image

All change for apprenticeships: the new funding system for employers

24th March 2017

The new Apprenticeship Levy comes into effect on 6 April and heralds significant changes to the way apprenticeships will be funded for all employees. Click on the...

Philip Hammond makes U-Turn on Budget National Insurance rise for the self-employed image

Philip Hammond makes U-Turn on Budget National Insurance rise for the self-employed

16th March 2017

The Chancellor, Philip Hammond, has faced a backlash from the Conservative backbenchers accusing him of breaking a general election manifesto commitment not to increase...

The Book-Keepers! Three business books we couldn’t live without

2nd March 2017

As pupils across the world celebrate World Book Day today (Thursday 2nd March) we asked some of the team at McBrides for their favourite business reads. Nick Paterno,...

Thinking of buying a new car? Don’t end up being an ‘April Fool’! image

Thinking of buying a new car? Don’t end up being an ‘April Fool’!

27th February 2017

If you are looking to buy a new car, you might want to consider doing it before 1 April 2017. Road Tax, or Vehicle Excise Duty (VED) as it is officially known, is...

Solicitors be mindful - you are not a bank! image

Solicitors be mindful - you are not a bank!

17th January 2017

The SAR Rule (14.5) preventing a firm’s client account being used as a banking facility has made the news over the last couple of months with a spate of recent...