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What are the Implications on Vat of a ‘No-Deal’ for Brexit?
Earlier this month HM Revenue & Customs published a report “Vat for businesses if there is no Brexit Deal”. The current situation is that there are 4 freedoms guaranteed by membership of the EU, free movement of goods, services, capital and labour. This has been the position since January 1993. What would happen if we[…]
Do you know we also do Charity Accounts?
Accounts Preparation and Other Services for Registered Charities Accounts preparation Charities may be companies or unincorporated entities that require accounts to be prepared in accordance with the Statement of Recommended Practice (SORP) for Charities. We have the software and expertise to prepare these accounts. Independent Examiners Reports Charities with a turnover over £25,000 require an[…]
CLAIM TAX RELIEF ON YOUR JOB EXPENSES
What can I claim for; If you use your own money to buy things that you must buy for your job and you only use these things for your work, examples are; Uniforms, work tools and clothing Vehicles you use for work Travel and accommodation expenses Professional fees and subscriptions Costs of working from home[…]
SUBCONTRACTORS, HOW TO INCREASE YOUR REFUND
We are often asked what expenses are allowable to reduce profits for the self-employed. Reducing the taxable profit of course reduces the amount of income tax paid…. Or in the case of subcontractors the amount of CIS tax repaid. In short, ensure that you have claimed all the tax allowable expenses due to you. Follow[…]
WHAT IS MAKING TAX DIGITAL
HOW DOES IT AFFECT MY BUSINESS ? VAT REGISTERED BUSINESSES Making Tax Digital is new system that requires businesses to report into HM Revenue & Customs on a quarterly basis. Timeline From April 2019, vat registered businesses with a turnover above the Vat threshold will be required to submit Vat Returns digitally. The first Vat[…]
Making Tax Digital set to transform tax reporting
George Osbourne caught the headlines in March 2015 announcing the end of the tax return for most but many are not aware what will replace this and the impact this will have on their businesses as early as 2018. HMRC are finalizing their plans to introduce a new way tax is reported. The standard, annual[…]
Changes to Limited Company Accounts – The Impact of FRS102
The financial Reporting Council, the independent body responsible for promoting high quality corporate governance, has introduced as series of changes that will impact on the way information in limited company accounts is disclosed, as well as their format. Accounting periods commencing after 1st January 2015 (so for most, if the year-end is 1st January 2016[…]
Moving Away from the P11D
From April 2017 employers will be able to collect tax due on benefits in kind for non-cash vouchers through their payroll. The measure is hoped to reduce the reporting burden on employers as the obligation to submit P11D forms will be reduced or removed for many employers. The Finance Act 2015 introduced legislation giving HMRC[…]
Are you ready for the National Living Wage?
On 1st April 2016 all workers aged 25 and above (and not in their first year of an apprenticeship) will receive a mandatory National Living Wage of £7.20, that is a 50p per hour rise for those currently earning the National Minimum Wage for 21 year olds and over. The National Living Wage rate applies[…]
Budget 2016: Key Points
It’s been one week since Chancellor George Osborne announced the latest budget and we have had time to digest the changes and the impacts to businesses and their owners here in the North East of England. Here is a summary of the headline points. Personal taxation The threshold at which people pay 40% income tax[…]
About
We are Chartered Accountants based in Team Valley, Gateshead serving the North East of England including Newcastle upon Tyne, County Durham and Northumberland
McManus Hall are one of the North East’s leading and fastest growing accountancy firms. We help dynamic and forward looking companies to grow with our track record of success. We are Chartered Accountants too, so you can be safe in the knowledge we will ensure your compliance is solid.
Minutes from the Centre of Newcastle
3.8 miles to Newcastle City Centre
Minutes from Centre of Gateshead
2.7 miles to Gateshead City Centre
MINUTES FROM CENTRE OF DURHAM
14.1 miles to the Durham City Centre
MINUTES FROM Newcastle airport
11.2 miles to Newcastle International Airport
Focused on your success
We use cutting edge technology to deliver accounting services for the future of your business. From modern offices in Team Valley, Gateshead we are well located to cater for your accounting needs.
Growth
We specialise in growing small and medium sized businesses by giving our clients advice to maximise their profits
New Technology
Adapting to new technology such as cloud computing mean improved efficiencies and closer connection to our customers
Building Relationships
Through trust we ensure our that our clients can rely on our advice, safe in the knowledge that their business has the best chance to succeed
Expertise
We are experts in accountancy and taxation with years of exerince that aim to give you peace of mind so you can focus on growing your business
Testimonials
Our Team
We have a team of friendly, approachable staff and we endeavour to help your business needs. We are constantly investing in training and the development of our people to help meet our growing list of clients requiements
Marian McManus
Shaun Greenwell
Sue Rush
Jordon Drinkeld
