Insights

By Ryan Connor, Senior Management Consultant at Baker Tilly Mooney Moore The quick succession of the Covid pandemic into an unprecedented cost-of-living crisis means our world has been disrupted for some time now. Throughout this, adapting and pivoting at a strategic...

By Donal Laverty, Consulting Partner at Baker Tilly Mooney Moore Last month we discussed the pace of the labour market and the operational challenges it presents. A growing area of concern, some 31% of CEOs and business leaders now identify attraction and retention of...

Trustees are now required to register details of UK trusts with the Trusts Registration Service (‘TRS’) by 1st September 2022. Taxable trusts (those with an income tax or inheritance tax liability) should have been previously registered with HMRC. Non-taxable trusts...

By Donal Laverty, Consulting Partner at Baker Tilly Mooney Moore The pace of the labour market in Northern Ireland has accelerated sharply in recent months to become a key operational concern for many businesses. Job openings are consistently high, salaries are...

The 2021 Spring Budget introduced two types of enhanced allowances for companies incurring capital expenditure from 1 April 2021 to 31 March 2023. But for organisations with a year-end other than 31 March 2023, expenditure will need to be incurred earlier than that in...

The way in which the tax basis period is calculated for the self-employed and partnerships is set to be reformed ahead of the implementation of Making Tax Digital in April 2024. What are the current rules? At present unincorporated businesses are free to choose...

Consulting with organisations navigating a period of change is a significant part of what we do at Baker Tilly Mooney Moore. This year, we were thrilled to work with CO3 once again to deliver the Leading Organisational Change award and celebrate another successful...

The second in our short series of Tax Tips looks at Inheritance Tax The Details Inheritance Tax is payable at 40% on death on an individual’s chargeable estate over the available Nil Rate Band and Residential Nil Rate Band. The Nil Rate Band is currently £325,000, and...

The decision reported in December 2021 of Thomson v HMRC shows the extreme care that needs to be taken when seeking relief under business asset disposal relief (BADR) and the potentially capricious nature of the relief. It offers perhaps a glimmer of hope, in that the...

Employee engagement is a much discussed topic in the business community for a good reason. Your employees are the lifeblood of your business and losing key employees or not attracting new talent can cause significant disruption and financial loss. There are many ways...

Since April 2019, businesses with a turnover over the £85,000 VAT threshold have been required to submit their returns using compatible software. From this April, VAT-registered businesses with a turnover below this amount will need to do the same. National Insurance...