Insights

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...

By Angela Keery, Head of Tax The Chancellor of the Exchequer delivered his Spring Statement yesterday to the backdrop of a deepening cost of living crisis. While it brought relief in the form of a reduction in fuel duty that drivers will notice at the pumps today,...

By Michael Branniff, Business Services Partner  Labour shortages and the rising cost of raw materials have combined to create a perfect storm in the construction and engineering sectors. With profit margins set to only tighten in the coming months, responsible...

The rates for the National Living Wage (for those aged 23 and over) and the National Minimum Wage (for those of at least school leaving age) will increase on 1 April. The new rates are: 23 and over 21 to 22 18 to 20 Under 18 Apprentice April 2021 (current rate) £8.91...

By Angela Keery, Head of Tax The pending rise in National Insurance contributions is arguably the most significant change to taxation we will see this year. Confirmed in recent weeks by the Prime Minister and Chancellor of the Exchequer, the increase will impact tax...

Supporting organisations through periods of transformational change has become a growing area of focus for us at Baker Tilly Mooney Moore and we are delighted to once again partner with CO3 to deliver the Leading Organisation Change award. Last year, the award...

By Stephen McConnell, Business Services Partner 2021 has been an eventful year in many respects. Cast your mind back to January, we were in the depths of lockdown and consumers were once again relying heavily on their local convenience retailer. When larger stores...

Love them or hate them, a New Year’s resolution can be a chance to start afresh and revitalise your business. Concern around your financial position is acceptable in today’s climate, but almost two years into the pandemic, we are no longer in unknown territory. A...

In this digital age, HMRC has placed an emphasis on tax being reported and paid using their various platforms, the latest of which is the new reporting requirements for capital gains realised by UK resident individuals on UK residential property. From 6 April 2020, UK...

By Angela Keery, Head of Tax If the hit Sky Atlantic series Succession is anything to go by, the disintegration of a family dynasty is never off the cards when the time for succession planning comes. Though entirely dysfunctional and somewhat detached from reality,...

By Donal Laverty, Consulting Partner The changing world of work has been a principal point of debate for some time now. As business continues in the shadows of the greatest disruption of our time, many companies have opted to set out their stall on the hybrid working,...

2021 has seen an increase in enquiries for audits from businesses who previously never imagined requiring such a service. Through exceptional growth during the lockdown, to the impact of Brexit, a large number of business owners are due to experience their first-ever...