Insights

This International Accounting Day, together with our Baker Tilly International colleagues around the world, we've been thinking about three key questions.  Business Services Partner Stephen McConnell shares his 1, 2, 3. 1. What made you begin your career in...

In the last five years, Northern Ireland business owners and management have endured, and continue to endure, exceptional economic upheaval arising from both the BREXIT vote and the COVID-19 pandemic. This is in addition to the need to constantly adapt and evolve...

Commenting on the announcement of the UK Budget and Spending Review by Chancellor Rishi Sunak MP, Tax Director Angela Keery said: “The Budget and multi-year Spending Review announced by the Chancellor was a cautious step forward in managing public debt and addressing...

Regardless of the sector or industry, almost every business will incur expenditure on entertaining staff and clients as well as business travel - from employees working from home, in a different office, clients' premises to simply picking up supplies, trips to a post...

The fifth Self-Employment Income Support Scheme grant covering the period May 2021 to September 2021 is now open for claims. The amount will be determined by how much turnover has been reduced in the year April 2020 to April 2021. To make a claim, applicants will need...

A number of businesses are required to apply for Top Up Grants of £5,000 and £10,000 and applications are now open. The Small Business Support Grant Top-Up Scheme provides financial support of up to £5,000 to businesses that received the £10,000 Small Business Support...

Businesses in Northern Ireland selling goods to consumers in the EU can now register for the One Stop Shop (OSS).  The One Stop Shop allows businesses to manage and report the VAT due on EU distance sales, and make payments in one place, instead of having to register...

We have proven time and time again that Northern Ireland businesses are resilient. Now, many businesses are having to work smarter than ever to deal with the ongoing effects of Covid19, the uncertainty over Brexit and getting the business back “to normal”. Staff...

Are you considering buying a holiday home/ holiday let or a buy to let? Why you need to know the difference. With the ongoing travel restrictions, we are all having to holiday at home and “stay local”. As we head into a second summer of staycations, many are...

In his recent article “Ensuring where possible the NRB is available to minimise IHT”, Tax Manager Chris Bradley discussed the Nil Rate Band (‘NRB’) and a few key points to be aware of. In his latest article, Chris outlines some of the key points in relation to...

We were so pleased to have Rebecca Weir join our Audit & Assurance team in September.  She brings over 4 years’ experience in Auditing, having worked with multinational clients and for leading global professional services firms. Rebecca holds a BSC (Hons) in...

What is Inheritance Tax? Inheritance tax (‘IHT’) is a capital tax on an individual’s estate when they die. An individual’s estate comprises of all property, possessions and money owned at the date of their death. The current rate of IHT is 40% and is payable on...