Insights

What’s the issue? If you applied the temporary reduced VAT rate during the Covid-19 pandemic, were you correct to do so? If not, your business may have underdeclared output tax and you may be at risk of receiving VAT assessments, interest and penalties. What can go...

By Brian Lenehan, HR Consultant  Parental leave and family support policies have become a prominent part of talent attraction and retention, and highly competitive in terms of best practice. In 2019, 65% of workers surveyed said they prioritise work-life balance over...

Restructuring and Insolvency Manager Claire Mateer discusses the benefits of IVAs amid news of harmful ‘debt help’ advertisements. This week, a BBC investigation uncovered allegations of IVA misuse by debt recovery and ‘debt help’ services. In recent months, several...

Restructuring & Insolvency Manager Claire Mateer takes a look at the insolvency statistics for June June’s insolvency statistics reveal a return to pre-pandemic levels of monthly bankruptcies. Northern Ireland saw 14 company insolvencies last month, which remains...

Firms importing goods from Great Britain and the EU may have the opportunity to claim a refund, and changes to the Protocol mean a new registration is now required. Refund Opportunity  - UK Duty Reimbursement Scheme Have you paid EU Customs Duty on importing goods...

By Donal Laverty, Consulting Partner A recent survey by McKinsey revealed that 87% of Americans prefer working on a hybrid or fully remote basis. This dynamic is widespread across demographics, occupations and geographies, and the work-from-anywhere trend is likely to...

By Julie Hamilton, Personal Tax Manager  We are seeing many fully electric or hybrid cars being acquired personally or made available to employees. For company car drivers the initial consideration when an employee chooses a company car will be the benefit in kind...

Over the past two years, companies have benefited from the exceptionally advantageous Super Deduction 130% capital allowances rate for qualifying expenditures.  However, this provision has been replaced by a new ‘permanent’ Annual Investment Allowance limit of £1...

By Neil Armstrong, Tax Director  We are a region known for our stunning coastlines and sometimes sunny beaches. Approaching the summer after years of travel restrictions that changed the way we holiday; many will once again be considering purchasing a second home for...

Adrien Pelan, Accounts Technician in the Business Services Team, spoke to the Belfast Telegraph about her career.  1. Give a brief outline of your career to date. I began my career in accounting with Baker Tilly Mooney Moore, initially as part of the Higher Level...

Restructuring & Insolvency Manager Claire Mateer takes a look at the insolvency statistics for March.  Until 17th April creditors have been unable to issue winding up petitions against companies in Northern Ireland as a result of restrictions arising from the...

The reopening of the Bankruptcy and Companies Master’s Court on 17 April 2023 to creditor winding up petitions will prompt the pursual of a significant number of struggling businesses in Northern Ireland.  Guidance from the Bankruptcy and Companies Master released...