Insights
Cross-border Tax Disparities Limit Business Investment and Flexible Working
By Julie Hamilton, Tax Manager The pandemic put a spotlight on the cross-border tax situation impacting businesses and their employees. When the world moved to working from home, cross-border workers found they were liable for double taxation and a host of other...
The temporary reduced VAT rate during the Covid-19 pandemic – did you apply it correctly?
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...
Family-friendly employment policies compete with salary on candidate wish lists
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...
The Benefits of Individual Voluntary Arrangements
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...
June’s Insolvency Statistics
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...
Actions to Take for Firms Importing Goods from GB and the EU
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...
Can you see me? Employee visibility in a hybrid world
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...
Electric Cars and Taxable Benefits for Employees
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...
No Limit to Capital Allowances with Full Expensing
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...
Holiday Lets an Attractive Second Earner if Handled Appropriately
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 in Conversation
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...
March Insolvency Statistics
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...
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