The latest government insolvency statistics reveal many business owners find themselves at a 'critical tipping point', according to Nicola Clark, Restructuring & Insolvency Partner at Azets. May 2024 saw more than 270 compulsory liquidations, more than in the previous month, suggesting that … [Read more...]
News for: Accountancy
Azets Barometer reveals gap in optimism between small and medium-sized businesses
UK accountancy firm, Azets, which has 90 offices nationwide including in Stockport, has revealed that medium-sized businesses are more optimistic about the future than smaller firms, according to the firm's Azets Barometer survey. The survey, conducted in April 2024, features 353 responses from … [Read more...]
Dealmaking VAT reclaim black hole losing British businesses millions
The UK’s £200 billion dealmaking industry could be missing out on around £150 million of VAT rebates for costs such as professional fees that are not being reclaimed, according to new research into the UK’s M&A sector by Azets, the top ten accountancy and advisory firm. M&A VAT costs that … [Read more...]
Azets bolsters North West tax team
Azets has strengthened its regional tax team by appointing Lee Stott as a Partner to lead its employer solutions offering across its North West offices, including Stockport. Joining from another Top 10 firm, Lee has over 17 years of experience in tax, advising both businesses and individuals, … [Read more...]
National Insurance cut hits payslips
The 27 million UK workers on monthly salaries will have benefited from a cut in the rate of National Insurance in their April payslips. The April cut to National Insurance Contributions, announced in the Spring Budget in March, has seen the rate paid fall from 10% in January (and 12% in April … [Read more...]
CN Group colleagues complete Born Survivor in support of business awards’ charity partner Mentell
Four colleagues from CN Chartered Accountants completed the Born Survivor challenge to raise additional funds for Stockport Business Awards Charity Partner, Mentell. CN Chartered Accountants are the founders, organisers and headline sponsors for the business awards and each year a local charity … [Read more...]
Azets sees ‘light at the end of the tunnel’ in latest insolvency statistics
The latest company insolvency statistics show that there is 'light at the end of the tunnel' according to Nicola Clark, Restructuring & Insolvency Partner at Azets. The latest government insolvency statistics found there were 1,815 company insolvencies in England and Wales in March 2024, down … [Read more...]
Treasury to consult on plans to extend VAT relief for business charitable donations
A consultation is set to launch on plans to extend VAT relief for business charitable donations where goods given will go on to be distributed for free. Currently firms do not pay VAT on any goods they donate which are then sold on, such as clothes, hygiene supplies and cleaning products. … [Read more...]
Stockport Central Library hosts accountancy clinic for small business owners
Self-employed small business owners or budding entrepreneurs in Stockport are invited to a free accountancy clinic in Stockport Central Library to get help with the complexities of self-assessment. Tanya O'Toole from Tobass Business, Accounting & Secretarial Services will be at Stockport … [Read more...]
National Insurance rate cut takes effect for 29 million workers
Approximately 29 million people will benefit from paying a reduced rate of National Insurance from 6th April following announcement of the cut in the Spring Budget. The main rate of employee National Insurance has dropped to 8% for employees, down from 10% as of January 2024, and 12% this time … [Read more...]
Increase to VAT threshold takes effect
An uplifted VAT threshold of £90,000 has taken effect from 1st April 2024 that is expected to lift 28,000 small businesses out of paying VAT. The £5,000 increase in the threshold was announced in the Spring Budget and puts the UK's VAT threshold at the joint highest level of any OECD … [Read more...]
Azets expands in North West with medical accounting acquisition
Azets, the international advisory, outsourcing and compliance group, with seven regional offices across the North West of England including in Stockport, has announced the acquisition of RSM UK’s specialist medical accounting team. The transaction underlines Azets’ commitment to become the UK’s … [Read more...]
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