Daniella Wainwright

Looking for some extra support for your tax team? Amy Thomas and I (from a human capital tax perspective) are working with some exceptional tax talent who are immediately available and looking for their next role. If you're looking to alleviate some of the pressure in your team and have an extra pair of hands or perhaps have a project that needs to be completed and doesn't warrant a permanent headcount, please do reach out for a confidential conversation. Never hired a temp before? Fear not, you are in very safe hands with Amy Thomas as one of the best and most experienced interim tax recruiters in the market! #tax #interimrecruitment #busyseason #deadlines #projects #temporarysupport #brewermorris

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Heading to Accountex ? Whether you're a seasoned attendee or a first-timer, this event is the largest of its kind in the UK for accountants and finance professionals. Here are a few handy hints to make the most out of your experience: Plan Your Sessions: The lineup can be overwhelming, with back-to-back seminars and keynotes. Before you go, highlight the sessions that are must-sees for you. And remember, sometimes the best insights come from the unexpected talks, so leave room for a few wild cards. Network Like a Pro: Accountex isn't just about soaking up knowledge; it's a goldmine for networking. Don't be shy—introduce yourself, swap cards, and connect on LinkedIn. You never know, the person you're chatting with over coffee might just be your next big client or collaborator. I'd suggest knowing how to get to your LinkedIn QR code. Explore the Exhibits: With a myriad of vendors showcasing the latest in accounting tech and services, make sure to allocate time to wander the exhibit hall. It's not just about the free pens or socks; it's an opportunity to demo new tools that could change the way you work. Follow Up: Once the buzz of Accountex is over, don't let those new connections and insights fade away. Follow up with the people you've met, explore the software you were impressed by, and start applying what you've learned. This is the bit I need to work on. Accountex is more than an event; it's a stepping stone for growth, learning, and connections. Go in with a plan, but also allow yourself the flexibility to enjoy the event. https://lnkd.in/e8bQfdgQ #Accountex #AccountingTips #Networking #CPD #ProfessionalDevelopment

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**5 Ways a Great Accountant Can Help Your UK Business Thrive** Running a successful business is exciting, but managing finances can be complex. That’s where a great accountant , someone who sorts out the numbers, comes in. Here are five key ways they can support your business: 1. **Tax Compliance and Planning** Navigating the UK tax landscape can be tricky. A great accountant not only ensures your business remains compliant with tax laws but also helps with tax planning strategies. By identifying deductions and opportunities, they minimise your tax liabilities and maximise savings. 2. **Cash Flow Management** Cash flow is the lifeblood of any business. An accountant can help manage your inflows and outflows, ensuring you have the liquidity needed to meet obligations and invest in future growth. 3. **Profit Maximisation** Are you making the most of your business’s potential? A skilled accountant can analyse your financials, pinpoint areas of inefficiency, and provide insights to boost profitability, ensuring you get the best return on your efforts. 4. **Cost Control & Efficiency** Business expenses can quickly spiral. Accountants help identify unnecessary costs, streamline operations, and improve efficiency, making sure you keep your finances healthy while running a lean business. 5. **Strategic Financial Planning** Planning for the future is crucial. From budgeting and forecasting to supporting long-term growth strategies, an accountant provides the financial insights needed to make informed decisions that set your business up for lasting success. Partnering with the right accountant allows you to focus on growing your business while they take care of the numbers, helping you thrive today and plan for tomorrow. #Accountancy #TaxPlanning #BusinessGrowth #CashFlowManagement #ProfitMaximisation #FinancialPlanning #BusinessStrategy #SmallBusinessSupport #Entrepreneurship #UKBusiness #Efficiency

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If cakes 🍰 , pastries 🥐, red meat 🥩, poultry 🐓 and fish 🎣 were subject to #VAT in the UK the Treasury could raise an extra £4bn in tax every year. This is my quick and dirty estimate based on last year’s combined sales of all those items (approximately £20bn) £4bn that could be spent to reform Child Benefit by introducing a much fairer and higher household income threshold (which would cost £1.4bn) and remove the 2 child benefit cap (which has an estimated cost of £2.5bn) Considering that the UK has probably the biggest and most controversial ‘pool’ of zero rated items in the world, particularly with regards to food, and that charging VAT on cakes and meat would leave more essential items such as bread 🍞 and milk 🥛 unaffected I believe it is something worth exploring Oh, and it would make the never ending Jaffa Cake debate totally irrelevant 😃 Thoughts?

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💡 If you're looking for more information about the changes to Inheritance Tax announced in the #AutumnBudget, take a look at this detailed overview from Kreston Reeves 👇 #Budget #IHT

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Self-Assessment Second Payment on Account 2024-2025 https://lnkd.in/eUhNKY7E Please see the 🔗 👆 on details and how to arrange the Tax Payment Just a short summary The Main Payment options 👇 - Online Bank Transfer (Simplest and fastest method) - Visit to the Bank/Building Society to arrange the transfer (probably more challenging with some many local branches closing down permanently ) - Debit/Credit Card payment through HMRC portal - Cheque by post (As the Due date is so close this maybe flagged as received late) Please ⬇️ - Check any recent correspondence from HMRC Or - Login to your HMRC Personal Account Or - Speak to your Accountant if you have used one to see if there is anything owed Late payment will result in late interest being accrued until the tax has been paid ⏰ HMRC will also post reminders Please note if you have changed Correspondence to be received by online rather than post then you will have to login

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HMRC has relaxed the payrolling benefits of kind proposals: "The government announced that from 6 April 2026 employers will be required to report and pay Income Tax and Class 1A NICs on most BiKs in real-time on the Full Payment Submission. Following the announcement officials met with trusted stakeholder groups....to discuss the government’s plans. They gave us a lot of useful feedback which mainly centred around the potential for increases in employer administrative burdens in relation to reporting all BiKs in real-time. As a result of the valuable feedback we have received from stakeholders we have made amendments as to how mandatory payrolling of BiKs will be taken forward. The main changes are:  1. the delivery of the work to mandate the real time reporting of and payment of tax on BiKs will be phased in from April 2026 – this will mean that all BiKs, with the exception of employment related loans and accommodation, will be mandated to be reported via payroll from April 2026 2. voluntary payrolling will be introduced for employment related loans and accommodation from April 2026. The P11D and P11D(b) process will still be available for those that do not want to payroll these BiKs. The government intends to mandate these BiKs and will set out a timeline in due course 3. an end of year process will be introduced to amend the taxable values of any BiKs that cannot be determined during the tax year. However, we expect the taxable values of most BiKs to be reported as accurately as possible during the tax year 4. we will continue to monitor the penalty position, from April 2026 to April 2027, whilst customers get used to the new process of reporting BiKs to HMRC. We recognise that there will inevitably be a period of adjustment in the first year Stakeholders told us that employment related loans and accommodation would still be burdensome to payroll even with amendments made to the calculation process to determine the taxable value of these BiKs. For this reason, forms P11D and P11D(b) for Income Tax and Class 1A NICs respectively will remain available to those who do not wish to use the voluntary payrolling option to report these BiKs. These forms will not be available to report any other BiKs. Employers who are able to payroll these BiKs will need to register to payroll them in a similar way to how they would register to voluntarily payroll BiKs currently. A timeline for mandatory payrolling of these BiKs will be set out in due course. For all payrolled BiKs, employers must ensure that reported taxable values for BiKs are as accurate as possible. Any corrections must be made during the year as soon as information about the taxable value of a BiK is known. If a discrepancy is found in-year, the employer must rectify their payrolled figures using the remaining Full Payment Submissions for the tax year. An end of year process will be introduced to amend the taxable values of BiKs that cannot be determined during the tax year."

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🎉 The answer to our VAT quiz is here! 🎉 This time, the correct answer is... A) Taxed as a Pollutant in Sweden!! 🐘 Who got it right? Let us know in the comments! ✅ And if you missed this one, don’t worry – more fun quizzes are on the way! #VATQuiz #AnswerReveal #Accountancy #DeeksVAT #TaxTrivia #GotItRight #FridayFun

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🚨🚨News Flash 🚨🚨 So excited to feature in Sage's new AI and accounting policy report Going for Growth with ACCA and Demos. It reveals the huge growth opportunity this technology presents for both bookkeepers and accountants and the wider UK economy. The report found: ✅ High levels of AI adoption in every UK practice could add £2bn to GDP and create an additional 19,000 jobs. ✅ AI adoption is on the rise. 26% of practices have implemented AI today, expected to increase to 52% in five years. ✅ Accountants and bookkeepers are technology optimists. 61% believe AI will create more opportunities than risks. ✅ Unless tackled, an AI skills deficit will restrict the adoption of AI. Only 16% feel well prepared to meet the AI skills demand. We look forward to staying part of the debate to ensure we can unleash the potential of AI across the accounting industry. 👉👉 Head to the Sage website to find out more Bee Motion | Cerana Official

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https://lnkd.in/eG38Stkf Basis period reform. If you’re a sole trader or partner in a partnership with a normal financial year end other than 31st March or 5th April, then this is imoortant reading for you. #soletrader #selfassessment #basisperiod

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Before the close of each accounting period (or financial year) for every owner-managed business, the directors/shareholders must review the below: 1️⃣ Does the business still qualify as a trade for CGT and IHT purposes? 2️⃣ Have there been any changes in the nature of the business activities? 3️⃣ Are there any future planning issues to consider? 4️⃣ Have cash balances built up to an excessive level, compared to the needs of the company? When it comes to accounting and tax matters, it is necessary to be PROACTIVE, and not REACTIVE. As a young, dynamic team of Chartered Tax Advisors, we ensure proactivity when it comes to tax planning. We can help on the above. Why do the above 4 points matter? The 'status' of the company potentially affects valuable tax reliefs, namely: • Business Asset Disposal Relief for capital gains tax • Business Property Relief for inheritance tax • Substantial Shareholding Exemption for corporation tax Trading status may also impact on the type of expenses that are allowed under the 'wholly and exclusively' rule, as well as what is reasonable in terms of remuneration levels. Elsewhere, a change in trading status may result in unrelieved losses. There is lots we can do to help owner-managed businesses reduce their tax burden significantly, eliminate risk and avoid unnecessary pitfalls. Ultimately, we assess your objectives and goals (both for the company and as shareholders) and help you achieve them tax-efficiently. 😎 ASWATAX #taxadvisory #taxplanning PS written by me. No AI. 😝

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Check this out! Who's not registered yet? London already sold out and 8 tickets left for Manchester We say "sold out" but we are not selling anything.... Places are complementary for accountancy firm leaders (partners, tech and audit!) at mid to top tier firms... Not a programme full of sales pitches... Just high quality and practical "Alternative" content curated in the "Alternative" way! See you there! #accountancy #accountants

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Top 3 challenges facing firm owners: 1. How to win new clients 2. How to charge higher prices 3. How to grow their firm Good news 👇 I hit those 3 challenges head on in my talk at Accountex last month And I now have the full on demand replay to share Want access? Comment ‘RECORDING’ below and I’ll get it sent across

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