Accounting Roundup : Business news, updates and advice – August 2018

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07 August 2018

Welcome to August's Accounting Roundup where we explore the latest real world and local news, tax updates, financial and business advice and accounting matters.

General

Football fever together with the summer heatwave swept the nation in July and with the England team making it far further in the tournament than was ever expected, it could have helped the UK economy recover from its slowdown.

Leeds has made it onto the final shortlist for Channel 4's new national headquarters. The broadcaster has announced that Leeds, Birmingham and Manchester are still in contention and will enter the final round of negotiations.

One of our clients Leeds Children's Heart Surgery Fund (CHSF) recently celebrated raising over half a million pounds to invest in its new heart theatre in Leeds. The 'Keeping The Beat' campaign was launched two years ago and has since received overwhelming support.

CHSF have also now moved into their new home in Leeds - retired cricket umpire and CHSF ambassador Dickie Bird was there to officially open the new office!

We have over 30 years’ experience working with charities in Leeds and the Yorkshire region providing specialist charity accountant services for all types of not for profit organisations - contact us if we can help

Tax

Here's an interesting article - and maybe a controversial one?! Ministers are considering a “retirement levy” which would mean taxpayers paying a lump sum to the Government to help meet the increasing costs of residential and social care in later years.

The proposal is that retirees would make a one-off payment into a ‘national care fund’ which help meet the cost of their stay in residential homes.

What do you think? We would welcome your comments!

If you or any of your contacts require any tax advice simply contact us on 0113 398 1100 or email leeds@hwca.com

International

We are an active member of Geneva Group International (GGI) which enables us to put clients in touch with top quality advisors throughout the world, who we have personally met and can recommend.

Pensions

When did you last review your pension, finance and investments?

We recommend our clients to Tilney, one of the UK’s leading private client investment and wealth management company who provide top quality, solid and practical pensions advice You can sign up to their newsletter and financial planning magazine.

For pension and retirement advice, or to book a no obligation review, please contact Charles Coade direct on 0113 224 5544 or email charles.coade@tilney.co.uk or via our Leeds office on 0113 398 1100 or email leeds@hwca.com

We also support a wide range of businesses with online Payroll outsourcing. Our managed payroll services also make all necessary submissions to the tax authorities on your behalf.

If you feel you have comments, questions or thoughts on our Accounting Roundup please let us know – honest feedback is always welcome!