10 Things you didn’t know about unw

  1. unw has its very own ‘Iron Man’ in the form of partner Michael Morris who would whop you in an Iron Man challenge, triathlon or marathon.
  2. Our brand new website has just gone live.
  3. At Christmas our team raised nearly £1,000 for the Sir Bobby Robson Foundation.
  4. We now run free “energiser” sessions for businesses looking to develop their business strategy.
  5. We have a specialist in every aspect of tax – you name it, we can sort it.
  6. Partner, Andrew Wilson, has four joints in his little finger – or does he?
  7. We house the region’s largest and most successful grant advisory team who have helped businesses in the region secure a whopping £60m worth of grants.
  8. We have well over 100 dental clients and partner Alan Suggett is recognised nationally as an expert in his field.
  9. We support companies from inception (start ups) through to exit (disposal, listing, passing to next generation).
  10. We like fish.

Other news

  1. 2014
  2. 2013
  3. 2012
  4. 2011
  5. 2010
  6. 2009
  1. Metro’s corporate travel scheme hailed a success by transport chiefs

    Commuters from 65 companies across the Tyne and Wear Metro network have benefitted from a corporate discount scheme which was re-launched in January 2914.

    Employers are signing up for a staff travel scheme on Tyne and Wear Metro in record …

  2. Coming soon to a dental practice near you!

    The future of dentistry is in the melting pot, and it’s almost certain that this will impact on the practice you visit.

    Changes are coming to dentists who are contracted to supply NHS services in the form of a “Reformed” …

  3. The Autumn Statement

    The Chancellor stood up yesterday to make the last Autumn Statement of this Parliament with a background of encouraging economic growth, but disappointing tax receipts.

    Our Summary highlights some of the proposed tax measures.   If you would like to discuss …

  4. HMRC Policy on VAT treatment of defined contribution pension schemes

    HMRC has today released Revenue and customs Brief 44/2014 entitled “VAT treatment of pension fund management services”.

    The brief has been issued following a review by HMRC into the correct treatment on charges levied for the administration of “Defined Contribution” …

  5. UNW advises drug wholesaler in crucial finance raising

    Deal experts at business advisers and chartered accountants UNW have assisted a Northumberland pharmaceutical wholesaler to secure a six-figure funding boost to grow its business and create 25 jobs.

    UNW’s corporate finance team advised the highly experienced shareholders of Cramlington-based …

  6. OTS report on review of the competitiveness of the UK tax administration

    The Office of Tax Simplification (OTS) recently published its final report on ‘Review of the competitiveness of the UK Tax administration’.

    It finds that UK tax administration is competitive, but we can do better.   The report has a number of …

  7. Dentists defeat NHS England in contract battle

    Two Northampton dentists have successfully challenged NHS England’s guidance relating to incorporation of their NHS contracts.   NASDAL members, Alan Suggett and solicitor Ray Goodman both congratulate the dentists and their barrister on their success in achieving changes to their contracts.   …

  8. UNW Charity Bulletin November 2014

    The November issue of the UNW Charity Bulletin is now available to download here:    Charity Bulletin November 2014

    Mark Hetherington’s lead article focuses on the overhaul expected on the VAT treatment of pension schemes.   HMRC announced that additional guidance would …

  9. HMRC announce a review into the UK’s VAT grouping rules

    In Revenue and Customs Brief 37/2014 (published 13 October) HMRC have announced they are considering the implications of the much publicised decision of the CJEU in the case involving Skandia America Corp and the inclusion of its local branch in …

  10. UNW’s green fingers help Caring Hands as its first corporate backer

    UNW have got their hands dirty and handed over around £5,000 after becoming the first ever corporate supporter of small Tyneside community charity, Caring Hands.

    The Newcastle-based firm of chartered accountants will now raise funds exclusively for Caring Hands until …

  11. HMRC policy on VAT recovery by holding companies

    HMRC has today released Revenue and Customs Brief 32/2014 entitled “VAT – policy on holding companies”.

    The brief states it has been issued to clarify the outcome of separate litigation in a case involving British Airport Authority and a holding …

  12. UNW Keeps significant technology transaction in the North East

    Business advisers UNW have helped secure a major boost for the North East technology sector after it advised on the significant sale of a County Durham online assessment company to the UK’s largest school assessment provider.

    Newcastle-based UNW’s corporate finance …

  13. VAT Rules set to change from 1 January on electronically supplied services

    Look closely at receipts for downloaded media sold by the big household names and you will see that only a small amount of VAT is being charged (typically 3%), and in almost all occasions the VAT charge will originate from …

  14. Let’s Grow – Applying to the Fund

    Neville Bearpark, corporate finance partner at UNW, which undertakes the Let’s Grow appraisals, gives some guidance on how to make a successful application.

    Neville says: “The Let’s Grow programme must meet strict rules laid down by the Government and the …

  15. UNW completes hat-trick of deals in a week

    Dealmakers at business advisers and chartered accountants UNW brought three deals – one acquisition and two fundraisings – over the line in the same week.

    UNW experts in corporate finance, audit, tax and from the Newcastle firm’s dental business unit, …

  16. Court of Appeal supports HMRC’s stance on denying VAT reclaims on restructuring/deal fees

    On 24 July, the Court of Appeal handed down its decision in a long running case between HMRC and Airtours, finding favour with HMRC.

    In this case, Airtours had incurred VAT of £1m on adviser’s costs associated with a review …

  17. UNW helps business growth fund hit £100m milestone

    A regional investment fund launched to fast-track economic growth has committed more than £100m to North East firms.

    The £125m Finance for Business North East programme, a ground breaking suite of seven funds managed by North East Finance, reached the …

  18. Dental franchising outfit secures investment to expand

    A dental franchising firm brand is set to open practices under its own brand in its native North East for the first time after securing a £400k investment package.

    Country Durham-based Dentist Direct offers modern dentistry services in high-spec, design-led …

  19. Time limits for challenging decision of HMRC are tightened further

    With effect from 1 June 2014, the ability to appeal a decision of HMRC outside of the statutory 30-day time limit will become much harder and in order to proceed to appeal will require consent from the Tax Tribunal.

    In …

  20. HMRC having further thoughts on VAT costs for Pension Funds

    Following another decision by the European Court involving VAT costs for employer pension schemes, HMRC have announced they are deliberating further their policy on the VAT treatment of pension scheme costs, and the employer’s entitlement to recover VAT incurred on

  21. Northeast advisers work on speedy 13-day sale of Filebase

    Dealmakers at business advisers UNW and Square One Law worked round the clock to sell a family-run information management business to its AIM-listed buyer in record time.

    It took the Newcastle teams just 13 working days to secure the sale …

  22. UNW advises on the Empress management buyout

    One of Tyneside’s most iconic and best loved bars has undergone a management buyout supported by business advisers UNW.

    The Empress, situated on the cobbled bank leading to the Quayside near St Nicholas’ Cathedral, Newcastle, will now undergo a facelift …

  23. Regional Growth Fund RGF Round 5 – Winning bids announced

    The Department of Business Innovation & Skills announced on 10 April the winning bids for Regional Growth Fund RGF Round 5.  Successful applicants will need to engage Due Diligence specialists quickly to meet the BIS deadlines.

    The UNW grants team …

  24. Volatility on the increase in UK dental market

    The latest goodwill survey from NASDAL for the quarter ending January 31st of this year shows that the North-South divide is reflected in dental practice sales figures. The deals also reflect the ongoing popularity of mixed practices.

    Alan Suggett, …

  25. RGF Round 5 – Due Diligence requirements

    Regional Growth Fund “RGF” Round 5  announcements are expected imminently.      Details of our Due Diligence services and contact information for the UNW Grants Team can be found in our RGF brochure below.

    RGF Due Diligence March 2014


  26. P11D Deadline approaches!

    As we are approaching the end of the 2013/14 tax year, it is time to start thinking about preparing P11D and P11D(b) forms which record expenses and benefits provided to employees.    It is incumbent upon employers to prepare P11Ds and …

  27. The Budget 2014

    Chancellor George Osborne presented his fifth Budget yesterday with at least one eye on the General Election next year.   He reiterated his theme from the 2013 Autumn Statement that “the job is not yet done”, with austerity set to continue …

  28. BBC Radio 4 Today calls upon UNW tax expert

    Radio 4 David Ward Budget Interview

    David Ward, Tax partner with UNW, had an early morning start on the morning of Budget Day.   The Today programme was broadcasting from a pop up studio at Newcastle Airport.     The programme, which runs …

  29. Budget highlights for dental professionals

    UNW tax team have highlighted some key points from the 2014 Budget that might be of specific interest to dental professionals either on a business or personal basis:

    • Maximum amount of expenditure on plant & machinery eligible for 100% annual
  30. NASDAL benchmarking stats show private practices in recovery

    For the first time in eight years, the profit level of the average private practice is almost the same as the average NHS practice, based on the latest benchmarking statistics from NASDAL.  The average net profit in 2012/13 for a …

  31. More good news for Pension Funds on VAT costs

    The European Court has today offered some welcome respite for Defined Contribution Pension Schemes, ruling that the management fees paid by those funds should be VAT exempt.

    The ruling is contrary to the practice applied in the UK by HM …

  32. Growth Vouchers

    An interesting opportunity in relation to financial project fees has recently been created by the Government – GROWTH VOUCHERS.

    It could be possible for you to secure up to £2,000 of funding towards our fees helping you with your growth …

  33. UNW helps project manage global marine insurance merger

    The merger of two global, North East-headquartered maritime insurance organisations – who together will have a half a billion dollar turnover making it one of the region’s most significant transactions of recent years – was project managed by business advisers …

  34. UNW adds to its team with London corporate finance specialist

    A deals expert, who ran, restructured and sold an £11m turnover London-based learning company under the age of 30, has joined the corporate finance team at business advisers UNW.

    John Healey, 31, has joined the Newcastle-based professional services firm as …

  35. Will your dental practice benefit from up to £2k Employment Allowance?

    A new Employment Allowance, which could reduce practice-owners’ employer Class 1 National Insurance Contributions (NICs) by up to £2k each tax year, is due to be introduced from 6 April 2014.

    NASDAL member Alan Suggett says guidance on the new …

  36. UNW appoints outsourcing and cloud accounting leader

    Expanding business advisers and chartered accountants UNW have attracted a senior manager from global consumer goods giant P&G to head up its cloud accounting outsourced service.

    Newcastle-based UNW have appointed Alison Gould, who spent 12 years in accounting and finance …

  37. Pension fund costs – HMRC remove block to VAT recovery for employers

    As highlighted in our News last year, a case in the European Court (CJEU) has cast doubt on HMRC’s policy of restricting recovery of VAT incurred by employers on pension fund costs only to those of administration of the fund.  …

  38. Young dentists demonstrate confidence in their futures

    The latest goodwill figures from NASDAL show that the average price paid for all dental practices is 100% of turnover with NHS and mixed practices still commanding higher than average values.

    The survey for the quarter ending October 31st featured …

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