Welcome to unw’s first email newsletter. It aims to keep you up-to-date with the latest unw and national financial news.
Season’s greetings and a good 2005 to you all.
Latest News
SUNDERLAND AFC SIGNS A MONEY SAVING DEAL
Sunderland Football Club has secured a major new signing – and it’s one which is designed to save money rather than cost millions. unw chartered accountants have been hired by the Club to provide outsourcing work, including payroll bureau and specialist payroll tax advice...
UNW REACHES ZENITH AND SWEET SUCCESS
Zenith Group Limited, the highly successful television production company behind prime time programmes such as 55 Degrees North and Byker Grove, has chosen Newcastle-based unw chartered accountants to carry out audit and tax work for its offices in London and Newcastle. Zenith previously used a London firm...
GRANTED AN AUDIENCE IN ATLANTA
From Newcastle to Chicago, advice from unw’s Brendan Regan about business grants and how to set about winning them has attracted packed houses on both sides of the Atlantic...
HELPING TSG TO GROW
unw is helping Technology Services Group (TSG), one of the fastest growing companies in the north east, fulfil its ambitious acquisition targets...
Financial News
THE DANGERS OF POT
Draconian new tax rules are being introduced from next April under which individuals can be taxed for continuing to live in a house they have given away – typically to their children...
TAXATION OF COMPANY VANS FROM APRIL 2005
Changes to the way employees will be taxed for the private use of their company vans will come into effect on 6 April 2005. Currently employees who use their company vans for private use incur a taxable benefit of £500 (£350 if the van is over four years old). Private use of the van includes home to work travel and, therefore, a benefit arises even if the employee’s only private use relates to journeys from home to work...
COUNTDOWN TO IFRS
Up to 500 listed companies in the UK could struggle to comply with international financial reporting standards from the new year. Around a quarter of those companies required to move to IFRS from 2005 are still well behind in their preparations and could suffer when it comes time to report under the new regime...
IS IT A RESIDENCE IN THE TAXMAN’S EYES?
In the last few years we have seen many more people buying a second property. For some this may be an investment or holiday letting, but for others it will be a second home. It may be that a flat in town is used as a residence on weekdays with a cottage in the country used at weekends and during holiday times as an escape from the hustle and bustle of city life...
unw Events
BREAKFAST BRIEFING
Tuesday 15 February 2005 - 7.50am-9.00am
SOLICITORS' ACCOUNTING RULES - OK?
Simon Richards, tax partner and Catherine Young corporate services partner look at the accounting rules and tax issues which particularly affect lawyers.
Contact Ro Duns for further details:
Tel: 0191 243 6014.
Email: roduns@unw.co.uk
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We welcome your comments or suggestions for future news items in News that Counts.
unw chartered accountants, Citygate, Newcastle upon Tyne. Tel 0191 243 6000.
Email: enquiries@unw.co.uk
Deal Summary
These are just some of the deals that unw have completed recently:
Disposal of asset and undertaking to Crysacol Limited.
Management buy out of J & M Sewing Service by the Managing Director, Stephen Wroe and Operations Director Theresa Tiffin.
JT Dove Ltd, a supplier of timber, plumbing and building materials, acquired Auckland Timber & Builders Merchants Ltd, also a supplier of timber and building materials.
Advise on the successful application for a Selective Finance for Investment in England (“SFI”) grant.
Management buy out of trade and certain assets of the Rural Land Management division of Clarke Scott-Harden Property Consultants.