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unw newsletter 4 July 2007

Latest News

A FLAT TAX (RELIEF!)

It is a common complaint of property investors that as far as residential property is concerned, they receive little or no tax relief for the up front costs they often have to incur in order to make it habitable and ready for letting.

unw Welcomes Yet More New Arrivals

A "fair weather" fell walker, a trainee private pilot, a saxophone player, and an amateur food and wine buff are amongst unw's newest arrivals.

Charity starts away from home

Charity trustees should adopt a spirit of full disclosure in their annual reports.

RACE FOR LIFE

The Race for Life is the UK's women only fundraising event and is held annually at various venues throughout the North East in aid of Cancer Research.

Financial News

Capital allowances - the new proposals

When you buy a piece of equipment to use in your business you normally cannot set the full cost against that year's profits, unless the value of the item is quite small, or a special tax relief applies.

Can we look forward to a 'simpler' tax system?

Find out why this year's budget was unusual in a number of respects.

Companies Act 2006 update

An overview of the commencement timetable for Companies Act 2006 was published by the government at the end of February 2007.

Why tax matters when buying a business

Why should you care about tax when acquiring a business? Well for starters, would you like a government subsidy of 30% of the price?

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unw chartered accountants, Citygate, Newcastle upon Tyne.
Tel 0191 243 6000.
Email: enquiries@unw.co.uk

Deal Summary

These are some of the deals that unw Corporate Finance Department has been pleased to assist with during 2007

Wellstream International 

Wellstream International Limited

SFI Grant Application

unw's Corporate Finance Team assisted Wellstream International Limited with their successful SFI Grant Application to aid capital investment at the Walker Riverside facility.

Spirit Fires

Spirit Fires Limited

Financial advice

unw's Corporate Finance Team provided Spirit Fires Limited with financial advice relating to capital investment.

Arts Council

Arts Council England, North East

Grant assessment

unw's Corporate Finance Team provide assessment of Cultural Business Venture scheme applications on behalf of the Arts Council England, North East.

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