These have been busy times despite talk of a rocky economic climate. The end of the tax year is always busy but coinciding with changes in tax rules has meant a particularly hectic time recently. unw are delighted to be one of the sponsors for the Journal Deal of the Year Awards and are keen to encourage as many companies to enter. Details of the awards and how to enter can be viewed in the article below.
unw SPONSOR JOURNAL DEAL AWARDS 2008 |
| unw
LLP is delighted to be a sponsor of the inaugural Journal Deal Awards.
As advisers to many North East entrepreneurs and their businesses, we
understand the importance of a regular deal flow in the local economy.
Corporate transactions realise and create value, reward enterprise,
create jobs and generate opportunity.
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PARTNER CELEBRATES CHARITY APPOINTMENT
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| Catherine
Young, Audit and Assurance partner at unw Chartered Accountants has
been appointed Chair of the Audit Committee of the national charity
Breast Cancer Care, registered in both England and Scotland, with
effect from 1 April 2008.
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| TRUST
EXPERT ARRIVES AT unw
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unw recently celebrated the arrival of Fred Robson to the ranks of the Tax Department. Fred spent over 4 years with HMRC before enjoying a further 27 years with a local Big 4 firm. Fred is a personal tax specialist and has significant experience from working in a wide range of specialised areas including Lloyd’s underwriters, landed estates, Inheritance Tax planning, UK, offshore and previously offshore trusts, including advising on extracting funds from such trusts as well as having dealt with a wide range of clients, and particularly those with significant wealth. He has strong links within the business community and is widely regarded as an authority within his field of expertise. |
| unw SETTLES IN
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It’s
been about 8 weeks since we made the move from the ground to 3rd floor
within Citygate but it seems like a lifetime ago as we have settled in
so easily.
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| THE BUDGET 2008
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| A summary of the key points of Alastair Darling’s budget speech from 12 March together with additional information can be downloaded from our website. A pdf. of Tax Rates for the year 2008/2009 can also be downloaded from the unw website or a pocket sized version can be obtained by contacting Ro Duns either by telephone 0191 243 6014 or by email: roduns@unw.co.uk |
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| OUT OF THIS WORLD FUN AT THE DISCOVERY
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Space was the theme at unw's recent family fun day held at the Discovery Museum Whilst having exclusive access to the Museum, we also had the added attraction of the Great Hall. This huge space was easily able to accommodate the inflatable Stardome Planetarium where our guests were able to explore the night sky and learn about the myths and legends of the constellations and discover how to spot the Plough, the Pole Star and Orion. |
A roundup of deal activities that unw has recently been involved with |
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Thompson
Building Centres
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Corporate finance advice to A Thompson and Sons Limited in relation to MBO |
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Tilley Roofing and Cladding
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Disposal
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J.D.P Plastics & Rooflines LTD
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Disposal
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FERSCHL Group of Companies
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MBO
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MonsterTravel.co.uk
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Finance Raising
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| Gift Aid - transitional relief
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In the Budget on 12 March 2008, the Government announced proposals to support Gift Aid and its benefit to charities and Community Amateur Sports Clubs (CASCs). The basic rate of income tax falls from 22% to 20% from 6 April 2008. This means that, whereas a donor would be able to increase his donation from, say, £78 to £80 without loss of disposable income, in practice many donors would omit to do this, resulting in a loss of income for the charity. |
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It was as far back as November 2006 when the new Companies Act 2006 (the Act) received Royal Assent. Early in 2007 the government outlined a timetable for the Act´s implementation and at that time three key dates were announced:
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The third order commencing provisions of the Charities Act 2006 has been made, bringing a number of provisions into force on 18 March 2008. The provisions commenced by this order are:
A fuller explanation of the provisions brought into force by this commencement order is available on the Office of the Third Sector website. |
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Do you drive a company car or have employees who do? If so then you need to be aware of some significant changes to the benefit in kind rules. |
Several events are in the planning pipeline with dates yet to be confirmed. However, coming up:
Neville Bearpark and his Corporate Finance team are joining up with NStar to hold a seminar on Grants.
The unw Charity Group will be able to hear the latest news from Charity Commission at an event in June. The content will be based around a major initiative which the Commission are involved with and which we are sure will be of great interest to many.
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that Counts.
unw chartered accountants, Citygate, Newcastle upon Tyne.
Tel 0191 243 6000.
Email: enquiries@unw.co.uk
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