As tax thresholds remain unchanged, the number of taxpayers paying the additional rate will exceed 1 million for the first time. Tax revenue and increasing burden This year, HMRC is projected to collect £63.2 billion in income tax, contributing to a total of £272.6...
On Friday (12th July), we hosted our annual charity football tournament to raise money for Sheffield Cathedral’s Schools Singing Programme as part of the Master Cutler Challenge. We would like to thank the following firms for taking part in our tournament and helping...
Hawsons are pleased to announce that on 1st July 2024 Emma Stuart was promoted to Assistant Manager in the Audit department of our Sheffield office. Emma joined the firm in 2020 on the firm’s graduate scheme, qualifying as a Chartered Accountant in 2023. During her...
Accounting is stereotypically believed to be dull and uninteresting, however, choosing a career path in accountancy or taxation is a great step toward a successful future. It is a rewarding and satisfying job for many reasons.Why should you choose a career path in...
What is inheritance tax? The government imposes inheritance tax on the estate of a deceased person before distributing the assets to their heirs. It calculates this tax based on the value of the person's estate (the assets they own individually) above a certain...
Peter Wilmer and Jack Ware, members of the Hawsons Corporate Finance team, acted as lead advisors for TMS Europe Limited’s (“TMS”) transition into employee ownership. Ryan Fitzpatrick from Shakespeare Martineau LLP provided legal advice on the transaction. TMS Europe...
Inheritance tax guide How can I reduce any inheritance tax liabilities? Planning ahead allows individuals and couples to employ strategies for reducing the value of their taxable estate, helping them stay under the inheritance tax threshold. Below we highlight some of...
£10 daily penalty for Self-Assessment starts on 1st May Starting from 1st May 2024, individuals who have yet to submit their overdue Self-Assessment tax return for the 2022-23 tax year will incur additional late filing penalties of £10 per day (capped at a total of...
In the UK, Chartered Accountants play a crucial role in financial management for businesses and individuals alike. They are responsible for preparing and examining financial records, ensuring accuracy and compliance with relevant regulations. Chartered Accountants...
Well you can blame the Romans, especially Julius Caesar and Europe. Back in 1582 the Pope Gregory X111 commanded the change from the Julian calendar as there was a problem. It ran for 30 or 31 days for 11 months and it was only February that had 28 days (29 every 4...
This Easter we took part in Sharp Consultancy's Easter Egg Drive for charity. This year, Sharp Consultancy were collecting Easter Eggs for Paces. Paces are a leading specialist centre for children with Celebral Palsy. We would like to thank all of our staff that...
Hawsons is a member of HLB International, a global network of independent advisory and accounting firms. We are pleased to announce that HLB International has moved up two places in the International Accounting Bulletin’s global ranking to 8th position. In the 2022...