Category Archives: News

Cyber Security

Please be aware of businesses in Northern Ireland and Ireland being targeted by scammers who contact companies requesting credit card details to successfully complete the delivery of a parcel. The amounts requested will usually be very small, and they may use the name of another business known to you to connect you to the delivery. Delivery companies will never contact you to request payment details – they will either return the parcel or ask for cash on delivery if additional payments are due.

 

Other Top Cyber Security Tips: 

 

• Don’t open emails from people you don’t know
• Hover over links to see the real websites you are being taken to
• Look out for spelling or grammatical mistakes in unusual emails
• Review your bank and credit card accounts regularly for suspicious transactions
• Use Strong Passwords – combinations of uppercase and lowercase letters, numbers and special symbols
• Keep your software up to date – both on your computers and mobile devices
• Use anti-virus software and firewalls (and update them regularly!)
• Create difficult mobile passcodes – not your birthday or bank card PINs

 

Remain vigilant and safe this Christmas!

PKF-FPM Win Big at BEFTA Awards

PKF-FPM Accountants were the inaugural winners of the new ‘Professional Services Firm of the Year’ category at the prestigious Northern Ireland BEFTA Business Awards in Belfast.

 

The awards, now in their 13th year and re-branded from the former UTV Business Eye Awards, were presented at a glittering ceremony attended by a 600 strong business audience at ICC Belfast. Sponsored by First Trust Bank, the awards honoured companies and business leaders across 18 different categories, rewarding growth, innovation and commitment to CSR, the environment and people development.

 

Describing the calibre of those shortlisted, Richard Buckley, Editor of Business Eye commented, “We had a record-breaking entry in 2018 and both the scale and quality of that entry illustrates the strength of the local business sector.”

 

Speaking at the awards, Adrian Moynihan, Head of First Trust Bank said;

 

“The BEFTAs are Northern Ireland’s longest running business awards and are an opportunity to celebrate the stand-out organisations and leaders in our business community, while very importantly recognising the value of their achievements to our economy and wider society.

 

Everyone who has been shortlisted and our winners should be very proud of their achievements.

 

The event is also an important platform to beat the drum for the Northern Ireland business community and given the uncertain times we live in, politically and economically, we must ensure our voices are heard loud and clear at this critical time of Brexit negotiations.”

 

The awards were attended by members of Team PKF-FPM
Photograph: Press Eye

 

Michelle Hawkins and Teresa Campbell from PKF FPM Accountants won Professional Services Firm of the Year at BEFTA Awards, presented by Chris Power from Davy. Photograph: Press Eye.

ICMSA Free Seminar

Are you a borrower struggling with your farm loan or mortgage being sold to Vulture Funds?

 

Join us at FREE seminar with PKF-FPM Director Gary Digney, Keith Farry, Barrister at Law, and Pat McCormack President of ICMSA.

 

Date: Wednesday 12th December 2018 at 8pm
Venue: Killeshin Hotel, Portlaoise

 

The ICMSA invites all farmers & advisors to avail of this unique opportunity to hear experts answer issues that matter to all family farms in distress. To book your FREE place contact Margaret at ICMSA on 00353691-314677 or email info@icmsa.ie

 

 

Client Matters Issue 46

Client Matters Issue 46 with features including;

 

• Vulture funds increase Irish Activity

• Hat-trick for PKF-FPM at Prestigious British Accountancy Awards

• Brexit Briefing 07

• Tax Matters

 

To download your issue please click below

 

Client Matters Issue 46

Brexit Briefing 07

Tax Matters Issue 46

 

Irish Company Secretarial Update

There has been an amendment to the Irish Companies Act which include some important changes;

 

• If a company files an annual return late with audit exempt financial statements, those financial statements can be filed as audit exempt and the company will be required to have the following two financial years audited.

 

• There is no change to the Sec 343 District Court Applications for lost Audit Exemption.

 

• Automatic 56 days to file the annual return and financial statements from the ARD instead of having to file the annual return within 28 days and gaining another 28 days to file the signature page and the pdf financial statements – THIS HAS NOT YET COMMENCED

 

• New powers for IAASA of sanction and enforcement; changes to auditors of quoted companies and change to remove the definition of a “public auditor”

 

• It is a category 2 offence for a person or firm (who is other than a statutory auditor) to act as, describe themselves as or carry out statutory audits.

 

If you require further details please contact Patrick McKenna on 01 691 3500 or email p.mckenna@pkffpm.com

 

UK Budget 2018

The Chancellor, Philip Hammond, delivered his last Budget before the UK leaves the European Union yesterday afternoon. He proclaimed several times during his speech that “the era of austerity is finally coming to an end” and he announced a £100bn package of public spending over the next five years as part of the largest giveaway Budget since 2010.

 

Other key points include an increase in the personal allowance and the higher rate tax band to £12,500 and £50,000 respectively a year earlier than planned and an increase in the Annual Investment Allowance for eligible capital expenditure to £1m for two years. In relation to Northern Ireland, a total of £350m was committed for a Belfast City Region Deal, negotiations to begin for a Derry/Londonderry City Region Deal and £2m earmarked for Belfast City centre to help deal with the fall-out of the Primark fire.

 

Click here to download the PKF-FPM UK Budget Summary 2018.

 

If you require assistance or have any queries on the matters raised in the budget please feel free to contact PKF-FPM Director m.mclernon@pkffpm.com

 

 

UK Budget 2018: HMRC Returning to (Partial) Preferential Status at expense of Unsecured Creditors

The Chancellor in his budget yesterday is introducing changes in respect of the collection of taxes within insolvency. From April 2020, when a business enters insolvency, funds will go towards public services rather than to other creditors. This will apply only to taxes collected by a business (i.e. VAT, PAYE, EE NIC, CIS). Corporate Tax and ER NICS will continue as unsecured creditors.

 

Budget 2018 Protecting your taxes in Insolvency

 

For more information contact our Business Recovery & Restructuring Services.

 

Alison Burnside – a.burnside@pkffpm.com

Seamas Keating – s.keating@pkffpm.com

Gary Digney – g.digney@pkffpm.com