News

Family Business Succession Breakfast Seminar

PKF-FPM and Dundalk Chamber would like to invite you to the Family Business Succession Breakfast seminar on Wednesday 23rd March 2016 at 9.30am in the Crowne Plaza Hotel, Dundalk. Our Managing Director, Feargal McCormack will deliver the presentation which promises to be an insightful look not only at family businesses but the DNA and culture that is in place in successful growth businesses. It is recognised ...

Homeworking costs for the Self-Employed

Question.  I am self-employed and I operate my business from my home. Can you please explain to me what “home expenses” I am able to claim as an expense against my business income?  Answer. Over the last ten years technology has advanced massively. It was not so long ago that mobile phones were the size of a brick. Now emails and the internet can be accessed on ...

Down GAA Jailbreak Booklet

Michael Farrell, Director of PKF-FPM Accountants Limited would like to thank all those who assisted in his release from Crumlin Road Gaol as part of the Down GAA Jailbreak event. Please see link below to the Down GAA Jailbreak Booklet which includes copies of the adverts / sponsorships. Down GAA Jailbreak Booklet 2015  

Cash basis for the self-employed

Question. I am starting a small business and I have read that I can apply the cash basis rather than the normal accruals basis for preparing my accounts. What are the rules for using the cash basis? Answer. If you run a small business, cash basis accounting may suit you better than traditional accounting. This is because you only need to declare money when it comes in and ...

Willie Walsh – Keynote Speaker At PKF-FPM/Ulster University Business School Leadership Talk

IAG Chief Executive Willie Walsh was keynote speaker at the PKF-FPM Annual Leadership Talk, Management Month initiative held in association with the Ulster University Business School, at the Belfast Campus on Tuesday 9 February 2016. Originally from Dublin, and now based in London, Willie Walsh began his career as a cadet pilot with Aer Lingus in 1979, subsequently becoming its Chief Executive in October 2001, just ...

PKF-FPM ROI Newsletter

To download Issue One of our 2016 ROI Newsletter please Click Here  

Business motoring – tax aspects of outright purchase, leasing or hire purchase

Question:  I run 2 businesses, one as a sole trade and the other through a limited company. What are the different ways that I can purchase vehicles for these businesses and what are the tax implications? Answer: Motoring costs, like other costs incurred which are wholly and exclusively for the purposes of your trade are tax deductible but the timing of any relief varies considerably according to ...

Making tax digital – where are we heading?

Question: I am a self-employed building contractor with a small team of men working for me. My accountant completes my accounts and tax return in January each year. I have read about HMRC’s new digital system and that I might have to do my accounts up to four times a year. Can you explain what is changing?   Answer: In the Budget speech on 18 March 2015, the ...

Beware Child Benefit and tax if you have a high income

Question: I am married with two kids and I have recently earned a promotion at work and my annual pay has increased from £48,000 to £52,000. I still receive child benefit and I have read that I may have to pay more tax due to my increase in salary. Is this correct? Answer: Child Benefit has always been paid to families with children, regardless of household ...

Client Matters Issue 39

Please see link below to a copy of Client Matters Issue 39 – the newsletter from PKF-FPM Accountants together with Issue 39 of Tax Matters. Client Matters Issue 39 Tax Matters Issue 39 This issue covers topical business interest stories including: Family Business; Willie Walsh to be guest speaker at Leadership Talk; HMRC Liabilities on Voluntary Arrangements; PKF-FPM Client Successes; and Bye, Bye, Buy to let? For further information contact PKF-FPM Accountants at info@pkffpm.com.