News

Nicole Curran chats about her role as President of Newry Junior Chamber of Commerce

Nicole Curran chats to Rowan Hand on ‘Good Morning Newry & Mourne’ about her role as President of Newry Junior Chamber of Commerce. To view the show please click here

Breakdown of main Budget points

Question. What were the main announcements in the Chancellor’s recent Budget? Answer. This month Chancellor George Osborne unveiled his final Budget before the general election, telling MPs “Britain is walking tall again”.  Mr Osborne hailed slightly better than expected growth figures, which suggest the economy will expand by 2.5% this year. Some of the tax measures announced include a relaxation of pension rules from April 2016 to ...

How to release cash from property assets

Question. I acquired an investment property several years ago in Ballycastle which I regularly use as a holiday home.  I paid £100,000 for the property in 1993 and my mortgage is currently £80,000.  Similar properties in the area are selling for about £150,000 so I am considering selling the property and releasing some cash to help pay for my son’s university fees in September.  What tax ...

PKF-FPM UK Budget Summary 2015

Please click on the link to view the PKF-FPM 2015 UK Budget Summary brochure.

Post Budget Breakfast 2015

  The Irish News PKF-FPM Post Budget Breakfast 2015 As we head towards the General Election and the end of the tax year, this years budget is vitally important… Join with us as we navigate through the content of the Budget and help you plan your Tax affairs. Guest speaker is Brian Keegan, Director of Taxation, Chartered Accountants Ireland.   Date: Wednesday 25th March 2015 Time: 7.30am – 9.30am (Breakfast 7.30am – 8.10am) Location: ...

How to get tax relief on research and development

Question. My business is incurred costs this year relating to research and development activities of the business.  Can I claim any enhanced tax relief on these costs?   Answer. Research and development (R&D) by UK companies is being actively encouraged by the Government through a range of tax incentives.  The incentives are only available to companies and include an increased deduction for R&D revenue spending and a ...

Here comes the Bride…….. and a tax break!!

Question. HMRC recently announced a new tax break for married couples which can be claimed from April 2015. How much is this tax allowance and how can I claim it? Answer. It is believed that more than 4 million married couples and 15 thousand civil partnerships stand to benefit from the recently announced Marriage Allowance, according to official government estimates. In a bid to reward commitment and stay-at-home spouses, ...

FRS 102 – what are the implications… is your business ready?

What is FRS 102?                                                                             For accounting periods commencing on or after 1 January 2015, FRS 102 will replace current UK accounting standards for all companies, except those who apply International Financial Reporting Standards (IFRS) or the Financial Reporting Standards for Smaller Entities (FRSSE). What are the main changes? FRS 102 brings changes to both the figures within financial statements along with the format of and the disclosures required.  ...

Is your charity ready for SORP 2015 + FRS102 / FRSSE Changes ?

Charity Accounting – changes are coming… are you ready? What’s new? It was recently announced that two new Charity Statements of Recommended Practice have been introduced for accounting periods commencing on or after 1 January 2015.  They are called the Charity SORP 2015 (FRS 102) and the Charity SORP 2015 (FRSSE). Why two SORPs? For accounting periods commencing on or after 1 January 2015, FRS 102 will replace current ...

PKF-FPM RoI Quarterly Newsletter

Please click on the link below to view PKF-FPM’s RoI Quarterly Newsletter Issue 1 for 2015: PKF-FPM RoI Newsletter Issue 1 2015.