• CMA review of audit market

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    All change for audit firms?

    On 9th October 2018, the Competition and Markets Authority (CMA) launched an investigation into the audit market with the issue of an invitation to comment. This was not unexpected, as there had been very public statements by parliamentary committees and ministers, that “something needed to be done” about the state of audit. This scrutiny and […]

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    Accounting and audit if there is no deal

    The government have issued their technical notice for accounting and audit if there is no deal. Key features are as follows: Audit In order to sign off an audit report for a UK audit firm, the auditor must possess a qualification recognised in the UK. The UK will provide unilateral recognition up until the end […]

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  • AIM companies and corporate governance codes

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    AIM companies and corporate governance codes

    In March of 2018 the AIM rules changed to require that companies specified, as part of their Rule 26 disclosure obligations, which corporate governance code they were choosing to follow along with some related information. The rule took effect from 30 March 2018 for new listings, but from 28 September 2018 for existing AIM companies. […]

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  • Improve your marketing mix

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    Improve your marketing mix

    Marketing is a vital part of any business strategy. Your marketing plans should be regularly reviewed to ensure your brand is being represented in the best possible way. Even if you are not currently actively looking for new clients, you can work on marketing strategies focused on improving your reputation, increasing your offering for current […]

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  • Progressive Web App

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    The Benefits of Using Progressive Web Apps

    Progressive Web Apps (or PWAs) are local apps which behave in the same way as traditional Native Apps. They can be added to home screens, send push notifications and even work offline. With several advantages over mobile browsers and Native Apps, PWAs are the next step forward in the mobile experience and many leading names […]

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    Brexit – the view from Ireland

    Brexit – the view from Ireland Introduction You are presumably aware that Mercia operates in Ireland, with separate operating companies in both Northern Ireland and the Republic of Ireland. In both jurisdictions, there is apprehension about the impact Brexit may have, and much has been written about hard and soft borders to date by many […]

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  • Brexit uncertainties

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    Brexit uncertainties and contingency planning

    Introduction Everyone knows that the UK is set to leave the EU on 29 March 2019. What we don’t yet know is the terms on which we shall do so. Will this be a hard Brexit, a soft Brexit or something in between? How will it affect cross border transactions, taxes, duties, grants and regulations? […]

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  • Accounts monitoring

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    Accounts monitoring review

    The Charity Commission for England and Wales (CCEW) have recently published three accounts monitoring reviews: Telling your story well: Public benefit reporting by charities; Do small charity annual reports and accounts meet the reader’s needs? and Do charity annual reports and accounts meet the reader’s needs? As a reminder, all charities with income over £25,000 […]

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    Do you understand your audience?

    An effective marketing plan begins with understanding your audience. Looking closely at the facts and figures, this infographic will give you an insight into the devices and platforms that are being used by your clients and prospects. Identifying and understanding your clients and their industries will benefit your company in numerous ways. This will also […]

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  • Untitled design

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    Some relief for FHLs

    For several years now the lack of availability of Business Property Relief (‘BPR’) for furnished holiday lets (‘FHLs’) has been well known and established through cases such as Pawson, Green and Ross. The courts in these cases ruled that the holiday lets were too much of a passive investment to qualify as a business, even […]

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    Corporation tax loss reform

    From 1 April 2017, the tax treatment of certain types of carried forward losses were reformed for corporation tax purposes. Previously, trading losses could only be set against later profits of the same trade and non-trading deficits on loan relationships could only be set against non-trading profits. Carried-forward amounts could not be surrendered as group […]

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  • What is a digital link for MTD anyway?

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    What is a digital link for MTD anyway?

    Should we be wary or embrace the fact that HMRC decided to publish more information on Making Tax Digital on Friday 13th, a date on the superstition spectrum which ranges from being unlucky for some to full on paraskevidekatriaphobia (yes – it is a real word)? Unfortunately the announcements on Friday do not indicate any […]

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