Warrener Stewart continues to grow

02 November 2017 • Warrener Stewart News

The current economic climate has not deterred five young professionals choosing accountancy as a career and joining chartered accountants in Fulham, Warrener Stewart. As chartered accountants and chartered tax advisors, Warrener Stewart specialises in meeting the needs of small and medium sized business, helping them to fulfil their business potential. The five new starters specifically choose Warrener Stewart because they wanted the opportunity to work with SMEs from a variety of sectors.

All-(3).JPG

Pictured above are (left to right): Fo Uwhubetine, Demi Brindley, Victoria Ikudehinbu, Alex Hollomby, Ali Dessain.

Joining the Audit and accountancy team are Ali Dessain, Demi Brindley and Fo Uwhubetine. For recent history graduate Ali, this is his first stepping stone towards a career in accountancy, following his graduation from Trinity College in Dublin. Whilst for Demi, having completed her AAT qualification in 2013, she has also chosen to continue her career as a Chartered Accountancy trainee and study for her ACA Qualification at Warrener Stewart. Likewise, Fo, having studied Accountancy and Financial Management whilst at the University of Hull, is keen to progress her career in business whilst training with Warrener Stewart.

Warrener Stewart’s Tax department has grown steadily over the past five years, providing advice to both businesses and their owners on UK and international tax issues. It was this diverse nature of the Tax department which attracted Accounting and Finance graduate, Victoria Ikudehinbu to join the team so she could expand her career in US tax and continue to study to become an Enrolled Agent alongside her ATT exams. As a recent Classics graduate, Alex Hollomby has chosen to put his attention to detail to good use by launching himself into a career in tax.

“In the current economic climate our clients are relying upon us more and more for business and tax advice. Through our recent recruitment we can continue to grow and maintain a high level of service to our clients,” commented Colin Edney, joint managing director of Warrener Stewart. 

Warrener Stewart helps new business bank set up

17 October 2017 •

The banking sector in the UK has recently seen several new banks evolve; one of the latest, Redwood Bank, a new bank focused on small to medium sized businesses, used Fulham chartered accountants, Warrener Stewart’s expertise to help set their company up.

Co-Founder of Redwood Bank, Jonathan Rowland, enlisted senior partner, Colin Edney and his team to assist them with laying the foundations for his new bank.

“This has been a really exciting project to work on,” commented Colin. “It was very gratifying when Redwood Bank’s full banking licence went live at the end of August”.

Our involvement was to help Jonathan and his team to develop the right infrastructure for the company. We also supported them in providing back office support through the various rounds of financing to get the bank capitalised.”

The bank formally launched in September, with launch events in Letchworth and Warrington. With Redwood Bank providing market-leading deposit rates and a fast turnaround time for asset-backed lending, Colin believes they will fulfil a vital role in the financial market by assisting SME business customers.

“One of the reasons we wanted to work with Redwood Bank was because of their focus on small businesses; many businesses will benefit from Redwood’s fully tailored and agile approach to SME finance.”

HMRC introduce new rules on providing pay and tax information over the phone

27 July 2017 • HMRC News

It may be summer and whilst you might not want to cloud your days with thoughts of the frantic rush in January to complete your tax return, as Ryan Lane, head of personal client services at tax specialists Warrener Stewart, cautions new rules mean it might be a good time for some tax housekeeping.

“HMRC has just tightened up on their regulations relating to request from agents like us, for information on taxpayers details of employment income and tax deductions over the phone,” notes Ryan. “This means that we can no longer phone up and request instant information on behalf of clients to assist in the preparation of last minute tax returns.”

Due to a growing number of security issues, HMRC has recently introduced a policy whereby taxpayers may continue to request the information over the phone, however, the data will now be sent directly to the taxpayer by post which could take several days or even weeks.

“January is normally a busy month as people rush to collate all the information needed to submit their personal tax return,” Ryan continues. “With the introduction of these new measures we need to build in additional time, up to at least three weeks, to factor in information requests to HMRC to be able to submit an individual’s tax return if their P60 or P45 documentation has gone astray. Whilst summer is not the most traditional time to think of tax returns, a few moments spent now submitting a request for your 2016/2017 information or sending on the P60 to us now could mean filing on time in January!” 

Change to Persons of Significant Control (PSC) Notifications

21 June 2017 •

The person of significant control (PSC) regime introduced from April 2016 will see important changes come into effect from 26 June 2017. From that date any changes to a Company or LLP’s PSC information will require notification to Companies House on an event by event basis as opposed to annually via the Confirmation Statement.

These changes are necessary in order for the UK to comply with the EU Fourth Money Laundering Directive which takes effect from 26 June 2017.

At present companies are required to report PSC information on an annual basis within their Confirmation Statement submission. Any changes required to the PSC register are made within this submission alongside updates to changes to shareholders, share capital, SIC codes etc.

The new procedures require PSC information to be updated as and when changes occur. New PSCs, ceasing to be a PSC and changes to existing PSC details must now be updated on the company’s own PSC register within 14 days and then the company has a further 14 days to report the changes to Companies House. In essence, any changes must be reported to Companies House within 28 days of them occurring. The relevant changes must be reported to Companies House via the new PSC01 to PSC09 forms and equivalent LLPSC01 to LLPSC09 forms for LLP’s, or, as is now more common, through Companies House Webfiling.

With these new changes in mind, it is imperative that when changes take place to share capital, shareholdings, appointments and terminations of directors, that the PSC register is reviewed and updated at the event date so any changes to the PSC records can be notified to Companies House within the required time frames to avoid penalties.

Commenting on this new regime Gary Chapman, one of Warrener Stewart’s directors, said; “In many cases Warrener Stewart assist our corporate clients in meeting their statutory reporting requirements with Companies House. We do not anticipate that compliance with these changes will present any problems provided, of course, that our clients continue to notify us promptly of changes to PSC or other statutory details. If in any doubt company management should contact us immediately.”

A Marathon effort from Ashleigh

27 April 2017 •

As a qualified Enrolled Agent and part of Warrener Stewart’s tax team, Ashleigh spends her working day helping clients meet their US tax responsibilities. But for the past four months, when not at work Ashleigh has been in training to run the 2017 Virgin Money London Marathon.

Ashleigh-pix.jpg

On Sunday, 23rd April, Ashleigh was one of the 40,000 runners who took to the streets of London to run the 26.2 mile course. Not only did Ashleigh finish the race in a very respectable 4:32.57 she also managed to raise £1,600 in donations for her favoured charity, BRACE who fund vital research into Alzheimer’s.

“We are all very impressed with Ashleigh’s achievement,” commented director of Warrener Stewart, Gary Chapman. “Her dedication to her training certainly paid off!”

Donations can still be made to Ashleigh’s Virgin Money Giving Fundraising page to help her reach her target of £1,800.

 

Warrener Stewart welcomes a new Director

10 April 2017 • Warrener Stewart News

_MG_5066.jpg

Warrener Stewart is pleased to announce that Ryan Lane has joined the Board of Directors of Warrener Stewart and has taken an equity stake in the business.

“Ryan’s appointment as a director of the company represents a continued strengthening of our senior tax team, providing a solid platform for future expansion of our corporate and personal tax services,” commented joint managing director, Colin Edney. “Ryan has worked very hard towards this day and his appointment is well deserved.  We all look forward to a long and successful partnership with him.”

Displaying results 1-6 (of 97)
 |<  < 1 - 2 - 3 - 4 - 5 - 6 - 7 - 8 - 9 - 10  >  >| 

“we were so impressed at their quick response times and ability to resolve even the most complicated financial problem”
Pen Hadow