This websites uses cookies, by continuing to browse the site you are agreeing to our use of cookies. View our privacy policy.

A royal welcome to a possible US tax bill

08 May 2019 • US Tax returns

Damian-head-shot-2019.jpg

Amidst all the hype over the birth of a new royal baby, this latest addition could potentially be liable to pay American tax notes father of two, Damian Talbot, who specialises in UK and US tax.

“America has a complex tax system. At Warrener Stewart we specialise in helping those with US tax responsibilities. We are frequently asked about the tax implications of a child having dual US and UK citizenship. Many parents we see have a similar dilemma to Harry and Meghan that they have a child who is entitled to a US passport.”

Damian, along with several other experts on US tax recently spoke to Harriet Alexander, the New York correspondent for The Telegraph. Read the full article

Alex Eagle promoted to Associate

03 May 2019 • Warrener Stewart News

Since joining the Fulham based chartered accountants, Warrener Stewart, in 2015 Alex Eagle has shown huge enthusiasm for helping and advising the many small and growing business he works with.

In recognition of his contribution the Directors are pleased to announce that they have promoted Alex to Associate in the Firm.

"Alex is a vital part of our team here at Warrener Stewart," remarked Colin Edney, joint managing director. "Over the past three and a half years he has demonstrated great enthusiasm for Warrener Stewart his clients’ businesses and we are excited to congratulate Alex on achieving the next step in his career with us."

Alex will continue grow to his portfolio of clients, helping them with their accountancy needs whether it be advice on how to improve their business or reviewing their financial accounts for compliance.

“I have particularly enjoyed working with small businesses and their owner managers,” notes Alex. “I like being able to work alongside the owners whether they be a sole trader or a larger company. It is highly rewarding to see a business flourish and grow, often as a result of our recommendations.”

Learning while earning at Warrener Stewart

17 April 2019 • Warrener Stewart News

Training on the job is a great way to learn. Each year Chartered Accountants and Chartered Tax Advisors, Warrener Stewart, offers employees training to become a tax specialist or Chartered Accountant. 

Colin Edney, joint managing director of Fulham’s Warrener Stewart explains: 

“Training on the job helps our employees translate theory into practice. Learning to adapt and react to real business situations while applying new knowledge helps our trainees become better accountants and tax advisors. 

“As part of our trainee programme we’ve welcomed Helena Mistry as a trainee Chartered Accountant and given Liz Henry the opportunity to move from her role as a PA to start training to become a tax advisor.” Helena Mistry & Liz Henry
(Pictured l-r): Helena Mistry with Liz Henry

Fresh from graduating with a degree in economics at Manchester University, Helena started out in marketing for a start-up business before deciding to put her numerical and analytical skills to use by becoming an accountant. 

“My short spell in marketing made me realise how much I missed problem solving and being involved with numbers!” says Helena. “I started looking for a varied role with the opportunity to liaise with business owners at a medium sized accountancy firm. Warrener Stewart has a great range of clients from a variety of sectors so I knew working there would appeal to me.” 

After nine years Liz Henry was ready to move from her demanding role supporting the directors to take up the challenge of training to become a tax specialist. 

“For the past nine years I’ve supported the tax department in a variety of ways. It seemed like a natural progression to grow my responsibilities and start studying for the ATT qualification,” says Liz. 

“Initially I’ll be working in personal tax, helping compile information for tax returns and liaising with HMRC about compliance issues. In November I’m taking my first exam to become a tax technician. I’m most looking forward to being involved in more client facing work once I’ve qualified.” 

By investing in their people Warrener Stewart is providing the best possible service to their clients.

Growing the tax department

02 January 2019 • Warrener Stewart News

The arrival of the new year once again heralds the deadline for self-assessment tax returns. In advance of January’s tax deadline and the last-minute rush to complete self assessment tax returns, Fulham based tax accountants, Warrener Stewart has recently recruited another chartered tax advisor, Caroline Stoclin.  

Following a four-year degree studying both French and English law at King’s College London and La Sorbonne, Caroline started work as a solicitor in Paris, where she worked for the prestigious multinational luxury goods conglomerate, LVMH. Upon moving to London to be with her family and raise her three young children, Caroline completed her training to qualify as a Chartered Tax Advisor (CTA).

It was during her degree course that Caroline decided to specialise in tax, enjoying the problem-solving aspect, alongside understanding regulatory compliance. Rather than working within a large corporation, Caroline wanted to join a company like Warrener Stewart who advise many SME’s and owner managed businesses.

“At Warrener Stewart I have the opportunity of liaising closely with clients and using my knowledge of corporation tax and VAT issues to help a wide variety of clients,” noted Caroline. 

Seasonal Greetings

18 December 2018 • Warrener Stewart News

WarrenerStewart_Xmas2018-01-(1).jpg

We hope you have a Happy Christmas and a prosperous New Year.

Our offices will be closed from Monday, 24th December until 2nd January 2018.

This year instead of sending cards we have made a donation to St Mungo's, who work to tackle the causes of homelessness.

2018 Autumn Budget Highlights

30 October 2018 • HMRC News

Here is a review of the headline announcements together with a reminder of the measures coming into force from October and November 2018, January and April 2019, and beyond.

Measures introduced immediately

Capital gains tax: tackling misuse of Entrepreneurs’ Relief

In addition to the current requirements on share capital and voting rights, from 29 October 2018 shareholders must also be entitled to at least 5% of the distributable profits and net assets of a company to claim the relief.

Stamp Duty Land Tax (SDLT) and first-time buyer’s relief

First-time buyers relief will be extended in England and Northern Ireland so that all qualifying shared ownership property purchasers can benefit, whether or not the purchaser elects to pay SDLT on the market value of the property.

This change will apply to relevant transactions with an effective date on or after 29 October 2018, and will also be backdated to 22 November 2017 so that those eligible who have not previously claimed first-time buyers relief will be able to amend their return to claim a refund.

Structures and buildings allowance (SBA)

New non-residential structures and buildings will be eligible for a 2% capital allowance where all the contracts for the physical construction works are entered into on or after 29 October 2018.

Intangible fixed assets regime

With effect from 7 November 2018, the de-grouping charge rules, which apply when a group sells a company that owns intangibles, will be reformed so that they align more closely with the equivalent rules elsewhere in the tax code.

Measures introduced from 1 January 2019

Annual Investment Allowance (AIA)

The Annual Investment Allowance will increase to £1 million for all qualifying investment in plant and machinery made between 1 January 2019 and 31 December 2020.

Measures introduced from April 2019

Personal Allowance and Higher Rate Threshold

From April 2019, the personal allowance will increase from £11,850 to £12,500 and the higher rate threshold will be extended from £46,350 to £50,000. These will remain at the same levels for 2020-2021 and then increase in line with the Consumer Price Index.

Entrepreneurs’ Relief: minimum qualifying period

From April 2019, the minimum period throughout which the qualifying conditions for relief must be met will be extended from 12 months to 24 months.

Capital allowances special rate reduction

From April 2019, the capital allowances special rate for qualifying plant and machinery assets will be reduced from 8% to 6% to more closely match average accounts depreciation

Pensions and Savings

The lifetime allowance for pension savings will increase in line with the Consumer Price Index, rising to £1,055,000.

The annual subscription limit will be uprated in line with Consumer Price Index to £4,368 for both Junior ISAs and Child Trust Funds.

Offshore receipts in respect of intangible property (previously Royalties Withholding Tax)

From April 2019, legislation will be introduced to tax income from intangible property held in low-tax jurisdictions to the extent that it is referable to UK sales.

In the future

Corporation tax

The government confirmed that corporation tax will be further reduced to 17% from April 2020.

VAT registration threshold

The VAT threshold will be maintained at £85,000 until April 2022.

Capital gains tax

From April 2020, lettings relief will be reformed so that it only applies where the owner of the property is in shared occupancy with the tenant.

The final period exemption will also be reduced from 18 months to 9 months.

Off-payroll working in the private sector

From April 2020, responsibility for operating the off-payroll working rules will move from individuals to the organisation engaging the worker. Small organisations will be exempt.

Preventing abuse of R&D tax relief for small and medium-sized enterprises (SMEs)

From April 2020, the amount of payable R&D tax credit that a qualifying loss-making company can receive in any tax year will be restricted to three times the company’s total PAYE and NICs liability for that year.

Employment Allowance

From April 2020, the employment allowance will be restricted to employers with National Insurance Contributions below £100,000 in their previous tax year. Only larger companies will be affected.

Consultation on SDLT charge for non-residents

The government will publish a consultation in January 2019 on a SDLT surcharge of 1% for non-residents buying residential property in England and Northern Ireland.

If you would like to explore what the Autumn Budget could mean for you and your business, please call 020 7731 6163 to talk to one of our tax team. 

Displaying results 13-18 (of 125)
 |<  <  1 - 2 - 3 - 4 - 5 - 6 - 7 - 8 - 9 - 10  >  >| 

“For the past 20 years Warrener Stewart has consistently given good advice... going above and beyond their remit.”
Theo Brehony - London Preparatory School Limited