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Changes to IR35 legislation for workers who use a personal service company

Read about changes to to IR35 legislation for workers who use a personal service company.

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Ryecroft Glenton team take part in High Sheriff Fund quiz night

A team of Ryecroft Glenton staff took part in the first professional quiz night to raise funds for the High Sheriff Fund which provides grants to small charities working with disadvantaged young people in the Tyne and Wear area.

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Ryecroft Glenton staff "do their bit in their Christmas knits"

Ryecroft Glenton staff celebrated Christmas Jumper Day and raised lots of money for good causes. 

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Company car advisory fuel rates from 1 December 2015

The advisory fuel rates for journeys undertaken on or after 1 December 2015 are:

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Our Children in Need cake sale raises £405!

Ryecroft Glenton staff enjoyed tasty treats for a good cause on Friday 13 November as they held a cake sale to raise money for BBC Children in Need.

 

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Zip wire to raise money for Headway

On 1st November one of our members of staff, Stephen Armstrong, took part in a zip wire across the Tyne from the Newcastle side of the Tyne Bridge to HMS Calliope on the Gateshead side of the river, to raise money for charity. Stephen chose Headway Newcastle and North Tyneside, a charity that he has an involvement in.

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Management accounts – How much control do you have?

The law states that a company must file a set of accounts at the end of each financial year as a statutory requirement.  This set of accounts includes a balance sheet, being a snapshot of the financial position at the year-end date and a profit and loss account, usually covering a 12 month period. 

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Ryecroft Glenton "wear it pink" for breast cancer research

On Friday 23 October Ryecroft Glenton staff joined hundreds of thousands others across the country in standing together against breast cancer by ‘wearing it pink’!
For the second year running pink wigs, blouses, ties, nail varnish and even unmentionables were donned to help raise funds for cutting-edge breast cancer research, with the ultimate objective of preventing all breast cancer deaths by 2050.

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Ryecroft Glenton Corporate Finance expands its team with the appointment of deal maker, Alex Simpson

Ryecroft Glenton has announced the appointment of a talented dealmaker at its growing corporate finance division.

Alex Simpson, 28, joins the Newcastle-based firm as Corporate Finance Executive from international firm, Ernst & Young. 

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Back to the future: The UK tax system then and now

Last Wednesday, 21 October 2015, was Back to the Future Day – the date Marty McFly and Doc Brown visited in the sci-fi film sequel Back to the Future Part II. 

A lot has changed since Marty and Doc jumped into the DeLorean back in 1985.  Thirty years ago, Margaret Thatcher was in her second term as Prime Minister.  1985 was the year that the first British mobile phone call was made, scientists of the British Antarctic Survey discovered the ozone hole and the Live Aid concerts raised millions to help those affected by the Ethiopian famine.  But what did the tax system look like?

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Ryecroft Glenton marks 40 years in Whitley Bay with office investment

To celebrate 40 years working in our Whitley Bay office and throughout North Tyneside we held a reception for our clients and representatives from North Tyneside’s business community as an opportunity to visit our newly refurbished office in Park View.

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Employee share schemes: An update

The past year has seen major changes to the reporting requirements and administration of employee share schemes.  In particular, HMRC introduced a new online filing system for share scheme returns. 

Unfortunately, the new system got off to a bumpy start.  The original filing deadline for 2014/15 returns was 6 July, however this was extended to 4 August due to a number of technical issues. 

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Bealim House networking event just the tonic for north east business community

After supporting the  owners of Newcastle’s first authentic gin distillery, we raised a glass to the Newcastle business community at Bealim House’s first networking event.

Leading figures from  an array of business sectors across the region joined together for an evening of networking and fine drinks at the venue, which has invested more than half a million pounds in its redevelopment.

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Strategic focus delivers a successful summer for Ryecroft Glenton Corporate Finance

Ryecroft Glenton Corporate Finance (RGCF) has experienced its most successful summer period for transactions, which is a direct consequence of both the improving economic conditions and the firm’s innovative approach to providing clients with value enhancing strategic advice.

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Ryecroft Glenton marks 40 years in Whitley Bay with office investment

Ryecroft Glenton, one of the North East’s leading firms of accountants and business advisors, is continuing its 40-year association with North Tyneside by investing in its offices in Whitley Bay.

The firm is focusing on increasing its presence across the area to build on its existing client base, which has included undertaking a refurbishment of its premises in Park View.

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Silent auction to help children's charity increase reach in the north east draws closer

Two tickets for Julien Macdonald’s Autumn Winter 2016 Catwalk Show, as part of London Fashion Week and two VIP tickets for Britain’s Got Talent semi-finals are up for grabs at a special online silent auction to help the charity Chance UK launch a new service in the North East.

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Ryecroft Glenton team "RG Bargy" win first prize in the Kaplan factor national competition

After their success in the regional heats of the Kaplan Factor last month it was confirmed that team ‘RG Bargy’ had finished in the top 5 nationally and would complete the Krypton Factor assault course in the final.

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National Minimum Wage rates and National Living Wage

The National Minimum Wage (NMW) is a minimum amount per hour that most workers in the UK are entitled to be paid.

The following NMW rates increases come into effect from 1 October 2015:

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Company car advisory fuel rates for September 2015

The advisory fuel rates for journeys undertaken on or after 1 September 2015 are:

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Compulsory charge for single-use plastic bags


Parliament has introduced a compulsory charge on single-use plastic bags provided with goods supplied in or to England. This charge comes into effect on 5 October 2015.

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News about our recent staff promotions

A group of six members of staff have been promoted to new positions across a number of departments. 

Anthony Main has been promoted to Director of Business and Personal Tax Planning.  He takes the position after 10 years with the firm where he has built up a particular specialism advising self-employed business people, professional partnerships and high net worth individuals. 

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Accelerated Payment Notices - Ingenious Media's challenge sunk at High Court

As set out in our August 2014 newsletter, the 2014 Finance Act introduced significant new powers for HM Revenue and Customs (HMRC) that require taxpayers using avoidance schemes to pay the disputed tax upfront through the use of 'accelerated payment notices' (APN).

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Reduced rate of VAT for the installation of Energy Saving materials

In 2012 the European Commission commenced infraction proceedings against the UK claiming the UK’s application of the reduced rate for the installation of energy saving materials was not in accordance with EU law.

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Ryecroft Glenton trainees win their regional heat of the Kaplan Factor

Last month six trainees took part in a national competition organised by the training company Kaplan.

Named ‘The Kaplan Factor’, the competition followed a similar format to the classic gameshow The Krypton Factor, with six individual events testing intelligence, mental and physical skills. The top five teams in the country will have the opportunity to complete the original Krypton Factor assault course and the eventual winners will earn the charity of their choice £1,000. All proceeds from the competition are being donated to charity.

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Businesses Call On Chancellor For More Help In Budget

A new poll carried out by Ryecroft Glenton, one of the North East’s largest independent firms of chartered accountants and business advisors shows that businesses in the North East would like Chancellor George Osborne to provide more support to encourage growth.

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Touch Rugby

Ryecroft Glenton have again took part in Newcastle Falcons "Summer of Touch" competition and returned from the finals night with silverware after winning the Plate competition.

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Ryecroft Glenton, founded 1901, is an independent, award-winning firm of Chartered Accountants and strategic business advisers giving personalised support to every one of our clients.

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Address: 32 Portland Terrace Newcastle upon Tyne. NE2 1QP

Telephone: 0191 281 1292

Fax: 0191 212 0075

Email: email@ryecroft-glenton.co.uk