haysmacintyre

We are thrilled to announce that haysmacintyre has been shortlisted again for the Large Firm of the Year Award at the Accounting Excellence Awards 2024! 🏆 We were honoured to have been named winner of the award in 2023 and are delighted to be in the running once more. Natasha Frangos, Managing Partner, says of our nomination: “This recognition is a testament to our teams’ hard work, dedication, and commitment to excellence in providing top tier accounting services." A massive thank you to our teams for their support in the past year! Best of luck to all those shortlisted! You can see the full shortlist here: https://bit.ly/3LPOaFS #AccountingExcellence #AE24 

The August edition of our Charities and Not for Profit eNews is now available to download here 👉 https://bit.ly/3LYlEC9

On Wednesday, Steve Harper, Partner, hosted our second roundtable in our latest discussion series with Bond UK, alongside speakers Rose Caldwell, Executive Director at Plan International UK and Tim Boyes-Watson, Director of Resources, System and Culture at ADD International. 🌍 There were insightful conversations around mastering reserves, reviewing the latest Charity Commission guidance, and exploring full cost recovery for financial stability, concluding with refreshing networking drinks and canapes to enjoy with the sector. Our next series will be in Autumn 2024, so keep an eye out on our events page here for updates! 👉 https://bit.ly/3StM16w

📣 Calling all those within the hospitality sector! After a delay, the new Government is set to implement the Fair Tips Act 2023 (the Act) on 1 October 2024, with no further postponements expected. Nick Bustin, Employment Tax Director, outlines the key considerations for distributing tips once the Act is in effect, here: https://bit.ly/3SG3YiG 👈 Wondering how you can ensure your business remains compliant, before the implementation deadline? Get in touch with Nick to find out more.

HFM’s flagship event is just around the corner and once again we're thrilled to be sponsoring this year’s European Operational Leaders Summit 2024, on 24-25 September. 🤩 Senior Financial Services Partners, Melanie Pittas and Bernadette King, will be attending, bringing a wealth of experience, and are excited to catch up with leaders across the hedge fund sector. We'd love to say hello! 👋 Get in touch to arrange a meeting with Mel or Bernadette at the event: https://bit.ly/3DynRk3. With Intelligence

Today, organisations are facing significant expense increases without corresponding income growth. As such, businesses are looking for ways to manage costs and secure good value for money services. One solution is to strengthen procurement controls as an effective strategy to manage expenses. Rakesh Vaitha, Director and Head of Risk Assurance & Advisory Services, shares his insights on how to best review your procurement processes to maximise efficiency and minimise your cost base. Read more here: https://bit.ly/3Yy0an2

On 22 July 2024, HMRC launched a One to Many (OTM) letter campaign targeting Construction Industry Scheme (CIS) contractors. The goal? To ensure contractors verify their subcontractor population and make the correct CIS tax deductions on payments. 👷 Dinesh Pancholi, Employment Tax Senior Manager, breaks down what the CIS is, what OTM letters mean for you, and how we can assist you in navigating these requirements: https://bit.ly/3WC8NdF 👈 It’s clear that HMRC still views the construction industry as a significant area of tax leakage. Wondering how this might affect you? Get in touch with Dinesh to find out more.

HMRC has been scrutinising workplace nursery schemes, especially those using salary sacrifice arrangements to provide tax-free childcare. Employers must ensure they meet exemption conditions, including reviewing arrangements and compliance, assessing tax liabilities and managing employee expectations about any changes. You can read more about HMRC's approach here: https://bit.ly/4clFsuc For further guidance, contact Nick Bustin, Employment Tax Director, or Dinesh Pancholi and Joanne Hennessy, Senior Employment Tax Managers.

Carried interest is a key part of fund managers' compensation, and understanding its taxation is crucial. The Government is now assessing whether existing tax rules align with current market practices and ensure fairness, including: 👉 Current tax treatment: carried interest is generally taxed as capital gains, but exceptions apply. 👉 Government review: the call for evidence aims to gather insights on how carried interest is structured and its economic impact. To find out more, Majid Hussain, Partner and Head of Private Client, summarises the Government's plans here: https://bit.ly/4fvm6Wc

What a night! 🤩 Thank you to those of you who joined us last night for our annual Future Gen Summer Party, providing a chance to connect with likeminded peers! With a fantastic turnout, it was great to get together and celebrate just how much our next generation membership group has grown over the last couple of years, all while raising a glass to the beautiful rooftop views over the city. 🌆 Want to join our Future Gen group? Email us at futuregen@haysmacintyre.com to be added to our mailing list and be the first to recieve an invite for our upcoming events!