We are pleased to announce that McMorran Accountancy has recently successfully completed negotiations with Whiting & Partners, Chartered Accountants and Business Advisers to merge their business activities and will now continue to practice as Whiting & Partners Ltd (incorporating McMorran Accountancy). Following his retirement, Richard McMorran has decided that it is in the interests of…
Lorry Driver Shortage: Will Government resolve crisis? The lack of HGV drivers has very much been the word on the street for a significant length of time and we have seen over the past few years this progress to what those who work in the industry perceive as a potential national crisis. The UK’s supply…
Modern Slavery Act 2015: New disclosure requirements for large businesses. From accounting periods ending after 31 March 2016, under the Modern Slavery Act 2015, commercial businesses with a turnover of at least £36m which are either incorporated in the UK or carry on a business in the UK are required to publish a statement, on…
Lorry Insurance: costs set to rise from 1 November 2015. In this year’s Summer Budget the Chancellor announced a 58% increase to Insurance Premium Tax (IPT), raising the current rate of 6% to 9.5% with effect from 1 November 2015. The 2015 RHA cost tables detail the average insurance premium for a 44t lorry at £3,675,…
On the Road: And in the cloud? Road hauliers, both big and small, can enjoy the advantages of a cloud based accounting system. For the small operator, with say 4 or 5 vehicles, who is actively on the road, a cloud based system such as Xero or Quickbooks online will provide the ability to raise…
Business Acquisition: Whitings help client buy-out a competitor. Whiting & Partners, the CFN’s representative in Suffolk, has successfully advised a pest control business on its acquisition of a key competitor. The owners of the acquisitive pest control business approached us. The company was contacted by a competitor, who wanted to retire and wondered if they…
Self-Employed Lorry Drivers: Beware HMRC crackdown. HMRC have written to the RHA about the tax status of lorry drivers. The letter outlines the key points of HMRC rules in this area and suggests that a lorry driver is unlikely to be self-employed unless he is an owner driver. HMRC is particularly concerned about some ‘avoidance…