News & Blog

The latest press releases and opinion from Bishop Fleming

Company ownership becomes clearer

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With effect from 26 June 2017 revised anti-money laundering measures increase the transparency of who owns and controls a company in the UK. The revised rules directly affect the Companies House register directions on people with significant…

Criminal Finances Act 2017: what you need to know

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From a likely date of September 2017, the Criminal Finances Act 2017 will make companies and partnerships criminally liable if they fail to prevent tax evasion by either a member of their staff or an…

Spring Budget update – A turn for the worse

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Philip Hammond's Spring Budget, with its U-Turn on National Insurance Contributions (NICs), alienates the very businesses the government should be encouraging, claims Top 40 accountants, Bishop Fleming. Matthew Lee, Managing Partner at Bishop Fleming, described…

SME deal making surges ahead for four reasons

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SME deal making is surprisingly buoyant in the face of uncertainty over Brexit and what looks increasingly like a protectionist agenda in the US. The expectation was that UK mergers & acquisition (M&A) deal volumes…

What lies in store for deal makers?

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2016 was a surprising year. The seismic Brexit vote was expected to increase business uncertainty and slow the economy. However, in defiance of the dire warnings reported in the media, the volume of transactions remained…

New rules to tackle poor payment practices

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For financial years beginning on or after 6 April 2017, large companies and Limited Liability Partnerships (LLPs) will have to report half-yearly on their payment practices in order to reveal how long they are taking…

Dividend Tax change in 2018

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The new dividend tax regime, which has been in place since April 2016, is to be amended in April 2018, following announcements in the Spring 2017 Budget. Since 6 April 2016 dividend income above £5,000 has…

National Insurance U-Turn, but dividends tax goes ahead

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The government has announced that the proposed increase in National Insurance paid by the self-employed will be shelved until at least 2020. In the Spring Budget the Chancellor had announced that Class 4 National Insurance…

Beware of insolvency-related scam

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A recent scam attempt came to our attention that we thought businesses and individuals should be aware of. Malcolm Rhodes explains. We received a telephone call from a creditor on a liquidation closed last year. The caller…

If my company goes into liquidation, can they make me bankrupt?

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To answer the question 'if my company goes into liquidation, can they make me bankrupt?', let us home in on four key words. Liquidation This article assumes that the context is an insolvent liquidation of a…