Interest rates have been increased from 0.5% to 0.75% by the Bank of England – taking them to their highest level for nearly a decade. It is only the only the second time the Bank has hiked the cost of borrowing since the economy crashed 10 years ago. Most economic commentators were expecting the...
It is a question we are often asked, mainly from a tax point of view of course, and you will probably not be surprised if I say the answer is generally ‘it depends’! writes Pearson May partner Nick Oliver FCA FIoD Changes in recent years increasing the taxable benefit rates across the board...
Chase de Vere, the national independent financial advisory firm with an office in Bath, has started a service focused on providing independent financial advice to the medical profession. The launch of Chase de Vere Medical follows the acquisition last September of Medical Money Management, a business specialising in providing financial planning advice to medical,...
Regional accountancy firm MHA Monahans has appointed Steve Chamberlain as its senior VAT manager, bringing with him 30 years’ experience in the field. Steve, pictured, has joined from the Bristol office of national accountants RSM, where he spent three years as director of VAT. He has also worked in various VAT-related roles at Critchleys,...
The University of Bath’s School of Management is to get a £70m new home as it steps up its ambition to be among the best institutions of its kind in the world. The university, which this week received planning permission for the new building on its Claverton campus, said the investment would ensure School...
International accountancy group EY has appointed three associate partners to its South West practice, bolstering the office’s leadership team as it continues to expand across the South West. The promotions include Robin Enstone and Liz Gray, who were both previously senior managers in the firm’s in Bristol-based assurance practice. Robin specialises in the financial...
The first charity netball tournament hosted by Bath-based law firm Mogers Drewett has raised £2,500 for The Forever Friends Appeal and Dorothy House Hospice Care. Ten mixed-sex teams from businesses and organisations based in and around Bath competed for the trophy with Interaction, the city-based office design and fit-out specialist, crowned champions following...
Regional accountancy firm Milsted Langdon’s forensic partner Roger Isaacs has become the chair of the Institute of Chartered Accountants in England and Wales’ (ICAEW) forensic advisory committee. The committee stands at the head of the forensic accountancy profession in the UK and provides advice, support, and thought leadership to members of the ICAEW forensic...
Each week Bath Business News teams up with Bath accountancy firm Pearson May to bring you the top national finance stories. Deadline reminder: payments on account The second deadline for payments on account is July 31. Find out how to pay here How to save for your first home Some 32,200 first-time buyers took...
The rent-a-room scheme was introduced by the government in 1992 to encourage individuals to take in lodgers by offering them favourable income tax treatment on the rental income received. It cannot be applied to rooms let as an office or otherwise for business purposes. Ordinarily, any rental income received by an individual is taxable...
