We have the pleasure in sharing our Summary of the Summer Economic Update 2020 presented by the Chancellor.
Brexit has been, and will continue to be, a source of great uncertainty and challenge for both UK and EU based companies. However, by harnessing the range and expertise of the Ecovis network, we can help our clients successfully navigate the post-Brexit minefield.
In order to continue trading and beat the UK homegrown competition, it’s vital for overseas companies to have a strong presence in the UK and demonstrate their commitment to both their current and potential UK clients. Having personally accrued over twenty years of experience advising and helping foreign companies to setup their businesses in the UK, I'm delighted to impart some of this knowledge to help businesses succeed.
The Spring Statement was always going to take second place to the Autumn Budget but the Brexit debate grabbed the headlines anyway. Yesterday, the Chancellor had little opportunity to make policy announcements, given that Brexit may happen on the 29th of the month, or may not, or may happen but not in a form that we can see at present, or even plan for. Death is now the only certainty that we have. Certainty over taxes has been parked for the present.
Tomorrow our Director of Data Analytics, Reuben Barry, heads to the Alternative AI & Blockchain for Professional Services event. There he will be presenting a case study entitled; 'Client relationship network analysis - Using data mining and machine learning to search your network for opportunities'.
Read our breakdown of the key announcements from the Budget and what these could mean for you. Please get in touch with your Ecovis Advisor, or call us today on +44 (0) 207 495 2244 to discuss your business or personal circumstances.
The end of September marks some exciting events for Ecovis Wingrave Yeats’ Data Analytics team. On Monday 24 September, we arrived to exhibit at the Alternative Legal Management Summit, bringing together law firm leaders with the vision to innovate, collaborate, and transform their business.
Currently withholding tax is applicable at the rate of 20% on royalty payments and some IP related annual payments. This rate can be reduced appropriately if there are Double Taxation Agreements (DTA) in place between the countries.
Our Head of Data Analytics, Reuben Barry shares his thoughts on Facebook, Cambridge Analytica, and how data has now become more valuable than traditional products and services.
In July 2015, Geniac caused quite the stir in the Accounting World when Grant Thornton announced that they were to invest up to £22m funding in the high growth start-up to access the SME accounting market. Less than 3 years later and their clients have been stunned to learn that the company is to close its doors in April 2018, as Geniac “are not making the progress we wanted”.