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News & Blogs

Mercer & Hole volunteer the Open School East in London

A team from Mercer & Hole Chartered Accountants went to the Open School East, located in Hackney, London on 23 August. The Open School East (OSE) is one specialising in Arts. Every Tuesday the center welcomes Hackney Stream, a group of over 55’s who organize events as older local people. They provide tablet and mobile phone training,...

Date: 26th August, 2016   |   Author: Natalie Taylor   |   Comments: 0


Jacqui Gudgion features in Business MK

Corporate Tax Director, Jacqui Gudgion features in the September edition of Business MK.  Her article discusses the opportunities businesses can take to claim back Research & Development tax relief. To read Jacqui's article  click here. ...

Date: 26th August, 2016   |   Author: Natalie Taylor   |   Comments: 0


Should we worry over private residence relief?

Should we worry over private residence relief? The National Audit Office has raised an issue on “exploited” capital gains relief that is set to cost the Treasury £18bn a year in 2015/16 on the grounds that HMRC does not monitor tax relief proportionately. The Audit Office’s opinion appears to be that the scale of principal...

Date: 15th August, 2016   |   Author: Cathy Corns   |   Comments: 0


Peter Godfrey-Evans features in Accounting Web

Corporate Advisory Partner, Peter Godfrey-Evans is featured in Accounting Web regarding ‘How an accelerated sale process saved a business’. Business Rescue should always be considered for viable businesses in financial distress. For Mercer & Hole’s restructuring team this is more than a belief – it’s what we do....

Date: 10th August, 2016   |   Author: Natalie Taylor   |   Comments: 0


Mercer & Hole Chartered Accountants support MK Dons Sport and Education Trust

Mercer & Hole partners, Phil Fenn and Peter Godfrey-Evans led a team of volunteers from the firm’s Milton Keynes office to volunteer at MK Dons Sport and Education Trust (SET) holiday course on 8 August. The Mercer & Hole team assisted the coaches in providing group activities for children aged between four and fourteen year olds...

Date: 9th August, 2016   |   Author: Natalie Taylor   |   Comments: 0


Labour accused of tax hypocrisy – taxation of membership organisations

The press recently revealed that Labour paid no corporation tax last year despite having a surplus of £4.3m. By contrast, the Conservatives had a surplus of £1m and paid £238,000 in tax. Conservative MP Chris Philp said: "The hypocrisy of the Labour party is extraordinary." Labour responded by saying: "Corporation...

Date: 9th August, 2016   |   Author: David Hadley   |   Comments: 0


Streaming of losses – bad news

The Upper Tribunal has reversed the First Tier Tribunal decision (Leekes Limited) and consequently the position on the use of corporation tax trade losses of an acquired business is back to HMRC’s previous practice.  When an acquired business is merged into an existing business, it will again be necessary to stream the profits of the...

Date: 5th August, 2016   |   Author: Cathy Corns   |   Comments: 0


Mercer & Hole are finalist in the Herts Advertiser Community Awards

Chartered Accountants Mercer & Hole are pleased to announce they are finalists in the Herts Advertiser Community Awards for the Great and Green category. The Great and Green category is awarded to individuals, schools, clubs and businesses who are doing their bit for the environment. The Herts Advertiser Awards is to celebrate valiant heroes...

Date: 5th August, 2016   |   Author: Natalie Taylor   |   Comments: 0


Uncertainty

There's a reason why "May you live in interesting times" is a curse. This years finance bill is long and complicated and had a lot of measures that take effect from April of this year. BUT it was still being amended last week and will not now be enacted until Parliament re-convenes in September. Will it keep changing?  Who knows....

Date: 4th August, 2016   |   Author: Cathy Corns   |   Comments: 0


HMRC’s Service

The Public Accounts Committee (PAC) has recently published its report on HMRC’s ‘Quality of service’.  The PAC assessed HMRC’s customer service performance since January 2015.  It appears that HMRC underestimated the demand for telephone calls and reduced its staff numbers by 5,600, leading to “a collapse in...

Date: 4th August, 2016   |   Author: Cathy Corns   |   Comments: 0


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Partner Liz Cuthbertson leads a team of volunteers at Open School East bit.ly/2bMRaCt @benefacto pic.twitter.com/4m7QdykUfA

. @GudgionJa features in @BusinessMK September edition bit.ly/2buQfpa #MiltonKeynes #BusinessMiltonKeynes

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