a fresh approach to business expanding hwbit service ulletin...businesses employing anyone under 21,...

ulletinA fresh approach to business

Issue 18 Autumn 2014

Richard BaconIT Manager

Email [email protected]

Key role in international sale Key role in international sale

Tracy JenkinsTax Director


Alan WilliamsDirector


Estate planning with ourBarrister Intermediaries

Have you seen our online payments facility?

It’s quick, easy and secure

www.hwb-accountants.com/payments.htm

HWB Chartered Accountants, Highland House, Mayflower Close, Chandlers Ford, Eastleigh SO53 4ART: 023 8046 1200 | F: 023 8026 9621 | E: [email protected] | W: www.hwb-accountants.com

James AlesburyAssociate Director



Protect againstHMRCinvestigations

Protect againstHMRCinvestigationsHMRC has been targeted to deliver anextra £7bn in compliance yield eachyear. Increasing numbers of businesseswill therefore face the rigours of investigation.

For those subjected to their scrutiny,whether they are found to have fallenfoul of the regulations or not, theimplications are significant – in terms oftime investment, in professional feesand in stress.

We offer a Tax Enquiry Fee ProtectionInsurance policy, which covers the costof our professional fees in the eventof an HMRC investigation. That meansclients can continue with business asusual while we liaise with HMRC anddeliver the information required.

Annual premiums range from £50 for anindividual to £225 for limited companies.

For further information on our TaxwisePlus policy, please contact James Alesbury on 023 8046 1222.

We all want to know that if somethinghappens to us, our loved ones are lookedafter in the way we want them to be.Sadly the reality is that doesn’t alwayshappen. Careful planning is critical.

As trusted business advisers we’re used toworking closely with clients so that weunderstand their goals, personal as well asbusiness. Over time, we gain a detailedknowledge and understanding of theirbusiness, their finances, their assets andtheir tax position. Helping clients to protecttheir estate is simply another logical step inthat role.

Recognising this, we have launched a newcost-effective and straightforward serviceworking with the Legal Services Guild (LSG),

to ensure inheritance distribution happensexactly as planned.

There is no ‘one size fits all’ approach whenit comes to estate planning. Directors AlanWilliams and Tracy Jenkins are qualified andfully insured Barrister Intermediaries andwork alongside clients to record objectivesand provide options for how these can beachieved.

Clients then make their own informeddecisions to develop a clear, unequivocalestate plan – a simple, intelligent andintegrated approach to inheritance planning.

We offer a free, no obligation initialconsultation. For full details see www.hwb-accountants.com or contactAlan or Tracy on 023 8046 1200.

Director Richard Hurst recently supportedthe sale of international medical suppliescompany STOK UK.

Based in Andover, STOK UK is a logisticsand fulfilment specialist working with hospitalsand medical product manufacturers.

The company was acquired by Arvato, aleading global outsourcing partner to theprivate and public sectors and part of theGerman-based Bertelsmann Corporation.

HWB acted for the outgoing shareholdersPaul Wilkinson and David Royle, givingadvice on the deal structure and assistingthem with negotiations.

Richard Hurst said: “As a large butindependent team, we are well equipped to respond quickly to handle transactions of this speed, scale and complexity.”

Paul Wilkinson, Directorof STOK UK Ltd, said:“Richard was calm andcollected and helpedus through a veryintense day as wemoved towardsfinalising the deal.When you’re goingthrough a majortransaction like this it’s the details thatmatter most. Richard’shelp was invaluable in seeing us through the process.”

Expanding HWBITserviceOur IT management service, HWBIT, hasexperienced further growth – and has nowrecruited a new apprentice to join the teamdelivering IT solutions for clients.

HWBIT harnesses our experience andunderstanding of how a business works to create the ideal consultancy package –not only offering IT support but also adviceon how to manage systems and what they should include.

Curtis Hale joins the HWBIT team afterexcelling in his IT College studies withthree distinctions in BTEC Level 3Extended Diploma in IT. Whilst working atHWB, he is also studying for BTEC Level 3 Diploma in Professional Competence for IT & Telecoms Professionals.

With an ever-changing technologicallandscape, efficient IT systems andaccurate, timely financial data are keydrivers for any business.

HWBIT can provide an independent reviewof a business’ software and support withtraining, advice and cover as required.

For the full details of what our HWBITservice includes see www.hwbit.com orcall Richard Bacon on 023 8046 1255.

Stay in touch with yourfinances with our free app

Business Adviser Ben Barnes has beenvolunteering with Swindon-basedchildren’s charity, the Youth AdventureTrust, to help transform the lives ofvulnerable youngsters.

Ben got involved when a friend told himabout the Trust’s work to help 11 to 14-year-olds try new challenges,activities, team-building and group livingwith residential camps and day activities.

Ben said: “I’ve been a volunteer for twoyears now and have taken groups ofyoungsters on long weekends, fromcaving in the Brecon Beacons to acoastal camp on Brownsea Island wherewe sailed, windsurfed and built rafts.

“It’s really rewarding to be able to provideand run activities and events for youngpeople who wouldn’t normally get thechance to do them. It’s a great way forthem to learn new skills, gain someconfidence and learn about themselves.”

Transforming young lives

New skills: Business Adviser Ben Barnes (centre, back)raft building with youngsters

Transaction advice: Director Richard Hurst

Academy expert’sboost for schoolAcademy expert’sboost for schoolAcademy school specialist Alan

Davies

used pedal power to raise money

for

his six-year-old son’s school.

Alan organised the ‘Hungerford Hurrah’challenge for fellow members of AudaxUK, the long-distance cycling association,and joined 60 riders in a 200km bike ride.

Alan said: “I thought it would be good toraise money for Toby’s school and heenjoyed it so much that we’re alreadythinking about next year!”

HWBulletin_HIRES_11-12-14_HWBulletin_HIRES_11-12-2014 11/12/2014 11:42

We are not authorised under the Financial Services and Marketing Act 2000 but, in certain circumstances we are able to offer a limited range of investment services because we are ICAEW members. We can provide investment services if they are an incidental part of the professional services we have been engaged to provide.

Growing team: Audit Senior Gemma Wood and Business Adviser Tom Young

Work smarter and faster in the CloudWork smarter and faster in the Cloud

Howzat! A lifetime of cricket!

Cricket fan, Roger Hann, has retired after 13 years as our Practice Manager.

His thank-you gift – a lifetime HampshireCricket Club membership.

Finance Director Alan Williams said: “We’rereally going to miss Roger – for 13 years hehas been a stalwart at HWB. We wish him along and happy retirement – and weespecially hope he enjoys his cricket days.”

As Roger departs, Zoe Hancock has joinedus as Practice Management Accountant.Zoe has recently returned from working inthe retail and leisure industry in Melbourne,Australia. Prior to that she worked for DeBeers and the Merlin Group in London.

Retiring HWB Practice Manager Roger Hann, centre,with HWB Director Alan Williams and new PracticeManagement Accountant Zoe Hancock

Andrew KershawAssociate Director


How are we doing?

Don’t forget to leave your views on

our service through our online form at:

www.hwb-accountants.com/feedback

HWB Chartered Accountants Connect with us on: HWB Chartered Accountants @HWB_Accountants HWB Chartered Accountants, Highland House, Mayflower Close, Chandlers Ford, Eastleigh SO53 4ART: 023 8046 1200 | F: 023 8026 9621 | E: [email protected] | W: www.hwb-accountants.com

An expanding team

Inadequate finance and pooraccounting processes costbusinesses vast sums of moneyeach year.

But there is a simple and cost effectiveway to make improvements. Cloud-based accounting system Xero offers asmart, cutting-edge, user-friendly andreal time system which is fast becomingthe preferred software for many clients.

Xero is an award-winning subscription-based alternative to traditional accountingpackages. It’s simple to switch to, easyto learn, fully integrated – and very slick.

It delivers streamlined systems, improvedcommunication and integrated, intelligentprocesses. That may all sound complexto introduce. The reality is it isn’t.Maximum benefit, minimum hassle!

We offer a comprehensive range ofservices to support transfer to the Cloud,all of which include a software subscription

for Xero to help maximise the potential ofonline accounting.

For more information on transferring to theCloud, please contact Andrew Kershawon 023 8046 1201.

Auto Enrolment is proving a real concernfor the small and medium sized business.Compliance is essential but without thebenefit of an HR specialist, its introductioncan be a daunting process.

Responding to client requests, we havelaunched a service to take the worry out of Auto Enrolment and the ongoingchanges in workplace pensions.

The new service, a strategic alliance withan FCA regulated team,starts from just£1.50 per employee per payroll run for a

:edulcni secivres ruO .ytilicaf etelpmoc

• On-boarding pension administration

• Recruitment and pension policy reviews

• Implementation planning advice

• Worker assessments

• Auto Enrolment pension reports

• Employee communications

• The Pension Regulator

(TPR) record keeping

• Pension provider feeds

For further information on how we can help with Auto Enrolment contact James Alesbury on 023 8046 1222.





Help with Auto Enrolment The key indicators from the Chancellor

George Osborne’s Autumn Statement paintan unclear picture amid ongoing economicuncertainty. But despite what he called“warning lights” flashing over the globaleconomy, the UK is now expected to growfaster than any other developed economyincluding the Eurozone.

“That has to be good news” says GeoffRhodes, Managing Director of HWB, “butfor many small and medium sizedbusinesses, the effects of the recession will still be felt for some time to come – andtight management is key for 2015”.

Good news for small businesses came inthe form of rate relief – doubled for anotheryear. There will also be a review of thestructure of business rates with thediscount for certain high street shopsincreasing by 50 per cent to £1,500.

To aid access to finance, the Funding forLending scheme and Enterprise FinanceGuarantee Scheme will both be extended –perhaps evidence that the Chancellor islistening to business frustration with tightcredit conditions.

Entrepreneurial companies, especially thosein technology, have been given a helping

hand by an increase in the Research andDevelopment tax credit to 230 per cent for small and medium sized

and 11 percent for large companies.

NI contributions have beenstopped for businesses hiringapprentices under the age of25, up to the upper earningslimit. They will also be abolished forbusinesses employing anyone under 21, from next April.

In a move to gather revenue from multi-national businesses in the UK which arethen moved offshore, the Chancellorintroduced a tax rate of 25 per cent – this‘Google tax’ will be welcomed across theUK but is likely to be harder to put togetherthan the Chancellor made it sound.

A pre-election bonus came in the form oftax cuts for most homebuyers with the newmarginal rate system for stamp duty – a

welcome surpriseannouncement. The

annual ISA allowancewill increase to£15,240 a year fromApril and ISAs can be passed on tax-

free. For pensions, the55 per cent tax on

unused inherited pensionpots will be scrapped and

they can also be passed ontax-free before the age of 75.

There will be a continuedcrackdown on tax avoidance and evasionwhich is expected to raise at least £5 billion in the next parliament.

Hospice charities, search and rescueservices and air ambulances will all benefitfrom VAT refunds.

Geoff added: “There’s no doubt that there will still be tough financial times aheadbut businesses and personal savers canmake the most of these pre-electiongiveaways for a positive start to 2015.”

To discuss how any of the new measuresaffect tax and financial planning, call one ofHWB’s Directors.

Autumn Statement

A Pure solutionGetting staff management right is the key to

To guide clients through complex employmentlaw and staff management, we have partneredwith HR specialists Pure Human Resources.

HWBulletin_HIRES_11-12-14_HWBulletin_HIRES_11-12-2014 11/12/2014 11:42 Page 3

For the full list of HR services contact James Alesbury 023 8046 1222.on

companies

On a personal tax front, the personalallowance will increase to £10,600 a yearfrom April, meaning higher rate tax would be due once earnings exceed £42,385 next year.

business success and mistakes can be costly.

A new appointment and apromotion have been the resultof our increased client growth.

Gemma Wood, who hasextensive experience in thecharities sector, joins thedepartment as an Audit Senior.

Tom Young, who joined us at theage of 18, has been promotedto a Business Adviser specialising in the audit of property management companies and academy schools.

Managing Director Geoff Rhodes said: “We are a growing firm and are delighted to welcome very talented new members to the team at what is an exciting time for the business. Our new and promoted team members are already proving themselves to be valuable additions to HWB."

Three new trainees and an IT apprentice also started work in the summer as part of our commitment to providing a quality service for our clients as the economy continues to improve.

Growing team: Audit Senior Gemma Wood and Business Adviser Tom Young

Work smarter and faster in the CloudWork smarter and faster in the Cloud

Howzat! A lifetime of cricket!

Cricket fan, Roger Hann, has retired after 13 years as our Practice Manager.

His thank-you gift – a lifetime HampshireCricket Club membership.

Finance Director Alan Williams said: “We’rereally going to miss Roger – for 13 years hehas been a stalwart at HWB. We wish him along and happy retirement – and weespecially hope he enjoys his cricket days.”

As Roger departs, Zoe Hancock has joinedus as Practice Management Accountant.Zoe has recently returned from working inthe retail and leisure industry in Melbourne,Australia. Prior to that she worked for DeBeers and the Merlin Group in London.

Retiring HWB Practice Manager Roger Hann, centre,with HWB Director Alan Williams and new PracticeManagement Accountant Zoe Hancock

Andrew KershawAssociate Director


How are we doing?

Don’t forget to leave your views on

our service through our online form at:

www.hwb-accountants.com/feedback

HWB Chartered Accountants Connect with us on: HWB Chartered Accountants @HWB_Accountants HWB Chartered Accountants, Highland House, Mayflower Close, Chandlers Ford, Eastleigh SO53 4ART: 023 8046 1200 | F: 023 8026 9621 | E: [email protected] | W: www.hwb-accountants.com

An expanding team

Inadequate finance and pooraccounting processes costbusinesses vast sums of moneyeach year.

But there is a simple and cost effectiveway to make improvements. Cloud-based accounting system Xero offers asmart, cutting-edge, user-friendly andreal time system which is fast becomingthe preferred software for many clients.

Xero is an award-winning subscription-based alternative to traditional accountingpackages. It’s simple to switch to, easyto learn, fully integrated – and very slick.

It delivers streamlined systems, improvedcommunication and integrated, intelligentprocesses. That may all sound complexto introduce. The reality is it isn’t.Maximum benefit, minimum hassle!

We offer a comprehensive range ofservices to support transfer to the Cloud,all of which include a software subscription

for Xero to help maximise the potential ofonline accounting.

For more information on transferring to theCloud, please contact Andrew Kershawon 023 8046 1201.

Auto Enrolment is proving a real concernfor the small and medium sized business.Compliance is essential but without thebenefit of an HR specialist, its introductioncan be a daunting process.

Responding to client requests, we havelaunched a service to take the worry out of Auto Enrolment and the ongoingchanges in workplace pensions.

The new service, a strategic alliance withan FCA regulated team,starts from just£1.50 per employee per payroll run for a

:edulcni secivres ruO .ytilicaf etelpmoc

• On-boarding pension administration

• Recruitment and pension policy reviews

• Implementation planning advice

• Worker assessments

• Auto Enrolment pension reports

• Employee communications

• The Pension Regulator

(TPR) record keeping

• Pension provider feeds

For further information on how we can help with Auto Enrolment contact James Alesbury on 023 8046 1222.





Help with Auto Enrolment The key indicators from the Chancellor

George Osborne’s Autumn Statement paintan unclear picture amid ongoing economicuncertainty. But despite what he called“warning lights” flashing over the globaleconomy, the UK is now expected to growfaster than any other developed economyincluding the Eurozone.

“That has to be good news” says GeoffRhodes, Managing Director of HWB, “butfor many small and medium sizedbusinesses, the effects of the recession will still be felt for some time to come – andtight management is key for 2015”.

Good news for small businesses came inthe form of rate relief – doubled for anotheryear. There will also be a review of thestructure of business rates with thediscount for certain high street shopsincreasing by 50 per cent to £1,500.

To aid access to finance, the Funding forLending scheme and Enterprise FinanceGuarantee Scheme will both be extended –perhaps evidence that the Chancellor islistening to business frustration with tightcredit conditions.

Entrepreneurial companies, especially thosein technology, have been given a helping

hand by an increase in the Research andDevelopment tax credit to 230 per cent for small and medium sized

and 11 percent for large companies.

NI contributions have beenstopped for businesses hiringapprentices under the age of25, up to the upper earningslimit. They will also be abolished forbusinesses employing anyone under 21, from next April.

In a move to gather revenue from multi-national businesses in the UK which arethen moved offshore, the Chancellorintroduced a tax rate of 25 per cent – this‘Google tax’ will be welcomed across theUK but is likely to be harder to put togetherthan the Chancellor made it sound.

A pre-election bonus came in the form oftax cuts for most homebuyers with the newmarginal rate system for stamp duty – a

welcome surpriseannouncement. The

annual ISA allowancewill increase to£15,240 a year fromApril and ISAs can be passed on tax-

free. For pensions, the55 per cent tax on

unused inherited pensionpots will be scrapped and

they can also be passed ontax-free before the age of 75.

There will be a continuedcrackdown on tax avoidance and evasionwhich is expected to raise at least £5 billion in the next parliament.

Hospice charities, search and rescueservices and air ambulances will all benefitfrom VAT refunds.

Geoff added: “There’s no doubt that there will still be tough financial times aheadbut businesses and personal savers canmake the most of these pre-electiongiveaways for a positive start to 2015.”

To discuss how any of the new measuresaffect tax and financial planning, call one ofHWB’s Directors.

Autumn Statement

A Pure solutionGetting staff management right is the key to

To guide clients through complex employmentlaw and staff management, we have partneredwith HR specialists Pure Human Resources.

HWBulletin_HIRES_11-12-14_HWBulletin_HIRES_11-12-2014 11/12/2014 11:42

For the full list of HR services contact James Alesbury 023 8046 1222.on

companies

On a personal tax front, the personalallowance will increase to £10,600 a yearfrom April, meaning higher rate tax would be due once earnings exceed £42,385 next year.

business success and mistakes can be costly.

A new appointment and apromotion have been the resultof our increased client growth.

Gemma Wood, who hasextensive experience in thecharities sector, joins thedepartment as an Audit Senior.

Tom Young, who joined us at theage of 18, has been promotedto a Business Adviser specialising in the audit of property management companies and academy schools.

Managing Director Geoff Rhodes said: “We are a growing firm and are delighted to welcome very talented new members to the team at what is an exciting time for the business. Our new and promoted team members are already proving themselves to be valuable additions to HWB."

Three new trainees and an IT apprentice also started work in the summer as part of our commitment to providing a quality service for our clients as the economy continues to improve.

ulletinA fresh approach to business

Issue 18 Autumn 2014

Richard BaconIT Manager


Key role in international sale Key role in international sale

Tracy JenkinsTax Director


Alan WilliamsDirector


Estate planning with ourBarrister Intermediaries

Have you seen our online payments facility?

It’s quick, easy and secure

www.hwb-accountants.com/payments.htm





Protect againstHMRCinvestigations

Protect againstHMRCinvestigationsHMRC has been targeted to deliver anextra £7bn in compliance yield eachyear. Increasing numbers of businesseswill therefore face the rigours of investigation.

For those subjected to their scrutiny,whether they are found to have fallenfoul of the regulations or not, theimplications are significant – in terms oftime investment, in professional feesand in stress.

We offer a Tax Enquiry Fee ProtectionInsurance policy, which covers the costof our professional fees in the eventof an HMRC investigation. That meansclients can continue with business asusual while we liaise with HMRC anddeliver the information required.

Annual premiums range from £50 for anindividual to £225 for limited companies.

For further information on our TaxwisePlus policy, please contact James Alesbury on 023 8046 1222.

We all want to know that if somethinghappens to us, our loved ones are lookedafter in the way we want them to be.Sadly the reality is that doesn’t alwayshappen. Careful planning is critical.

As trusted business advisers we’re used toworking closely with clients so that weunderstand their goals, personal as well asbusiness. Over time, we gain a detailedknowledge and understanding of theirbusiness, their finances, their assets andtheir tax position. Helping clients to protecttheir estate is simply another logical step inthat role.

Recognising this, we have launched a newcost-effective and straightforward serviceworking with the Legal Services Guild (LSG),

to ensure inheritance distribution happensexactly as planned.

There is no ‘one size fits all’ approach whenit comes to estate planning. Directors AlanWilliams and Tracy Jenkins are qualified andfully insured Barrister Intermediaries andwork alongside clients to record objectivesand provide options for how these can beachieved.

Clients then make their own informeddecisions to develop a clear, unequivocalestate plan – a simple, intelligent andintegrated approach to inheritance planning.

We offer a free, no obligation initialconsultation. For full details see www.hwb-accountants.com or contactAlan or Tracy on 023 8046 1200.

Director Richard Hurst recently supportedthe sale of international medical suppliescompany STOK UK.

Based in Andover, STOK UK is a logisticsand fulfilment specialist working with hospitalsand medical product manufacturers.

The company was acquired by Arvato, aleading global outsourcing partner to theprivate and public sectors and part of theGerman-based Bertelsmann Corporation.

HWB acted for the outgoing shareholdersPaul Wilkinson and David Royle, givingadvice on the deal structure and assistingthem with negotiations.

Richard Hurst said: “As a large butindependent team, we are well equipped to respond quickly to handle transactions of this speed, scale and complexity.”

Paul Wilkinson, Directorof STOK UK Ltd, said:“Richard was calm andcollected and helpedus through a veryintense day as wemoved towardsfinalising the deal.When you’re goingthrough a majortransaction like this it’s the details thatmatter most. Richard’shelp was invaluable in seeing us through the process.”

Expanding HWBITserviceOur IT management service, HWBIT, hasexperienced further growth – and has nowrecruited a new apprentice to join the teamdelivering IT solutions for clients.

HWBIT harnesses our experience andunderstanding of how a business works to create the ideal consultancy package –not only offering IT support but also adviceon how to manage systems and what they should include.

Curtis Hale joins the HWBIT team afterexcelling in his IT College studies withthree distinctions in BTEC Level 3Extended Diploma in IT. Whilst working atHWB, he is also studying for BTEC Level 3 Diploma in Professional Competence for IT & Telecoms Professionals.

With an ever-changing technologicallandscape, efficient IT systems andaccurate, timely financial data are keydrivers for any business.

HWBIT can provide an independent reviewof a business’ software and support withtraining, advice and cover as required.

For the full details of what our HWBITservice includes see www.hwbit.com orcall Richard Bacon on 023 8046 1255.

Stay in touch with yourfinances with our free app

Business Adviser Ben Barnes has beenvolunteering with Swindon-basedchildren’s charity, the Youth AdventureTrust, to help transform the lives ofvulnerable youngsters.

Ben got involved when a friend told himabout the Trust’s work to help 11 to 14-year-olds try new challenges,activities, team-building and group livingwith residential camps and day activities.

Ben said: “I’ve been a volunteer for twoyears now and have taken groups ofyoungsters on long weekends, fromcaving in the Brecon Beacons to acoastal camp on Brownsea Island wherewe sailed, windsurfed and built rafts.

“It’s really rewarding to be able to provideand run activities and events for youngpeople who wouldn’t normally get thechance to do them. It’s a great way forthem to learn new skills, gain someconfidence and learn about themselves.”

Transforming young lives

New skills: Business Adviser Ben Barnes (centre, back)raft building with youngsters

Transaction advice: Director Richard Hurst

Academy expert’sboost for schoolAcademy expert’sboost for schoolAcademy school specialist Alan

Davies

used pedal power to raise money

for

his six-year-old son’s school.

Alan organised the ‘Hungerford Hurrah’challenge for fellow members of AudaxUK, the long-distance cycling association,and joined 60 riders in a 200km bike ride.

Alan said: “I thought it would be good toraise money for Toby’s school and heenjoyed it so much that we’re alreadythinking about next year!”

HWBulletin_HIRES_11-12-14_HWBulletin_HIRES_11-12-2014 11/12/2014 11:42 Page 1

We are not authorised under the Financial Services and Marketing Act 2000 but, in certain circumstances we are able to offer a limited range of investment services because we are ICAEW members. We can provide investment services if they are an incidental part of the professional services we have been engaged to provide.

a fresh approach to business expanding hwbit service ulletin...businesses employing anyone under 21,...

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