Taxing times in the election campaign
Last week marked a key milestone in the race for Number 10, with many of the major political parties releasing their manifestos for the next term of Government. Each of the parties’ fiscal projections include plans for various tax rises and cuts, inevitably stirring apprehensions around how such changes could impact your personal tax position….
Yorkshire Building Society joins network helping less advantaged progress
Yorkshire Building Society has joined a network of organisations aimed at making sure colleagues can progress in their financial services careers, regardless of their background. The announcement comes ahead of Social Mobility Day, on 13 June, which aims to promote opportunities at work for all and show people from less advantaged backgrounds they can progress….
Keeping a cool head during election fever will pay dividends
By Gunhild Dam, Private Client Partner Politicians up and down the land are currently pounding the campaign trail, following the Prime Minister’s shock announcement of a General Election of 4th July. The sense of impending change is inevitably unsettling for many, particularly as the election of a new ruling party (or parties) could entail a…
AAB raises over £100k at second AABIE charity ball
FPM, an AAB Group Company, hosted over 450 guests at the AABIE Charity Ball, held for the first time in Newry on Saturday night (June 8) Held in the city’s Canal Court, the Ball raised a remarkable £100,369 for the AABIE Charitable Initiative (known as ‘AABIE’) with all funds going directly to the charity. Feargal…
Specialist Yorkshire wholesale food and drink business becomes employee owned
North Yorkshire-based wholesale distributor Crofter’s Foods Ltd has become the latest company to transfer its entire shareholding to an Employee Ownership Trust (EOT). More than 10 staff have become part-owners of the artisan food and drink business. Founded in 2005 by Grahame and Jane Armitage, the specialist company works with small local suppliers to distribute…
Latest acquisition boosts AAB Wealth Assets Under Advice to £800 Million
Award-winning chartered financial planning firm, AAB Wealth, has today announced the acquisition of Synergy Financial Planning, based in Bishopbriggs, Central Scotland. Having experienced year-on-year growth since the firm was established in 2011, following this latest acquisition, AAB Wealth will have assets under advice (AUA) in excess of £800 million. The combined team of 37 are…
Yorkshire Building Society colleagues clock up 6,500 hours for good causes
Colleagues at Yorkshire Building Society gave over 6,500 hours of their time to good causes in 2023 and the Society hopes that even more will get involved with community activities this year, the mutual has said ahead of Volunteers’ Week (3-9 June). Yorkshire Building Society allows each employee up to 31 hours of volunteering time…
Council support for struggling households
Ahead of Government financial support ending in September 2024 for households battling the cost of living crisis, residents are urged to claim all they are eligible for and see where they can get discounts and lower their bills. The reduced Household Support Funding for York of £1,037,906 is available until 30 September, and will provide…
Navigating the complexities of VAT in a digital world
The e-commerce landscape has evolved significantly over recent years, revolutionising the retail sector by enabling businesses to reach global markets. However, the rise of digital services and online shopping, both B2B and B2C, has generated some complex tax implications, in particular relating to Value Added Tax (VAT). VAT—a consumption tax—is generally applied based on where goods and…
£100,000 fund opens for applications to support ward residents
Following £100,000 of support having been successfully awarded to support ward residents in January 2024, a further £100,000 is now available this year. At the beginning of 2024, 37 organisations from across the city applied for a share of funding and 16 were successful. This next £100,000 pot will be offered in two lots of…
It’s question time for businesses on the Humber
Humber Business Week event brings together some of region’s leading business figures Regional law firm Andrew Jackson Solicitors LLP will host a ‘Question Time’ panel discussion next month, which will bring together a panel of the region’s leading business figures to discuss some of the big questions from the audience in an hour of discussion…
Andrew Jackson facilitates Casper’s latest vessel purchase
Regional law firm Andrew Jackson Solicitors announces that it has recently assisted Immingham-based Casper Chartering Limited (”Casper”), on its purchase of the cargo vessel “MV VESPER” (formerly “ATLAS”), from Norwegian owners. MV Vesper is the latest vessel to join Casper’s growing fleet, which now comprises seven ships. Built in 2006, Vesper is 88.60m LOA (length…
Interest rates held, for now – Economist’s view
Commenting on the Bank of England’s decision to hold interest rates today, Max Shepherd, Group Economist at Yorkshire Building Society, said: “The Bank of England has agreed to leave the base rate unchanged, at 5.25%, as expected. Andrew Bailey has said he is optimistic things are moving in the right direction, implying interest rate cuts…
Another key hire for law firm: partner joins firm’s nationally renowned shipping & transport practice
Regional law firm Andrew Jackson Solicitors LLP is delighted to announce that Gavin Farquhar has joined its nationally renowned shipping & transport practice as a partner. Gavin – who is dual Scottish and English law qualified – has over 30 years’ broad experience acting nationally and internationally for a range of businesses operating in the…
Fifty is the magic number for Alan
A leading light in Yorkshire’s business world has called time on an illustrious career spanning fifty years in accountancy. Alan Wintersgill has stepped down as a consultant with top ten UK accountancy and business advisory firm Azets in Bradford exactly half a century after he qualified as a chartered accountant in 1974. He opened his…
Rollits recruits experienced accountant to support Private Capital team
An experienced accountant who has held senior positions with firms across the region has joined leading law firm Rollits as Trust Administrator to the Private Capital team based at its York office. Clare Stones attended Joseph Rowntree Secondary School in York and then embarked on her career in accountancy, completing her Association of Accounting Technicians…
Outsourcing delivers double-digit growth
Demand for outsourced services has increased by 20% at UK top 10 accountancy and business advisory firm Azets in Yorkshire. It has recorded the year-on-year revenue growth with a series of significant five-figure instructions from medium to large owner-managed businesses across the region. The firm’s Accountancy and Business Advisory (ABAS) team says the traditional image…
Yorkshire Building Society welcomes new Chair at Annual General Meeting and donates £25,000 to Fareshare
Yorkshire Building Society welcomed new chair Annemarie Durbin at its Annual General Meeting (AGM) at the Met Hotel in Leeds last week. Members voted overwhelmingly in favour of all resolutions, including the appointment of board members, and in so doing raised £25,000 for FareShare, the mutual’s charity partner. The Society donated 20p for every vote…
Vinyl record manufacturing start-up takes on new premises in York
Andrew Jackson Solicitors LLP is delighted to announce that it has advised start-up business Vinyl Press UK Ltd, on the lease of 2,500 sq. ft premises at Monks Cross – the first pressing plant of its kind in the city of York. Vinyl Press was established by musical entrepreneurs Lucy Johnson (managing director), Neville Proctor…
AAB’S Restructuring & Recovery team grows to support businesses in challenging times
AAB, the tech-enabled business critical services group, has announced a significant appointment to its Restructuring & Recovery team. Glasgow-based Phil Dunn has joined AAB as Restructuring & Recovery Director, bringing over 20 years restructuring experience within three of the big 4 accounting firms. With Phil’s appointment, the Restructuring & Recovery department now comprises 28 professionals…
Andrew Jackson welcomes associate to family law team
Regional law firm Andrew Jackson Solicitors LLP has welcomed Kerri Beaumont as an associate, marking further growth for its highly regarded family law practice. With many years’ family law experience, Kerri’s experience covers all legal aspects concerning relationship breakdown, including financial disputes, child arrangements and divorce. Kerri also has significant experience in advising on disputes…
Andrew Jackson announces several promotions as firm marks 150th anniversary
Regional law firm Andrew Jackson Solicitors LLP is delighted to announce several promotions across the firm, which this year celebrates its 150th anniversary. Solicitors Yasmin Fenton and Harry Mills (real estate & property), Pippa Heuck (private client) and Grace Moreton (corporate) have been promoted as associates; Rikki Foster becomes a senior solicitor (litigation); and, Benn…
£750,000 funding secured to extend and improve Acomb Explore Library
£250,000 has been secured to add to the Council’s committed £500,000 capital investment to extend and redevelop Acomb Explore Library. The additional £250k is the result of a successful application to the Arts Council’s Libraries Improvement Fund. It will support significant upgrades to the popular library learning centre in Acomb to ensure it continues to…
Azets appoints UK lead for national minimum wage
Experienced employment tax specialist joins top ten firm as a director in the Leeds office to support clients across the UK in ensuring their compliance with National Minimum Wage (NMW) legislation Top ten accountancy and advisory firm Azets has appointed a new employment tax director who will lead its National Minimum Wage (NMW) service line…
Andrew Jackson advises on purchase of key North Yorkshire site as McClarrons eyes further expansion
Regional law firm Andrew Jackson Solicitors LLP announces that it has advised independent insurance broker McClarrons on its purchase of the former BMW and Mini showroom located on York Road, Malton, from Inchcape Estates Limited. The showroom will now be transformed into spacious and modern head offices for well established Malton-based McClarrons, which specialises in…
AAB Private Client team short-listed for prestigious Tolley’s Taxation Awards
Tech-enabled, business critical services group, AAB, has been shortlisted for the Best Private Client Tax Practice award, in the coveted UK-wide Tolley’s Taxation Awards 2024. The Group’s Private Client team are set to attend the glittering awards dinner in London on 16 May. The Awards celebrate exceptional achievements, unwavering commitment to the industry, and groundbreaking…
Law firm bolsters top-ranked Private Capital team with senior hire
A lawyer who spent more than 60 years working for the practice his father founded has now made the move to join another firm in the city. Patrick Burstall has been appointed as a Consultant Solicitor in the Private Capital team at Rollits LLP. Burstalls was founded by Bryan Burstall in 1946 and Patrick joined…
Yorkshire Building Society supports customers and colleagues with hidden disabilities
Yorkshire Building Society has joined the Hidden Disabilities Sunflower network, showing its support for customers and colleagues with non-visible disabilities. It is estimated that around 80% of disabilities are non-visible, including physical, mental, sensory and chronic conditions. Branches and offices will display “We Support the Sunflower” stickers and colleagues have taken part in training. Colleagues…
Rollits adds property specialist to residential team
A property professional who made the switch from an estate agents to a legal career has now completed her move to Rollits LLP. Amber Deas joins the firm’s residential property team as a Paralegal and is based in the York office. Amber lives in Stillington near York and attended Easingwold Secondary School before starting out…
YBS commercial underlines commitment to supporting clients through ongoing commercial market challenges by doubling team
YBS Commercial Mortgages has revealed it expects to double its workforce this year, compared to 2022, bolstering its teams by a further 20 per cent, which builds on an 18 per cent increase in numbers during 2023, taking the total workforce to 105. The commercial lender has taken the opportunity presented by an overall dip…
School of Law teams up with GMB Union on pioneering project
The School of Law at the University of Bradford is partnering with the GMB (North East, Yorkshire and Humber region) to provide its students with valuable experience around employment law issues. Students will act as accompanying representatives for union members at employee disciplinary hearings where such members do not have a workplace representative. Students who…
Mutual delivers strong results and record support for members
A record number of savings accounts were opened with Yorkshire Building Society last year, according to its annual financial results, announced today. Savers benefitted from interest rates 1.01 percentage points higher than the market average, equating to an additional £441.1m in interest paid – more than double the previous year. The Society grew both its…
AAB Wealth accredited as one of top-rated financial advice firms for 2024
AAB Wealth, a leading independent chartered financial planning firm, has qualified as one of the top-rated financial advice firms for 2024 by VouchedFor, following outstanding client feedback. This marks AAB Wealth’s inaugural VouchedFor accreditation since the initiative launched four years ago. The 2024 application process required firms to meet a higher standard of client experience…
Farming partnerships: beware the higher rate Stamp Duty Land Tax (SDLT) charge on additional dwellings
Stamp duty land tax (SDLT) can be a significant cost on property transactions – and an area that farming partnerships need to be aware of, says Andrew Jackson’s tax partner, Fiona Phillips It is well known that partnerships are treated for the purposes of income tax as tax transparent, with the profits from the trade…
Spring Budget commentary by Paula Fraser
In today’s Spring Budget, Chancellor Jeremy Hunt unveiled a series of tax reforms which will significantly alter the UK’s fiscal landscape. One of the positive changes will see National Insurance contributions for employees decreasing from 10% to 8%, which will result in average savings of around £450 annually for approximately 27 million workers nationwide. This follows…
R&D Tax Relief Procedures: HMRC’s latest notification requirement by Derek Gemmell, Head of Innovations Tax AAB
In today’s fast-paced business landscape, where staying ahead often means innovating and adapting to change, research and development (R&D) tax credits have emerged as a key tool for businesses, especially for small and medium-sized enterprises (SMEs). As an R&D tax credit specialist, I’ve witnessed firsthand the transformative impact that these incentives can have on businesses….
The role of finance in driving down NHS carbon emissions
Carbon reduction commitments already play a role in the assessment of public sector suppliers, but for this to genuinely shift the dial towards net zero, we all need to improve how we understand, assess and monitor carbon reduction both within our own organisations and among our suppliers. Since April 2023, suppliers for all new government…
Council’s Executive proposes tough reductions to balance budget
City of York Council publishes its 2024-25 budget proposals today, including what senior leaders have described as ‘deeply troubling but unavoidable cuts’ to deliver a balanced budget. A November 2023 report to the council’s Executive Committee said delivery of the council’s Medium-Term four-year Financial Strategy would be extremely challenging for residents and for the council,…
Further growth for Andrew Jackson’s real estate and property team
Andrew Jackson Solicitors LLP announces that Kirsty Barsby has joined its real estate and property team as a partner, further strengthening the firm’s client services offering across the region and beyond. With over 18 years’ experience across a broad range of property matters, Kirsty’s clients operate across several sectors including hotel and leisure, residential and…
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