Kingston Smith

Yesterday, the Financial Reporting Council released amendments to FRS 102, the accounting standard that now applies to the majority of UK businesses. We are pleased to see the relaxation of some of the more onerous requirements of FRS 102 and the deferral of aligning lease accounting with new IFRS requirements (bringing an asset and liability… Read more

New Year, new you? Or new workforce?

15.12.17 / Insight posted in

At a time when many people decide it is time for a change, what can you do to ensure your members of staff do not want to move on? Why might people want to leave their current role? Maybe a New Year’s resolution, perhaps they think the grass is greener or they just feel it… Read more

In September 2017, Kingston Smith completed the sale of MJ Media (specialist youth, entertainment and technology media buyer) to the creative agency Once Upon A Time. Mandy Merron, Kingston Smith corporate finance partner says, in the media sector, getting a culture fit is vital to the success of a deal.

Kingston Smith is applying artificial intelligence to transform and future-proof the audit process. In collaboration with MindBridge Analytics Inc,  Kingston Smith is transforming UK audit analytics. Becky Shields, Partner at Kingston Smith, explains: “There are huge gains to be made by incorporating AI into the audit process.”

Novation of property contract and the impact of the VAT status of the supplies The facts in this First-tier Tribunal case were not in dispute. HCL agreed to buy the offices of Sabre for £2.7 million and contracts were duly signed. Sabre had opted to tax its interest in the property. HCL had intended to… Read more

Museums and Galleries Tax Relief has passed into law following Royal Assent of the Finance Bill on 16 November. The legislation now forms Part 15E of CTA 2009. The relief provides provide a subsidy of up to £100,000 per exhibition to not-for-profit organisations putting on exhibitions. It applies to expenditure incurred on or after 1… Read more

Current statistics from The Insolvency Service Q3 2017 make for uncomfortable reading. The underlying rate of corporate insolvencies is up by 15% compared with Q2 and this is a rise of 14.5% over Q3 last year. Perhaps even more concerning is the continuing rise in personal insolvency. Individual insolvencies are over 10% higher than Q2… Read more

The Institute of Chartered Accountants in England and Wales (ICAEW) picked Karen Wardell’s brains for their essential guide to audit tech. This illustrates the impact of technology on the role of audit and auditors. The tech essentials guides update ICAEW members on the latest technology issues affecting the accountancy profession. They aim to bring practical… Read more

Kingston Smith is delighted to have maintained its top ranking for overall service in Charity Finance’s 2017 Audit Survey. Since 2010 the firm has achieved the top position in this category more times than any other accountancy firm. For the third year running, Kingston Smith was also recognised for top charity expertise, with 100% of… Read more

The Sunday Times seeks Tim Stovold’s expertise to resolve a reader’s query about his pay on zero-hour contracts from recruitment agencies. (Whole article, scroll down for “Agency worker soaked under pay ‘umbrella’”.) You must register to read the article.

Property Update – Changes to FRS 102 – hot off the press

15.12.17 / Insight posted in ,

Yesterday, the Financial Reporting Council released amendments to FRS 102, the accounting standard that now applies to the majority of UK businesses. We are pleased to see the relaxation of some of the more onerous requirements of FRS 102 and the deferral of aligning lease accounting with new IFRS requirements (bringing an asset and liability… Read more

New Year, new you? Or new workforce?

15.12.17 / Insight posted in

At a time when many people decide it is time for a change, what can you do to ensure your members of staff do not want to move on? Why might people want to leave their current role? Maybe a New Year’s resolution, perhaps they think the grass is greener or they just feel it… Read more

Mandy Merron talks to ICAEW’s Corporate Financier about culture fit for media businesses

13.12.17 / Insight posted in

In September 2017, Kingston Smith completed the sale of MJ Media (specialist youth, entertainment and technology media buyer) to the creative agency Once Upon A Time. Mandy Merron, Kingston Smith corporate finance partner says, in the media sector, getting a culture fit is vital to the success of a deal.

Becky Shields discusses AI and the audit process with Fintech Finance

12.12.17 / Insight posted in

Kingston Smith is applying artificial intelligence to transform and future-proof the audit process. In collaboration with MindBridge Analytics Inc,  Kingston Smith is transforming UK audit analytics. Becky Shields, Partner at Kingston Smith, explains: “There are huge gains to be made by incorporating AI into the audit process.”

Weekly VAT update – 12 December 2017

12.12.17 / Insight posted in ,

Novation of property contract and the impact of the VAT status of the supplies The facts in this First-tier Tribunal case were not in dispute. HCL agreed to buy the offices of Sabre for £2.7 million and contracts were duly signed. Sabre had opted to tax its interest in the property. HCL had intended to… Read more

Museum and Galleries Tax Relief update – Autumn 2017

08.12.17 / Insight posted in

Museums and Galleries Tax Relief has passed into law following Royal Assent of the Finance Bill on 16 November. The legislation now forms Part 15E of CTA 2009. The relief provides provide a subsidy of up to £100,000 per exhibition to not-for-profit organisations putting on exhibitions. It applies to expenditure incurred on or after 1… Read more

Insolvencies go up as economic squeeze hits

07.12.17 / Insight posted in

Current statistics from The Insolvency Service Q3 2017 make for uncomfortable reading. The underlying rate of corporate insolvencies is up by 15% compared with Q2 and this is a rise of 14.5% over Q3 last year. Perhaps even more concerning is the continuing rise in personal insolvency. Individual insolvencies are over 10% higher than Q2… Read more

Karen Wardell talks to ICAEW about audit tech

06.12.17 / Insight posted in

The Institute of Chartered Accountants in England and Wales (ICAEW) picked Karen Wardell’s brains for their essential guide to audit tech. This illustrates the impact of technology on the role of audit and auditors. The tech essentials guides update ICAEW members on the latest technology issues affecting the accountancy profession. They aim to bring practical… Read more

Charity Finance Audit Survey again ranks Kingston Smith top for overall service

06.12.17 / Insight posted in

Kingston Smith is delighted to have maintained its top ranking for overall service in Charity Finance’s 2017 Audit Survey. Since 2010 the firm has achieved the top position in this category more times than any other accountancy firm. For the third year running, Kingston Smith was also recognised for top charity expertise, with 100% of… Read more

The Sunday Times asks Tim Stovold about ‘umbrella companies’ and tax

06.12.17 / Insight posted in

The Sunday Times seeks Tim Stovold’s expertise to resolve a reader’s query about his pay on zero-hour contracts from recruitment agencies. (Whole article, scroll down for “Agency worker soaked under pay ‘umbrella’”.) You must register to read the article.

Kingston Smith Schools Conference 2018 – Save the Date

Starts: March 15, 2018 9.00am registration | EC2V 6BR

We are pleased to announce the date of our annual Kingston Smith 2018 Schools Conference. As ever, we have put together a packed agenda designed to provide delegates with the key topics that are affecting the sector today. Our keynote speaker for 2018 is David Woodgate, Chief Executive of ISBA who will share his experiences… Read more

‘Maximising value for sale’ part 2

Maximising Value for Sale – Getting your tax position right

Maximising Value for Sale – Getting your legal position right

Maximising Value for Sale – How to get your market position/brand positioning right

Maximising Value for Sale – Attracting Buyers

Maximising Value for Sale – The seller’s perspective

Richard Cummings, Director at Kingston Smith HR Consultancy, considers how businesses can manage organisational changes and the challenges it can present

Richard Cummings, Director at Kingston Smith HR Consultancy, explains the various options for businesses in terms of offering the right salary and benefits

Richard Cummings, Director at Kingston Smith HR Consultancy, explains onboarding and how to onboard new staff effectively

Dinah Regan, Senior Consultant at Kingston Smith HR Consultancy, discusses the important factors to keep in mind during the recruiting process

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