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Another success story – Burgess Hodgson assist in substantial investment deal

Engenie, a London-based company specialising in electric vehicle (EV) rapid charging, has received a substantial capital investment from Investec, which will allow the business to reach its network target of 1,500 rapid chargers across the UK.

Engenie’s innovative and market-leading technology can charge a car in less than 30 minutes, which will fall to 10 minutes with the introduction of ultra-rapid chargers. Current rapid chargers are up to 16 times faster than standard points, helping to make EVs more practical for UK drivers.

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Making Tax Digital Update

Making Tax Digital (MTD) is the most fundamental change to the administration of the tax system for at least 20 years. This change might seem daunting, but we’ve compiled everything you need to know so your journey into digital tax recording is as easy going as possible.

What’s changing?

• Paper records will no longer be sufficient. Almost all businesses and landlords will now be legally required to use digital software or a spreadsheet to keep accounting records.
• Accounting records will be required to be submitted to HMRC directly from accounting software within one month of the end of each quarter.

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2018 Tax Notes

To download the document please click here

2018-tax-notes

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Meet our new Associates

As Burgess Hodgson continues to grow, we are delighted to introduce our five newly appointed Associates:

Cathryn Sutton, Guy Vine, Ben Houston, Matthew Hollett and Rachel Pottle. (more…)

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Introducing our new Partners

Already an integral part of the firm, it is with great pleasure we announce that our four talented Associates, Rod Archibald, Andrew Collyer, Matthew Lightfoot and Alex Baker have now been appointed as Partners.

All four began their careers as trainees with us, and have continued to show their commitment and talent as they progress their careers.

Our Senior Partner, Steve Sutton commented that:

“All four have shown great dedication and their progress within the firm is very well deserved. We welcome them as our new partners and the future of Burgess Hodgson”.

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New Partners and Associates Appointed at Burgess Hodgson

Due to continuing growth, we are delighted to announce nine internal promotions amongst our rising stars, including four new partners.

Four of our Associates have now been appointed as Partners. Like most of the current Partners, all four started their career as trainees at Burgess Hodgson. In addition, the firm has appointed five new Associates from their talented staff.

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Burgess Hodgson help drive sale of Sparshatts of Kent

Sparshatts of Kent Group, an award-winning Mercedes-Benz commercial vehicle dealer, has announced its sale to Belfry Trucks Limited. Having seen significant growth, it now employs over 200 people across four sites and has a turnover of over £88.3 million.

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Important Tax updates for US Citizens in the UK

US Tax Updates 2018:

On 22 December 2017 President Trump signed the Tax Cuts and Jobs Act.

https://www.congress.gov/bill/115th-congress/house-bill/1/text

Some of the key highlights are as follows:

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2017 US Tax filing deadline

2017 US tax returns and Foreign Bank Reports (FinCen 114) – 16th April 2018

Extensions can be filed for US citizens who are residing outside of the USA – this is an extension for the filing deadline not for payment of tax due.

If you have any US Tax related queries please get in touch:

Email: USTax@burgesshodgson.co.uk or Call: 01227 454627

Or find more about our U.S. Tax Services here:

www.burgesshodgson.co.uk/our-services/tax-planning/usa-tax-services/

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Our Spring Statement 2018 Summary

The Chancellor’s 2018 Spring Statement gave the government the opportunity to consider the longer-term fiscal challenges ahead of Brexit, and initiate consultations on how these can be addressed.

Following this, we have put together a PDF which provides an overview of the updated forecasts for the UK economy and public finances, which we trust you will find useful.

CLICK HERE TO DOWNLOAD OUR SUMMARY

Spring Statement 2018 Summary

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