2018 Budget Summary

We are delighted to publish our summary of the key announcements in the Budget 2018 statement, made on Monday, 29 October. Expectation leading up to the Budget had been for tax rises, with various revenue raising options discussed ahead of the statement. Despite this, the headline cha

Will the Chancellor listen?

He may not have much ‘wriggle room’ and the national focus may be on the thorny subject of Brexit, but the UK’s small businesses will be watching and hoping Chancellor Philip Hammond responds to the challenges they face. The perceived wisdom is that the Chancellor’s statement on Octob

A sad loss

Mervyn Coward, who was a Partner and later a consultant at WNJ, sadly passed away earlier this month following a short illness. Mervyn, 69, from Fulwood, Preston, was a true gentleman and a popular figure whose long and valued association with WNJ spanned more than half a century. Thi

Phising expeditions on the rise

The threat from cybercrime continues to rise – with fraudsters becoming ever more devious in their efforts to take cash from unprepared businesses. Phishing is a type of fraud in which criminals send emails claiming to be from reputable organisations such as banks. Penny Davis o

Focus on workplace pensions

An increasing number of workplace pension schemes will come under greater scrutiny from The Pensions Regulator (TPR) from next month. It is all part of what the regulator describes as “a significant shift” in its approach to protect savers. TPR says it will be working proactivel

Time to declare your offshore assets

HMRC is urging taxpayers to come forward and declare any foreign income or profits on offshore assets before September 30 to avoid higher tax penalties. New legislation called ‘Requirement to Correct’ requires people to notify the taxman about any offshore liabilities relating to inco

Lea Hough seal a deal to expand practice

Leading North West Chartered Surveyors Lea Hough has continued its recent period of growth in a deal that sees it join forces with a Lancaster firm. Matthew Parkinson Surveying has become part of the Preston-headquartered business, with Matthew Parkinson joining the practice as a part

Sole traders need recognition

Figures from the Federation of Small Businesses (FSB) reveals that the UK’s self-employed contribute a staggering £270bn to the national economy every year. There are now 4.8 million self-employed people – that is 15 per cent of all people in work. And the FSB, which is headquartered

Paying the pension penalty

A healthcare company and its managing director were ordered to pay more than £20,000 after they admitted misleading The Pensions Regulator (TPR) about providing their staff with a workplace pension. They each pleaded guilty to one charge of knowingly or recklessly providing false or m

Promotions as WNJ looks to the future

WNJ has announced a string of promotions as the practice continues to reward talent and invest in the people delivering its leading services to a growing client base. The move sees the creation of four new Associates, all dedicated to building even stronger relationships with WNJ’s cl

Rewarding the very best in local sport

WNJ has once again helped recognised the people who make sport happen in the Preston area at a very special evening of celebration. We sponsored the Secondary School of the Year category in the annual GLL Preston Sports Awards. And we were delighted to hand over the award to the worth

Make sure rule changes aren’t taxing

The new tax year is upon us and that means a host of previously-announced rule changes have now come into force. Many will have an impact on small business owners and the self-employed, so it is important to be aware of them and to take advice to ensure that they don’t have an adverse