What does the future look like for the media sector post-Coronavirus?

03.06.20 / Insight posted in Articles

As lockdown restrictions begin to ease, media businesses are beginning to move out of survival phase and plan for the ‘new normal’. Following on from our recent surveys, we have put together a number of questions designed to track sentiment around expected outturn for this year, as well as looking at how media businesses are…


Business Asset Disposal Relief

03.06.20 / Insight posted in Brochures

When an individual disposes of an asset at a gain, capital gains tax may be due. Ordinarily, for gains falling above the higher-rate threshold, this will be charged at a rate of 20%. However, if business asset disposal relief (BADR) (known as entrepreneurs’ relief prior to 6 April 2020) is available, the rate will be…


Investors’ Relief

03.06.20 / Insight posted in Brochures

Investors’ relief provides capital gains tax relief for external investors in unlisted trading companies. Qualifying gains benefiting from the relief are taxed at a reduced capital gains tax rate of 10%, in comparison with the standard rate of capital gains tax (for higher rate taxpayers) of 20%. A maximum lifetime cap of £10,000,000 of gains…


FTAdviser: Tim Stovold warns of wrongful claims for furlough grant

02.06.20 / Insight posted in MKS News

Tim Stovold explores HMRC’s intention to clamp down on directors making fraudulent claims for furlough grants, even those that are unintentional. He said: “Although these rules apply to fraudulently claimed furlough grants, they will also apply where the company has not understood the complex rules of the scheme and claimed the grant in error. HMRC…


Moore Kingston Smith and David Reviews: weekly update from ad world – 2 June 2020

02.06.20 / Insight posted in Articles

This week’s video features our guest speaker James Studholme, Chairman and Partner of Blink Productions. James catches up with Graham Tyler, Partner, Moore Kingston Smith and Jason Stone, Editor & Co-writer, David Reviews, to explore how they feel the advertising industry is shaping up for the future. If you have any questions or would like…


Exiting lockdown: forensic accounting services during lift-off

02.06.20 / Insight posted in covid-19, Operations

Now that the first tentative steps are being taken to lift lockdown, there are several areas where our forensic accounting team can assist you. Our specialists have decades of experience in complex cases and produce clear and comprehensive reports to help you navigate challenging times. Business interruption claims It is possible that some companies are…


FTAdviser: Lynne Rowland’s article: Now is the time to get one’s affairs in order

01.06.20 / Insight posted in MKS News

Social distancing restrictions and self-isolation for the elderly and vulnerable have provided many with time on their hands and an opportunity to review their personal and financial affairs. The role that family and friends play, as well as the support of professional advisers is crucial to ensure that current circumstances and wishes are reflected. Rowland’s…


Webinar recording – Full cost recovery

01.06.20 / Insight posted in Articles, Webinars

The latest webinar from the finance team at Moore Kingston Smith Fundraising & Management, looked at how cost recovery can improve your charity’s financial sustainability through better costing, and cost recovery practices. The webinar covered: how to accurately cost your services ways that you can improve cost recovery within your organisation why it is important to…


Why cost recovery is about more than money

01.06.20 / Insight posted in

As the post-Coronavirus world takes shape, many charities have seen their income fall and are looking for ways to improve their bottom line.  Equally, many charities have been subsidising core services for years from unrestricted funds without fully understanding this. In both cases, better cost recovery is a relatively ‘straightforward’ way to get more money…


Chancellor extends Self-Employed Income Support Scheme

29.05.20 / Insight posted in Articles, Coronavirus, covid-19, Tax

Unexpectedly the Chancellor has extended the Self-Employed Income Support Scheme (SEISS) for a further three months to 31 August 2020. Under the original SEISS covering the period from 1 March to 31 May, self-employed individuals were able to claim a grant worth 80% of their average monthly trading profits, paid out in a single instalment…