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Budget 2018

Budget 2018

On October 29th Philip Hammond delivered his 3rd Budget as chancellor.  Download our summary here and as always if you have any concerns or issues please contact us 

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Hayward Wright Handpicked As One Of The UK’s Leading Firms

Hayward Wright Handpicked As One Of The UK’s Leading Firms

We are delighted to announce that the Hayward Wright Accountancy Group has been awarded inclusion in Handpicked Accountants – a service that is dedicated to connecting small business owners, com… Continue Reading »

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Budget 2017

Budget 2017

Hayward Wright's annual budget summary can be found here.  See how the Chancellors latest announcements affect you and your business.

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Business Lunch with Martin Corry MBE

Business Lunch with Martin Corry MBE

Hayward Wright are pleased to announce that we are sponsoring the next Worcestershire Business Luncheon on the 23rd June.  Amros Promotions have secured Martin Corry MBE as speaker the day befor… Continue Reading »

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Further growth as we welcome new apprentice

Further growth as we welcome new apprentice

A leading West Midlands accountancy firm has kicked off 2017 by welcoming a new apprentice to its team.

Teenager Daniel Onions has joined Hayward Wright Accountancy Group and will work on a v… Continue Reading »

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Excuses for late Tax Returns

With the 31st January Self-Assessment deadline behind us for another year HMRC have released a list of the more unusual excuses for missing the deadline - Enjoy!

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Christmas Opening

Wishing all of our clients and associates a very Merry Christmas and a Properous 2017.  All offices are closed on Friday 23rd December, we do have some staff working between Christmas and New Year with normal service resuming on the 3rd January.

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Welcome Tom Casey to the Hayward Wright team.

Welcome Tom Casey to the Hayward Wright team.

A growing Midlands accountancy firm has appointed a new client manager as it sets its sights on further growth in 2017.

Chartered Accountant Tom Casey has been appointed to the new role at Ha… Continue Reading »

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We welcome Tom Caseymaet ruo ot

Our latest press release for the appointment of Tom Casey

A growing Midlands accountancy firm has appointed a new client manager as it sets its sights on further growth in 2017.

Chartered Accounta… Continue Reading »

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New collaboration offers businesses complete package

A new collaboration by HR and accountancy experts Eagle HR and Hayward Wright Accountancy Group will enable business leaders to focus on their vision for the future, secure in the knowledge that… Continue Reading »

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Hayward Wright Acquires Bushell Smith Harman

We are pleased to announce that Hayward Wright have today completed the purchase of Solihull based practice Bushell Smith Harman.  The firm based in Olton has a great reputation for excellent cl… Continue Reading »

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Wear a Wig Wednesday

Wear a Wig Wednesday

Huge thank you to everyone who has donated to CLIC Sargent in support of the Hayward Wright wear a wig to work.  

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Pension Auto Enrolment – Is your business ready?

Pension Auto Enrolment – Is your business ready?

I’m sure by now that you have heard about Pension Auto Enrolment? But do you really understand what it means for you and your business? Personally I think there are a lot of scare stories out th… Continue Reading »

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Christmas Opening Hours

Please note that the Hayward Wright offices will be closed from 17:00 on 23rd December 2014 till 08:30 on 2nd January 2015.

From us all at Hayward Wright we wish you and your family a very merry Christmas, a happy New Year and a successful 2015!

The Hayward Wright Team

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Hayward Wright Hero

Hayward Wright Hero

Congratulation to Elliot Troth. Elliot is this months Hayward Wright Hero. We love your Christmas Spirt!!!!

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Surging construction sector provides boost to growth


Stronger estimates of construction output in the third quarter are likely to lead GDP growth for the period to be revised up by 0.1 percentage point.

Faster than expected growth in the constructi… Continue Reading »

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State pension 'extinct in 30 years', warn one in six MPs


Survey finds politicians pessimistic on future payments, with half telling savers to expect to wait to 70 if the state pension is still around in 2044.

One in six MPs believes the state pension w… Continue Reading »

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Manufacturing growth puts UK on track for factory ‘fizz’ in 2015

A key survey of the UK's manufacturers indicates that factories raised output for a 20th successive month, as low oil prices set the tone for a strong start to 2015 for the sector.  

The UK’s f… Continue Reading »

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UK family businesses face succession crisis

Two-thirds of British family businesses could be sold off because there's no one left to take over, a landmark report has found
The UK is home to 3m family businesses, generating more than £1.… Continue Reading »

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Give exporters a tax cut, say British businesses

British exporters should get a tax cut, lobby group the Forum of Private Business has said, as business groups prepare to give evidence to the business, innovation and skills committee on the Go… Continue Reading »

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MPs tell HMRC to pick up the pace of tax investigations

The Public Accounts Committee has criticised HM Revenue & Customs for its "unacceptably slow" action against tax avoiders.

Margaret Hodge, chair of the committee, said the inaction was putting ta… Continue Reading »

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The end of company cars?

With the government consistently increasing the rate of company car tax, whether its a low emissions or high emissions vehicle it just doesn’t look like its worth while anymore.

We’ve now got… Continue Reading »

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UK company law library

To accompany AccountingWEB’s Financial Reporting channel, associate editor Jennifer Adams has compiled this collection of guidance documents relating to company law.

Companies may be inanimate … Continue Reading »

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The 15 habits of successful entrepreneurs

It's a question that has been debated by academics, venture capitalists, economists and psychologists for centuries: what sets entrepreneurs apart from other people?

Is it their appetite for risk… Continue Reading »

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Overtime should count in holiday pay

Workers have won a ground-breaking case at the Employment Appeal Tribunal to include overtime in holiday pay.

This means some people working overtime could claim for additional holiday pay. Curre… Continue Reading »

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UK 'living wage' raised to £7.85 per hour

The UK "living wage" - an hourly rate based on the amount needed to cover the basic costs of living - has been raised by 20p to £7.85.

The voluntary rate has been adopted by more than 1,000 empl… Continue Reading »

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My tax code is wrong. How do I fix it?

If you are one of five and a half million people who over or under paid tax last year, you could be the victim of a blunder by the taxman.

Millions of people have been sent new demands or been is… Continue Reading »

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One in 10 make an extra £2,000 a year from hobby businesses

One in ten UK adults now run microbusinesses based on their hobbies, new research has found.

These so-called “hobby entrepreneurs” are making an average of £1,815 extra each year from these … Continue Reading »

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UK trade deficit narrows in August

UK Economy

The gap between the amount the UK imports and the amount it exports narrowed in August, the latest official figures show.

The Office for National Statistics (ONS) said the UK's trade de… Continue Reading »

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UK R&D investment reaches record high


Business spending on research and development (R&D) hit a record high of £13.2bn in the last year, up by 10% from the previous year

In the year to 31 March 2013 there was a particularly sharp ri… Continue Reading »

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UK R&D investment reaches record high


Business spending on research and development (R&D) hit a record high of £13.2bn in the last year, up by 10% from the previous year

In the year to 31 March 2013 there was a particularly sharp ri… Continue Reading »

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Five million UK workers face uncertainty after tax bills wrongly calculated twice in HMRC blunder


Uncertainty for millions as a leaked email shows the taxman made miscalculations in many 'final' bills for last year

More than five million British workers face uncertainty after leaked emails re… Continue Reading »

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Bank of England to protect deposits of up to £1m under new rules

Customers will receive cover for money earmarked for house purchases or following insurance pay-outs, extending protection that covers just £85,000 of individual savings 

Savers would see depos… Continue Reading »

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Cost of executing a will expected to plummet

Accountants can now offer probate services from October and are expected to undercut solicitors' fees

The cost of managing someone’s estate after their death is expected to fall considerably af… Continue Reading »

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Businesses in the driving seat for speedy charity fundraiser

Businesses in the driving seat for speedy charity fundraiser

Businesses from across Worcestershire recently swapped suits for overalls and got behind the wheel in aid of popular county charity.

Chartered Accountants Hayward Wright brought 64 participants f… Continue Reading »

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UK interest rates held at record low of 0.5%

The Bank of England has held UK interest rates at a record low of 0.5% for another month.

The size of the Bank's economic stimulus programme - quantitative easing - was also unchanged at £375bn.… Continue Reading »

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Self-employment at 40 year high, says ONS

The number of workers categorised as self-employed has risen to its highest in 40 years, according to the Office for National Statistics (ONS).

Around 4.6m people work for themselves in the UK, o… Continue Reading »

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Expats face £400 million tax raid

Expat couples could be £4,000 a year worse off under plans to strip non-residents of the personal tax allowance

Expats who rent out their homes in Britain will be stripped of the right to use t… Continue Reading »

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Retailers call for business rate shake-up

Retailers are calling for a radical overhaul of the business rate regime that could see the tax based on energy use rather than property values.

The British Retail Consortium presented three alte… Continue Reading »

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Banks to be forced to increase competition in SME lending

Britain's biggest banks are to be forced to increase competition in the SME loans market in a bid to ensure further growth in a key part of the economy.

Under new legislation being drawn up by th… Continue Reading »

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UK interest rates held at record low of 0.5% for another month

The Bank of England has held UK interest rates at a record low of 0.5% for another month.

The size of the Bank's economic stimulus programme - quantitative easing - was also unchanged at £375bn.… Continue Reading »

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New Sage 50 release comes with higher price

Sage is to push up the price of Sage 50 Accounts by 70-90% for small business users this month.

The software company confirmed that the increase was driven by significant changes to the flagship … Continue Reading »

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UK businesses 'facing skills crisis'

Three-quarters of British businesses believe a significant skills crisis will hit the UK within the next three years, according to a new report.

More than 600 business leaders were interviewe… Continue Reading »

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HMRC turns up heat on landlords

The taxman will send 40,000 letters to landlords it suspects are not paying enough tax this year

The tax office has stepped up its scrutiny of landlords, sending letters to thousands of buy-to-le… Continue Reading »

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Bank of England and business at odds over rate rise

Bank of England officials are still concerned by the UK economy's weakness while business leaders have urged that the "time has come" to raise rates.

The nine members of the Monetary Policy Commi… Continue Reading »

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HMRC apologises after getting sums wrong

HMRC has apologised after it incorrectly claimed that it had collected billions of pounds in extra tax.

In a report on HMRC's accounts for 2013-2014, the National Audit Office (NAO) found tha… Continue Reading »

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UK to post strongest growth in G7, says Item Club

The UK economy will grow faster in 2014 than any other G7 economy, while low wage rises will ensure interest rates do not rise until next year, an influential report has forecast.

UK GDP grow… Continue Reading »

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UK banks face full CMA competition probe

Markets watchdog the Competition and Markets Authority (CMA) has recommended a full competition inquiry into banks.

The provisional decision recommends a full-scale inquiry into the banking s… Continue Reading »

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Youth unemployment falls 40 per cent in Worcester amid economic boost

YOUTH unemployment has fallen 40 per cent in Worcester in one year - as the latest joblessness figures showed another boost across the county.

New data published yesterday has revealed how th… Continue Reading »

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HMRC publishes list of suspect tax avoidance schemes

HM Customs and Revenue (HMRC) has published a list of more than 800 schemes that it believes are deliberately designed to avoid tax.

The list consists of a series of numbers, allowing them to… Continue Reading »

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Kids Inc: Meet the youngsters running their own companies

It is not uncommon for shrewd high-tech chief executives in California to keep their cards close to their chest until they are absolutely ready for a product launch. It is called being in "steal… Continue Reading »

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Worcestershire Parkway part of £53m cash injection for county

THE long-awaited dream of a new Worcestershire railway station is finally going to happen - as part of a £53 million Government and European cash injection to kick-start the economy.

Your Wor… Continue Reading »

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Optimism among UK manufacturers at record high, says BCC

British manufacturers enjoyed their strongest domestic sales growth in a quarter of a century in the three months to June, as optimism about future profits also touched a record high, according … Continue Reading »

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British Chambers of Commerce warns against 'hasty' rate rise

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The Serious Fraud Office fined for incorrect VAT claims

The Serious Fraud Office (SFO) was fined more than half a million pounds for owing HMRC £4m in VAT.

The fraud watchdog used to reclaim VAT on legal fees and some specialist staff.

After a … Continue Reading »

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Workers' wages peak in their late 30s, says ONS

Workers' wages peak in their late 30s, official data shows, unlike the mid-1970s when people were paid the most when they were aged in their late 20s.

In 2013, those aged 38 had the highest a… Continue Reading »

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UK manufacturing activity growing at fastest rate 'for a generation'

Figures from the manufacturing sector for June suggest the recovery is broadening out and bedding-in, pushing sterling to six-year high against the dollar.

Britain’s manufacturing sector enjo… Continue Reading »

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Ed Miliband to hand business rates revenues to local authorities

Unveiling Lord Adonis' report, the Labour leader is expected to commit to the "key recommendation" of handing £30bn of funding to cities and counties to boost local economies

Revenue from bus… Continue Reading »

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Living wage 'should go to one million more workers'

The UK government should make it a goal to cut the number of low paid workers by one million by 2020, says the Living Wage Commission.

Its chairman, Archbishop of York, Dr John Sentamu, has r… Continue Reading »

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Pound nears 5-year high after hitting $1.70 mark

The pound smashed through the $1.70 mark today as imminent interest-rate rises and violence in the Middle sent dealers rushing to bet on sterling.

The pound has not traded above the psychol… Continue Reading »

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Directors banned for poor accounting

Two directors of a wholesale sportswear company were disqualified from being directors for poor accounting practices and not paying over an estimated £180,000 in VAT. 

Ronald and Catherin… Continue Reading »

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UK unemployment total falls to 2.16m

The UK jobs market continued to improve in the three months to April, although the rate of wage increases slowed sharply, official figures show.

The number of people out of work fell by 161,0… Continue Reading »

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New penalty rules for late PAYE returns

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Manufacturers confident on growth for 2014, says EEF

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BRC: Shoppers 'using cash less than ever'

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HMRC crackdown yields record £23.9bn in additional tax

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CBI predicts rate rise to 0.75% in early 2015

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MPs turn up heat on HMRC debt recovery plans

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Rapid UK growth on course to continue

Britain's rapid growth rate will become "ingrained" and more balanced, the European Commission said on Monday, as two separate reports suggested the strong rate of expansion was likely to contin… Continue Reading »

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HMRC tighten the noose on those holding funds offshore

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SMEs are losing out by failing to put a business plan in place

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R&D tax credits for loss-making small businesses from 11% to 14.5%.

Research and Development Tax Relief

So how does the R&D tax relief work?

HM Revenue and Customs (HMRC) will allow an extra 125% (30% for large companies) of identified costs to be wr… Continue Reading »

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Wages are set to rise by more than inflation for the first time in six years

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Corporate confidence in UK recovery at six-year high

The British economy is to receive a welcome boost after big businesses announced they are ready to invest again, while the high street enjoyed its best March in four years.

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Higher limits for tax-free childcare scheme

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Act now to avoid RTI fines, tardy employers told

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Branson searches for Britain’s best new business in national competition

Once-in-a-lifetime opportunity for entrepreneurs to pitch to Sir Richard Branson

Virgin Media Pioneers – the online community for entrepreneurs – has launched a nationwide search to find Brit… Continue Reading »

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Small businesses and start-ups that do research and development (R&D) will receive more cash from HMRC.

Small businesses and start-ups that do research and development (R&D) will receive more cash from HMRC, Chancellor George Osborne announced in the Budget

From 1 April 2014, the tax credit for… Continue Reading »

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HMRC and Companies House phishing emails

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RTI is working in spite of mistakes, says HMRC

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New regulations for crowdfunding received mixed reviews

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£2000 Employer Allowance

 

£2,000 Employment Allowance

From April 2014 most businesses, charities and community amateur sports clubs (CASC) will be entitled to an annual ‘employment allowance’ of up to £2,000 to r… Continue Reading »

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'Great uncertainty' over tax crackdown forecasts

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Facebook buys WhatsApp: Mark Zuckerberg explains why

Facebook founder Mark Zuckerberg has released a statement explaining why his company has paid $19bn for mesaging service WhatsApp. Here is the release in full.

I’m excited to announce that we… Continue Reading »

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Conference to show how to tap into billions of pounds worth of new contracts

Manufacturers from across Worcestershire will be shown how to make the most of new opportunities in the automotive, aerospace and offshore wind sectors at a major new conference by the Manufactu… Continue Reading »

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Business rates not fit for purpose, MPs say

Business rates are not fit for purpose and need a complete overhaul, MPs say in a report on Tuesday.

Joining a chorus of critics, they call for the Government review into the future of busi… Continue Reading »

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Tax Return Deadline

Your online tax return must reach HMRC by midnight on 31 January.

So for the 2012-13 tax year, the deadline for online returns is midnight on 31 January 2014. There are very few exceptions. A… Continue Reading »

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Christmas gifts and parties what is claimable?

With Christmas and Christmas parties approaching here are some rules regarding the tax aspects of staff parties and gifts, entertaining and other tax free gifts and awards.

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Firms urged to back town centre group

BUSINESSES are being urged to sign up to a new group to help revitalise Redditch Town Centre.

Redditch Town Centre Partnership has existed for four years but has been restructured to give… Continue Reading »

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Local Teams Race for Pole Position!

Local businesses came together on 17th October to see who had the skill and endurance to reach pole position. Hayward Wright Chartered Accountants put together a race day in aid of Megan Bake… Continue Reading »

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Chancellor to make his annual Autumn Statement on 4 December

The Chancellor of the Exchequer, George Osborne has announced that he will give his annual Autumn Statement to Parliament on 4 December 2013.

The statement provides an update on the gover… Continue Reading »

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Hayward Wright Golf Day in aid of Princes Trust

Hayward Wright held another golf day in aid of the Princes Trust. Hayward Wright support many charities but every year we fundraise for the Princes Trust as we see the money raised spent in t… Continue Reading »

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Spring Budget 2013

A summary of the main points from the 2013 UK Spring Budget. For more detailed views and thoughts please contact Hayward Wright directly.

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Investment in staff brings exam success

Hayward Wright has always invested in their staff helping them gain qualifications for their preferred profession. 

Two members of the Hayward Wright staff have recently passed exams, Jam… Continue Reading »

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Save the Date, 15th February 2013

Don't miss out save the date for the Rotary Ball on February 15th. This will be a Valentines Masked Ball not to be missed.

For more details please click here full invites will be sent out in the New Year.

To regiseter your interest please email alistaird@haywardwright.co.uk

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Redditch Business Forum on Tuesday 6th November

Redditch Business Forum

We would like to invite you to our forthcoming Redditch Business Forum being held at The Blue Inn, Redditch, B98 0SD on Tuesday 6th November 2012.

In an uncert… Continue Reading »

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New Scheme Offers Financial Help and Practical Support to Budding Entrepreneurs

NEWS RELEASE

EMBARGO UNTIL NOON ON FRIDAY 21ST SEPTEMBER 2012
Date: 19th September 2012
Title: New Scheme Offers Financial Help and Practical Support to Budding Entrepreneurs

A … Continue Reading »

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Hayward Wright Support Studley Sports and Social Club

Hayward Wright accountants have always tried to support local sporting clubs and have involvement in a few throughout the area.
Alistair Hayward Wright said ' This particular club means a l… Continue Reading »

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Hayward Wright Golf Day 2012

Hayward Wright ran their second golf day in aid of the Princes Trust. With the support of local business the total raised was £3311. This will go to help the Princes Trust continue their good… Continue Reading »

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Shires Business Report

Hayward Wright are proud to launch a series of Podcasts, we have teamed up with our client Positive Ground to bring businesses some bitesize interviews from around the four counties.

In t… Continue Reading »

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Worcester Office

Hayward Wright Accountants open a new office in Worcester city centre.
Hayward Wright has worked hard to develop a firm that focuses on service and added value to their clients. The success… Continue Reading »

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200% Tax Credits for R&D

For more details on Research and Development Tax Credits please click the link.

R&D Tax Credit Flyer

When most people think of R&D they think people in white coats, this is not always… Continue Reading »

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Are your records good enough?

HMRC has its sights firmly set on the two million small businesses that it believes are failing to keep adequate records.

Around 1,200 SMEs are being targeted from July in what HMRC descr… Continue Reading »

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HMRC Approved Mileage Rate

From 6th April 2011 the rate will increase from 40p to 45p per mile for the first 10,000 miles.  The post 10,000 mile rate will remain the same at 25p.

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PAYE Codings - More tax due

This comes in addition to the 6m people who were told in September that they had paid incorrect amounts of tax.

However, 250,000 state pensioners have been told their tax underpayments fo… Continue Reading »

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2011 Budget Date Set

The 2011 Budget speech will take place on Wednesday 23rd March

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Multiple occupancy landlords beware HMRC's new position on communal areas

HM Revenue & Customs latest Business Brief treats some communal areas as dwellings.

HMRC's Business Brief 45/10 has set out their position regarding kitchens and other communal areas for … Continue Reading »

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HMRC close to closing Swiss bank accounts

The secret Swiss bank account of legend is to become a relic of the past if the UK government achieves its aims in negotiations with the Swiss government.

Negotiations recently opened bet… Continue Reading »

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