School students can ac-count on local Accountancy firm for experience in the work place

work experience

School students can ac-count on local accountancy firm for experience in the work place. 2 year 10 Ballakermeen students joined accountancy firm Crowe Clark Whitehill for a weeks work experience. Bethan Owen worked in the back office function of the firm, which consisted of internal book-keeping, petty cash distribution (Bethan … Continue reading

Fresh talent at Chartered Accountancy firm

New starters

Fresh talent at Chartered Accountancy firm. Local chartered accountants Crowe Clark Whitehill have taken on some fresh new talent in the last 12 months to boost an already busy and technical, business services team. David Caldwell joined in October 2017 as a trainee chartered accountant and could be potentially qualified … Continue reading

Introducing the Boards of the Department for Enterprise’s new Executive Agencies

Introducing the Boards of the Department for Enterprise’s new Executive Agencies The inaugural board meetings of the new Finance Isle of Man, Digital Isle of Man, Business Isle of Man, and Visit Isle of Man Executive Agencies have now taken place, with 50 private and public sector leaders participating across … Continue reading

Management accounts – some frequently asked questions

Internal Audit

Management accounts – some frequently asked questions Why do I need management accounts? If you’re planning on expanding your business, making capital expenditure or cutting back on costs, management accounts become very important to give you insights for your decision-making. Can’t I get this information from my annual accounts? By … Continue reading

Proposed Increases to Minimum Wage

Proposed Increases to Minimum Wage The Department is seeking Tynwald approval to increase the main rate of minimum wage in the Isle of Man following recommendations from the Minimum Wage Committee (MWC). In addition to the MWC’s recommendations, the Department is also looking to remove the different minimum wage rates … Continue reading

OFFSHORE ASSESSMENT TIME LIMITS HMRC consultation

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OFFSHORE ASSESSMENT TIME LIMITS – HMRC consultation HMRC has published the consultation document ‘Extension of offshore time limits’ which proposes to extend the time limits to at least 12 years to assess any tax that is due in respect of offshore matters. This consultation is an extension from the current … Continue reading

Failure to Correct : What You Need To Know

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Failure to Correct : What You Need To Know A new statutory ‘Requirement to Correct’ (RtC) for any person (including trusts and companies) with undeclared taxes from overseas assets is expected to be enacted later in the year.  The RtC covers Income Tax, Capital Gains Tax and Inheritance Tax. Worldwide … Continue reading