Category Archives: Firm News

Highly talented financial specialist joins MT Financial Management

Dan_Elkington_profileOne of the East of England’s leading wealth management firms MT Financial Management (MTFM) has welcomed Daniel Elkington as its latest Independent Financial Planner (IFP).

Daniel has almost a decade’s worth of experience in the world of finance and was a runner-up at this year’s prestigious Money Management Financial Planner Awards for his expertise in alternative assets.

Put together by Money Management, which is the technical journal of The Financial Times for advisers, the award attracted the attention of MTFM who thought Daniel would be the ideal candidate for their latest IFP position.

He specialises in advising high net-worth clients, trustees, charities and businesses on a range of wealth management matters, such as pension planning, Enterprise Investment Schemes, alternative investments and much more.

Daniel can also provide support to clients with their wider investment portfolios and assist with the decision whether to transfer final salary pension and CARE schemes.

Speaking about his appointment, he said: “I have had a fantastic 2017, coming close to taking home a national award. Joining MTFM is another highlight and I am looking forward to providing a complete service, and being able to use all the qualifications and expertise that I have to the full benefit of my clients.”

Outside of work, Daniel is very active in the local community and sits as a trustee of a local multi-academy trust school – looking after 250 teachers and thousands of pupils across a range of sites.

He is also a trustee of Boston and South Holland Age UK and President of the Boston Grammar School Alumni.

Trevor Wilshire, Director of MT Financial Management, said: “When we met Daniel and heard about his exceptional achievements we knew he would be an asset to our firm. We believe that his expertise and experience gained in a professional environment will strengthen our reputation for delivering excellent support to clients of our firm.”

Moore Thompson is named as one of the UK’s top 100 accountancy firms once again

One of the East of England’s leading firms of accountants, Moore Thompson, are celebrating once again, having been included in this year’s UK top 100 accountancy list.

The leading firm, which has offices in Spalding, Wisbech and Market Deeping, has been selected for the Top 50 + 50 list, put together by professional publication Accountancy Age, thanks to its exceptional performance during the last 12 months.

This is the fourth time that Moore Thompson has made the prestigious list, which includes some of the largest names in the world of accountancy.

Mark Hildred, Managing Partner at Moore Thompson, said: “We are absolutely delighted to be listed in this year’s Top 50 + 50 list, which places us amongst the UK’s largest and fastest growing accountancy firms.

“We feel this listing recognises our contribution to the profession and the support we provide to businesses across the region, as well as our wonderful success during the last year.”

Moore Thompson strengthens its online accountancy expertise with new accreditations

Staff at one of the East of England’s leading accountancy firms, Moore Thompson, have strengthened the firm’s provision of online accountancy services by gaining accreditation from Xero – one of the industry’s leading software providers.

Matthew Upex, a Manager at Moore Thompson’s Market Deeping Office and Jodie North, an Associate Senior, have both completed professional training and are now Certified Xero Advisors.

This means that they are able to provide detailed advice to clients on the use of Xero’s online accountancy packages, which make use of the cloud to allow management teams to assess their accounts in real-time, using any connected device, anywhere in the world.

The system, which has taken the businesses world by storm, has become all the more important in recent years as the UK Government seeks to digitise the tax process.

As early as 2020, business above the VAT threshold (£85,000) will be required to report all of their tax details online on a quarterly basis, with smaller businesses to follow suit in future.

Speaking about his and Jodie’s accreditation, Matt said: “Businesses across the East of England and beyond are calling out for innovative solutions, which meet the demands of the modern business world.

“Xero is the perfect package in this respect, as it allows businesses to access information on the go and allows us as advisers to tailor our support to meet specific issues within the company in real time.

“Obtaining this certification requires us as advisors to understand all the in-and-outs of the system so that we can provide clients with the highest level of service.”

Mark Hildred, Managing Partner at Moore Thompson, added: “With the Government due to roll out its plans for Making Tax Digital – the digitisation of the tax regime – in the next few years it is essential that businesses begin to prepare themselves now.

“Thanks to this accreditation we now stand out as a firm that is leading the way in the region with the provision of online accountancy services.”

Moore Thompson hopes to make tax less taxing at upcoming seminar

Omark-hildred-prne of the East of England’s leading accountancy firms, Moore Thompson, has announced that it will be holding a free tax conference in October.

The event, due to be held at the South Holland Centre in Market Place, Spalding (PE11 1SS) on Wednesday 18 October 2017, will explore a wide range of tax issues and will seek to bring clarity to the UK’s ever-changing tax regime with concise and engaging presentations from Moore Thompson’s team.

Special guest speaker, Giles Mooney – a Chartered Accountant and Chartered Tax Adviser, who has been involved in UK tax training for more than two decades – will also share his expertise with the assembled guests.

This is the second year that the conference has been held by the firm and it follows on from its successful event in 2016, which saw a large audience gather to learn more about the latest changes to tax.

This year’s event will focus on Making Tax Digital, explaining what it will mean for local businesses and the next steps that they will need to take to be ready for the phasing in of the new online taxation system in 2020.

Mark Hildred, Managing Partner at Moore Thompson, said: “We are really looking forward to greeting some of the region’s top business leaders at our upcoming annual tax conference.

“There have been a number of significant changes to taxation in the last year and there are some important issues to consider in the next couple of years, which we hope to cover during our presentations.

“I would encourage businesses to come join us at this free event to help them prepare for the months and years ahead.”

To find out more about Moore Thompson’s 2017 Tax Conference, please visit www.moorethompson.co.uk/upcoming-seminars

Moore Thompson opens the door to experienced payroll manager

KieranOne of the East of England’s leading accountancy firms, Moore Thompson, has welcomed an experienced payroll expert to help head up its growing team.

Kieran Smith joins the firm, which has offices in Spalding, Market Deeping and Wisbech, from Boston College where he worked his way up from apprentice to the position of Payroll Manager.

He will take on a similar role at Moore Thompson, drawing upon his experience and prestigious Higher National Diploma in Payroll Management to assist clients.

Speaking about his appointment, Kieran said: “I am really looking forward to helping lead the payroll team at Moore Thompson, which continues to see increased interest in its services from local businesses.

“I hope that I can build upon the success of my predecessors and continue to deliver the high levels of service that clients have come to expect of the practice.”

In his new position, Kieran will play an important role in continuing to support Moore Thompson’s clients with the auto-enrolment and their management of workplace pensions, alongside the other payroll compliance that businesses are required to follow.

Mark Hildred, Managing Partner at Moore Thompson said: “We are delighted to be welcoming Kieran to the firm. He comes to us with lots of experience and a strong local connection to the area, which is always beneficial to us when working with our clients’ in the region.”

Last month Moore Thompson also welcomed Siri Pabby Chetty to its payroll team, as it continues to grow to meet clients’ requirements.

If you would like to know more about Moore Thompson’s payroll services, please visit www.moorethompson.co.uk/our-services/our-payroll-services/

Professionals prepare for annual Moore Thompson charity quiz

mark-hildred-prBusiness leaders and professionals from across the East of England are preparing for Moore Thompson’s popular annual charity quiz.

This is the fourth time that the competition, which regularly sees some of the region’s top business brains face off against one another to be crowned the winner, has been held.

This year’s event will take place on 5 October 2017 at the South Holland Centre in Spalding and will raise money for Lincolnshire Autistic Society, which is dedicated to building awareness and understanding of Autism Spectrum Disorders.

This cause was specially selected in memory of Jenny Nicolson, a much loved former tax manager at Moore Thompson’s Spalding office, who passed away in 2016.

Jenny had worked for Moore Thompson for many years and was an extremely enthusiastic quiz aficionado, which is why her colleagues thought it fitting to hold the latest competition in her memory.

Speaking about the upcoming quiz, Moore Thompson’s Managing Partner, Mark Hildred said: “Everyone is really looking forward to this year’s quiz and we already have a number of teams who have expressed a strong interest in taking part in hopes of taking home a prize.

“This year is particularly special for our team in light of it raising money for a charity that Jenny was a keen supporter of and we hope that we will be able to raise a significant amount for this cause.”
The event will also feature a raffle, which will include prizes donated by a number of local organisations and businesses to help rack up the fundraising total.

The Moore Thompson Charity Fund CIO, the firm’s own in-house charitable organisation which hosts the quiz, was officially launched in 2014 and is led by a board of trustees made up of staff members from the firm’s three offices. Last year it raised more than £3,000 for LIVES and Lincolnshire & Nottinghamshire Air Ambulance.

Moore Thompson helps businesses to prepare for new data protection regulations

mark-hildred-prFrom 25 May 2017, businesses across the UK will come under the net of new data protection rules, which if ignored could lead to significant fines and sanctions.

In order to help companies prepare for this change, leading accountants, Moore Thompson, are to host a free seminar on Wednesday 20 September 2017 at the South Holland Centre in Market Place, Spalding.

The event will feature a discussion on the new General Data Protection Regulations (GDPR), which will include presentations from the Moore Thompson team and Alan Owen, Managing Director of data security specialists, ICARIS Sentinel.

Starting at 4.30pm, the free seminar will cover the rights of data subjects, stricter sanctions for non-compliance and the role of data protection officers within a company, amongst a number of other topics.

Speaking ahead of the event, Mark Hildred, Managing Partner at Moore Thompson, said: “GDPR has gone fairly unreported by the press and yet it could have a significant impact on a wide variety of businesses.

“Any company that holds data, whether it is for previous, existing or future customers or suppliers will need to co-operate with this new legislation or face the prospect of significant fines.

“We are delighted that Alan from ICARIS Sentinel is joining us and I would encourage businesses to attend this event to learn how they can prepare for the changes ahead.”

Guests will also be offered refreshments and will get a chance to speak with Moore Thompson’s team, while enjoying a light buffet.

Those wishing to attend the event are encourage to contact Louise Bacon at Moore Thompson by emailing louise@mooret.co.uk or calling 01775 711 333.

Making Tax Digital delayed, but businesses can still gain from online accounting, says Moore Thompson

mark-hildred-prOne of the East of England’s leading firms of accountants is calling on businesses to continue preparing for the introduction of digital taxation, despite new Government plans to delay the new regime.

Moore Thompson has said that companies across the region need to get ready for Making Tax Digital – the Government’s new online tax system – by incorporating online accounting software into their business.

It has been revealed that this new system, described by many as the biggest change to taxation in more than 70 years, will begin to be rolled out for businesses above the VAT threshold in April 2019.

For the first year, these businesses will only need to report VAT-related taxes on a quarterly basis online using MTD accounting software or via a spreadsheet fed into similar systems.

Businesses will not be asked to keep digital records, or to update HMRC quarterly, for other taxes until at least 2020.

Companies, sole traders and landlords below the VAT threshold will still be able to use the Making Tax Digital system on a voluntary basis to record and report their tax affairs.

This differs drastically from the Government’s previous plans, which would have seen all businesses, landlords and self-employed taxpayers with an annual turnover of £10,000 or more register, file, pay, and update their information online each quarter.

Mark Hildred, Managing Partner at Moore Thompson, said: “While we welcome the Government’s changes to this onerous system, we still feel that many businesses aren’t yet prepared for Making Tax Digital.

“Even though plans have been delayed under these new plans by around one to two years, companies can still benefit from using online accounting systems.”

Online accounting packages, such as QuickBooks, Xero and Sage, allow businesses to monitor their performance and collaborate with their professional advisers in real-time. The packages also allowing them to safely and securely store invoices, receipts and other important documents in the cloud, added Mark.

“We have already assisted a number of companies to incorporate online accounting into their business and they are already reaping the benefits of these innovative systems. I would encourage all firms to explore the potential benefits of the software on offer, whether they are bound by digital taxation or not.”

To find out more about Moore Thompson’s range of online accounting and cloud services, please call 01775 711333 or visit www.moorethompson.co.uk

Deeping Beer Festival a success thanks to support of Moore Thompson

Moore Thompson has sponsored this year’s Deeping Beer Festival.
Moore Thompson has sponsored this year’s Deeping Beer Festival.

One of the East of England’s leading accountancy firms Moore Thompson is celebrating the success of the Deeping Beer Festival, which it sponsored.

The festival, which has grown massively in popularity since it was launched in 2003, saw hundreds of beer lovers gather at the Linchfield Road site to enjoy refreshments and live music.

This year’s bands included Revolver, Children of the Revolution and Bondy, while guests could sample more than 100 craft brews, with money raised from donations going to Prostate Cancer UK.

Moore Thompson was amongst a number of local businesses to support this year’s successful festival, sponsoring the popular cider tent.

Mark Hildred, Managing Partner at Moore Thompson, said:  “We would like to say a big thank you to the organisers of this year’s Deeping Beer Festival for inviting us to support their event.

“A number of us attended and had a very merry time listening to music and sampling the fantastic drinks on offer. Events such as these are what make Market Deeping such a wonderful place to live and work.”

 

Accountants face their fears to raise money for charity

Moore Thompson’s team of daredevils have taken on The Orbit in London and abseiled down it to raise money for charity.
Moore Thompson’s team of daredevils have taken on The Orbit in London and abseiled down it to raise money for charity.

At 250 feet high The Orbit at the Queen Elizabeth Olympic Park in London is one of the more extreme abseil locations in the UK, but this hasn’t put a team of accountants from Moore Thompson of descending down the building to raise money for charity.

In total eight colleagues from the firm, which is one of the leading practices in the East of England, took part in the challenge to raise money for the Moore Thompson Charitable Fund CIO – the firm’s in-house charity.

Organised by two of the Fund’s trustees, Emma Wilson and Laura Grimer, the abseil saw Louise Feaviour, Julie Green, Kirsty Holmes, Hannah Watkins, James Walsham and Jordon Wingert swap their smart suits for a harness to enjoy fantastic views of the Capital from one of its most unique viewpoints.

Having completed the challenge, Emma and Laura said: “We are delighted with the efforts of the team and while it was fairly terrifying dangling from such a large London landmark, it was definitely worth it for the amount of money we have managed to raise.”

By taking part in the abseil, the team of colleagues managed to beat their original £800 goal, by raising £860 to date for their in-house charity, which itself supports a number of local causes each year.

Mark Hildred, Managing Partner at Moore Thompson, said: “Everyone at the firm is really proud of what the team has managed to achieve and we have been very impressed with their bravery.

“Last year we managed to raise around £3,000 for charity through events such as these and this year we look to be on our way to raising even more.”