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We did it!

We’re proud to have completed the Altrincham 10k run and joined thousands of fellow runners on the closed roads of Altrincham on 5th September 2021.

Starting and finishing in the centre of Altrincham it was a popular event and raised thousands of pounds for charity from everybody taking part.

The Altrincham 10k was open to runners of all abilities and each mile was accurately marked out with distance flags and there were plenty of supporters along the course to encourage runners all the way to the finish line.

Thank you to everyone who supported us!

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Doing business in Greater Manchester

As members of MGI Worldwide, we are always happy to push the virtues of doing business in the UK – and within our own region of Greater Manchester in particular. 

MGI Worldwide, is a top 20 international accounting network of independent audit, tax and accounting firms, which brings together the expertise of some 10,000 professionals in over 100 locations around the world. Our membership enables us to keep abreast of important new developments, while providing a seamless international service to any of our clients looking for support abroad.

Through MGI Worldwide, our firm benefits from connections with people we get to know and trust in all corners of the globe.

With a strong regional and international presence in almost 100 countries, MGI Worldwide with CPAAI is organised into eight geographic regions – Africa, Asia, Australasia, Europe, Latin America, Middle East & North Africa, North America and UK & Ireland – each with their own management and regional activities to foster growth and collaboration.

That’s why we’re getting ready (with the support of MIDAS, Manchester’s inward investment agency, which has provided us with lots of incredible data, statistics and insights about the business opportunities in Greater Manchester) to deliver a presentation to member firms from across the globe. Watch this space for further details when a date is secured.

International links at Alexander Knight & Co

We can help you to make your international business a success. MGI Worldwide is a quality controlled network and, like all member firms, we are subject to review of our quality assurance systems and procedures against international standards. We’ll be very pleased to support you with trading in the UK – or trading in other countries around the world.

If you are an international business looking to relocate to the UK – or launch a UK subsidiary – email Murray Patt now.

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Is the Covid-19 Recovery Loan Scheme right for your business?

The Covid-19 Recovery Loan Scheme can be an option for entrepreneurs who require a little more support as we emerge from restrictions. 

More than a year after the first lockdown, company directors can be forgiven for thinking that they may have exhausted every last available measure of Government support available. However, the lesser known recovery loan scheme may be another option to explore.

What is the Recovery Loan Scheme?

Launched on 6th April 2021, the Recovery Loan Scheme replaces the original coronavirus loans, which provided invaluable emergency funding from the start of the pandemic.

The government provides an 80% guarantee for all loans, with no personal guarantees needed for borrowing up to £250,000. Interest rates are capped at 14.99%, with loan terms ranging from three to six years, depending on the type of funding used.

Who is eligible?

The loan is designed to be accessible for businesses across all industries. It is open to all companies trading in the UK, except for public sector bodies, state-funded primary and secondary schools, banks, building societies, insurers and reinsurers.

As usual with the support available from the Government, you must confirm that your business has been adversely affected by Covid-19.

Can you still get a recovery loan if you’ve already had a CBIL or Bounce Back Loan?

Yes! You are still eligible for the Recovery Loan Scheme if your business requires additional funding. However, this time there will be no interest-free period like there was with the other coronavirus schemes.

Of course, a major appeal of a Recovery Loan is that a personal guarantee is not required for loans taken up to £250,000.

How to apply.

You can find a lender accredited to offer Recovery Loans from the list on the British Business Bank website and apply to them directly.

You can find more detailed information about the scheme on the Government’s own website here.

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Growth at Alexander Knight & Co as team expands

We are thrilled to announce that Danielle Cresswell and Alastair Tough have joined the Alexander Knight & Co team.

Bringing a wealth of experience from her time working at accountancy practices across the region, Danielle will provide hands-on support in the role of Manager. In her spare time, you will find Danielle either walking her beloved Shih Tzu, Ty, or cheering on top tier rugby league club, St Helens.

Alastair recently graduated from the University of Warwick and has chosen to take the first steps of his accountancy career with us. Joining as an Assistant Accountant, Alastair recently relocated from Nottingham to be part of the Alexander Knight & Co team and we are so pleased to have him.

Murray Patt, founder of Alexander Knight & Co, said:

“We are delighted to welcome Danielle and Alastair to our team. It’s fantastic to have them on board as we enter the exciting next stage of growth as a business.”

Welcome to the Alexander Knight & Co team, Danielle and Alastair!

 

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Budget Report 2021

Our team has analysed yesterday’s budget and we have now produced our 2021 Budget Report which covers off all the main issues you need to know as a business owner. Click below to download.

Budget Report 2021

If you have any queries about how any of the measures impact you and your business please speak to our team on (0161) 980 8788 or email murray@alexanderknightaccountants.co.uk 

 

 

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BUDGET 2021: a snapshot summary for business owners

Budget 2021 summary

Budget 2021: top 5 things you need to know.

Rishi Sunak, the Chancellor, has confirmed some key changes that will impact you and your business. We are analysing the detail of the changes and we will update you very soon on what it means specifically for your business.

We feel that the Chancellor has listened to the concerns of business owners and their professional advisers and whilst the Treasury needs to balance the books, the good news is that the main tax rise (corporation tax) isn’t effective until 2023.

The ‘super deduction tax break’ (see below) looks very interesting and we will be looking more closely into this to see where our clients can benefit. Capital Gains Tax (CGT) rules appear to remain unchanged – but we will be checking the detail of the official budget report today.

The top 5 things you need to know today are: 

1) Furlough extended until October 2021

This measure is helpful if your business needs ‘breathing space’ to enable your business and staffing levels to normalise steadily as the economy revs up after lockdown The scheme tapers with a 10% contribution expected by employers in July – and a 20% contribution in August and September. Speak to us for help in processing your new furlough claims accurately.

2) Corporation tax increase 

Corporation tax will rise to 25% (up from 19%) in April 2023 – but only for firms with profits of more than £250,000. A new, ‘small profits rate’ will be established at 19% (as it is now) for firms with profits up to £50,000. In addition, the rate of 19% will taper up steadily to 25% for companies with profits above that level up to £250,000.

3) New ‘Recovery Loan’ Scheme  

A new loan scheme (separate from bounce-back loans and CBILS) is being launched, of which 80% will be underwritten by the Government for lenders). We will be looking closely at who can apply, how the rates will work and what the lending criteria will be. So far we know that the loans range from £25,000 up to £10m and firms have until the end of the year to apply.

4) Super deduction tax break

A new super deduction tax break has been launched for firms that will reduce their tax bill by 130% of what they spend on investment. It’s a significant change to current capital allowances legislation. We will be checking this area very carefully.

5) Last orders…

Want to buy your local pub? A new £150m Community Ownership Fund will give you the chance to buy into endangered pubs, sports clubs, theatres, music venues and even post office buildings. Under the fund, which will open in the summer, community groups will be able to bid for up to £250,000 matched-funding to buy local assets to run as community-owned businesses. Bids are to open later in the year. Cheers! 

SPEAK TO OUR TEAM IF YOU NEED MORE SUPPORT ON IMPLEMENTING THE CHANGES CONFIRMED IN TODAY’S SPRING BUDGET.

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Growing your team (and ours) in a pandemic

newly qualified accountants manchester

New skills have been acquired by all business owners during the past twelve months. Entrepreneurs are a resilient bunch and many have successfully been able to evolve their businesses and their skillsets during the pandemic. In many sectors, they are beginning to thrive again or at least, as the vaccine is being rolled out, starting to feel more positive about the future.

Therefore, the mindsets of many business owners have turned from ‘survival mode’ to ‘growth mode’ as they tentatively seek to expand their teams to enable them to thrive in the looming post-Covid business climate.

For most people, business growth is synonymous with hiring new people.

Recruiting in a pandemic certainly presents its challenges. We talk to many business owners who say the way they hire people will have to change if they are to attract the best staff not only during lockdown but afterwards too.

Remote-recruiting

On the one hand, it’s easier and more convenient than ever before to undertake interviews and assessments via tools like Zoom and Teams.

Attracting candidates digitally through social media and the ease of applying for jobs on platforms like Linked In means that, in theory, it should be simple to attract people to roles that need to be filled. Recruitment agencies can also play a positive role if they are fully tuned into the candidate you’re looking for and can articulate it well to the ‘marketplace’.

On the other hand, some people are reluctant to make the move from their existing employers in these times of uncertainty and competition is fiercer than ever before for the right candidate.

We’re hiring!

Alexander Knight & Co is a typical example of a business that is growing and hiring during 2021.  We’re currently looking for a Newly Qualified Accountant to join our team (if you know somebody suitable please do feel free to send an email to alison@alexanderknightaccountants.co.uk).

It’s an attractive role -plenty of opportunity for the right candidate to succeed in a supportive environment, along with flexible working arrangements on a hybrid basis from our Grade A office space in Hale village. Despite us only just starting the search we’re in the fortunate position of having strong interest in the role already and we are happy to take our time in selecting the right candidate.

Take your time

Some businesses, however, aren’t as fortunate as us and don’t have the luxury of time and/or the magnet of being an ’employer of choice’ in their marketplace. It’s these types of business that will have to work harder than ever before in modernising their recruitment process in order to attract good candidates in 2021.

If there’s one piece of advice I’d offer, based on my experience of running a business and working with many successful entrepreneurs, it would be that it is far better to wait for the right person to add to your team than recruit in haste and regret it for a long time afterwards. Taking care to select the right person for the job will pay dividends further down the line as we emerge from lockdown.

You can find out more about new positions available at Alexander Knight & Co on our website (www.alexanderknightaccountants.co.uk) or email your CV to alison@alexanderknightaccountants.co.uk

Accountants Hale

Accountants in Hale

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Bookkeeper vacancy in Hale

We are looking for a bookkeeper to join our team of accountants in Hale, Greater Manchester.

Our clients are entrepreneurial businesses mainly based in Greater Manchester and Cheshire.

Key Responsibilities:

  • Manage a portfolio of clients to ensure their day to day bookkeeping requirements are met ✅
  • First port of call in assisting clients with bookkeeping queries ✅
  • Preparing and posting journals including accruals, prepayments, depreciation ✅
  • Assisting the accounts team with the preparation of annual statutory accounts ✅
  • Preparation of client VAT returns ✅

The ideal candidate will have solid experience working within a similar role, experience with Xero and Sage will also be preferable, you will also have good IT and communication skills. We offer very flexible working practices – currently a mix of office-based (in our Grade A office space in Hale village) and home-working.

APPLY NOW TO BE OUR NEW BOOKKEEPER.

Send your CV and a covering letter to:

alison@alexanderknightaccountants.co.uk

Accountants Hale

Accountants in Hale

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WANTED: Apprentice Accountant to join our team in Hale

  • Do you want to launch your career in accountancy? 
  • Perhaps you have recently left 6th form, college or University? 
  • Join our growing practice in Hale as an apprentice accountant

The role: Apprentice Accountant 

Alexander Knight & Co is a leading accountancy and audit practice based in Hale, Greater Manchester. We have a strong, positive and entrepreneurial culture, reflected in our impressive client base.

We are growing and we’re hiring now. We pride ourselves on recruiting the best people so that our clients can be assured they’re in safe hands. We are now looking for an apprentice accountant – at either L3 or L7 – to join our team at the start of 2021. We have a good track record of helping the next generation of accountant develop in their career.

Jack joined us as an apprentice and is now progressing in his career as an accountant.

Read Jack’s story here – he joined us as an apprentice and he’s now progressing a successful career in accountancy at Alexander Knight & Co.

What you’ll get if you join us as an Apprentice Accountant:

  • Supportive, friendly and flexible working environment.

  • Grade A office in the heart of Hale village.

  • Regular training and career development.

  • Competitive salary + flexible benefits.

The successful candidate’s duties will be varied, and office/client based. Our clients are spread across the Greater Manchester and Cheshire area and in some instances the apprentice will be expected to travel to see clients independently.

Key responsibilities will include:

• General accounting and office duties – and checking and analysing client invoices
• Drafting financial statements
• Assisting with personal and business tax
• Credit control
• Updating and creating spread sheets and using computerised accounting software
• Basic costing duties

Desired skills

• High level of numeracy and literacy essential
• Computer literate with experience of Microsoft Word, Excel and PowerPoint, plus excellent keyboard skills
• Accurate and analytical approach, paying attention to detail
• Strong communication and organisational skills, plus effective time management and attention to detail

Personal qualities

• Must be professional with a smart appearance
• Punctual, hardworking and keen to learn and progress within a professional environment
• Enthusiastic, self-motivated but conscientious and able to work both independently and as part of a team

Desired qualifications

The successful candidate must have achieved:

  • A minimum of 5 good GCSEs to include Maths & English (ideally at the highest level A/A* or 8/9)
  • A minimum of 2 A-levels (or equivalent)

plus 

  • A degree (or equivalent for Level 7 of the Apprenticeship)

APPLY NOW TO BE AN APPRENTICE ACCOUNTANT AT ALEXANDER KNIGHT & CO.

Send your CV and a covering letter to:

alison@alexanderknightaccountants.co.uk

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NEW furlough scheme launched

New furlough scheme aimed at firms ‘forced to shut’ due to local lockdown measures.

Chancellor Rishi Sunak today unveiled the expansion of the Job Support Scheme, which is a successor to the furlough scheme.

The government says it will pay employees who cannot work 67% of their salaries, up to £2,100 a month. The scheme will come into force on 1 November and run for six months before being reviewed. Employees must be off work for a minimum of seven days to be eligible.

We are closely examining the details of this scheme as they emerge over the next few days to see what it means for your business. 

We understand that this scheme will only apply to businesses told to close – rather than those who choose to shut because of the impact of Covid restrictions.

Until November businesses that are asked to close can continue to use the furlough scheme.

It is important that if you are making claims under the new scheme you calculate the amount you can claim accurately. If you need support to make your claim – email Murray Patt now.

We are awaiting further details of this particular scheme to see of this applies to all our clients.
If you wish to discuss in more detail what these new measures mean for you and your business – please contact us now.
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