September 2017

22
Launched in 2016, the Prince's Farm Resilience Programme aims to help family farm businesses improve their confidence, efficiency and resilliance. It brings together like minded farm enterprises in local networks, to help them review their current activity, identify opportunities and improvements that can be made on-farm to build resilience, and to help sustain a diverse farming sector in the UK.  Read More

08
As part of the scheme, between £200 and £1500 is available to eligible rural groups.  Read More

05
The Mid Ulster Village Spruce Up scheme grant aid can provide up to 75% funding to a maximum amount of £5,000 per property for minor external and/or internal improvements and repairs.  Read More

August 2017

30
Taking steps to ensure the future of the family farm is vital for all farm businesses. Hosted by Rural Support, hear from keynote speaker Siân Bushell as well as our very own Sean Cavanagh as they explore the topic of farm succession planning.  Read More

May 2017

09
Over the course of their business life, successful trading companies can build up significant levels of profits and cash. These are often retained within the trading business and balance sheet, rather than being withdrawn each year as drawings or dividends.  Read More

April 2017

10
Invest NI has recently announced a Resource Efficency Grant, providing grants of 40% of your spend up to £40k for local businesses.  Read More

March 2017

09
Chancellor Philip Hammond presented his first Spring Budget on 8 March 2017. There was nothing new or radical included in this budget.  Read More

February 2017

27
Tax investigations have arrived thick and fast in the last number of years and there is no sign of this trend slowing down. PAYE enquiries are one area that HMRC has specifically focused on and the outcomes for such enquiries can result in significant liabilities. However, with the right records and procedures in place, these enquiries can run smoothly.  Read More

22
In 2016 we saw Leicester City win the premier league, our Olympians shine in Rio and our footballers and fans showed their class in France. It was turbulent and uncertain for the business community but the economists were proven wrong and the sharp decline predicted as a result of the Brexit vote hasn’t materialised.  Read More

November 2016

25
As the Christmas season draws near we are all beginning to feel the pressure as deadlines are set to bring the year to a close. The kids write their letter to Santa, the decorations appear in the shops and the party nights are put in the diary. Many people enter the season unprepared and leave it with maxed out credit cards, sleepless nights and a bad credit rating.  Read More

23
Philip Hammond delivered his first Autumn Statement this afternoon and it turns out this is also going to be the last Autumn Statement. The first statement since the referendum to leave the EU, it offered no surprises and no major new tax changes were announced.  Read More

18
Operating in a corporate structure often gives Directors a sense of freedom from any personal liability or responsibility for their actions. At its very basic level, Shareholders delegate the day to day management of their Company to its’ Directors. Often Directors and Shareholders are the same people and this causes the common misunderstanding that Directors are not liable for their actions.  Read More

18
Many company advisors and professionals consider tax implications, cost of accounting and other practicalities in advising clients and businesses on their trading structure. It is often easier for a Partnership to raise much needed capital for start-up business. Some partnerships form naturally between families and even close friends. Like many relationships, they work very well until the cracks begin to show and as in life - the break-up of a business relationship can be just as messy.  Read More

18
Trustees of Charities, particularly unincorporated charities, should be aware of the extent of their potential liabilities should a charitable organisation face insolvency. In light of significant and immediate cuts to grant funding and reduced income from donations, more and more Charities are coming under financial pressure.  Read More

October 2016

18
Following the further disposal of the most recent tranche of Ulster Banks "non-performing debts" by Ulster Bank to Cerberus Capital Management it is likely that you or someone you know has been affected by these transactions. This tranche was previously non-performing agricultural debt with the majority of the debt Republic of Ireland based.  Read More

11
Minster for Finance, Michael Noonan, delivered his sixth budget since 2011. There were little surprises in this budget given most of it had been leaked in advance. There was a little something for everyone with cuts in USC, DIRT and increases in CAT thresholds and social welfare payments. Smokers were once again hardest hit with the only tax increase being on a packet of cigarettes.  Read More

05
The Low Pay Commission recently welcomed the Government’s acceptance of its recommendations for the rates of the minimum wage affecting workers under 25 and apprentices to apply from 1 October 2016 - including:  Read More

September 2016

26
As part of the government’s Five Point Plan for Housing higher rates of Stamp Duty Land Tax (SDLT) have been introduced for the purchase of additional residential property with effect from April 2016.  Read More

26
Mid Ulster Rural Development Partnership is responsible for delivering LEADER funding throughout Mid Ulster District Council under the 2014 – 2020 NI Rural Development Programme.  Read More

06
HMRC has recently changed their interpretation of the VAT treatment of dwellings that have been formed from either the construction of new buildings, or from the conversion of non-residential buildings into a dwelling.  Read More

August 2016

02
CavanaghKelly as part of its Corporate Social Responsibility has continued to provide support, guidance and training to Rural Support staff, mentors and volunteers. This has been particularly focused on specialist financial issues which increasing numbers of Rural Support callers currently find themselves facing.  Read More

July 2016

15
If you claim tax credits, you will have recently received a renewal pack.  Read More

04
Dealing with debt can be stressful as demand letters arrive and pressure mounts. It can often seem there is no way out but talking to a friend, Rural Support advisor or professional can help. Often when people come to CavanaghKelly they realise things aren’t as bad as they seem and there is a way to work through financial difficulties.  Read More

June 2016

28
CavanaghKelly are pleased to announce we are now accredited Sage Accountant Partners.  Read More

20
As the world becomes more interconnected, international trade continues to increase in importance. Greater global competition means greater choice with potentially less margin, meaning it’s not enough to continue to play it safe in ‘your own back garden’. All businesses, regardless of size, need to rise to the challenges of the global marketplace.  Read More

16
The team at CavanaghKelly are delighted to have been announced as winners in the Managing Talent category in Workplace and Employment Awards 2016.  Read More

04
A Donaghmore family, who lost their mother to cancer, organised a walk in the Mournes with some 200 volunteers in aid of the charity Hospice.  Read More

May 2016

31
A new Targeted Anti-Avoidance Rule prevents the treatment of a distribution as capital in certain circumstances. Notwithstanding this Members Voluntary Liquidations (“MVLs”) are still a useful tool for tax efficient distributions, de-mergers and even winding up charitable and not for profit companies.  Read More

30
HMRC is often the primary creditor in many insolvency cases and will often play a vital role in deciding whether a Voluntary Arrangement will be successful. For an arrangement to succeed it must achieve the support of 75% of voting creditors.  Read More

30
The ROI Bankruptcy regime continues to evolve and the 2015 Bankruptcy (Amendment) Act brings the legislation closer to the UK systems. This will undoubtedly reduce forum shopping and promotes the so called ‘second chance’ culture inherent within the UK system.  Read More

27
Meet our team who can support you or your clients with insolvency and restructuring related matters.  Read More

25
Rural Support recently attended the Balmoral Show at Balmoral Park. The Balmoral Show is an important event on the PR calendar for Rural Support and provides an excellent platform from which to promote the charity.  Read More

23
Have you or someone you know, seen a decrease in your income in recent times? If so, you may be entitled to tax credits.  Read More

13
The team at CavanaghKelly are delighted to have been selected as finalists for the Managing Talent Category in the Workplace and Employment Awards 2016.  Read More

09
Details on some of the grants and funding opportunities currently available for local business.  Read More

04
CavanaghKelly is pleased to announce that Catherine Martin has been appointed as a partner. She will take a key role in the Accounts and Audit service offering, continuing to strengthen the Practice's position across the province.  Read More

April 2016

25
The team at CavanaghKelly want to wish Partner Sean Cavanagh a very Happy Birthday!  Read More

22
The Department for Social Development is currently taking applications for Urban Development Grants (UDG) for 2016 / 2017.  Read More

11
The following is a list of some on the key personal and business tax changes coming into effect from April 2016.  Read More

08
There are a number of deadlines approaching for Farmer and Landowner 2016 entitlements.  Read More

06
Historically, all services provided by residential care homes / nursing homes have been VAT exempt. This was successfully challenged by Kingscrest Associates Ltd and Montecello Ltd (t/a Kingscrest Residential Care Homes) in 2002 and resulted in care homes being able to recover VAT on their expenditure.  Read More

04
This is a one off scheme to deal with the unique circumstances caused by heavy rainfall during the period 7 November 2015 - 31 January 2016  Read More

01
From 1 April 2016, a new compulsory national living wage (NLW) of £7.20 an hour applies to workers aged 25 or over (provided they are not in the first year of an apprenticeship). At least 1.5 million people will get a pay rise.  Read More

March 2016

16
George Osborne has delivered his 2016 Budget. Mr Osborne constantly referred to this budget as 'the budget for the next generation' and also often stressed the need to 'act now so we don't pay later'. We've set out our summary below, along with the key highlights.  Read More

09
From 6 April 2016, there will no longer be a requirement to pay Tax and National Insurance Contributions (NIC's) on qualifying paid or reimbursed expenses payments.  Read More

04
Anna Devlin, Head of Forensic Accounting at CavanaghKelly has been featured in the Northern Ireland's Rising Stars 2016 - 40 under Forty.  Read More

February 2016

29
Lagan Rural Partnership Local Action Group has announced a series of workshops throughout March to help new and existing businesses explore funding opportunities available under the Rural Business Investment Grant Scheme, as part of the NI Rural Development Programme 2014-2020.  Read More

22
Fermanagh and Omagh local action group (LAG) is currently hosting information evenings to raise awareness of the Local Rural Development Strategy for the area, the Schemes through which the funding will be administered as well as providing an overview of the application/assessment process.  Read More

20
CavanaghKelly are delighted to announce a new two-year charity partnership with Rural Support, the Cookstown based charity formed in 2002 to provide support at challenging times to farmers, their families and the rural community as a whole.  Read More

19
Mid Ulster Rural Development Partnership is responsible for delivering LEADER funding throughout Mid Ulster District Council under the 2014 – 2020 NI Rural Development Programme.  Read More

11
Enterprise, Trade and Investment Minister, Jonathan Bell has announced that the domestic and non domestic Renewable Heat Incentive (RHI) schemes will remain open until 29 February.  Read More

08
Proposal to close Northern Ireland Renewable Heat Incentive (RHI) scheme has been announced.  Read More

05
The Northern Ireland CoSI Data Collection Phase has commenced with a request for Information Returns to be completed and returned online on or before 4 March 2016.  Read More

03
Under the Shops (Sunday Trading &c.) (Northern Ireland) Order 1997, shops over 280 square metres (3,014 sq ft) are restricted to 5 hours of trading on a Sunday.  Read More

January 2016

25
Rural communities and businesses in Mid Ulster are set to benefit from over £8m in LEADER project funding through the new Northern Ireland Rural Development Programme.  Read More

19
Charitable and Not for Profit companies (NFPs) are usually set up by volunteers who want to make a difference to their community and achieve an objective for the public good. Once this objective has been achieved, the company can be wound up.  Read More

18
The tax treatment of loan write-offs outside of a formal insolvency process has been a thorny issue of late for limited companies and their advisors. Legislation passed on 18 November 2015 has brought in new exemptions for taxable credits arising on the write-off on non-trading loans for limited companies, in some circumstances.  Read More

13
As we move into 2016, the time is right to look at how we can make changes and improvements to all our businesses. We see a number of areas where there are opportunities and challenges ahead for advisors and our clients.  Read More

12
When considering the finance options available for your business it's important to ask yourself some key questions...  Read More

08
2016 brings a number of planned tax changes for owners of small companies, which will be viewed by many entrepreneurs as continuing an 'anti-business' trend in recent budgets. Further to the changes in reliefs available on incorporation, and the removal of tax relief for amortisation of goodwill, the planned changes to availability of entrepreneurs' relief and dividend taxation will lead to many small business owners paying significantly more tax.  Read More

06
Once your business is established and you are making a profit on the products and services you are offering to your customers, it's never too soon to start thinking about the future and how your business can begin to expand.  Read More

December 2015

10
Businesses investing in machinery or buildings currently enjoy a very generous allowance of 100% deduction against their tax bill but this is set to change.  Read More

08
The 2014 Finance Act introduced the power for HMRC to issue Accelerated Payment Notices (APNs) to taxpayers who had become involved in tax avoidance schemes. However recent evidence suggests that HMRC is also using this power to target more moderately well off individuals. More than 12 months on, we look at the impact of these powers and what to do if you receive one of these notices.  Read More

01
New legislation approved today (1 Dec 2015) will bring the Republic of Ireland legislation in line with Northern Ireland, England and Wales and reduce the bankruptcy period of 3 years to 1 year.  Read More

November 2015

25
George Osborne delivered his Autumn Statement to the House of Commons, speaking for just over an hour, focusing mainly on the public spending review. The Chancellor announced that this government aimed to achieve a £10bn surplus and reduce overall government debt by 2019/20. The focus of the budget was on protecting security and education budgets, increasing NHS spending and increasing spend on infrastructure.  Read More

20
If you live or operate an enterprise in a rural area, you may be eligible to apply for grant funding from the Rural Development Programme. However, you must attend an information workshop before submitting an application.  Read More

17
A Task Team has been formed to promote the Enniskillen BID initiative, which if successful, will provide all businesses within the defined area an opportunity to work collaboratively and take control of some aspects of their trading and business environments.  Read More

12
The protection afforded by limited liability has its own limits in the context of liquidation or administration of a company. Insolvency practitioners and the Official Receiver in a Court Winding Up have a duty to act in the interests of a company's creditors, and this extends to considering whether there are any causes of action against the directors of the company if they have misapplied property or breached their duties as directors.  Read More

October 2015

14
Michael Noonan, Minister for Finance, delivered the 2016 budget on 13 October 2015. With uncertainty surrounding whether there would be a potential snap election before Christmas, this budget was heralded as a “goodie bag” budget with treats for all.  Read More

08
A 'new look' Cavanagh Kelly.  Read More

September 2015

08
We held a number of free seminars in September aimed at helping Employers understand their legal obligations on Pension Reform and Auto Enrolment as well as changes Employers must make to employee’s terms and conditions  Read More

August 2015

17
As part of our Sector Spotlight series, this article looks at overall product cost and identifies some key factors for consideration when calculating this cost, particularly in a manufacturing context.  Read More

17
HMRC Amnesty: Let Property and Hair & Beauty  Read More

17
As part of our Sector Spotlight series this article looks at Research and Development (R&D) and the tax reliefs that are currently available to companies.  Read More

14
Results and a collection of photos from our 4th Annual Golf Day at Killymoon Golf Club, Cookstown.  Read More

27
On 31 March 2015, the EU Milk Quota was abolished. (Quotas were introduced as a way of limiting milk production across EU Member States).  Read More

23
The ROI Companies Act 2014 came into force on 1 June 2015 and will apply to all Republic of Ireland registered companies.  Read More

08
Chancellor George Osbourne has delivered his 2015 Summer Budget. Please find attached our briefing setting out the key points. If you have any questions please do not hesitate to contact our Tax Department on 028 8775 2990.  Read More

April 2015

01
George Osbourne delivered his last budget as Chancellor. Savers, pensioners and first time buyers were the main winners. See attached our 2015 Budget booklet outlining a summary of the facts.  Read More

February 2015

10
Our Spring 2015 seminar is all about growth! Come along to one of our events in Cookstown and Enniskillen and hear first -hand what you need to do to achieve sustainable growth in a way that works for you.  Read More

January 2015

16
Bankruptcy changes - If someone owes you at least £750 you can bring bankruptcy proceedings. The UK govt has announced that this level will increase to £5,000.  Read More

December 2014

18
Big Changes are happening to place of supply rules fro VAT in relation to the supply of electronic internet services within the EU. These changes will affect quite a number of businesses involved in supplying services over the internet, no matter how small or big they are!  Read More

03
Chancellor George Osbourne today delivered his 2014 Autumn Statement to the House of Commons - his final Autumn Statement before the General Election next year.  Read More

November 2014

17
The difficult economic conditions of the last number of years have resulted in a huge "squeeze" for retailers, with customers having more time and less money to spend. This squeeze, coupled with a large reduction in the "white van man" and increased competition from discount operators, has resulted in reduced footfall and consumer spend.  Read More

17
Please see attached newspaper article speaking about Cavanagh Kelly's expansion.  Read More

October 2014

15
Michael Noonan, minister for finance delivered the 2015 budget on 14 October 2014. This budget saw the end of the era of austerity with good news for individuals and businesses alike. For the first time in many years there were more tax cuts than hikes coupled with an increase in social welfare expenditure.  Read More

09
With up to £4k available to allow your business to work with one of the 39 highly respected universities, colleges or research bodies. This is ideal to help kick start an R&D project or bring one to a close.  Read More

September 2014

30
If an individual dies before they reach the age of 75, they will be able to pass on their remaining pot to anyone completely tax free.  Read More

18
The Technology Strategy Board (TSB) has launched a new funding competition for up to 25 knowledge Transfer Partnerships (KTP) to address key challenges facing the agri-food sector.  Read More

16
Sport NI is welcoming applications from groups who are seeking to improve community relations and those based in areas of greatest need.  Read More

July 2014

10
We are delighted to announce that our 3rd Annual Golf Day was highly successful with a fantastic turnout of 37 teams at Dungannon Golf Club.  Read More

09
Agriculture and Rural Development Minister Michelle O'Neill has made a series of significant announcements on CAP reform.  Read More

June 2014

19
It is hard to believe Cavanaghkelly have been present in Enniskillen for 1 year now. See article in local newspaper celebrating same.  Read More

01
Cavanagh Kelly are happy to announce they are sponsoring the Agri-Food Business of the year award at this years Fermanagh Business Awards. For more information please click on the link inside.  Read More

May 2014

14
Nearly Every Business, Charity and Community Amateur Sports Club (CASC) will be entitled to an annual 'employment allowance' of £2,000.  Read More

April 2014

10
On Wednesday night past, we held a client information evening to outline the significant changes to the existing SFP system over the coming weeks and months.  Read More

07
We are holding an information evening to share our thoughts and some worked examples next Wednesday 9th April at 8pm in the Corick House, Clogher  Read More

March 2014

21
George Osborne has delivered his penultimate budget before the next General Election - a key budget from an electoral point of view. It needed to deliver on promises made and offer the coalition partners something to trumpet over the next year in the run in to the election.  Read More

20
Free Initial Appointments with our Specialist Insolvency Advisors  Read More

19
Chancellor George Osborne has just delivered the 2014 Budget. The Key Points, as announced in his speech, are as follows:  Read More

February 2014

24
Tuesday 25th February 2014, Strule Arts Centre Omagh, from 6pm to 7.30pm  Read More