Iain Jennions BA(Hons) FFA FIPA FFTA
Iain trained with Grant Thornton prior to taking a break to study International Business and Spanish at Liverpool John Moores University including a year spent studying at the University of Salamanca, Spain. Following his degree he returned to his accountancy career, becoming a national award winning client manager prior to joining a local firm where he ran the largest portfolio of clients since 2002. The next step, naturally, was to start up his own practice.
As someone who is fastidiously organised and (almost) obsessively neat it means that clients’ needs will be priority and their affairs dealt with efficiently and on time.
Outside of work Iain is also a director and board member of the Insight Film Festival and takes a keen interest in helping develop the festival, as well as keeping an eye on the finance (naturally!).
Kirsty Hale ACIPP
Kirsty has worked in an accounts and administration role for the past 12 years since leaving Carmel College. During that time she has developed a wide understanding of Xero, Sage and IRIS and will be dealing with practice growth together with in-house accounts, credit control and administration.
She is currently working towards her AAT Qualification and is now an Associate of the Chartered Institute of Payroll Professionals.
Kirsty is responsible for overseeing all payroll services and VAT. Kirsty is reassuringly attentive and always keen to give good service so rest assured the quality of service provided by Jennions Macken will continue to be a priority of the practice.
Carol Macken PGDip, FRSPH
Carol hails from a family of Chartered Accountants and gained valuable experience at Sheil Kinnear & Co in Ireland prior to moving over to the UK. As company secretary she is responsible for working alongside Kirsty to develop practice growth and keeping her keen eye on all things administrative.
Since her accountancy career she has graduated from Liverpool John Moores University with a Post Graduate Diploma in Health Promotion, Policy and Research and is a Fellow of the Royal Institute of Public Health. She has worked in private, public and voluntary sectors and is experienced in all organisational administration and governance.
Ken comes from a strong accounting background having worked in various roles predominantly in industry since his introduction to the workplace at 16. He has been a lead accountant and manager for more years than he probably cares to remember and just when he thought his retirement was nearing has found himself in a new part time role (it ‘saves him from the DIY’ so he says).
Ken also works voluntarily looking after the accounts and administration for the Cheshire Asbestos Victims Support Group (CAVSG) based in Runcorn.
Coronavirus (COVID-19) Update
Coronavirus COVID-19 UPDATE
Further to any queries you may have submitted to us either via e-mail or telephone we would please ask you read the below to ascertain current governmental guidance.
The government continues to announce support measures for all businesses to assist them with cashflow over the coming months. Below is a link to a list of some of the key measures announced:
Currently a lot of the measures are lacking in detail in terms of how they will be administered and precisely who will be eligible, however:
Key points to note:
- £10,000 grant for all businesses eligible for small business rates relief
It would appear that this will be administered by local authorities. There will be no need to claim the grant – the local authority will contact each business in respect of this. It would appear that this grant is only available to eligible businesses that actually occupy a commercial premises and qualify for small business rates relief.
- Coronavirus Job Retention Scheme
It would appear that all businesses (regardless of size etc) are eligible to claim under this scheme, which aims to pay a portion of wages of staff that would potentially be laid off due to Coronavirus. Very little detail is currently available in terms of how to claim. The system / portal for making a claim is not yet accessible.
- Coronavirus Business Interruption Loan Scheme (CBILS)
It would appear that the majority of businesses will be eligible for this. Access to the scheme is to be provided through the banking system.
- Deferral of certain tax liabilities
HMRC have confirmed that any VAT liabilities due between 20 March 2020 to 30 June 2020 can be automatically deferred without having to set up a formal time to pay arrangement. It is not yet clear what happens to businesses that pay VAT by direct debit. Our advice would be, if you wish to defer your VAT payments, please cancel your direct debit to ensure that the monies are not automatically taken from your account.
In addition to VAT, HMRC have confirmed that personal tax payments due 31/7/2020 can be deferred. Again, no time to pay arrangement is necessary.
HMRC have not formally confirmed that PAYE or corporation tax liabilities can be deferred.
- Company filing deadlines
Companies House have agreed to extend filing deadlines for an additional two months on the proviso that in advance of the initial filing date an application has been made to them to do so. Please be assured that for any accounts that require filing (especially those due to be filed by the end of March 2020) that we have put an extension request in.
- We would urge all business clients to review the list of support measures announced to see if they are eligible for assistance.
- Some of the support measures may take time to come through (e.g. business loans / payment of staff wages). In the short term, it would appear that deferring tax liabilities will be the simplest / quickest way to obtain support. We would therefore urge all clients to consider this option as a matter of urgency.
- Many business owners often pay themselves via dividends. A quick reminder that dividends can only be paid out of available profits. For those businesses that perhaps do not have significant distributable reserves, it may be prudent to review the situation and consider switching your remuneration to salary in the short to medium term during this period where business profits may significantly be affected.
Over the past few weeks, we have invested a lot of resource in ensuring that our staff can continue to work and provide you with the service you need. Many of our staff will be working from home but will be able to continue to receive emails from you and communicate with you in respect of any queries you may haveClose