Latest News
UK conference sets new record
I hope you not only enjoyed our conference at Oatlands Park but have been inspired to plan for the future of your business, writes Paul Winder.
Tax partner builds links in New York
Milsted Langdon partner Elaine Durrant has shared her tax expertise at a New York conference in what she described as a “fantastic opportunity” to build links with MGI colleagues from around the world.
New board members in place
MGI UK & Ireland’s board will be welcoming three new members when it holds its first meeting of 2012.
Looking back – and forward – to seminars
Our most recent seminars attracted a good attendance as members gathered to focus on audit issues and for our managing partners meeting.
Update on marketing
The 2012 marketing plan is being prepared for review in January, which will seek to target new members, raise the profile of MGI across the accountancy media and use new channels such as social media to attract interest from prospective members and to raise the profile of the UK & Ireland group internationally.
CBW celebrates ‘Oscar’ success
CBW has lifted the accountancy equivalent of an Oscar by being named 2011 UK MidTier Firm of the Year in the new British Accountancy Awards.
Case reinforces Watson Buckle’s tax inquiry reputation
Tax crackdowns are rarely out of the headlines these days, with HM Revenue & Customs launching campaigns and taskforces to target everyone from private tutors to online traders and scrap metal dealers to Swiss bank account holders.
Milsted Langdon scores double awards success
Milsted Langdon has closed 2011 on a high note by winning two prestigious awards.
Nondoms back in the spotlight
Measures announced in the draft Finance Bill 2012 have again highlighted the need for specialist expertise in dealing with the tax affairs of nondoms, says Midgley Snelling. The draft legislation, published on 6 December, included confirmation that as from 2012 13, the remittance basis charge will rise from £30,000 to £50,000 once an individual has been resident in the UK for at least 12 of the previous 14 years. The draft Bill also gave details of a new investment relief, which comes into effect on 6 April 2012, designed to allow nondoms to remit funds to the UK to make investments into UK businesses without triggering a tax charge.
Financial guru leads Seymour Taylor seminars
A leading commentator on financial and economic issues provided expert insight at a seminar day hosted by Seymour Taylor and its financial adviser partners Chiltern Consultancy.
HB&O offer helping hand to contractors
A major change to the employment rights of temporary workers has provided HB&O with the launch pad for a targeted marketing campaign. Ahead of the introduction of the Agency Workers Regulations (AWR) on 1 October 2011, HB&O built on its expertise in working with contractors and recruitment agencies to raise awareness of the impact of AWR through a series of eshots and other marketing material.
Firm really does go the extra mile
Professional advisers often say they go the extra mile for clients but in the case of CI Accountancy, the firm has been hitting the road to do exactly that.
Rowley’s teams up for SME programme
The Rowleys Partnership Ltd, Barclays Bank and Loughborough University have teamed up to run a series of development programmes for SMEs in the East Midlands.
Business advisors help to change lives
Rowley’s is helping to change young lives by working with the Prince’s Trust as specialist advisors.
Ho, ho, ho for Noel
The festive season provided an ideal opportunity for Rickard Keen to support local good causes as part of its ongoing commitment to corporate responsibility.
Ireland’s Budget 2012: the key points
With debate still continuing over Ireland’s 2012 Budget – the first of what is set to be a series of austerity budgets designed to get the country’s deficit under control by 2015, in line with the EU/IMF Programme of Support – Copsey Murray has provided a roundup of the key points.
MGI cautiously optimistic about Autumn Statement
The UK and Ireland arm of global accountancy alliance MGI has cautiously welcomed the benefits to small businesses announced in the Chancellor’s Autumn Statement.
MGI UK & Ireland Board of Directors and International Committee Representative
MGI UK & Ireland is managed by Paul Winder on a day to day basis with the support of a board of directors made up of 6 representatives from firms in our region who are able to offer guidance.
Vision 2021: the MGI UK & Ireland Partners and Managers Conference
There are now only ten weeks to go until we meet in December for our annual conference and we are expecting a strong presence from all member firms in our region.
Marketing update
Targeting for new members continues in 2011 with a focus on attracting member firms across all target regions. The targeting process is via direct mail, email marketing and follow up calls.
Seminar Round-up
We have had three seminars in the last quarter with the non partner and marketing events in July and the second tax forum in September. With a total of 46 delegates they were well attended.
Introducing Muras Baker Jones
MGI UK & Ireland’s newest member, Wolverhampton-based Muras Baker Jones, has a long track record in knowing what clients want and delivering it in the right way.
CBW hits heights in fundraising marathon
CBW team members have put social responsibility into action by raising £30,000 for charity with a gruelling trek up and down the UK’s three tallest mountains in 24 hours.
Noel keeps keen eye on the law
The 6 October advent of Alternative Business Structures (ABS) – the so-called “Tesco law” that will allow non-lawyers, such as supermarkets and banks, to invest in and own legal practices – is currently focusing significant attention on the legal world.
Seymour Taylor develops and increases their expertise with Lloyd’s
Seymour Taylor has recently won a large contract to process in the region of 1,100 Tax Returns for LLPs and Namecos investing in the Lloyd’s market.
Non-resident landlords in safe hands at Midgley Snelling
It goes without saying that dealing with tax issues where income arises in one jurisdiction but the individual owner or company is resident or located in another requires specific expertise.
Demystifying the CFC minefield?
With draft legislation set to be published this autumn regarding changes to the Controlled Foreign Company (CFC) rules ahead of full reform in 2012, Watson Buckle partner John Kinsella offers his thoughts on CFCs and the implications for businesses – and concludes that expert advice will be more important than ever.
HB&O thinks big with new service lines
HB&O has launched a big expansion programme for the services, targeting both its key client base of owner-managed businesses and other sectors, including academy schools.
Training takes the pain out of IT
There are very few businesses that don’t use Word, Excel or Outlook. Most users understand that they only know how to use a fraction of what these applications can do. Indeed they probably don’t have any need to know about the advanced functionality of these applications but there will almost certainly be things that, if they were taught how to do them, could increase their effectiveness and productivity very significantly.
Diary Dates For 2012
I have been asked to firm up on dates for regular gatherings next year. If any of these don't work for you let me know sooner rather than later as we can more easily rearrange dates at this time.
Accountancy Alliance MGI Issues Conference Invitation
An opportunity to gain an insight into the benefits of membership of the global accountancy alliance MGI is on offer as its UK and Ireland arm prepares to hold its 2011 annual conference.
Newest Member of Accountancy Alliance MGI Has Proud History
The UK and Ireland arm of global accountancy alliance MGI has welcomed a firm that has been in business for more than 130 years as its newest member.
Around the firms
A quick round up of news from MGI UK and Ireland firms.
Spotlight on transfer pricing
Transfer pricing can be a significant issue for multinational groups, as Milsted Langdon partner Elaine Durrant explains.
Medical specialism in best of health
Rowley’s has reinforced its growing medical sector specialism by welcoming an expert “all-rounder” to the team. Glyn Rawlings, an accountant who also has extensive experience as GP practice and business manager, has joined Rowley’s as its in-house medical sector specialist.
Copsey Murray plays part in global paper-free solution
Copsey Murray has played a key supporting role in a pioneering project to develop customs documentation software set to be used around the world. A client of the firm, Irish-based Tradefacilitate – a Microsoft global partner, has developed the cutting-edge technology to make the documentation paper-free.
Institute invites MGI member join advisory team
The managing director of MGI UK and Ireland’s newest member firm has taken on a new role as one of a team of advisors working with a high profile research organisation.
Spotlight on marketing
Targeting for new members continues in 2011 with a focus on attracting member firms across all target regions. The targeting process is via direct mail, email marketing and follow up calls.
The DIY disasters of corporate finance
The more experienced and knowledgeable you are, the more tempting it is to have a go at corporate finance deals yourself, but doing it yourself is not always a good idea.
CBW gets dirty truth from an international money launderer
“Hot Money, High Stakes and Cocaine Cowboys - combating money laundering and corruption” was the topic of the ICC Crime Services’ annual Economic Crime Lecture and the CBW Forensic team sponsored the event.
Seminars stimulate debate
Our seminar programme for 2011 has already attracted almost 50 delegates and triggered debate on a variety of issues, as Paul Winder reports.
Lively debate in Budapest: the European Area Meeting
This year’s European Area Meeting (EAM) was held in Budapest, Hungary, and was attended by 66 delegates and 19 accompanying persons. All the UK firms were represented.
Looking forward to 2021: the MGI UK and Ireland annual conference
As we reported in the last newswire, we will be looking ten years into the future at our 2011 annual conference.
Accountancy Alliance Conference Looks Ahead to 2021
Members of the UK and Ireland arm of the global accountancy alliance MGI will be looking ten years into the future at their 2011 annual conference.
MGI European Area Meeting
Initial plans have been made for the annual MGI UK and Ireland Partners’ and Managers’ Conference.
Initial plans made for UK Conference
Initial plans have been made for the annual MGI UK and Ireland Partners’ and Managers’ Conference.
Shift to Alliance
As I’m sure you will realise, we have changed from being an association to an alliance. It was felt that alliance better reflected the working relations MGI members have.
UK attracts bankruptcy tourists
European visitors to the UK aren’t just packing their buckets and spades, they’re bringing their credit card debts too – and then leaving them behind!
Why tax exiles find it harder to control their kids...
...and why it is vital that anyone with overseas property gets appropriate advice in relation to inheritances and inheritance tax.
A client recently moved to the Channel Islands. His company remains in the UK and his shareholding in it is very valuable. For many years he had (jokingly?) been in the habit of waving his Will at his kids and threatening to disinherit them if they weren’t nice to him.
Around the firms
A quick round up of news from MGI UK and Ireland firms.
Marketing Update
Targeting for new members continues in 2011 with a focus on attracting member firms across all target regions. The targeting process is via direct mail and follows up calls.
The latest from our blogs
MGI continues to provide an insight into the latest business news and trends using its blog channel on the popular accountancy website www.accountingweb.co.uk. We welcome contributions from all of our members, with the most recent article being a piece by Watson Buckle partner John Kinsella, about transfer pricing.
The services Milsted Langdon provide for listed companies
From their offices in Bristol, Taunton and Yeovil, the AIM team at Milsted Langdon provides a full range of services to companies listed on the London Stock Exchange (LSE), AIM (Alternative Investment Market) and the PLUS Stock Exchange (PLUS-SX).
Introducing CI Accounting
Since it was set up in 2004, Northumberland-based CI Accountancy, whose offices are in Warden, near Hexham, has expanded rapidly and won a number of awards, including Best Independent Accountancy Practice in the North East in 2008.
Planned seminars for 2011
In case you haven’t seen our seminar programme on our website, you have it here.
The latest from the forums
Since the last newswire we had the first IT Forum of the year, which took place on the 18th January.
Central European Circle Meeting
Last week I attended the Central European Circle Meeting for the first time. There were over 40 delegates with a very strong showing from Germany. The meeting ran from Friday evening to mid Saturday afternoon so took very little time out of the working week of most of the delegates attending.
Mediterranean members gather in Switzerland
We all came out to Montreux on the Lake Geneva Shoreline.
Those of you of a certain age will recognise the opening line to Deep Purple’s Smoke on the Water.
Last chance to
Why tax exiles find it harder to control their kids...
...and why it is vital that anyone with overseas property gets appropriate advice in relation to inheritances and inheritance tax.
Last chance to maximise tax savings for this year
The global recession and the resulting deficits have resulted in Governments the world over looking to increase taxes to deal with the shortfall. However, certain planning opportunities exist which could help you protect your hard-earned cash from George Osborne’s ever-longer reach.
UK attracts bankruptcy tourists
European visitors to the UK aren’t just packing their buckets and spades, they’re bringing their credit card debts too – and then leaving them behind!
CI Accountancy Joins International Accountancy Alliance
Northumberland-based CI Accountancy is now able to offer its clients access to financial experts from around the world after joining the global alliance of accountancy firms, MGI.
UK Conference report
With 101 delegates from 14 different countries, this was undoubtedly our biggest and best conference to date. We had 20 different speakers across the main conference and the tracks, and an after-dinner speaker for the first time.
Three tons of fun?
I’d like to assure all those who didn’t attend this year’s MGI AGM in Cape Town that the event consisted of a gruelling schedule of long lectures on the application of IFRS in different regions of the world and a technical exploration of the opportunities afforded by the introduction of iXBRL. I’d “like to assure” you of that but, were I to do so I would of course be lying my pants off.
Practice Review Programme
MGI has introduced the Practice Review Programme as a means of self-review, to ensure our members continue to meet the required standards.
Board membership
As was announced at the recent UK and Ireland conference, Bob Sadler of Rickard Keen has retired from the board after many years of giving it his close attention.
The latest from the forums
Since the last newswire, we have had the second tax forum of the year. At this, we had several outside presentations looking at in-depth research and development claims and investments in the film industry, amongst other things.
Planned seminars for 2011
Looking to the seminars for 2011, we have the IT forum already booked for 18 January, and undoubtedly we will have a couple of Tax and Managing Partners forums.
Overseas Aspects
The second issue of Overseas Aspects was put together by Roger Isaacs from Milsted Langdon and was made available to all firms. As with the first edition, this was very well-received and we produced around 8,000 copies for member firms, with all printing costs being borne by MGI UK and Ireland.
Watson Buckle land major insurance deal
Watson Buckle had been providing audit services to global marine insurance underwriting agent Osprey Special Risks Ltd for several years before the opportunity also arose to take on the audit of their holding company and fellow subsidiary Osprey Underwriting Agency Ltd, who are based in the City of London.
Introducing Copsey Murray
Copsey Murray, our sole representative from the Republic of Ireland, is a firm of Chartered Accountants and Registered Auditors, established over thirty years ago.
The latest from our blogs
MGI continues to provide an insight into the latest business news and trends using its blog channel on the popular accountancy website www.accountingweb.co.uk.
Marketing update
Targeting for new members has continued with a focus on attracting member firms from the North West, Wales, North East and Scotland regions. The targeting process is via direct mail and follow up calls.
Around the firms
A quick round-up of news from MGI UK and Ireland member firms.
UK and Ireland conference
Everything is in place for the MGI UK and Ireland partners and managers conference. Would all those firms who still haven’t given delegate numbers please do so as a matter of urgency, as rooms will not be held for much longer.
I have high hopes that this will be our best conference yet, with MGI from around the world strongly represented, with members from China, India and Russia presenting and attending the conference and other delegates from Germany, the Netherlands, Hungary and Mauritius already booked as well.
MGI worldwide AGM
Representatives of MGI UK and Ireland are looking forward to attending the MGI AGM in Cape Town, South Africa, from October 13 to 15. It is always a pleasure to meet up with MGI members from around the world and it will be good to appreciate a few days of summer in the Southern Hemisphere.
There will be an interesting programme of presentations as well as an opportunity to take the cable car to the top of Table Mountain. Phil Ewing from Harrison, Beale and Owen will be giving a presentation to the conference as a new member, having joined just after last year’s AGM.
MGI Nordic Circle Meeting
MGI Revisjon Asker hosted a very entertaining, informative and interesting Nordic Circle Meeting on 10-11 September 2010.
Tax forum
Most members of MGI UK and Ireland were present at the recent tax forum with more than a dozen delegates. We were also joined by representatives from MGI Verstegen in the Netherlands who presented on tax planning opportunities using companies based in the country.
Marketing forum
July’s marketing forum featured a presentation by Julian Feinstein of LDL on fee negotiation.
Non-partner meeting
Member firms had specifically requested that we had a seminar this year for seniors and managers, which specifically excluded all partners.
MGI UK and Ireland directors
Last year, we set up a new system so that we have six directors on the UK and Ireland board of MGI, serving terms of three years, with two retiring each year on a rotating basis.
Business update from Ireland
The Minister for Enterprise, Trade & Innovation, Batt O’Keeffe TD has signed the European Communities (Transitional Period Measures in respect of Third Country Auditors) (Fees) Regulations 2010 into law.
Introducing Rickard Keen
Rickard Keen is celebrating a milestone year during 2010, as it marks 30 years since the firm was created from the merger of two Southend accountancy firms, Rickard Porter and Hartley Keen.
The latest from our blogs
MGI continues to provide an insight into the latest business news and trends using its blog channel on the popular accountancy website www.accountingweb.co.uk.
Marketing update
Targeting for new members continues in this last quarter of the with a focus on attracting member firms from the North West, Wales, North East and Scotland regions. All target firms on the database have been invited to the annual conference and we are also focusing on inviting some potential North West members to attend for free.
Around the firms
A quick round-up of news from MGI UK and Ireland member firms.
Annual conference to focus on emerging economies
The MGI UK and Ireland conference will this year focus on both doing business in emerging economies, with a particular focus on the so called BRIC countries who are expected to dominate the global economy in the future – Brazil, Russia, India and China – as well as opportunities closer to home.
Financial Services Forum
The first Financial Services Forum for some time was well-attended by a mix of firms who have a full financial services offering, have a joint venture arrangement with a third party or have very little involvement in financial services.
Charities Forum
Whilst the Charities Forum was the smallest gathering so far this year, with seven delegates representing six firms, it was clear that the strength of MGI in this sector was grown considerably with Milsted Langdon and Harrison, Beale and Owen joining last year.
Managing Partners Meeting
The Managing Partners Meeting on 15 April was the second one that I have attended as Harrison Beale & Owen only joined MGI late last year. The first meeting was only just after we became members and therefore there was little I could contribute and in reality it was a learning experience for me.
MGI North America conference
MGI North America held its annual meeting from May 19 to 21 in Seattle. Items up for discussion included marketing, trends in accounting technology, the future shape of the accountancy profession and the future direction of MGI itself..
European Area Meeting
This year’s European Area Meeting (EAM) EAM was held in Dusseldorf and was the first such meeting to be hosted jointly by three firms, Greis & Brosent GMBH, RLT Ruhrmann Wuller & Partner, and Burbach Cramer Partners GMBH.
MGI IT Group Meeting
The IT group had its second meeting in April. It was held at CBW's office in Aldgate. It was attended by representatives of eight firms and there were several topics discussed throughout the day, although the underlying theme was to try and understand how to achieve a better return on investment in technology.
MGI Board of Directors meeting
The MGI Board of Directors (formerly the International Committee) met on 9 June. There was some discussion continuing from previous meetings about a couple of firms whose membership was questioned, although the action to be taken still seems a little uncertain, particularly based on the emails that have followed between members after the meeting.
Referrals Update
The Referral Summary for MGI UK and Ireland in 2009 highlighted an interesting shift in opportunity. Previously, member firms have looked to their international colleagues to provide them with referral opportunities when work comes to the UK and Ireland; however, it now seems that work flowing between member firms in the UK and Ireland is becoming as important.
UK and Ireland conference taking shape
Our plans for this year’s UK and Ireland conference are progressing well, with the overall theme of ‘How do your clients do business in emerging economies’, and presentations on the BRIC countries – Brazil, Russia, India and China.
Business update from Ireland
The agency responsible for coordinating the Irish Government’s response to the unprecedented crisis in the Irish banking and property sectors, the National Asset Management Agency (NAMA), is now up and running. The first tranche of qualifying loans were transferred to NAMA at an average discount of 50 per cent to 60 per cent of the original loan values.
The latest from our blogs
MGI continues to provide an insight into the latest business news and trends using its blog channel on the popular accountancy website www.accountingweb.co.uk.
Marketing update
Targeting for new members continues in 2010 with a focus on attracting member firms from the North West, Wales, North East and Scotland regions.
Introducing Harrison, Beale and Owen
As one of the leading firms of chartered accountants and financial planners in the West Midlands, Harrison Beale & Owen is helping to relieve financial headaches in the region. Setting new standards in the region’s financial services industry with their modern approach, the firm offers a comprehensive range of services and remedies to tackle all the key financial concerns faced by its client base.
Seymour Taylor announces enhanced tax services
Seymour Taylor has recently announced some exciting changes to the tax services it is able to offer to its clients.
Rowley’s sister IT company evolves
Rowley’s took the unique decision in 2002 to set up a sister IT company, as the firm recognised the need from its clients for reliable and cost-effective IT services and support.
Awards success for Rickard Keen
Essex-based accountancy firm Rickard Keen had cause to celebrate in May after winning the inaugural Accountancy Firm of the Year award from the South Essex branch of the Institute of Chartered Accountants in England and Wales (ICAEW).
Around the firms
A quick round-up of news from MGI UK and Ireland member firms.
Accountants reveal pre-budget wish list
Members of MGI UK and Ireland, part of the global association of accountancy firms MGI, have called for the government to do all it can to soften the impact of any tax rises for business in its ‘Emergency Budget’ on June 22.
MGI moves into top 30
MGI, the global association of accountancy firms of which MGI UK and Ireland is part, has enjoyed another successful year, with a 17 per cent increase in fee income across the association – enough to see it enter Accountancy Age magazine’s list of the top 30 international networks, associations and alliances at 27.
Obama's war on tax havens
Earlier this year, the US Government proposed a number of international tax reforms that are intended to close several perceived tax loopholes.
MGI Members Set to Join Global Conferences
Members of MGI UK and Ireland, part of the global association of accountancy firms, will be gaining an insight into financial issues around the world when they take part in a series of international conferences over the coming months.
The importance of preparing for the worst
Disasters that bring businesses to their knees are often in the headlines, although the business damage may not be apparent.
Members get together to talk tax
The tax forum on 23 March was the first seminar of the season, and proved a great success with 14 attendees covering all of the UK firms, and there was lively debate and participation from all concerned.
Mediterranean members gather in Italy
The first meeting of the Mediterranean Circle was a great success, despite the attendees learning about the tradition of strikes in Italy occurring on a Friday morning, in order to have a long weekend.
Initial plans made for UK conference
This year, we will be returning to Beaumont House, Old Windsor, which we last visited in 2007. We will be running three tracks for the majority of Friday, as piloted last year for the first time, with tracks on IT, marketing and people skills development.
MGI referrals summary
I had hoped to include a summary of referrals between member firms in this newsletter, but this has not been possible as I am yet to receive the details from some of our members. Could I please remind anyone who has not yet sent this information to me to do so as soon as possible.
MGI news goes global
MGI member firms can now demonstrate their international credentials to current and prospective clients, using the first edition of our MGI Global News newsletter, featuring the latest insight into business issues from member firms around the world.
Enhanced information on MGI website
As part of our effort to continually improve the quality of information available on our website, a new section outlining the specialist knowledge of our member firms has now gone live at www.mgi-uk.com
Marketing update
Targeting for new members continues in 2010 with a focus on attracting member firms from the North West, Wales, North East and Scotland regions.
MGI keeps on blogging
MGI continues to provide an insight into the latest business news and trends using its blog channel on the popular accountancy website www.accountingweb.co.uk.
Introducing Milsted Langdon
MGI UK and Ireland was delighted to welcome Milsted Langdon as a member last year. The South West-based firm has offices in Taunton, Yeovil and Bristol, housing 16 partners and around 170 staff.
Around the firms
A quick round-up of news from MGI UK and Ireland member firms.
Budget 2010 - The 'Budget for Recovery'
MGI, an international association of independent accountants and consulting firms, is advising clients to take note of this year’s Budget and the provisions it has made to aid the growth of businesses across the UK.
MGI announces new seminar programme
MGI UK and Ireland, part of the worldwide association of accountancy firms, has announced details of its seminar programme for 2010.
MGI members declare conference 'THE BEST YET'
MGI, the worldwide association of accountancy firms, is celebrating the success of its latest UK and Ireland conference with a record number of delegates getting together to share insights into how businesses can harness the latest technology.
Two new members come on board
We were delighted to welcome two new members to MGI during the last quarter of 2009. First to join, in early October, was Milsted Langdon, a firm based in the South-West of England, with 15 partners and 150 staff based at offices in Bristol, Taunton and Yeovil.
UK and Ireland conference is well received
Whilst I do not want to blow my own trumpet, this year's UK and Ireland conference seemed to contain something for everyone. The presentations by new and existing members all helped to bring our firms closer together and improved the chances of business following between firms.
A very special meeting
I attended the UK and Ireland meeting just a few weeks after my appointment as International Executive Director by MGI and, having led another international network for many years, I was impatient to find out how MGI was functioning.
Paris hosts global conference
A total of 18 representatives from British member firms Midgley Snelling, Milsted Langdon, Rowleys, Watson Buckle, Rickard Keen, Seymour Taylor and Carter Backer Winter, were among the 140 delegates at the event, which took place in Paris from 14 to 16 October.
Managing partners discuss latest issues
Our managing partners forum in November featured a number of open and lively debates, as always. There was much discussion about the current economic climate and what member firms were doing with regard to client fee levels, recruitment, salary levels and finding new client opportunities.
Legal profession in the spotlight
October saw our first gathering of partners and managers who act for clients in the legal profession. We had a presentation from the managing partner of a legal firm in East London, which was not a client of any MGI firm, on what they wanted from their accountants.
New video message to promote MGI
MGI has always believed in using the latest technology to spread its message, and to that end our website now features a video, where representatives of member firms discuss the advantages of being part of the organisation.
Marketing update
The UK website now attracts an average of 400 unique visitors per month and appears on page 1 of Google for searches such as Accountants UK.
MGI keeps on blogging
MGI’s blog channel on the popular accountancy website www.accountingweb.co.uk, has continued to be a useful forum for member firms to have their say on the latest issues affecting the financial sector.
Around the firms
A quick round-up of news from MGI UK and Ireland member firms.
Pre-budget report strikes delicate balance to help SME businesses
The UK and Ireland arm of global accountancy association MGI have welcomed the announcements in a clearly political pre-budget report aimed at helping the country’s fragile economic state.
Can you avoid the super tax?
The proposed introduction of the new 50% tax rate from April 2010 for those with an income of £150k+ has resulted in a plethora of mitigation options from "experts". These ideas have ranged from the sensible to the crazy. The unfortunate truth is that real opportunities are limited.
MGI welcomes Harrison Beale and Owen
Harrison Beale and Owen, one of the largest independent firms of chartered accountants and financial advisers in the West Midlands, has become MGI’s latest member.
Accountants to learn about changes at Companies House
Delegates at this month's MGI UK and Ireland Partners' and Managers' Conference will be able to learn more about the recent changes which have taken place surrounding the registration of new companies and the filing of annual financial statements.
Association members in Paris conference
The British members of international accountancy association MGI recently gathered in Paris to share ideas and expertise with colleagues from around the world at MGI's annual general meeting.
The benefits of salary exchange
As businesses battle through the economic downturn, ‘win-win’ situations are increasingly hard to find. But salary exchange could fall into such a category, allowing firms to increase the benefits they pay to staff, while at the same time reducing costs.
Accountants talk marketing and tax
MGI, the worldwide association of accountancy firms, recently held two events for its members, to hear about new developments affecting the industry and share their ideas with one another.
Association boost for firm one year on
At a time when many companies are looking for ways to drum up new business, a London accountancy firm has found its membership of an international association of like-minded companies a major help.
Accountants to learn about international standards
A leading expert in international accounting standards will be giving delegates an insight into the latest developments in the field when he speaks at next month’s MGI UK and Ireland Partners’ and Managers’ Conference.
Milsted Langdon joins international accountancy association
MGI, the worldwide association of accountancy firms, is delighted to announce details of its newest member, Milsted Langdon.
Milsted Langdon is based in the South West of England, with offices in Bristol, Taunton and Yeovil. It has 15 partners and 150 staff, providing a range of financial services and advice to owner managed businesses, high net worth individuals and listed companies.
Boosting productivity in a recession
Noel Kelleway recently gave a presentation to a group of Essex solicitors on ways to maintain or improve profitability during a recession. The audience consisted of a number of small and medium-sized solicitor firms including some clients.
MGI Marketing seminar
It was good to meet with the other attendees from MGI at the ‘rainmaker’ seminar on 4 and 5 September.
Members meet for tax forum
On 24 September representatives of the UK firms met to talk about tax. This was the fourth meeting of the tax focus group and the first one to be held outside of London. We met at the offices of Rowleys in Leicester and were made very welcome by our host Mark Hook.
UK and Ireland conference nears
Plans are taking shape for our 2009 MGI UK and Ireland Partners’ and Managers’ conference from 26 to 28 November, which will focus on new technology and how accountancy firms can take advantage of it.
International delegates head to Paris
Delegates from around the world will be gathering in Paris from 14 to 16 October, for the MGI annual general meeting. The meeting theme, ‘The Economic Crisis: Opportunity and Challenge’, will create a forum for in-depth discussions about the world as it is today and how MGI and its member firms can confront the challenges and maximise the opportunities created by current world developments.
New member targeting programme continues
We have continued our efforts to expand the MGI association’s reach over the past quarter, and I have recently held meetings with a potential member firm in the Midlands who may be joining us soon.
Seymour Taylor joins Hampden Group
Member firm Seymour Taylor is looking forward to offering its services to an even wider range of clients in future after becoming part of the Hampden Group of Companies.
MGI website update
The MGI UK website received 380 visits between 22 August and 21 September 2009, with the average visitor staying for just under two minutes and looking at an average of 3.45 pages per visit.
New video message to promote MGI
As MGI continues its efforts to embrace the latest technology in order to spread our message, we will be recording a short video on 3 November, where member firms will talk about the advantages of being part of an international association.
MGI keeps on blogging
MGI has continued to maintain a presence on the popular accountancy website www.accountingweb.co.uk, with its own blog channel, featuring contributions from MGI members on the issues of the day.
Buckinghamshire accountants join Hampden Group
High Wycombe-based chartered accountants Seymour Taylor is looking forward to offering its services to an even wider range of clients in future after becoming part of the Hampden Group of Companies.
Think you're invincible when it comes to fraud? Chances are, you're not!
Last week saw an employee fraud worth over £545k hit the media. Somewhat surprisingly, it was carried out by a former director of KPMG, one of the leading accountancy firms that advises major corporations on governance and financial control. If such a business can become the victim of employee fraud, can SMEs afford to be complacent?
Annual conference to discuss new technology
The latest technology and how accountancy firms can use it to improve their businesses will be the focus of this year’s MGI UK and Ireland partners’ and managers’ conference – and non-members are also welcome to come along and share the insights provided.
Firms must face up to auto-enrolment
The next few years is set to see some of the biggest changes ever made to pensions as the government plans to launch its new 'Personal Accounts', for all employees to be automatically enrolled into.
Association drums up new business for accountancy firms
At a time when many accountants are having to work harder than ever to drum up new business, members of an international association are finding that by working together, they can attract new business from far and wide.
MGI marketing push continues
A busy marketing campaign continues to raise the profile of MGI UK and Ireland to businesses and to attract interest from potential new members.
Conference focuses on the future
As announced in our last Newswire, the 2009 MGI UK and Ireland Partners’ and Managers’ conference will take place from 26 to 28 November. This year’s event will focus on the latest technology and how it can help accountancy firms, under the title ‘The Future’s Bright – The Future’s Already Here’.
The conference agenda has now been mostly finalised, and the keynote speaker has been booked, while sponsors are currently being sought for the event. It would be useful if firms could provide an outline number of likely delegates, to ensure we have enough rooms reserved.
Luxembourg European Annual Meeting sees a return to the EU debate
Some 75 MGI members from Europe and beyond congregated for the European Annual Meeting and for me as a first timer at the EAM it was a good opportunity to make new friends and make contacts in the wider MGI family.
International Committee Meeting
Whilst I am not a member of the International Committee, I do attend the meetings as an observer, to get a closer understanding of what is going on in MGI. The International Committee meeting in Luxembourg, before the European area meeting, was rather slow going. The morning was taken up by a ‘One page business planning’ session, ran by Grant Reid from Australia. This was trying to help identify the strategic priorities for MGI going forward, and we will have to wait and see what activity this leads to for the International and Managing committees.
Firms get together to talk tax
On 22 May various representatives of the UK and Ireland firms met at the London offices of the latest firm to join the MGI family, namely Carter Backer Winter (CBW). This was the third meeting of this tax-focused group and the emphasis is not only on discussing topical matters relating to taxation, but also to foster the exchange of ideas and to encourage ongoing contact outside of these meetings.
First Meeting of Charities group
In early June, the newly-formed MGI-wide Third Sector Team (being those members operating in the not for profit/charities sector) held its inaugural meeting at the offices of Carter Backer Winter in London. Five firms were represented from within MGI , and as the day unfolded it became apparent that, if combined, the size of client portfolios in this sector across the five firms would be sufficient to place the group comfortably within the fifteen largest firms dealing with charities and other not-for-profit organisations in the UK.
Managing Partners Forum
All UK firms were represented by their managing partners and the day started with a review of each firm by the respective partner. This surprisingly took us through to lunchtime, with many firms having a lot to say – there is obviously a lot going on in some of our member practices as the moment.
MGI keeps on blogging
MGI has continued using the popular accountancy website www.accountingweb.co.uk to raise the profile of the organisation and its member firms, as well as highlighting issues of interest to other finance professionals.
Accountants prepare for International Summits
UK and Ireland members of global accountancy association MGI are preparing to meet their counterparts from across Europe and around the world at key conferences.
MGI UK member, MGI Midgley Snelling announces new audit manager
MGI founders and UK member of MGI, MGI Midgley Snelling, has appointed a new Audit Manager to lead their Audit and Assurance Team.
Accountants meet in Mexico for MGI world conference
Members of global accountancy association MGI shared their experience of the impact of the worldwide financial downturn on client businesses as they gathered for their 2008 world conference.
UK conference is Just the Job
MGI members from the UK and Ireland gathered for our 2008 annual conference. The event, which focused on recruitment and retention of staff, highlighted member firms’ difficulties in recruiting appropriate personnel.
MGI delegates head for Mexico City
More than 100 MGI delegates and companions gathered in Mexico City for the 2008 AGM. Hot topics at the meeting, which took place from 22-24 October, included the EU Audit Directive and the global financial crisis.
Seminar focuses on timely issues
With few glimmers of hope on the gloomy economic horizon, our latest Managing Partners Seminar touched on some topical issues.
Role play makes delegates’ day
Working life is full of challenges, ranging from achieving co-operation within a team to giving – and receiving – negative feedback.
Judith Gilmour, the motivational keynote speaker from 2007 MGI UK & Ireland’s 2007 AGM, provided expert advice at a recent MGI seminar titled Impact and Influence. Jonathan Farrow reports on an interesting day in which role play played a significant part.
Introducing CBW
CBW has become the latest member of MGI UK and Ireland. The London-based firm of chartered accountants and business advisors sums up its approach to the way it does business as: the expertise of a major firm, the personal services of a small firm.
Rowley's offer new IT solution
MGI member Rowley’s has launched a new IT business to complement its other services. Rowley's IT Services offers services including website design and e-commerce solutions.
New MGI brochure brings positive responseI
The launch of MGI UK & Ireland’s new brochure has met with a positive response. The innovative brochure, which was launched in October, examines the experience of member firms, told in their own words
Pre-Budget Report Lets Down Small Businesses, say MGI
The UK and Ireland arm of global accountancy association MGI says Chancellor Alistair Darling's Pre-Budget Report has failed to deliver real benefits to small and medium-sized enterprises (SMEs).
Pre Budget 2008 Report
Chancellor of the Exchequer Alistair Darling has delivered a much-anticipated Pre-Budget Report against a backdrop of economic slowdown and turbulence in the global economy, which has steadily deteriorated since the 2008 Budget on 14 March.
MGI Firms Strengthens Team with Partner Appointments
The founding firm of international accountancy association MGI has announced the appointment of two new partners. MGI Midgley Snelling is pleased to announce that the firm welcomed Peter Bond and James Beecher to the partnership from 1 October 2008.
Leading Finance Expert Leads MGI Firm’s Seminar
A member firm of global accountancy association MGI has welcomed leading market commentator Justin Urquhart Stewart as the host of a seminar exploring the current unsettled economic climate and how investors can best weather the storms.
MGI Firm Celebrates Client Sixtieth Anniversary
Leicestershire based MGI member firm The Rowleys Partnership Ltd (Rowley’s) has recently staged a surprise presentation for one of their long standing clients. Rowley’s and client Miss Irene Craig, celebrated 60 years of working together this week.
CBW Joins International Accountancy Association MGI
MGI, the worldwide association of accountancy firms, is delighted to announce details of its newest member, CBW (Carter Backer Winter).
MGI Issues Annual Conference Invite
Global accountancy association MGI is inviting accountancy firms interested in finding out more about the organisation to the annual conference of its UK and Ireland arm in November.
MGI Seeks Legal Advice on European Directive
Global accountancy organisation MGI is to seek the advice of legal counsel on a European Union directive designed to increase the transparency of company annual reports and other financial statements.
MGI Midgley Snelling Appoints Two New Partners
MGI Midgley Snelling is pleased to announce that on the 1st October 2008 they welcome Peter Bond and James Beecher to the partnership.
UK Accountants Plan for Future at Madrid Conference
UK and Ireland members of global accountancy association MGI have been helping to shape the way forward for the organisation at an international conference in Spain.
Accountancy Experts Advise On Credit Crunch Survival
UK businesses that target international markets could find themselves emerging from the credit crunch in even better shape, says global accountancy organisation MGI.
MGI Firm Implements IT Solutions
Leicestershire based MGI member firm The Rowleys Partnership Ltd (Rowley’s) has established Rowleys IT Services alongside their other business offerings. Leicestershire businesses can take advantage of quality website design, search engine optimisation and ecommerce solutions, alongside all of the traditional accountancy services available.
Introduction By Paul Winder
The last quarter has been a busy one for MGI UK & Ireland, even though most of what has gone on is behind the scenes.
I attended the Madrid EAM, which was very successful, not only in the formal conference but in respect of networking between member firms.
Madrid EAM kicks off challenging debates
While footballing nations from across Europe gathered in Austria and Switzerland for the 2008 European Championships, MGI members held their own “Euro 2008” in Madrid.
The annual European Area Meeting raised some interesting issues about the way forward for MGI, the different pace of development in different regions and the impact of the EU 8th Directive. Alan Thornton of MGI Watson Buckle reports.
Down Mexico way…
MGI colleagues from around the globe will be gathering in Mexico in October for our annual general meeting.
MGI UK and Ireland appoints new director
MGI UK and Ireland has appointed Robert Radford, managing director of Rowley’s, as its new director.
Spotlight on…MGI Watson Buckle
For more than 100 years, MGI Watson Buckle has been advising businesses in and around its Bradford base.
Now, as businesses face up to the challenges of the current economic climate, the firm continues to deliver an approach that includes close contact and proactive advice to help clients through some tough times.
Read all about it in new brochure
UK member firms will be helping to spread the word on the benefits of membership in a new promotional brochure.
Countdown begins to annual conference
Time is ticking away to the MGI UK and Ireland 2008 annual conference, which takes place from 20-22 November. The conference, titled Just the Job will focus on staff recruitment and retention and career development.
Medical specialists welcome MGI Rickard Keen
MGI Rickard Keen have been given a medical seal of approval after being approved for membership of the prestigious association AISMA.
The association is a network of selected accountancy firms specialising in working for doctors and medical practitioners.
Rowley’s appoint new equity partners
Rowley’s has appointed two new equity partners in a move that underlines the firm’s commitment to continuity.
Opening up new audit avenues
MGI Watson Buckle have tapped into what could be a useful new source of business by working with smaller practices to offer an audit service.
MGI Firm Implements Innovative Work Placement Scheme
Leicestershire based MGI member firm The Rowleys Partnership Ltd (Rowley’s) is investing in its own future by using innovative strategies when it comes to recruitment. Rowley’s runs a work placement scheme in partnership with local Beauchamp College’s Business, Economics and Accounts department.
MGI Appoints New UK Director
Global accountancy association MGI has recently appointed Robert Radford as UK director. Robert is managing director of Leicestershire based MGI member firm The Rowleys Partnership Ltd (Rowley’s).
Setting up Overseas
Buckinghamshire based MGI member firm Seymour Taylor is advising business owners to seriously consider setting up an overseas operation. Similarly, the firm are experts in advising owners of overseas companies looking to set up a UK subsidiary.
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