Staff Focus - Julie Terry
Julie joined Charterhouse in 1985 and was given the opportunity to learn and develop her skills from an early stage. Her role is primarily focused on corporate compliance and governance, assisting clients with all manner of company secretarial work, such as incorporations, dissolutions, share transfers and allotments as well as event driven annual compliance filings and ad-hoc transactions. She assists the tax professionals with a variety of corporate restructures and reorganisations.
Julie has seen many changes over the years especially with the advent of the Companies Act 2006 and with the Economic Crime and Corporate Transparency Bill currently going through Parliament this will result in more important changes shortly coming into effect.
With a passion for travel, Julie has been lucky enough to have visited some truly amazing destinations, and although too many highlights to mention, the most memorable were being charged by an elephant whilst on safari in South Africa and standing at the edge of Lake Tekapo in New Zealand watching the Milky Way travel overhead.
Company Secretarial – what does that mean and what are the benefits to our clients?
Company secretarial is an important role to ensure that a business is run effectively and meets all the legislative requirements.
Whilst the role of a company secretary is not fundamental to the day to day operations of a business, the role ensures that when there are any changes or specific events, such as annual returns preparation, the relevant documentation is processed on time and meets the requirements of HMRC. There are many more issues that a company secretary will be involved in than you might think, these include;
- Company Incorporations (with bank account if required), setting up the legal entity of the business
- Annual Compliance – Confirmation Statement, filing documents with Companies House within the specified timescale
- Registered Office facility, you don’t need your company registered at your operational office and in many cases it can benefit to have it registered elsewhere
- Directors/PSC Service Address, making sure all the correct details are filed and up to date
- Removal of Charges
- Share Transfers/Allotments, where shares are changing hands for any reason, these transactions need to be recorded
- Appointment and Resignation of Directors, all changes need to be filed at Companies House
- Dissolution if you are winding your business up, there is a process that must be followed.
- Changes to Accounting Reference Dates if you decide to make changes to when you file accounts, these need to be recorded
- Change of Company Name, this must be registered with Companies House and HMRC
- Obtaining Certificates of Good Standing from all associated bodies and making sure these are up to date.
Whilst all of these functions on their own are relatively small, when pulled together, they can be time consuming, but are a legal requirement. With the skills and expertise our team can take on this role virtually and at a low cost, helping you to stay focused on running the operational side of the business in the knowledge that you are meeting all your legislative requirements.
Make your life easier and your business more efficient with the Charterhouse Business Support Unit (BSU)
Do you ever feel that the number of different roles you have to take on to ensure your business operates smoothly is too much for you?
From advertising and selling your goods or services and managing your team, to dealing with suppliers and ensuring your finances are up to date, it can feel like a never-ending task.
The modern, technology-driven world undoubtedly brings huge demands but also great opportunity to grow your business, increase accuracy, and bring in efficiencies that can save you valuable hours. Think about the minutes or hours you spend on any particular task in your business and it is almost certain that there is a way in which the time spent can be reduced without impacting negatively on the output.
Often, finance becomes the secondary skill set of someone in the office, but that doesn’t have to be the case.
The Charterhouse Business Support Unit was set up to support businesses at all stages, from start-up to expansion, who could benefit from extra resources and expertise to run the financial side of the business but don’t necessarily want to recruit anyone.
With a team of skilled accountants able to manage all your financial needs, we can specifically focus on:
- Business reporting needs
- Credit control and scoring
- Making tax digital
- Payroll
Our aim is to become your finance team and finance director rolled into one at a fraction of the cost of recruiting a team.
To find out more about how we can help your business grow please contact Rob Ward in the BSU team.
To make it easier to understand what the BSU can do for you and your business we have filmed Rob Ward and Cem Soydaner discussing how it works and how it can support you. To listen to the video click here and follow our LinkedIn profile and we will be posting soundbites from the video over the next few weeks.
Minimise your tax burden on your property portfolio
In a recent article, The Sunday Telegraph discussed the freeze on allowances in inheritance tax and the impact this is going to have on landlords with many potentially facing hundreds of thousands of pounds additional tax. The article quotes RSM’s Chris Etherington who says “there is little they can do about it…”
But it doesn’t have to be that bad.
In an article last year, our Joint Managing Director, Raj Jiwani explored the most effective ways to minimise the IHT burden from a property portfolio, including gifting them to adult children. To read more about this click here. Further to this we then published an article discussing how to maximise the return on your investment on a property portfolio. You can also hear our joint managing directors discussing this issue here.
The upshot of these articles is that it is still possible to make money from owning a buy-to-let property portfolio but now you have to be clever in how you set the business up to ensure that you are operating your buy-to-let portfolio to maximise the benefit to you whilst ensuring that the value of the portfolio increases sufficiently so you are still making a profit in the longer term.
To find out more visit our website or to discuss your property portfolio please contact us.
Charterhouse Accountants announce St Luke’s Hospice as Charity of the Year for 2023-2024
As a business, over the past five years, we have established a CSR (Corporate Social Responsibility) framework in the business that ensures that we focus on people, our staff, our clients and the community around us. Included in the community work we do is our support for local charities and over the past few years we have adopted a charity each year as our “Charity of the Year”. Over the past two years MIND in Harrow has been our chosen charity and this year the team voted to change charity and have chosen St Luke’s Hospice, Harrow, to support.
Several members of our team have long been supporters of the charity, meaning the decision was a relatively easy one. As a charity, their values closely match ours and the partnership will provide us with an opportunity to not just support them with financial help, but to provide volunteer support as well. This comes at a time when charities across the country are increasingly struggling to find volunteers to help them support the services they provide.
Hospices provide an invaluable service and St Luke’s describe their service as “helping people in Brent and Harrow to have the best possible quality of life despite living with serious illnesses, which are no longer curable.”
To find out more about our work with St Luke’s and other charities please visit our website or please contact us.
Wycombe Homeless Connection (WHC) Charity Golf Day 15th September 2023
Come and join us for a fun filled day of golf at Chartridge Park Golf Club in Chesham to raise funds for Wycombe Homeless Connection.
The cost to enter a team of four will be £360, which includes golf, bacon rolls and refreshments from 11am, prize giving and the evening meal.
If you are unable to raise a full team and would like to take part you can enter as an individual for just £90 and you will be grouped with other individual entries to form a team.
There will also be an opportunity to sponsor a hole @ £50, we will supply an A3 framed banner including your Company logo to place on a tee. Booking forms are available by clicking here and payment will be required in advance.
To find out more about the day please contact us.