Young accountant wins the longest drive

29 June 2015 •

Four of Warrener Stewart’s finest golfers, Nick Morgan, Jon Last, Gary Chapman and Charlie Dessain recently took part in Fulham Rotary Club’s Annual Team Golf Day.

This annual event designed to raise money for local Fulham charities was held at Coombe Wood Golf Club on Thursday 26th June. Whilst the Warrener Stewart fourball may have hit mid table obscurity, the youngest member of the team Charlie Dessain scooped the prize for the longest drive on the 13th. Charlie  (pictured with his prizes) managed a magnificent drive of 290 yards on the Par 4 hole.

“It was a fantastic day out” joint managing director Nick Morgan remarked (pictured in the buggy), “Our planning and analysis were as good as ever, but some slightly ‘bad luck’ with execution resulted in a less than favourable outcome!”

Fellow golfter, Gary Chapman helpfully added “Our retention of the ‘Pink Ball’ was unmatched by most on the day and Charlie's longest drive definitelty netted the best results!"

 

 

 

 

 

 

Warrener Stewart proudly sponsor local rugby club – Rosslyn Park FC

03 June 2015 • Sponsorship, Warrener Stewart News

Sealing their twenty five year relationship, Fulham based accountants, Warrener Stewart, are to sponsor one of London’s oldest and best known senior rugby clubs, Rosslyn Park for the forthcoming season 2015/16.

 This prestigious rugby club located along the Upper Richmond Road currently boasts over 3,000 members with players at all levels:– minis and youth, club and vets, girls and ladies, and not least the senior 1st XV which finished 2nd in the RFU National League 1 last season, just missing out on promotion to the Championship for a second year running.

Chartered accountants Warrener Stewart has a long and close association with the club, initiated by founding principal Peter Warrener who acted as Treasurer, Vice Chairman and finally Chairman. Nick Morgan, current joint managing director at Warrener Stewart, acted as Assistant Treasurer to Peter and went on to be Treasurer for a ten year stint, followed by a further five years as International Ticket Secretary. Nick Morgan and the tax team at Warrener Stewart, continue to provide professional advice and assistance to the club when required.

Nick comments; “It has been an honour to be involved with such a historic rugby club and help it negotiate the difficult path from the Corinthian era to the professional age, while continuing to thrive. A number of contemporary clubs were not so lucky, although luck has had little to do with it.” 

“Since we no longer volunteer at the club we decided we wanted to continue our support through sponsorship. Next season again promises to be very exciting,  with the 1st XV strong contenders for promotion and the addition of a new, state of the art, all-weather 4G pitch at the club’s Roehampton ground.”

Warrener Stewart celebrates the qualification of a second US tax expert

12 May 2015 • Warrener Stewart News

Tax experts Warrener Stewart now has two licensed IRS Enrolled Agents (EA) based at their Fulham offices following Ashleigh Molton’s qualification as an American Enrolled Agent in April.

Ashleigh, who holds a first class degree in Mathematics, joined Warrener Stewart back in July 2014 and immediately started studying to pass the American tax qualification, the Special Enrollment Examination. As a qualified EA Ashleigh can work with anyone who has is liable to pay American tax before the IRS. Being able to access a London based service is a real benefit to those needing help and advice on the complexities of the US Federal and State taxes from a non-resident perspective.

“I’m really pleased that Ashleigh has now qualified as an Enrolled Agent – we have seen a definite rise in the number of enquiries about US tax obligations,” notes Damian Talbot, head of taxation at Warrener Stewart.

“Under the current US tax system anyone with an American income source is liable for US Federal tax and possibly state taxes. Furthermore, US citizens who are currently living in the UK will probably still need to file a US return even where they expect to have no US tax liability. Through Ashleigh we can offer a cost effective service from our Fulham offices to the smaller clients who require straight forward US tax filing.”

An update on HMRC's Let Property Campaign

30 April 2015 • HMRC News, Tax Videos

Launched in autumn 2013, the Let Property Campaign provides buy-to-let and other private landlords an opportunity to make a full and voluntary disclosure on very favourable terms.

In 2014, around 40,000 landlords who failed to come forward voluntarily were sent a ‘promoted disclosure’ letter, however they would not receive the same favourable conditions as an ‘unprompted disclosure’.

Those who ignored the letter risk penalties of up to 100% of the unpaid liabilities, an investigation and in certain cases criminal prosecutions.

Process
Under the Let Property Campaign HMRC must be notified that you wish to make a disclosure. Once notified you have 3 months to bring your rental accounts up to date and complete the disclosure form. We have found this campaign very useful and to date all the offers we made to HMRC have been accepted.

Reason for making a disclosure
With increased data gathering actives, it is less likely a case of if, and more likely when, HMRC catches up with you.

Landlords with undeclared or under disclosed rental income who have not yet been contacted by HMRC and want to regularise their affairs should do so as soon as possible. Very favourable terms and affordable repayment plans can often be negotiated.

If you would like more information regarding this area please do not hesitate to contact us at Warrener Stewart call 020 7731 6163 and ask for the Tax Team.

Warrener Stewart makes two new signings to bolster accountancy team

27 April 2015 • Warrener Stewart News

Two part qualified accountants, Polish born Magda Rychter and English born Marcus Bullen, who completed his education in America, have chosen Fulham based accountants Warrener Stewart to complete their training as chartered accountants.

Warrener Stewart is one of a number of accountants who recognise the value of working whilst studying to become a Chartered Accountant, since it is an efficient way of learning about the complexities of accounting. Having initially started their training elsewhere both Magda and Marcus wanted to gain broader technical experience and work closely with clients. Consequently both were delighted to be offered the chance to develop their career with the Fulham based practice who specialise in helping small and medium sized business achieve their financial goals.

Upon completing a degree and Masters in Spatial Economics at the renowned University of Lodz in Poland, Magda decided to work within the private sector and choose to embark on a career in the UK. She initially worked within the finance departments for several high street brands, at the successful Tragus Group who operate Café Rouge and Bella Italia, before making the move to join fashion brand Phase Eight. Having worked within the confines of a finance department Magda realized she wanted the challenge of assessing the performance of the business as a whole so joined a small accountancy firm to study for her professional ACCA accountancy exams. To ensure a greater depth of knowledge and experience and work in a more client facing role, Magda was attracted to complete her training with Warrener Stewart.

The son of a merchant banker, Marcus has always been fascinated in how firms make money.  Having completed his education in America he made a conscious decision to develop his career back in the country of his birth. Following an initial two years learning about hedge funds, Marcus joined Ernst & Young in order to develop a career within accountancy working solely in Asset Management. He, like Magda, wanted to be more involved with clients, helping them to understand the business as a whole and helping them to reach their financial goals.

Commenting upon their appointments, director Jon Last who oversees Warrener Stewart’s trainee accountancy programme said; “We were delighted that Magda and Marcus choose to join our ever growing team of accountants and auditors based here in Fulham. They both have unique skills to offer clients; from her initial training in spatial economics Magda has a keen analytical mind. Whilst Marcus has a unique understanding of international business.”

David Bayman promoted to become an Associate at Warrener Stewart

17 April 2015 • Warrener Stewart News

In recognition of David Bayman’s long service at the south west London chartered accountants Warrener Stewart, the board recently agreed to promote him to be an Associate of the Firm.

David joined Warrener Stewart back in 2000; since then he has remained committed to delivering excellent client service to many small owner managed businesses.

“David has consistently supported both us the directors and fellow colleagues during the fifteen years he has worked here,” commented director, Nick Morgan. “We hugely appreciate his dedication and steadfast good, old fashioned hard work ethic – consequently we had no hesitation in making this appointment, which we all agree is fully deserved!”

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