Key reason for career moves is now pay, says CIPD

The prospect of better pay has overtaken job satisfaction as the main reason for moving to another job, a survey suggests.

Just over half of the 2,000 people surveyed by the Chartered Institute of Personnel and Development (CIPD) said a rise in wages and benefits was the key reason for changing employer.

In the same poll a year ago, job satisfaction was the main reason.

Full story from the BBC at http://www.bbc.co.uk/news/business-14307405

Pay freeze for 75% of workers reports CIPD

Only a quarter of workers in the UK have had a pay rise so far this year, the Chartered Institute for Personnel and Development (CIPD) has said.

Full story from the BBC at http://www.bbc.co.uk/news/business-14386032

Payne Hicks trio set up Private Client boutique

Three Payne Hicks Beach private client partners will leave the firm next month to set up a boutique private client practice. Louise Stoten, a partner at Payne Hicks for the past 10 years, will set up New Quadrant Partners along with partners Marcus Parker and Jane Bennett, who both joined the firm last year. They will be joined by Payne Hicks associate Zoë Camp and tax and trust principal Simon Rees. Joan Major, director of wealth management at London-based multi-family office Sand Aire, will also be joining New Quadrant Partners.

First reported on TheLawyer.com

Smith & Williamson win Best HNW team at 2010 Taxation Awards

Top 10 accountancy firm Smith & Williamson have won the Best High Net Worth Tax Team award at the 2010 Taxation Awards dinner.

Full details at: http://www.smith.williamson.co.uk/news/3322-smith-williamson-wins-again-at-taxation-awards

Thousands of wealthy UK citizens living abroad as tax exiles may now find they have to pay UK taxes after all.

A key feature of the Revenue's old guidance on whether someone was resident in the UK for tax purposes - known as IR20 - was whether they spent, on average, fewer than 91 days here each year.

"If you read the old guidance at face value, as most of us did, and you spent less than 91 days here, you would have been treated as a tax exile," said Mike Warburton of accountants Grant Thornton, who was an expert witness in the case.

However, the three Appeal Court judges ruled that it had always been the case that any would-be tax exile, first had to show they had really left the country.

Any continuing connections would mean that he had not actually cut his ties with the UK and would thus not be able to avoid UK taxes.

The 91-day rule, they said, did not in fact establish non-residency, and was "important only to establish whether non-resident status, once acquired, has been lost".

Source: http://news.bbc.co.uk/1/hi/business/8519803.stm

Cripps’ Partners recognised as leading Private Client lawyers

Leadng regional law firm, Cripps Harries Hall LLP are proud to announce that two of their private client partners have been recognised as Leading Lawyers in this year’s Citywealth Leaders List.

Amanda Andrews, a partner in the Family Team and Simon Leney, a Partner in the Tax, Trusts and Probate Team have both been named as Prominent Figures within their respective areas of practice.

The Citywealth Leaders List is compiled through the recommendation of peers and clients. All individuals are put forward confidentially by private clients or by their peers in law firms, accountants and financial institutions and the rankings are the result of detailed research. Those listed are acknowledged to possess a sterling reputation for expertise in their field, first class client care and sophisticated services for wealthy families and individuals.

Myles McIntosh, Head of the Private Client Group at Cripps said “We are delighted that Amanda and Simon have been recognised as leaders in their fields reflecting the high standard of expertise and client care provided by Cripps Harries Hall. This reinforces the recent excellent rankings we have achieved in other independent publications highlighting the quality of our Private Client service”.

Source: Cripps Harries Hall LLP