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Effective stewardship of charity assets – are you getting the right advice?

Most charities remain under constant pressure to grow and protect income alongside the value of capital assets. Ensuring that the real value of income and capital are protected enables your charity to do more and helps to safeguard your future. With other sources of funding under increased threat, income from investment portfolios is playing a… Read More

Growth Academy – June 2019

Round 2: Taking control of growth: how to address the challenges of sustainable growth in 2019 June 2019 Taking control of growth – how to address the challenges of sustainable growth in 2019 was under the spotlight at the latest Growth Academy workshop. Using the idea of ‘learning in the flow of work’ we linked… Read More

Charity Commission – Matters of Material Significance

The Charity Commission’s key focus over the last year has been to improve public trust in Charities through transparency in both the accounts they file and the story they present. The Commission remain concerned that charities advisers are not reporting “reportable matters” when they arise. Charity Trustees have a duty to appoint an independent examiner… Read More

Making Tax Digital (MTD)

The Governments’ ambitious programme, Making Tax Digital (MTD), is an initiative to implement fundamental changes to the way the tax system works by becoming one of the most digitally advanced tax administrations in the world. The original plans were to introduce a digital tax system that would require most businesses, self-employed people and landlords to… Read More

Charity Structures

A Charity’s structure can often be something that is not revisited by Trustees. The structure that was most suitable when the charitable activities were first set up, may not be the most appropriate format now, as the charity may have evolved and grown in a manner or at a pace that was not originally envisaged…. Read More

The tax impact of BREXIT Part 2 – VAT

Part 2 of my BREXIT tax review focusses on Vat, which will be the main tax area impacted by the UK’s impending exit from the EU. The main BREXIT tax focus is on VAT of course, because this is a tax that crosses borders and the UK has been part of a so-called unified VAT… Read More

The tax impact of BREXIT Part 1

In this brief and very welcome Brexit news hiatus, I thought it was worth a quick check back on trying to understand the tax effects of Brexit. In this first post I will quickly mention corporation tax, income tax and payroll taxes, leaving the main event, VAT, for Part 2. Corporation tax Brexit has placed… Read More

Gift Aid – Have you made your claim?

Charities and Community Amateur Sports Clubs (CASC’s) are potentially able to recover 25p for each £1 of donation they receive. To be eligible to register with HMRC to claim gift aid you must be either a UK CASC, or a charity based in the UK (or the EU, Iceland, Liechtenstein or Norway – pre Brexit),… Read More

IR35 and off payroll workers from April 2020

Changes are being introduced from April 2020 to off payroll workers in the private sector, relating to engagements with large and medium sized companies where a contractor provides services through a personal service company. The decision whether to apply the rules falls with the engager as it does already for contracts with the public sector…. Read More

When to sign up to Making Tax Digital?

You will no doubt be aware by now that Making Tax Digital (MTD) went live for VAT return periods beginning on or after 1 April 2019.  This is a mandatory requirement for the vast majority of VAT registered businesses with a taxable turnover over £85,000. What you may not know is that you will need… Read More

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