From April 2027, all company accounts will have to be filed using commercial software, including dormant accounts.
Here are some relatively simple calculations you can do yourself to get a quick diagnostic check on your business…
Growing your charity might be a necessary process to keep up with demand for your services, but it carries its own risks…
HMRC has launched a quick digital tool, so businesses can estimate how registering for VAT might affect them.
Your cash position is related not just to what you currently have, but what others owe you and you owe others. Here’s how to improve it…
The Gift Aid on Small Donations Scheme could deliver income of potentially £2,000 or more to fund your charitable work.
Read what’s practically involved in the audit process, how to prepare well and what to expect from us as auditor…
This article covers the important considerations in setting-up and running a trading subsidiary to raise money for your charitable work.
A director can decide how much and by what means they extract the profit from their business by balancing salary and dividends.
In the current social, economic and political climate it’s more important than ever that charities act ethically.
How are you funding your charitable activities? Read our 5 essentials to ensure your grant application is concise, purposeful and successful.
The Charity Resilience Index, indicates how charities are navigating the current climate with regard to income, demand and operating costs.
These are relevant dates and potential penalties for self-assessment returns, alongside possible options if you can’t meet the deadlines.
Should a key member of your staff be suddenly unable to work, it might be best to consider how you can reduce the impact of their absence.
Preparing your own will, or using an unregulated writer may be the cheaper option, but these approaches can present a number of issues…
As a charity, keeping good accounting records is at the heart of both excellence in public accountability and effective decision making.
Here are the tax implications relevant to providing a gift/event to best please your employees, whilst also being financially sensible.
Many parents and carers will be feeling the squeeze in the cost-of-living crisis. Here are some things you may wish to consider…
This article covers some of the key misconceptions the public have about how charities manage their finances and help clarify the facts.
Whilst marriages and civil partnerships are about love and finding your life partner, it’s worth being aware of the tax implications involved. It’s not all roses. This article specifically outlines some of the affects on Inheritance Tax that are associated with these legal partnerships.
If you’re considering using a piece of cloud-based accounting software, such as Xero, QuickBooks, or Sage, then it’s important you understand what each option can offer you. What follows are some worthwhile considerations…
Have you increased the value of your goods, supplies or labour, to maintain your profit margins? If so, and you are not already registered for VAT, you will need to keep a close eye on your turnover. You might go over the VAT threshold without realising it.
In an attempt to slow price rises, the Bank of England has increased interest rates for the thirteenth consecutive time to 5%, the highest in almost 15 years.
Under charity law, a charity’s funds are either income funds or capital funds, and are either restricted or unrestricted. Knowing what nature of resources you have and what this means for how you can use them is essential for making the most of what they can achieve.
