News

Charities & Civil Society Organisations

Read our summary of the NCVO’s UK Civil Society Almanac 2023, sharing the latest data on the voluntary sector’s size, finances and people.

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Sole Traders & Partnerships

Sole traders & partnerships: If your year-end is not 31 March or 5 April, HMRC is changing how it will assess your profits.

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Charities & Civil Society Organisations

Most charities need public support; therefore, how people interact and think of charities is intrinsically linked to what they can do.

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Individuals, Trusts & Estates

As a result of ‘administrative discrepancies’ by the Department of Work and Pensions (DWP), mothers may have been underpaid around £1bn in state pension. This has occurred due to information missing from the national insurance (NI) records.

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Charities & Civil Society OrganisationsIndividuals, Trusts & EstatesLimited CompaniesSole Traders & Partnerships

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.

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Charities & Civil Society Organisations

Having effective internal financial controls is vitally important for charities of all shapes and sizes. Putting meaningful checks and procedures in place will help ensure trustees protect their charity’s assets and finances, as well as enhancing the quality of their decision making, as they seek to put those assets to work for the public benefit.

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Individuals, Trusts & EstatesSole Traders & Partnerships

The new tax year has begun; this means we can now submit your tax return for the year ending 5 April 2023. The final deadline may seem a way off, but submitting as early as possible is always preferable, so you are aware of any tax liabilities in good time. Here’s a checklist of things you may wish to consider.

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Charities & Civil Society Organisations

Accurately completing the Charity Commission Annual Return should be a top priority for all charity boards. The data declared on it is used by the Commission to regulate the sector and is often the first information a member of the public will see about your charity, when searching on the charity register.

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Individuals, Trusts & EstatesLimited CompaniesSole Traders & Partnerships

After April 5 2025, you’ll only be able to fill National Insurance gaps going back 6 tax years, so if you have many years missing on your record, you should start considering what you can do about this.

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Limited CompaniesSole Traders & Partnerships

There are always competing factors to consider when thinking about your March year-end as a company. How prepared do you feel?

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Individuals, Trusts & EstatesLimited CompaniesSole Traders & Partnerships

For a round-up of what the Spring Budget contained and how this might affect you, please read our summary of some of the major changes.

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Limited CompaniesSole Traders & Partnerships

In an attempt to boost the post-pandemic economy, the super deduction tax rate and special rate allowance were introduced to encourage businesses to invest and boost productivity. However, these reliefs are coming to an end…

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Limited CompaniesSole Traders & Partnerships

In March 2021, when Rishi Sunak was Chancellor, the Corporation Tax rise was first announced. After some confusion that arose from the mini-budget, Jeremy Hunt has since confirmed that this rise will still take place in April 2023.

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Individuals, Trusts & EstatesLimited CompaniesSole Traders & Partnerships

What’s in it and how might it affect you? On the 17th of November 2022, Jeremy Hunt revealed the details of his Autumn Statement.

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Individuals, Trusts & Estates

Employers use an employee’s National Insurance category letter when they run payroll to work out how much they both need to contribute. Most employees

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Sole Traders & Partnerships

Having listened to stakeholder feedback from businesses and the accounting profession, the government have announced that they will introduce Making Tax Digital (MTD) for

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Charities & Civil Society OrganisationsLimited CompaniesSole Traders & Partnerships

Would you like someone to take care of your company’s day-to-day financial challenges? Running a business can be complex enough without the additional concern

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Charities & Civil Society OrganisationsIndividuals, Trusts & EstatesLimited CompaniesSole Traders & Partnerships

Have you ever been pushed into buying something that you really didn’t want? Most of us have. Maybe it was a salesperson over the

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Individuals, Trusts & EstatesLimited CompaniesSole Traders & Partnerships

New health and social care Levy to be introduced across the UK to provide extra cash to reform the Health and Social care systems

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Limited CompaniesSole Traders & Partnerships

As business advisors, we often ask prospects and clients who their target market is. One answer that comes up from time to time up

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Limited CompaniesSole Traders & Partnerships

There is a well-known saying that’s proven to be true time and time again: “You need to spend money to make money.”  But it

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Limited CompaniesSole Traders & Partnerships

We looked at how you might calculate your selling prices in our article under the Improving Profit Margins pillar. In this article, we’re looking

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Limited CompaniesSole Traders & Partnerships

Do you want total confidence in your finances to help push your company forward? Why have a financial controller? Burton Sweet provide a financial

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Charities & Civil Society OrganisationsLimited CompaniesSole Traders & Partnerships

You may recall that a new Plastic Packaging Tax was announced in the 2020 Budget. The legislation is now before Parliament so we have

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