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…
Sole traders & partnerships: If your year-end is not 31 March or 5 April, HMRC is changing how it will assess your profits.
This article covers some of the key misconceptions the public have about how charities manage their finances and help clarify the facts.
Does your charity make grants to overseas bodies? Be aware of growing scrutiny from HMRC on the funding of work overseas by charities.
Most charities need public support; therefore, how people interact and think of charities is intrinsically linked to what they can do.
Full expensing is a 100% relief for new, eligible plant and machinery, essentially reducing its in-year cost by 25%. Businesses that invest in IT equipment and machinery will be able to claim back the cost by writing it off against tax on their profits and will be available for expenditure incurred up to 31 March 2026. This is in addition to the £1 million annual investment allowance (AIA).
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.
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.
With a long history of philanthropy and a deep-rooted commitment to transparency and accountability, the UK has developed a comprehensive framework that ensures the effective governance and financial management of charities operating within its borders. Finances are important, but are only part of the story of what makes a charity successful.
Does your charity have good Gift Aid processes in place? Are you making most effective use of the Gift Aid scheme?
We’ve noticed an increase in investigations by the Charity Commission linked to the non-submission of annual returns, reports and accounts, particularly where there has been non-compliance over a sustained period of time. So, what can you do to make sure your charitable organisation is not at risk of this?
