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.
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.
Charities exist for people’s wellbeing. The resources they have are devoted to the pursuit of their purposes to achieve that. A crucial part of those resources are the people. Find out in this article how good stewardship of a charity’s people is a prime responsibility for trustees…
Offering benefits to your employees has a number of advantages. If you’re deciding whether you could be providing them, consider these potential positives…
When establishing a business, one crucial decision is determining the appropriate legal structure. For entrepreneurs and investors looking to expand their operations, the choice between incorporating or not can significantly impact their prospects and overall success.
Inheritance Tax (IHT) is a tax on the value of an individual’s estate at the time of their death. There are several good practices that individuals can adopt to help minimise the impact of IHT on their estate and their heirs…
Charity trustees are the people who lead a charity. They play a vital and rewarding role that contributes to the wellbeing of those involved and affected by their organisation. Trustees have legal control over and ultimate responsibility for the charity, so the law places important duties on them…
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.
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.
