2 Aug 2022
Trustees fulfil a vital role in the charitable sector. They ensure that their charity has a clear strategy and how it works meets its goals and overall vision. Trustees act as ‘guardians of purpose’ and make sure that the decisions charity leaders make are made in the interest of their beneficiaries. What is required to
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2 Aug 2022
When disputes arise between shareholders they can be highly damaging to the business. When these shareholder disputes are ongoing, they can create ongoing management problems and reputational issues. Entrenched positions can make it difficult for common ground to be found with any possibility of mutual agreement soon being lost. In many cases, independent, professional advice
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2 Aug 2022
Solar energy is an increasingly popular way to harvest sunlight to power homes and businesses. A means to generate additional revenue streams, it is an attractive prospect for companies and independent investors. Never-ending resource The sun has been in action for billions of years and produces enough energy for every single human. The only limitation
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8 Jul 2022
Why is forensic accounting in fraud so important? When do you need a forensic accountant in a fraud investigation? Huge amounts of money are fraudulently obtained and trafficked in the UK every day. Fraud is a massive problem for businesses and organisations of all kinds and for that reason, highly-skilled accountants are often consulted to
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6 Jul 2022
The Climate Change agenda has gathered pace over the past few years with nations setting targets to reach net-zero carbon emissions. In the UK, that target date has been set for 2050, with ambitious goals for reductions over the coming decades. This has consequences for government, public sector bodies and businesses. While there has been
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6 Jul 2022
From 2024/25, unincorporated businesses; sole traders, the self-employed and trading partnerships, will be taxed on profits generated in the 12 months to 5 April each year. This is a significant taxation change, removing the basis period rules and preventing the creation of further overlap relief in a new system known as the ‘tax year basis’.
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6 Jul 2022
A new survey shows taxpayers have an alarming lack of readiness and enthusiasm for the Making Tax Digital (MTD) changeover. Most taxpayers lack awareness that MTD for Income Tax begins in less than two years. HM Revenue & Customs (HMRC) commissioned pollsters Ipsos to undertake new research to explore the preparedness of Income Tax Self-Assessment
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6 Jul 2022
With the current labour shortage affecting pretty much all areas of the economy, taking on an apprentice could reap rewards for many businesses. There are many reasons why hiring an apprentice can benefit your business. However, for hard-pressed employers with limited budgets, the financial incentives offered by the Government are an encouraging reason to take
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6 Jul 2022
There is little doubt that the working from home phenomenon is well and truly established. With a laptop, a phone and an internet connection, you can perform many tasks as adequately at home or elsewhere, as in an office. While returning to the office is a must for many, recent rail strikes and fuel price
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6 Jul 2022
As property prices soar, more and more people are being drawn into paying Inheritance Tax (IHT). Why? Chancellor Rishi Sunak froze the nil rate thresholds for paying the tax at £325,000 until 2026, while the value of homes has rocketed, potentially drawing people into paying the tax. There are some exceptions, but generally, people are
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6 Jul 2022
A company has lost an £11 million dispute with the taxman over whether contract construction workers were entitled to claim travel costs tax-free. As many as 600,000 temporary workers in the UK are thought to be employed by umbrella companies, used by recruitment agencies and companies to cut temporary payroll costs. Exchequer Solutions Limited (ESL) is
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6 Jul 2022
Thousands of Britons facing a cost-of-living crunch have been withdrawing funds from their Lifetime ISA (LISA) accounts and getting hit with significant penalty charges. According to HM Revenue & Customs (HMRC), a record 77,500 LISA savers were issued over £33 million worth of early withdrawal charges in 2021/22. Early withdrawal from LISAs attracts a 25
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