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SORP 2015 bite size guidance: Recognising income from contracts

Joanne Taylor, Senior Charities & Not for Profit Manager, Broomfield & Alexander

Joanne Taylor, Senior Charities & Not for Profit Manager, Broomfield & Alexander

Welcome to our series on SORP 2015 where the specialist charities and not for profit team at Broomfield & Alexander will bring you bite size guidance on the changes that SORP 2015 will bring to your organisation.

Income from the sale of goods and services under contract is normally classified...

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The curtain goes up on the new Theatre Tax Relief

Denise Roberts, Tax Director, Broomfield & Alexander

Denise Roberts, Tax Director, Broomfield & Alexander

Whilst taxes are generally viewed as a necessary business expense, once in a while a new relief comes along which is the exception to the rule. The new Theatre Tax Relief is expected to cost, not generate, the Treasury money.

The relief does have some pitfalls to be aware of, but the...

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