More than one million trustees, supporting almost 200,000 charities, help to make the UK the eighth most charitable nation in the world. With Trustees’ Week (12-16 November 2018) upon us, Sarah Case, director at advisory firm MHA Broomfield Alexander, offers her experience on what makes a good trustee and how individuals, as well as charities, can benefit from the experience. (more…)
New guidance has been issued for reporting serious incidents – our charity accounting specialists have created a summary of the key points whether you are a member of the public, employee or volunteer or trustee. Please click here to read more.
With as many as one in three payments to small businesses being late, Sarah Case, director at MHA Broomfield Alexander, looks at the impact this can have and the ways in which businesses can better manage cash flow and protect their bottom line. (more…)
With inheritance tax back in the spotlight, Sarah Curzon, director at MHA Broomfield Alexander, explores the figures behind it and why there are calls for a step-change in the way it’s levied. (more…)
From April 2019, the Government will introduce measures to reduce administrative burdens on charities. These include: (more…)
In month eleven of our publication 11 Key Steps for Trustees, 1 Giant Leap for your charity we are shining the spotlight on ‘Conflicts of Interest’.
Making sure that a charity meets its charitable aims is key – and one part of this is making sure that all trustees act only in the charity’s best interests – in fact they have a legal duty to do so! (more…)
These days VAT thresholds are the subject of much speculation, with the Government concerned that many business owners deliberately choose to stay below the VAT-registration threshold.
Limiting your ambition in this way might seem counter-intuitive – surely you want your business to get as big as possible? (more…)
The pre-BREXIT budget has come with the message that the era of austerity is finally coming to an end. With many of the key Budget spending promises already announced prior to today’s speech we were left with a raft of tax changes none of which were really expected. (more…)
Rolled-up holiday pay
Rolled-up pay is when an employer pays accrued holiday hours alongside basic hours. Should this be the case then the employer must breakdown these hours clearly on a payslip. The general rule is that holiday pay should be paid for the time when annual leave is taken, and HMRC suggest (as a general guide) that if employers are including an amount for holiday pay alongside the hourly rate, then current contracts may need to be re-negotiated. (more…)