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Payroll Processing – Common Errors

Posted on: January 15th, 2019 by Clive Headon No Comments

With many legislative changes coming into force from April 2019, we thought we would point out some common errors employers can make when processing their payroll. (more…)

Conflict with Your Trading Subsidiary

Posted on: January 11th, 2019 by Sarah Case No Comments

Welcome to 2019 and our new publication, Using Conflict as a Catalyst for Change – A Guide for Embracing, Managing and Mitigating Conflict Within Your Charity.

It is essential to understand that conflicts affect all charities, large or small, simple or complex. Trustees have a legal duty to act in their charity’s best interests, they are expected to understand what conflict is, how it affects their organisation and to deal with any issue appropriately. Therefore, it is fundamental that charities follow the guidance issued by the Charity Commission. (more…)

New year business resolutions

Posted on: January 10th, 2019 by Judith Mallen No Comments

The beginning of a new year is the perfect time to reflect on what your business has achieved over the last year, while also setting some goals for the year ahead. That could be cutting out bad business habits or opening yourself up to new opportunities. (more…)

Outsourcing payroll

Posted on: January 9th, 2019 by Clive Headon No Comments

Does it make sense for your business?

Around 1.4 million businesses in the UK employed members of staff in 2018, and all of them shared one thing in common: the legal requirement to run payroll.

This task consumes a large amount of time each month, with multiple processes to complete in order to comply with legislation and pay workers on time. (more…)

OTS calls for inheritance tax system to be digitised

Posted on: January 9th, 2019 by Sarah Curzon No Comments

The Office for Tax Simplification (OTS) has urged the Government to implement a digital system for inheritance tax, following complaints the current form-filling system is too complex. 

On average, there are around 570,000 deaths in the UK every year, although inheritance tax is due on less than 5% of estates.  (more…)

National insurance planning

Posted on: January 9th, 2019 by Clive Headon No Comments

Obligations and opportunities.

National insurance contributions (NICs) are set aside to pay the state pension and other benefits, but due to the UK’s ageing population the National Insurance Fund is under increasing strain, with the state pension taking up more than 90% of its annual outlay in 2018.

A review by the Government Actuary’s Department (GAD) predicted the fund would be empty by around 2032. (more…)

Businesses getting to grips with apprenticeship levy

Posted on: January 9th, 2019 by Sarah Case No Comments

Businesses are finally beginning to understand the apprenticeship levy, after previously voicing serious concerns over its complexity and lack of flexibility.

The apprenticeship levy took effect on 6 April 2017 and means businesses with an annual pay bill of more than £3 million must pay the levy towards apprenticeship funding. (more…)

HMRC ramps up investigations into professional football players – up 90% in just a year

Posted on: January 8th, 2019 by Leighton Reed No Comments

HMRC is currently investigating 171* professional football players, up 90% from just 90 players under investigation in September 2017, as it looks to crackdown on the misuse of image rights payments and increase revenues from the industry.

HMRC has already collected £332m in additional revenues from investigations into the football industry in the last two years alone. 44 league clubs and 31 football agents are also currently being investigated.   (more…)

Using Conflict as a Catalyst for Change

Posted on: January 7th, 2019 by Sarah Case No Comments

A Guide for Embracing, Managing and Mitigating Conflict Within Your Organisation

The Not for Profit sector is dealing with continued challenges from numerous directions. Changing legislation is placing a cost burden onto organisations already struggling with funding issues. Governance continues to be key in maintaining and developing a successful organisation, being alive to taxation changes has become imperative and the charity regulators are adopting a more rigorous approach. On top of this, charities are often constantly battling with internal and external conflicts. (more…)

Welsh firm praised in annual charity finance survey

Posted on: December 12th, 2018 by Sarah Case No Comments

A leading South Wales-based accountancy and advisory firm has been recognised as one of the UK’s top performing charity auditors in a sector specific survey.

MHA Broomfield Alexander moved up two places in Charity Finance’s annual survey of more than 1,000 charities, now ranking in the Top 20 charity audit firms across the UK. The firm was also highlighted for special mention in two categories, as it rated third in the UK for ‘charity expertise’ and joint forth for overall service by firms that received 30 or more responses. (more…)