Over the course of the summer a number of reports have been issued providing an indication of the state of the charity sector in 2023 after the difficulties of the last few years caused by the pandemic and subsequent cost of living crisis. In July CCEW published two reports based on research carried out earlier this year. The first addressed public trust in charities, and conc ...
Rate of inflation falls as interest rates held
UK inflation fell to a two-year low while the base rate of interest was unchanged by the Bank of England for the second month in a row. The Office for National Statistics (ONS) found that the UK's rate of Consumer Price Index inflation fell to 4.6% from 6.7% in September. The ONS found that a small reduction in the energy price cap helped to bring the inflation rate down. Ac ...
Charity News: Charity use of social media
Social media is rarely out of the news these days, often with adverse consequences for those that have misused it or failed to take proper precautions over its use. The charity sector has not been immune to this, with the RSPB being the centre of a political row after a tweet it published accused Government ministers of being liars, for which the RSPB chief executive had to sub ...
Changes in legislation to Research and Development claims
Companies have seen some big changes lately; changes in corporation tax rates, changes back to the associated company rules from the 51% related companies, and lately, additional requirements to support R&D claims and changes to R&D rates.
How to reduce inheritance tax (IHT) on financial gifts
Financial gifts can make a huge difference for children and grandchildren but care needs to be taken to ensure they are carried out tax efficiently.
Lifetime gifting could include making cash gifts from surplus income, charitable giving and taking advantage of annual exemptions and the small gifts exemption.
Scams warning issued to 12 million self assessment taxpayers
Self assessment taxpayers must be on the lookout for scam texts, emails and phone calls from fraudsters, HMRC was warned. HMRC has received more than 130,000 reports about tax scams in the past year, with 58,000 of those offering fake tax rebates. With around 12 million people expected to submit a self assessment tax return for the 2022/23 tax year before the 31 January 2024 ...
Many firms still facing recruitment problems
Many UK firms are still facing hiring issues as a result of challenging economic conditions, according to a report from the British Chambers of Commerce (BCC). 73% of firms surveyed by the BCC reported having recruitment problems, with businesses in the hospitality sector the most likely to report challenges. The construction and manufacturing industries are also experiencing ...
We recently attended two Careers Fairs to look for graduates for our 4 year graduate scheme within our Audit department. Brunel University On Tuesday 24th October, we attended Brunel's Autumn Placement, Careers Fair. The event was open to all Brunel students (all year groups and disciplines) as well as recent alumni. Royal Holloway University On Wednesday 25th October, we a ...
Should my company be making QIPs (Quarterly Instalment Payments)?
- If your company makes profits of over £1.5m then the answer is probably “yes”
- You need to consider new rules from 1 April 2023 that bring “associated” companies into play, and may mean more companies fall into the QIPs regime
- Companies falling into QIPs need to be mindful of payment dates to manage cashflow
Firms looking to Autumn Statement for help with rising operating costs
Small firms will look to the upcoming Autumn Statement for signs that the government understands their operating concerns, says the Federation of Small Businesses (FSB). The business group said that UK businesses need urgent action to help stem the issue of late payment. It says that large corporates use late payments to offset interest rate rises by 'demanding, in practice, f ...
Ward Williams was much more sympathetic to my circumstances. There was much more opportunity for me to ask for help when needed, and there was far less jargon in the information that they sent me.Clare Francis - Probate Client
Probate can be a very detailed procedure, as I knew from personal experience. But Ward Williams made the whole thing less daunting. They were very reassuring and clear about everything. Keeping us informed and letting us know we could ask for advice whenever we wanted.Sam Crossby - Probate Client
When taking on my fathers probate, the solicitor didn't explain that there were a number of things we could have done ourselves; in contrast, Ward Williams were clear from the start about the different options available to us and the associated costs of these options.Clare Francis - Probate Client
We felt we were always able to ask questions that we had or pop in for a meeting. We felt well looked after all the way through and it was very comforting to know that we had a professional firm to take the anxiety out of the process for us.Sam Crossby - Probate Client
The relationship in dealing with my parents tax has come to an end but the fact we are going to ask them to handle the trust speaks volumes about how we feel they dealt with the probate.Clare Francis - Probate Client
Ward Williams simply told us that they could provide the service, explaining what they could do if we wanted them to. Their approach was far more human, and much more appropriate to the circumstances.Sam Crossby - Probate Client
Personal relationships count for a lot in these circumstances and our relationship with Ward Williams is excellent.Clare Francis - Probate Client
Ward Williams were financial advisers to both parents and after my father died they continued to look after my mother's financial affairs. Because of that good understanding we felt they would be best placed to provide the expertise needed to see probate through and would handle everything in-house. The long-term relationship meant that we already had a high level of trust in them.Sam Crossby - Probate Client