CCEW has issued revised guidance on Investments following a recent consultation, bringing it up to date for the modern era and ensuring that it reflects recent legal developments such as the recent High Court judgement in the Butler-Sloss case. This guidance is set out in CC14 Investing charity money: guidance for trustees. The key theme of the guidance is the need for trustee ...
Changes to UK Company Law
Company Directors need to be prepared for a huge change in corporate responsibility due to the Economic Crime and Corporate Transparency Act, this is a landmark piece of legislation with many implications for UK businesses. One significant change that Companies House will be introducing will be ‘Identity Verification’ for individuals setting up and managing companies with new ...
Charity News: The state of the charity sector
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 ...
Careers Fairs
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 ...