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Credit control – prevention better than cure


Mismanagement of cash flow is the single biggest reason that businesses ‘go under’. Maintaining consistent cash flow, avoiding bad debt and minimising late payments are all essential for business survival. Overdue payments can be crippling…

Tax rates and allowances for 2016/17


Keep an eye on your rates and available reliefs with our handy tax card. To view our 2016/17 tax card please click here.

Gift aid rules clarified


Media reports have suggested that donations to sites such as JustGiving, which were signed off with a message of support from a donor’s family, were not applicable for Gift Aid, on the basis that they…

2016 Budget Commentary


George Osborne’s first Spring Budget of this Parliament made no bones about playing it safe and planning for the future. Against a background of poorer than expected growth forecasts and concerns over the possible effect…

Budget 2016 highlights for business owners and private individuals


Today’s announcements were hailed by George Osborne as a budget for the next generation, aimed at delivering stability and benefits over the longer-term. With the media widely predicting another ‘surprise’ , it didn’t materialise –…

Grants by charities to non-charities


The Charity Commission has issued draft guidance for trustees wishing to make grants to non-charitable organisations. The guidance states that trustees must be able to show how any grant to an organisation, whether a charity…

Financial Reports of Pension Schemes – the implementation of amendments to FRS102 to the pension SORP


Since the pensions statement of recommended practice (SORP) was issued in November 2014 there have been a number of amendments to FRS102. Most are not relevant to pension schemes, but there are two changes which…

Tax investigation – could it be you?


Every year around this time we see more scary stories about the increase in tax enquiries and investigations and how many successful prosecutions have been made by HMRC. But do most of us really have…

New rules for Companies House reporting – Part 2


Important changes for directors There are a number of measures in the Small Business Enterprise and Employment Act 2015 affecting company directors and those who influence or instruct them. Quick facts: Under the new Act:…