Resources / Blogs

Understanding the different types of charity funds is essential for proper financial management. In this blog, we explain the key differences between restricted, unrestricted, designated,

Navigating Conflicts of Interest as a Charity Trustee: Essential Guidelines As a trustee, your foremost obligation is to make decisions that serve the best interests

Accepting and Returning Donations: Insights from the Charity Commission At the heart of charity operations lies the acceptance and management of donations. However, not all

 Unlocking the Power of Gift Aid: A Comprehensive Guide for UK Charity Introduction: Gift Aid is a powerful tool for UK charities, providing a significant

Navigating Changes: Paying Trustees for Goods and Services in Charities Introduction: As a member of a charity, you understand the dedication and effort required to

Directors Loan Accounts (DLA) Hey there, fellow business owners! Running a limited company can be pretty exciting, but we all know that dealing with finances

Dec 07, 2022 The headline message from the Chancellor The Growth Plan 2022 makes growth the government’s central economic mission, setting a target of reaching

What entertainment is tax free? It’s that time of the year again when every business opens their wallet to show appreciation to their staff. Don’t

HMRC Publishes ridiculous excuses for not completing tax returns Every year, following the 31 January Self-Assessment (SA) deadline, HM Revenue and Customs (HMRC) receives a

Tax is changing – how will this affect your business? HMRC has been pushing to make tax digital for some time now. Claiming it will

Reducing Payment on accounts Payment on accounts can be reduced if estimated tax for the new tax year is lower than the previous tax year.

Tax return Deadline We are almost getting to the end of the 23/24 tax return season (deadline day is 31st January 2025 – midnight). The above

Self-Assessment tax season may seem like it’s a long way off, but it’s never too early to get ahead. Whether your tax situation is simple

Question: What is the High Income Child Benefit Charge, and how does it affect me? Answer: The High Income Child Benefit Charge (HICBC) is a

What is Making Tax Digital (MTD) for Income Tax? Making Tax Digital for Income Tax (MTD IT) is a new government drive to modernize how

While taxation usually focuses on what you owe, there are also ways to take advantage of tax-free perks. The best tax-free benefit for company directors