business issues Archives - Page 61 of 65 - Whitefield Tax - Isle of Wight Accountants

Charity GAAP changes

by Jessica Garbett | Jul 20, 2015 | ACCA, business issues

Due to changes in company accounting, changes are to be made to UK Generally Accepted Accounting Practice (GAAP). These changes will take effect from 1 January 2016. The role of the Statement of Recommended Practice (SORP) is to provide guidance on the application of...

Charities’ audit and examination limits

by Jessica Garbett | Jun 25, 2015 | ACCA, business issues, financial reporting

Certain charities may now benefit from recent changes to audit limits. Changes to the audit requirement for charities in England and Wales have been introduced. The government highlighted that the ‘proposals become ‘live’ to 31 March 2015, meaning that...

Prompt Payment Code strengthened

by Jessica Garbett | May 7, 2015 | ACCA, business issues

Phased changes will help strengthen the Prompt Payment Code. The Prompt Payment Code, which is regarded as the best practice for payment of suppliers, has been further strengthened, with signatories to the code being asked to: pay invoices within a maximum of 60 days,...

Lunch for the Self Employed

by Jessica Garbett | May 6, 2015 | business issues, HMRC, personal taxatation, yoga

Travel expenses for employees – including – company directors – get a lot of press. But what about the self employed – sole traders and business partners? Quite often HMRC tackle self employed travel expenses, the latest being the Samadian...

New guidance for trustees of charities

by Jessica Garbett | Mar 20, 2015 | ACCA, business issues

The Charity Commission has issued guidance for trustees considering tax arrangements. It has stated in the guidance that ‘Trustees will …. risk scrutiny and potential investigation by the commission if they engage in tax arrangements which exploit tax...

Budget 2015: changes to business rates

by Jessica Garbett | Mar 20, 2015 | ACCA, budget, business issues, property taxation

From 1 April 2015 the government is: increasing the business rates discount for smaller retail premises with a rateable value of £50,000 or below to £1,500 to 31 March 2016 doubling small business rate relief for a further year to 31 March 2016 capping the rise in the...

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Charity GAAP changes

Charities’ audit and examination limits

Prompt Payment Code strengthened

Lunch for the Self Employed

New guidance for trustees of charities

Budget 2015: changes to business rates

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