Capital Gains Tax and Your Home

Where a property is someone’s residence for all their ‘period of ownership’, there is no capital gains tax to pay on the sale of a main private residence. But with off-plan purchase, where a property is purchased before it’s built, the position with regard to capital gains tax is proving more contentious.

New Era for Capital Allowances

Budget 2018 brought change to the capital allowances regime, including a two-year increase in the Annual Investment Allowance (AIA).

Change for Charities

Although charity law varies across the UK, charity governance is very much in the spotlight. The Charity Commission for England and Wales (CCEW) recently reported that nearly 40% of small charities – those with annual income below £25,000 – submitted inaccurate financial information.

How to Keep Staff

Keeping staff can be difficult. One recent report found that workers in the UK change employer, on average, every five years – and that millennials could have been through four different jobs by the time they are 31.

IR35 Shake-Up

The Autumn Budget brings change to the ‘off-payroll’ working (IR35) rules from April 2020.

Tax Change Round-Up

A brief round up of the upcoming tax changes.

Charity Newsletter Winter 2018

Accountancy and Tax Update – Charity Newsletter Winter 2018

SORP Update Bulletin 2 SORP Update Bulletin 2 has been published following a consultation period. The Bulletin reflects the updating of Accounting Standard FRS 102 by the Financial Reporting Council ‘Triennial Amendments’ which was published in December 2017. Update Bulletin 2 consists of ‘significant’ and ‘clarifying’ amendments. Significant amendments are applicable for accounting periods beginning …

Consultations – Charity Newsletter Winter 2018

NCVO published draft Code of Ethics Another reaction to the safeguarding issues that hit the public’s attention earlier on the year is the publication of a draft Code of Ethics for charities by the National Council for Voluntary Organisations (NCVO). The proposed code covers safeguarding, conduct within charities, employment practices, dignity in the workplace and …