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Quantitative Easing ? What’s that ?

We’ve heard about QE on the news as if we know all about it. So, what is it ?. QE is simply the BoE (that’s Bank of England) prints money. That’s it !. Well, they don’t print pound notes but they create “digital pounds”. Q. What do they do with the created money ?. A. […]

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3 quick items of interest

Just a three quick items of interest if you are self-employed, or are self-assessed taxpayer…. Class 2 NIC’s It was announced in the recent 2016 budget, that Class 2 National Insurance Contributions would be scrapped from April 2018. Yes…you read that correctly !. Currently you are paying £2.80 per week if you earn a PROFIT […]

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The new PSC Register – is your company &/or company charity prepared ?

Most charity trustees will not be aware of the new Small Business Enterprise and Employment Act 2015 (the ‘Act’) that is part of the Government’s new transparency regime. It adds a new and complex requirement into the Companies Act 2006 for most UK companies (including charitable companies !, and their trading subsidiaries) to create, populate and  maintain a […]

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OSCR – what is the “targeted regulation” coming soon ?

From 1 April 2016, OSCR will increase the information they make available on the Scottish Charity Register, by starting to publish annual reports and accounts for larger income charities and charities that are Scottish Charitable Incorporated Organisations (SCIOs). The annual return form completed by all charities will see changes in the type of information gathered, while reporting […]

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Charity finance and reserves policy

The English Charity Commission has published updated finance guidance for trustees, designed to streamline and clarify things. The days of being a “silent Trustee” have long gone. It is expected that Trustees keep themselves informed and updated with developments. We can help you in this regard by keeping in contact with you and your charity, […]

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15 questions every Trustee should ask

The English Charity Commission have come us with some excellent information in the last few days to help Trustees fulfill their role in a competent manner. Here is a one page infographic on 15 questions that Trustees should ask on a regular basis… 15_questions Here is an expanded version of the above. It goes into greater […]

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Credit cards- “hard search” or “soft search” ?

Here are a few hints in minimizing credit card interest costs; 1. Never miss monthly payments. If you miss, or underpay a monthly payment, you can slugged for up to 30% on the whole balance of your card debt !. Ouch !. 2. Clear by the time the 0% time period ends. 3. Use only […]

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What is a tax return going to look like in 2020 ?

Answer ?…no one knows; not even HMRC I think. In the March 2015 Budget the Chancellor (known as the “Treasurer” in  most countries), raised the issue of the ‘end of the tax return’. The future focus will be on ‘digital tax accounts’, which appear to be a digital portal into HMRC containing all relevant tax details for […]

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Auto enrolment – “relief at source” or “net pay” ?

By now, most employers are in the process of auto enrolling their employees in a pension fund. But there is something to look at for lower paid employees which can save them money. Contributions paid from NET pay will use a “relief at source scheme”. This means that staff earning under £11,000 a year from April 2016, will […]

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Class 2 NIC changes

What are NIC’s ? “National Insurance Contributions” (NIC’s) contributes towards your state pension and certain other benefits; the amount of contributions you make during your working lifetime affects the level of pension you receive. If you are employed on a payroll, you pay Class 1 NIC which get taken automatically via PAYE. Class 2 and […]

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