slb@hawsons.co.uk Plans to simplify how VAT is applied to business donations to charity have been welcomed by Charity Finance Group (CFG), who say the proposals could remove unnecessary barriers and unlock more support for the sector. What’s being proposed?...
slb@hawsons.co.uk Gift Aid is one of the most straightforward ways to increase your charity’s income, but it’s surprising how often it’s overlooked. For every £1 donated by a UK taxpayer, you could be potentially claiming an extra 25p as tax relief from HMRC. Whether...
Over the past few weeks, staff at Hawsons have been stepping away from their desks, and giving back to the local community by volunteering at a local animal sanctuary! Each day a group of staff headed down to Thornberry Animal Sanctuary, a rescue centre based in South...
Recent research from the eighth quarterly VCSE Sector Barometer from Pro Bono Economics has found that only 37% of charities have what they consider to be a complete board of trustees. This means that 63% of charities have an incomplete board of trustees at the time...
The new Justice Minister, Shabana Mahmood, has said she is pledging to make public funding a priority and to smooth relations with the Legal Aid Agency. The Legal Aid Minister, Heidi Alexander admitted that the legal aid system was on life support and it would be a...
The SRA has been given the go ahead by the Legal Services Board (LSB) to increase the compensation fund contribution for 2024/25 by 270%. This decision has been made partly to cover the costs of the Axiom Ince intervention. In addition to the increased contributions,...
Artificial intelligence (AI) is one of the biggest and most talked about technologies of the last 10 years. It has the ability to completely change how businesses operate, automate, make decisions and become more efficient. The legal sector, notorious for its...
The development of the first International Non-Profit Accounting Guidance (INPAG) for non-profit entities has progressed into a third and final consultation. Currently, no international accounting guidance exists for non-profit organisations. What issues does...
A recent analysis by Pro Bono Economics (PBE) has found that rates of formal volunteering have reached an all-time low as 40% of charities report that volunteering numbers have been insufficient to enable them to meet their main objectives in the last 12 months. Small...
Navigating the financial landscape can be complex, especially when it comes to managing accounts for different types of organisation. While both business and charity financial reporting is essential for their respective entities, they serve distinct purposes and...
The role of a charity trustee One of the biggest challenges for charities and trustees is determining where trustee involvement should begin and end. This is particularly important for small and growing charities. It is also important to clarify the differing roles of...
To become an qualified accountant typically a combination of accounting skills, education, qualifications and networking skills are required in the industry. Education University Route To start a career in accounting, education is key. The most common path to...