If you own a furnished holiday property, you may wish to consider taking action before 5 April 2025. In the Spring Budget, it was announced that the Furnished Holiday Let Regime will be abolished and draft legislation has now been published, which has provided some...
It may be tempting to put off preparing your self-assessment tax return until later in the year. However, there are many benefits of submitting your tax return early and keeping on top of your tax affairs. Peace of mind Christmas can be a very busy time of year so...
The construction industry has emerged as the hardest-hit sector for insolvencies in the year leading up to April 2024. Recent data from the Insolvency Service found that 4,401 construction companies in England and Wales registered as insolvent. This accounts for a...
This article serves as an introduction to the fundamentals of cash flow management. If you need any support regarding your cash flow management or anything else, then please do get in touch. What is cash flow? Cash flow or cash flows is typically defined as the...
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...
Small businesses across the UK have seen energy standing charges increase very sharply over the past few months with some reporting increasing of over 1000%. Furthermore, 62% of small businesses have said that the ever increasing cost of utilities continues to one of...
Introduction As the impacts of climate change continue to pose significant challenges for infrastructure maintenance, Network Rail unveils its comprehensive spending plans for Control Period 7. Spanning from April 2024 to March 2029, this ambitious five-year strategy...
Introduction Truck stops across England are set to undergo a significant upgrade, thanks to a collaborative effort between industry players and the government. With a combined investment of £16.5 million, 38 HGV rest areas will see substantial improvements aimed at...
Introduction As the world becomes increasingly digitised, industries are facing a pressing need to adapt to technological advancements. The logistics sector, a cornerstone of the UK economy, is no exception. Recent findings from a report by Neos Networks have unveiled...