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Blog // 21/11/2018

What has a SORP Update Bulletin ever done for us?

Users of the Charity SORP should be aware that the SORP Committee has issued “SORP Update Bulletin 2”. But what is an “Update Bulletin”? The SORP is based on FRS102, and so when there is a significant change to FRS 102, the SORP needs to be updated and this is not done by re-issuing the […]

Blog // 21/11/2018

Autumn Budget 2018: Charities and Not for profit response

Chancellor of the Exchequer has delivered his last budget before Brexit. Overall, it was a budget of modest increases in expenditure or tax reliefs to address pressure points which are proving difficult or unpopular, such as Rates Relief or Universal Credit, but not abandoning fiscal responsibility, particularly in the run up to Brexit. The main […]

Blog // 21/11/2018

Beware of corporate interest restrictions

Complex new rules surrounding corporate interest restrictions could impact property investment companies; increasing their tax liabilities by reducing allowable costs. What should companies do to ensure compliance and mitigate the effect of the changes? Applying from 1 April 2017, the Government’s changes to corporate interest restrictions have been introduced as part of the OECD’s base […]

Blog // 21/11/2018

Autumn Budget 2018: Chancellor misses an opportunity to address affordability issue

The Autumn Budget 2018 offered plenty of good news for the housing and construction sector, with the Chancellor promising £1bn of British Business Bank guarantees to encourage more smaller-scale developments by SME developers. There was also additional funding to help up to 500 neighbourhoods secure land for new homes, to be sold to local people […]

Blog // 19/11/2018

Finding a solution to your firms succession conundrum

Succession is widely regarded as the most significant issue facing law firms at present. Senior partners are often embroiled in problems surrounding cash-flow management, cyber security and PI renewals, but what should perhaps take greater priority is the need to find a solution to this conundrum. Prepared for Brexit but not retirement The majority of […]

Blog // 19/11/2018

Black Friday 2018 what to expect this year?

Santa Claus is coming and maybe just as importantly for retailers, Black Friday is even closer. Black Friday is now often seen as the day that kicks off the festive season spending sprees, but what can we expect to see from this year’s extravaganza. Well, before looking at 2018, it’s worth considering how this phenomenon […]