In his Budget speech yesterday, Philip Hammond described his Budget as one for hard working families; for strivers, grafters and carers. On several occasions he repeated the phrase “austerity is coming to an end” (not “at an end” as the PM had said), before announcing...
Charity taxation From April 2019, the Government will introduce measures to reduce administrative burdens on charities. These include: An increase from £5,000 to £8,000 in the upper limit for trading charities can carry out without incurring a tax liability where...
AN UPDATE ON THE IMPACT OF THE AUTUMN BUDGET ON ENTREPRENEURS RELIEF. Richard Coombs, Tax Partner at Bates Weston comments: “Whilst some commentators were predicting that the Chancellor would end the very generous capital gains Entrepreneurs Relief, he stopped short...
For various reasons a business or a charity may need to assure interested third parties, its own management or shareholders/stakeholders that its financial statements are a true representation of its financial position. There are several ways that this assurance may...
Our client has a profitable business, dealing with high volume, low margin product which is subject to significant increases in raw material costs and extended supplier deadlines. The owners understandably prioritise satisfying customer demand over reducing the cash...
