Blog

The annual report and accounts of a charity are important documents that provide information on the charity’s purposes, activities, achievements, governance, finances and fund types. They are different from a limited company’s accounts as they have to follow a different accounting framework, use different terminology and provide more disclosures. To produce the right reporting required for charities, your accountant should possess the right skills, as expertise is essential.

Construction Industry Scheme (CIS) covers many types of construction work including building work, plastering, plumbing, electrical, decorating among many other works. To make sure you are deducting the correct amount from your subcontractors you must verify them with HMRC before you pay them.

Dividends are payments that companies make to their shareholders from their profits. But there are many rules and details that you have to follow to pay dividends legally. If you don’t, you could get into trouble with the law or lose money.

Navigating IHT forms can be tricky, with various pitfalls that could prompt a review. An incorrect IHT return can lead to significant costs, especially if HMRC imposes a penalty based on a careless or deliberate mistake. To prevent costly mistakes, families should be proactive in understanding the risks and taking steps to safeguard their inheritance.