Nov 9 2022 Financial responsibilities of a charity trustee Categories: Charities Charities rely on trustees to help control and manage the charity and it is the duty of all the trustees that the charity fulfils the charitable purpose for which it was created. While it can be seen as an honour to fulfil these duties, it involves a certain commitment and level of responsibility which should not be underestimated. more
Nov 2 2022 Third round of the Scottish Industrial Energy Transformation Fund Categories: Engineering & Manufacturing The Scottish Industrial Energy Transformation Fund (SIETF) was launched in 2020 as part of a £400m support package for companies to embrace decarbonisation, improve efficiency and reduce their impact on the environment. The SIETF has already completed two rounds with First Minister, Nicola Sturgeon, having announced that the successful bids in round two will fund projects that more
Oct 26 2022 Net Zero Transition Fund Categories: Food & Drink In the current climate, businesses have been looking at new ways to reduce their carbon emissions but introducing new equipment or processes can be costly. Businesses in the food & drink and tourism sectors especially are still feeling the financial pressures from the past few years. To offer financial support to these sectors, Invest Fife more
Oct 20 2022 The benefits of Xero for GPs Categories: Cloud AccountingHealthcare In the last year, we have supported a number of our GP clients that have made the move from IRIS to Xero. Xero is an online accounting software that connects your practice to your bank, accountant, bookkeeper and other business apps. The various features within Xero offer a number of benefits to GP practices, allowing more
Oct 19 2022 Reducing the risk of internal fraud in charities Categories: Charities Fraud within charities is, unfortunately, more common than we would like to believe. Each year the ‘Charity Fraud Awareness Week’ campaign aims to raise awareness and share good practice within the sector, as exposure to fraud can leave a charity open to potential loss of monies as well as damage their reputation and any future more
Oct 12 2022 Are you prepared for the introduction of the Tipping Bill? Categories: LeisurePayroll The UK Government is bringing in new laws to make the distribution of tips fairer, more transparent, and stop employers from withholding tips from their workers. The Employment (Allocation of Tips) Bill, known as the ‘Tipping Bill’, will require employers to pass on 100% of tips to workers. Cash tips are already protected by law, and more
Oct 7 2022 Does it save to go electric? Categories: Technology With improving technology and charging infrastructure, along with substantial increases in the costs of petrol and diesel, many companies are looking to electric vehicles (EVs). There are also significant tax benefits of doing so. The personal tax liability of having a company car is based on the Benefit in Kind (BiK) value, which is illustrated more
Oct 6 2022 Gift Aid Awareness Day 2022 Categories: CharitiesTaxation Every October since 2018, charities have been invited to participate in Gift Aid Awareness Day. Gift Aid Awareness Day is organised by Charity Finance Group and this year’s campaign is #TickTheBox which focuses on the value of Gift Aid on the people and communities they serve. Gift Aid is a tax relief for charities in more