Another key appointment at Wylie & Bisset

Posted on March 20, 2017 by beverley

Following on from Wylie & Bisset LLP’s recent announcement on its new executive team, they have announced the appointment of Catherine McManus to Tax Partner effective from 1 April 2017. Having joined the Firm in 2015 and appointed Head of Tax in 2016,  Catherine has successfully promoted and grown the Firm’s tax offering. Her appointment marks the next stage in the development of the tax services offered by the business, ensuring excellent service to clients old and new.  

 » Read more about: Another key appointment at Wylie & Bisset  »

Government U Turn on Budget Plan for NIC

Posted on March 17, 2017 by beverley

One of the significant announcements made by the Chancellor in his Budget Day speech was the proposed increase to the main rate of Class 4 National Insurance Contributions (NICs) paid by self-employed individuals,  increasing from 9% to 10% from April 2018 and a further increase planned from April 2018 from  10% to 11%.

The Chancellor has announced that the government will not now proceed with the proposed increase in Class 4 NICs rates.

 » Read more about: Government U Turn on Budget Plan for NIC  »

Recent changes in accounting regulations

Posted on March 14, 2017 by beverley

After having used SORP 2005 for a number of years we saw a change last year with the new FRS102 SORP and the FRSSE SORP. Larger charities had to follow the FRS 102 SORP but small charities had the choice of which SORP to follow. We knew that the FRSSE SORP was only going to be around for a year so for accounting periods commencing on or after 1 January 2016, all charities must now be reporting under the FRS102 SORP.

 » Read more about: Recent changes in accounting regulations  »