Events & Insights

Blog

Two common problem areas for charities using gift aid

In our latest blog, our Head of Charities, Jenny Simpson, considers two common problem areas for charities utilising gift aid; The gift aid scheme potentially allows charities to boost their income from donations but is not without its pitfalls.  On the whole charities are familiar with the requirement to hold and keep a valid gift…

Read More
Blog

Charities and Insolvency

In our latest blog, our Head of Charities, Jenny Simpson, provides some helpful suggestions for Trustees; Trustees give their time and skills freely to the charities they work with, so it is important that they have an awareness of the complexities they face if a charity experiences financial difficulties and potential insolvency.  In extreme circumstances,…

Read More
Blog

Charity Fundraising Events Tax Implications

In our latest blog, our Head of Charities, Jenny Simpson, looks at the potential tax implications of fundraising events; It’s a common misconception that charities don’t pay taxes. Whilst there are generous tax exemptions for charities, if they operate out with the available exemptions they can be subject to tax on any profits made. Fundraising…

Read More
Blog

Payment Diversion Fraud

Our Head of Charities, Jenny Simpson, looks at the most common fraud attempted against her clients; Part of our role as auditors is to consider the systems and processes that our clients have put in place to mitigate the risk of fraud.  We also must enquire about actual, alleged and attempted fraud and evaluate fraud…

Read More
Blog

Gift Aid – Spring Statement

Our head of Charities, Jenny Simpson, reports on the impact of the planned reduction in the rate of basic rate tax on the gift aid recoverable by charities; Most people will have welcomed the Chancellor’s announcement in the Spring Statement yesterday that the basic rate of income tax will be reduced from 20% to 19%…

Read More