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Charity Newsletter

‘Charity News’ is a roundup of the latest accounting, taxation and governance issues affecting charities in England and Wales.

Legal working in the UK

In line with the Immigration, Asylum and Nationality Act 2006, it is a criminal offence to employ anyone who does not have an entitlement to work in the UK, or undertake the type of work you are offering. Any employer who does not comply with the law may be facing a fine of up to £20,000 per offence. Further, if employers knowingly use illegal migrant labour it could carry a maximum five year prison sentence and/or unlimited fine.

Spring Budget Summary 2017

Budget announcements contain many fundamental taxation changes which will affect business and personal lives for the years to come. Written in plain English, we have segmented the summary into the key areas of taxation, including business and corporate, employment, personal and capital. We have also included comments on the more important changes, together with any planning points that may arise.

Autumn Statement 2016

On Wednesday 23 November 2016 Phillip Hammond presented his first Autumn Statement. So what exactly did the Chancellor say and, more importantly, what did it actually mean?  

Limited Liability Partnerships

The key advantage of a LLP compared with a traditional partnership is that the members of the LLP (it is very important that they should not be called partners but members) are able to limit their personal liability if something goes wrong with the business, in much the same way as shareholders in a company have always been able to do. Of course anyone lending money to the LLP such as a bank may still require personal guarantees from the members, as they frequently do with directors/shareholders in a company.

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