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How to Use Receipt Bank

January 21, 2021

What is Covered

You should have already received an invitation to use Receipt Bank from us. This brief video talks you though: How to download the app for your mobile device on Android and iOSSubmitting items to us using the mobile app, email and invoice fetchResponding to messages we might...
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Charities & Tax

January 19, 2021

HMRC Recognition

Charities can get certain tax reliefs but you must be recognised by HMRC.  To be recognised the charity must be:based in the UK, EU, Iceland, Liechtenstein or Norwayestablished for charitable purposes onlyregistered with the Charity Commissionbe run by fit and proper pe...
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Introduction

Every registered charity has to put together their Annual Report and Accounts to be submitted to the Charity Commission. For some organisations, putting this together feels like a lot of hard work with little reward. But it is much more than this.Rather than a chore that ser...
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What is a Social Enterprise?

January 19, 2021

Introduction

Social enterprises are businesses that are changing the world for the better.  They exist to achieve a social mission such as providing healthcare, creating jobs or advancing education. Although profits may not be the main motivator, like traditional businesses, social ...
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The trustees of all registered charities must produce a trustees’ annual report and accounts each year.  Where a charity’s annual income is over £25,000, the trustees must also arrange for an independent person or accountancy firm to carry out either an audit or an...
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Last week the chancellor announced a temporary cut in the VAT rate for certain supplies in the hospitality and tourism sector. The standard 20% rate is being reduced to 5% from 15 July 2020 until 12 January 2021.  The reduced 5% VAT rate applies to: Supplies of food an...
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Flexible Furlough

To date, employees that were placed on furlough could not undertake work for you. Originally, the scheme was only for employees who were not working, and while on furlough, an employee could not undertake work for or on behalf of the organisation. However, from 1st July, emp...
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HMRC announced plans to open the online Coronavirus Job Retention Scheme (CJRS) service on 20 April with the first claims being paid 10 days later. The good news is that we will be able to access the system for our clients.Since the scheme was announced on 20 March, man...
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What is a social enterprise?

September 24, 2019
Why is Michael Sheen holding a spanner? and what exactly are social enterprises?Luckily Chris Addison (and Michael Sheen!) are on hand to explain it all in this video.This video contains a comprehensive, simple and fun explanation of what social enterprises are, how they are...
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Community Interest Companies (CICs) are limited companies, with special additional features, created for the use of people who want to conduct a business or other activity for community benefit, and not purely for private advantage. This is achieved by a "community interest ...
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