Archive for November, 2016

Annual “Dear Accounting Officer” Letter

Posted by Will Hanbury on

The EFA has recently sent out a letter to all academy Accounting Officers. This letter is sent annually and focuses on a few key areas which have been under scrutiny during the year. The EFA also uses the letter as a reminder to Accounting ...

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Fairer funding update

Posted by Andy Wood on

A new website has been launched which aims to give an indication, in real terms, of the impact of future funding on schools. This website has been prepared by NUT and ATL, based on publicly available information. The website can be found here. ...

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Autumn Statement: VAT Flat Rate changes

Posted by Wendy Andrews on

A change which was briefly mentioned by the Chancellor in the Autumn Statement could have important implications for businesses using the VAT flat rate scheme. It applies to businesses identified by HMRC as having “limited costs”. From April ...

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Fraud and fraud prevention

Posted by Joe Scaife on

The EFA has recently released some new guidance on reducing the risk of financial irregularities. Full guidance can be found here. Common types of fraud identified as affecting the Academy sector include theft, fictitious invoices, falsification ...

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Autumn Statement 2016 at a glance

Posted by Gary Mackley-Smith on

Key tax announcements of 23 November 2016 Autumn Statement. This Autumn Statement was effectively a number of firsts. It was Philip Hammond’s first Budget as Chancellor; the first Budget of the Theresa May Government; and the first fiscal ...

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New Audit Director

Posted by Press Release on

Top 40 firm of accountants, Bishop Fleming, has recruited Ria Burridge as Audit Director for their growing Bristol office. Ria is a Certified Accountant with nearly two decades of proven experience in the audit profession with a Big 4 firm, ...

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Tax trio swells Truro team

Posted by Press Release on

The Truro office of Top 40 accountants, Bishop Fleming, continues to expand with the recruitment of three new people to its tax team, keeping pace with growth in the Cornish economy. Chartered Accountant and Chartered Tax Adviser, Joanna ...

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Business confidence rallies after Brexit

Posted by Press Release on

A recent study of businesses across all sectors and regions by top 40 accountants Bishop Fleming shows a bounce back in confidence after Brexit. The firm’s latest Business Barometer reveals that whilst three out of five (56%) business owners ...

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Register of Interests reminder

Posted by Ben Thorne on

The Academies Financial Handbook (AFH) is one of the key documents for Academy Trusts to review, and ensure compliance with. The AFH sets out the rules and requirements for many items of financial compliance as set by the EFA/DfE. It can be ...

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New SDLT and ATED reliefs for companies

Posted by Robert Bailey on

When the 15% flat rate charge to Stamp Duty Land Tax (SDLT) was brought in for companies buying higher value residential properties, it was accompanied by a number of reliefs, the intention being that the charge be aimed at companies buying ...

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