Academy Schools Financial Governance Review

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Has your academy carried out a review yet as required by paragraph 1.5.14 of the 2014 Academies Financial Handbook? The requirement is for academies to consider the composition of the board in terms of skills, […]

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Torbay Business Forum visits Downing Street

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Torbay Business Forum recently attended a Manufacturing Reception at No 11 Downing Street being hosted by the Chancellor George Osborne. Representing Torbay Business Forum was Tim Godfrey, vice chairman and partner at Bishop Fleming, went […]

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VAT – change in treatment of prompt payment discounts from 1 April 2015

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On 1 April 2015 the VAT accounting treatment of prompt payment discounts will change. This change does not affect the VAT treatment of retrospective discounts or rebates which are calculated by reference to the volume […]

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Call for Government to Stop ‘stealing tax’ from students

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The taxman is stealing tax from students who only get to earn during the school holidays. Thousands of students who work in their holidays are being over-taxed at a time when they’re having to cope […]

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Complying with the Energy Savings Opportunity Scheme

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If you are a large organisation then you need to be aware of ESOS – the Energy Savings Opportunity Scheme, which came into effect in July 2014. What is it? ESOS is a policy aimed […]

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Pensioner Bonds should be made available to all ages

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The “Pensioner Bonds” – the most successful financial product for decades – should breach the law on age discrimination, according to Matthew Lee, Managing Partner of Bishop Fleming. Mr Lee stated “It is now illegal to […]

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Free GP Practices Benchmarking Report

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Bishop Fleming in association with Kreston UK have produced the GP Practices Benchmarking Report 2014 to help Practice Managers and Partners gain deeper understanding of the financial performance of their practices. Benchmark your practice against […]

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£2,000 Employment Allowance from April 2014

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Employment Allowance – does this apply to me? From 6 April 2014 businesses will be able to reduce their secondary NIC payments to HMRC by £2,000. But, there are exceptions. If you are carrying out […]

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Tax charges on your pension contributions- pension annual allowance

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Since the pension annual allowance reduced to £50,000 in 2011/12, and more recently to £40,000 from 1 April 2014, doctors and dentists in the NHS defined benefit pension scheme have faced uncertainty each year as […]

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Guidance on holiday pay and overtime for academies

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Following a recent decision at the Employment Appeal Tribunal (EAT), EAT confirmed that elements of a worker’s normal pay, including non-guaranteed overtime, must be taken in to account when calculating holiday pay under EU law. […]

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