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UK reporting - an update

UK GAAP

On 30 January the ASB launched the latest stage in its long-running consultation on the future of UK GAAP. These radical proposals entail the replacement of the current UK GAAP, which underpins charity reporting, with a new regime....

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VAT online

From 1 April 2012, all VAT registered traders will have to file their VAT returns online.

 

HMRC has published a guide for small businesses which have yet to begin online filing for VAT, Support available to help you move f...

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Charity IT survey 2012 reveals “a profound change in the way charities manage IT.”

In Charity Finance magazine’s surveys of recent years, they reported two major technological trends which were threatening to change the way charities operate: Cloud Computing and advances in mobile technology. The 2012 Charity IT Survey suggests th...

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Charity Business leaves charity clients without services

As you might be aware, Charity Business (CB) the outsourcing company that went into administration last week has left around 200 charity clients without services ranging from payroll to a full finance directorate. Charity Business has handed over fi...

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Legislative change for credit unions

From 8 January 2012, charities, social enterprises and community groups will begin to benefit from new credit union powers to reach many more members, organisations and communities.

 

Changes to the Credit Unions Act 1979 passed throu...

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European parliament passes limited 'micros' exemption

Readers may be interested to read the blog I posted on Talk Accountancy in December: European parliament passes limited 'micros' exemption.

A limited exemption from the accounting directive for 'micro entities' has now been agreed by the Europ...

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Update on public benefit guidance

You may have seen the recent decision of the Upper Tribunal on the Charity Commission's public benefit guidance in relation to fee charging and educational charities. As required by the Upper Tribunal, the Charity Commission has withdrawn those part...

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New fraud factsheet on social networking

The Fraud Advisory Panel has issued a new fraud factsheet on social networking. Social networking is changing the way we communicate, both in our personal and professional lives. The increasing popularity of social networks has made them a target fo...

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New mobile website makes donating safer

People can now check if a charity is registered on their phones before making a donation, as the Charity Commission has launched a mobile version of its website http://m.charitycommission.gov.uk.

 

The mobile site which holds the register ...

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Accounting Direction for Social Housing - consultation

The Tenant Services Authority (TSA) has issued a consultation document which sets out proposals for changes to the accounting requirements for private registered providers of social housing which will be effective from 1 April 2012. O...