Accounting for charities

An overview of accountancy issues in the third sector. If you’re in charge of running a charity, you will know how it differs from operating a business and how its motives and goals vary. Non-profit organisations are treated very differently under the law, and managing a charity’s accounts can offer some unique challenges as a… Continue reading Accounting for charities

MPs call for break-up of Big Four’s accountancy services

The UK’s largest accountancy firms should be split into audit and non-audit businesses, according to recommendations from a Government committee. The Big Four accountancy giants conduct 97% of large companies’ audits, while also supplying those companies with other accountancy services. The Business, Energy and Industrial Strategy (BEIS) Committee published a report highlighting a potential conflict… Continue reading MPs call for break-up of Big Four’s accountancy services

Auto-enrolment fines rise 146%

Fines issued to employers that fail to comply with their auto-enrolment responsibilities have more than doubled over the last two years, a report from the Pensions Regulator shows. In 2017/18, there were 36,137 fines issued to employers for not complying with the requirements of auto-enrolment – up from 14,707 such penalties in 2016/17. The Pensions… Continue reading Auto-enrolment fines rise 146%