An essential requirement for most business structures is limited liability: without this protection against failure many businesses would simply not assume the commercial risks necessary to succeed. This being so, the available choice of structure is not one of infinite variety but essentially between a Limited Liability Partnership (LLP) or Limited Company. Both provide limited liability to their members or shareholders.

As the Government has begin easing lockdown and business are starting to resume operations, there’s no better time to consider the ways in which this year’s remarkable circumstance will inform your strategy moving forward.

The Culture Recovery Fund grants programme, announced by the Arts Council last week, is indeed a much needed boost to the recovery plans for many arts organisations hit hard by current events. There are two rounds of funding: the first round of applications opens at 12nn on Monday 10 August and closes on 21 August at 12nn, and the second round opens at […]

There have been several breaches that have come into the public domain recently – for the more athletic amongst us the Garmin services being down for several days would have been an inconvenience, but breaches have serious impacts for organisations. It was recently reported that the cloud computing company Blackbaud was compromised by ransomware. In this case […]

Click on the button below to download the latest edition of Charity and Not for Profit eNews.

Last night the Culture Secretary, Oliver Dowdon, announced a new £500m government backed scheme to support film and TV productions struggling to get COVID-19 related insurance. The film and TV production industry in the UK supports 180,000 jobs and is worth £12bn to our economy. The scheme proposes to get film and TV production up […]

Gains realised on life insurance policies are subject to income tax at the individual’s marginal rate under the chargeable event gain regime. The gains accrue over a number of years but are taxed in one year. This can result in gains being taxed at a higher rate. Top Slicing Relief (TSR) is available to mitigate the impact of this higher tax charge.

In a move to urgently support businesses most severely affected by forced closures and social distancing measures, the Government announced on 8 July 2020 that a reduced rate of VAT at 5% would apply from 15 July 2020 to 12 January 2021 for the supply of certain supplies linked to hospitality and tourism. Outline of the […]