Charity and Not for Profit eNews

The latest edition of our Charity and Not for Profit eNews is now available and covers the following topics:

  • Guidance on the impact of Charities Act 2022
  • Charity Commission clarifies roles and responsibilities in preventing bullying and
    harassment
  • Fundraising Regulator unveils its strategic plan
  • Proposed increases to the Fundraising Levy
  • HMRC increases interest rates
  • Prospects of a September Budget?
  • Fuel advisory rates increase
  • OTS reviewing working practices
  • CJRS enquiries
  • Safe giving to the Pakistan flood relief

Click the button below to download this week’s edition, or read our previous editions here.

Business Tax Supervisor

Essential Job Functions

Duties and responsibilities would include the following:

• Corporation tax compliance work on a portfolio of clients including both standalone companies and groups
• Reviewing computations prepared by junior staff and taking responsibility for the timely delivery of a high quality service to clients
• Liaising with HMRC on queries into tax returns
• Some tax advisory work, under the supervision of managers, to partners and clients including:
– research and development tax relief
– group tax planning
– venture capital tax reliefs
– share schemes and valuations
• Preparation of the tax sections of due diligence reports
• Completion of EMI and EIS/SEIS documentation
• Assisting in the developing and training of junior staff in the department
• Assisting managers with billing and managing work in progress on portfolio of clients
Person Specification

Work Based Competencies

• Has previously managed a client portfolio of corporate clients
• Some involvement with providing advisory work is preferred but not essential.
• Good Microsoft skills, outlook, excel, word
• Knowledge of Alphatax preferred but not essential

Behavioural Competencies

• Deliver work to a high standard and meet deadlines
• Able to demonstrate good client focused skills, ability to work unsupervised, work within a team, influence and negotiate.
• Good communication skills essential, being able to communicate with all levels externally and internally

Charity and Not for Profit eNews

The latest edition of our Charity and Not for Profit eNews is now available and covers the following topics:

  • Disclosure and Barring Service guidance for DBS checks
  • HM Revenue & Customs clarification on third-party fundraising platforms and Gift Aid
  • Cryptocurrencies for charities
  • Research into public trust in charities and Trustees’ experience of their role
  • Latest Charity Commission annual report and accounts

Click the button below to download this week’s edition, or read our previous editions here.

Business Tax Assistant Manager

The Role

Duties and responsibilities would include the following:

• Managing a portfolio of clients including both standalone companies and groups;
• Reviewing computations prepared by other members of staff and taking responsibility for the timely delivery of a high-quality service to clients;
• Reviewing letters and computations prepared by other members of staff;
• Liaising with HMRC on queries into tax returns;
• Tax advisory with managers and partners to clients including:
– research and development tax relief;
– structures – company, LLP, etc.;
– restructuring;
– group tax planning;
– international matters;
– share schemes and valuations;
– venture capital tax reliefs; and
– tax due diligence reports.
• Completion of EMI and EIS/SEIS documentation.

Person Specification

• Deliver work to a high standard and meet deadlines;
• Able to demonstrate good client focused skills, ability to work unsupervised, work within a team, influence and negotiate; and
• Excellent communication skills essential, being able to communicate with all levels externally and internally.

Work-Based Competencies

• Has previously managed a client portfolio including groups;
• Will already had some involvement with providing advisory work;
• Good Microsoft skills, outlook, excel, word; and
• Alpha tax knowledge preferred

Business Tax Senior Manager

The role includes the following:

• Tax advisory projects with partners and clients including:
o Corporate restructuring and demergers
o Research and development tax relief
o International matters
o Venture capital tax reliefs
o Share schemes and valuations
o Corporate and property acquisitions and disposals
o Tax sections due diligence reports

Training will be provided to develop your knowledge in any of these areas with limited experience.

• Managing a small portfolio of large corporate clients including both standalone clients and
groups across sectors. Responsible for:
o Review of corporate tax compliance on these jobs including advising on areas such as loss utilisation and group matters including the corporate interest restriction rules
o Tax advisory work arising on this portfolio
o Liaising and assisting engagement partners
o Identifying tax efficient opportunities for clients and liaising with partners on implementing those opportunities
o Responsible for managing billing and work in progress
o Assisting partners and the business tax team on tax technical queries
o Opportunities to get involved in the firm’s sector-based business development activities
o Opportunity to assist with team responsibilities in corporate team including line management and assisting in development, training and the appraisal process

Overall the business tax team headcount is 35 – this role will be working with a sub team of 10, being a combination of Managers, Supervisors, Seniors and Trainees

Systems Accountant

Responsibilities:

Systems Administration and Development (Practice Engine, Xero, Power BI)

  • Leading on the administration and systems performance and development for Practice Engine, Xero and Power BI including updating roles and security, maintenance of system users, document templates, finance codes, ledger set ups, reporting and dashboards.
  • Working with the business to understand reporting requirements and to design, develop and improve financial reports and dashboards, supporting self-service reporting where appropriate.
  • Use of SQL queries and a thorough understanding of reporting through Power BI to support the understanding of data and financial and client reporting in the firm.
  • Maintaining control of time recording and billing by fee earners and trouble shooting issues as they arise.
  • Review the current use of technology and integration of finance systems to help streamline and reduce manual intervention.
  • Reviewing systems performance and identifying and resolving system issues.
  • Working with the IT department on system upgrades and systems development.
  • Working with the Finance team to deliver a prompt monthly and year end closedown and reconciliation process for finance systems, to the agreed timetable.
  • Resolving all IT servicedesk queries relating to all of our financial systems in a timely manner and liaising with the internal IT section and suppliers as required.
  • Providing expert technical support to the Finance team to plan and manage major financial processes, including budgeting, forecasting and monthly reporting, providing input and advice in relation to the use of Practice Engine data.
  • Providing additional and ad hoc financial support and analysis, as required.

Training and support

  • To be proactive in supporting and encouraging users at all levels in the firm to achieve the most useful output from financial systems.
  • Training and supporting financial and non-financial staff in the use of Practice Engine, Power BI and other financial systems and procedures.
  • Production and regular updating of system user guides.

 

The Systems Accountant will also:

  • Live our firm values in their behaviour and work
  • Understand excellent client service and work with the Finance Team to challenge ‘the way it has always been done’ and be ambitious to achieve high standards of delivery
  • Enjoying working creatively to solve problems and deliver results
  • Act with diplomacy to build relationships and achieve the best results
  • Facilitate good working relationships and be able to offer effective support at Partner level
  • Enjoy working in a team and be able to successfully support others in meeting team goals
  • Have strong organisational skills and the ability to prioritise key work and meet deadlines

 

Required Skills and Experience

  • Experience of managing, operating and improving financial systems and working with third party providers to ensure the system is working to its optimum capacity
  • Advanced IT skills, including SQL and Excel
  • Experience of effective presentation of financial information to finance and non-finance staff
  • An understanding of financial controls and reflecting these through workflows and controls on financial systems
  • Strong analytical, numeric and critical reasoning skills capable of delivering practical solutions to complex problems
  • Experience of training and supporting staff with the use of a financial management system
  • Experience of working in a partnership or professional services environment

 

Harpur Trust v Brazel Supreme Court Decision

The Supreme Court published their long-awaited decision yesterday (20 July 2022) regarding the Harpur Trust v Brazel holiday pay case.

The Supreme Court upheld the decision of the Court of Appeal. The outcome is that the holiday pay entitlement of workers who work only part of the year but are engaged under a permanent contract throughout the year, should not have their holiday pay calculated by using 12.07% of the hours actually worked.

The Supreme Court held that holiday pay for part-time workers should be calculated under the averaging method over a 52-week period. When the case was first taken, the averaging period was 12 weeks, and excluded any weeks not worked.

It was concluded that workers who were engaged on permanent part-year contracts must receive at least 5.6 weeks holiday, even where they only work for one or two weeks a year. This is on the basis that there are no pro-rota provisions under the Working Times Regulations 1998.

Consequently, workers will need to be paid 5.6 weeks of holiday entitlement, which will be based on the normal weekly pay.

Employers will need to review the current contracts in place with the workers and consider revising their holiday pay calculations.

As far as any potential historical liabilities are concerned, these will be limited to a two-year period. As this is a decision of the Supreme Court it provides certainty for both the employer and the worker.

 

Charity and Not for Profit eNews

The latest edition of our Charity and Not for Profit eNews is now available and covers the following topics:

  • Charity Commission inquiry into The Captain Tom Foundation
  • More inquiries this month
  • Update to safeguarding guidance
  • Annual Return
  • Commission told to increase charities’ diversity data reporting
  • Trustees and ethical investment
  • Company cars: The future is electric!
  • FRC plans audit quality measures
  • Charities pay tribute to Dame Deborah James

Click the button below to download this week’s edition, or read our previous editions here.

Trusts Senior

General Summary

You will be a member of an established team.  Primarily you will be responsible for the accounting, tax and administration of a portfolio of clients. You will need to be familiar with tax and accounting issues of trusts, estates and charities to ensure compliance. You will also need to be client facing, show willingness to work as part of a team and be able to meet deadlines.

You will be ambitious to develop your technical skills and foster good relationships with clients.

 

Key Responsibilities

  • Manage a portfolio of trusts and estate clients to ensure that agreed timetables are being adhered to
  • Maintain accounting records for UK Trust and Estates
  • Responsible for all client and professional correspondence (written and telephone) e.g. HMRC, brokers, banks and lawyers ensuring highest professional standards are met
  • Prepare management accounts for clients when required
  • Prepare annual trust and estate accounts
  • Computation of taxes for all types of trust and estates including income tax, inheritance tax and capital gains tax
  • Completion and submission of income tax and inheritance tax returns
  • Review accounts and tax returns prepared by junior staff and advise on areas for improvement and problems encountered
  • Assist members of the team with advisory projects, including in the wider private client team
  • Delegate effectively to junior staff minimising the chargeable hours spent on routine return preparation without sacrificing standards
  • Attend client meetings and prepare documentation before and after, including minutes of meetings

 

Essential Job Functions

  • Good understanding of the taxation and other compliance requirements for UK and offshore trusts and UK charities
  • Works independently to manage day-to-day activities and is accountable for work produced
  • Plans tasks effectively and monitors assignment /case budget and timelines, advising manager and client of progress (as appropriate)
  • Managing own workload to ensure deadlines are met with accuracy

 

Person Specification 

Worked Based Competencies

  • Professional services or partnership environment in a similar role would be ideal
  • A good level of IT skills required, including knowledge of CCH and trust accounts, MS Office applications
  • One or more of ACCA, STEP or CTA qualifications should have been obtained or are being studied for

Behavioural Competencies

Excellent communications skills essential, being able to communicate with all levels externally and internally

You will also be:

  • A team player
  • Good at building effective relationships with colleagues and partners
  • Strong interpersonal skills with the ability to relate well with clients

Get in touch