A charity chief executive has been disqualified from his role after an investigation uncovered “serious financial mismanagement” at the organisation.
According to new research, thousands of UK businesses could find themselves under scrutiny from HM Revenue & Customs (HMRC) for failing to follow new rules on keeping digital records.
More than half of organisations operating in the not-for-profit sector do not have a digital strategy, a new study has revealed.
Charity reporting and accounting “must be refocussed with the views and needs of the users of charity reports and accounts at its centre”, a review has concluded.
A treasurer who stole more than £270,000 from a charity has been jailed for three years, a report has revealed.
Making Tax Digital (MTD) was launched in April 2019 for VAT. Now, hundreds of thousands of VAT-registered businesses who are above the VAT threshold of £85,000 are recording and reporting their accounts digitally to HM Revenue & Customs (HMRC).
More people now say that they would be happy to leave a gift to charity in their Will, a poll has revealed.
The latest figures from the Department for the Environment, Food and Rural Affairs (Defra) show that UK farmers’ income decreased by 17 per cent last year and the sector’s contribution to the economy fell by six per cent to £9.6 billion. Moreover, Total Income From Farming (TIFF) decreased by 17 per cent to £4.6 billion.
HM Revenue & Customs has relaxed the rules and regulations around Making Tax Digital for fundraising events.
Legacy income has grown by some 1.8 per cent in the 12 months up to March 2019, new figures have revealed, indicating the importance of planned giving.