Charity Finance Audit Survey

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Charity Finance Audit Survey

We are delighted to have come out on top for expertise in the charity sector with 100% of our clients rating our charity expertise as good. We also ranked in the top 5 for overall service in the Charity Finance Audit Survey this year. Huge thanks to our clients who participated in the survey!

Budget response from Sayer Vincent

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Budget response from Sayer Vincent

Gift Aid donor benefit rules

As announced at Autumn Budget 2017, the government will legislate in ‘Finance Bill 2018-19’ to simplify the donor benefit rules that apply to charities that claim Gift Aid tax relief on donations. Currently there are a mix of monetary and percentage thresholds that charities have to consider when determining the value of benefit they can give to their donors in consequence of a donation on which Gift Aid can be claimed.

These will be replaced by two percentage thresholds:

the benefit threshold for the first £100 of the donation will remain at 25% of the amount of the donation
for larger donations, charities will be able to offer an additional benefit to donors up to 5% of the amount of the donation that exceeds £100
The total value of the benefit that a donor will be able to receive remains at £2,500. Four extra statutory concessions that currently operate in relation to the donor benefit rules will also be brought into legislation.

A summary of responses to a consultation on simplifying the Gift Aid donor benefit rules will be published on 1 December 2017.

The changes will have effect on and after 6 April 2019.

Helen Elliott, Sayer Vincent commented:

“We have been awaiting the outcome to the donor benefit consultation for some time now. The good news is there is a long lead time before implementation and this is better for donations of between £500 and £1,000. But the bad news is that the benefits permitted between £100 and £500 drop from £25 to just 5% of the donation – so between £5 and £25.”

VAT registration threshold

In response to the Office of Tax Simplification’s report Value Added Tax: Routes to Simplification, the government will consult on the design of the threshold, and in the meantime will maintain it at the current level of £85,000 for two years from April 2018.

Helen Elliott commented:

“There had been rumors that the threshold would be dropped to half or even a quarter of the current level so that many more small businesses were required to register this is a relief as a it would have had a huge administrative burden on many charities not currently registered for VAT.”

Click here to read the full Autumn 2017 Budget blog by CFG.

New handbook for charity treasurers

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New handbook for charity treasurers

We have joined together with the Honorary Treasurers Forum to create a new and updated version of Honorary Treasurer’s Handbook, to coincide with Trustees’ Week. The Handbook first produced ten years ago, offers advice, information and support for charity treasurers, finance directors and board members on how to strengthen their financial accountability.

Click here to download your free copy of the Honorary Treasurer’s Handbook.

8 top reasons to attend this year’s Charity Accountants’ Conference

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8 top reasons to attend this year’s Charity Accountants’ Conference

The Charity Accountants’ Conference is back in Nottingham this year! You can now view the conference programme and book your place here.

The conference will include a broad range of sessions delivered by experts from Sayer Vincent, Directory of Social Change, VWV Solicitors and guest speakers from the charity sector including ACEVO, Charity Commission and the Institute of Fundraising.

Click here for 8 top reasons why you should sign up for this year’s Charity Accountants’ Conference.

Sayer Vincent wins Better Society Accountancy Company of the year award for the third year running!

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Sayer Vincent wins Better Society Accountancy Company of the year award for the third year running!

We are delighted to have won the Better Society Accountancy Company of the year award for the third year running!

For over 30 years we have had a clear focus on working with charities and social enterprises in order to help them become more effective. We are glad to be recognised for our work in these awards that celebrate the efforts organisations make to create a better society.

Click here to view the full list of award winners.

Charity Accountants’ Conference – book your place now!

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Charity Accountants’ Conference – book your place now!

The Charity Accountants’ Conference is back in Nottingham this year! You can now view the conference programme and book your place here.

The conference will include a broad range of sessions over 24 workshops on topical issues. Sessions will be delivered by experts from Sayer Vincent, Directory of Social Change, VWV Solicitors and guest speakers from the charity sector. More information on this can be found in the conference brochure which can be downloaded here.

We’ll also be offering expert advice surgeries – optional individual 15 minute drop in sessions where you can receive answers to your questions. Early bird rate available on residential bookings until 3 July!