News

The results of the Charity Commission 2021 Covid-19 Survey indicated that 49% of charities have lost income from fundraising activities, whilst 35% have lost income from trading and other income sources.

A regional firm of chartered accountants which has a leading team of rural and agricultural specialists has been named one of the best rural businesses in the UK after winning a category in Rural Business Award.

As we approach the festive season, one question we are commonly asked is what the tax implications are to gifts we provide to our staff.

Fourteen trainees have been welcomed at the Norwich office of chartered accountants and financial planners Lovewell Blake, part of a cohort of 23 trainees who have joined the firm across its seven offices in Norfolk, Suffolk and Cambridgeshire.

HM Revenue & Customs (HMRC) have recently announced a change to their policy and approach in respect of dentistry and self-employed status for associates.

In 2012, due to concern that the UK population weren’t taking adequate measures to save for their retirement, the Government took the radical measure of introducing auto-enrolment.

Launched on 6 April 2021, the Recovery Loan Scheme (“RLS”) provides financial support to businesses across the UK as they recover and grow following the coronavirus pandemic. The British Business Bank announced in late October that £1.06 billion has been offered through almost 6,200 facilities to smaller businesses across the UK, with £822.8 million drawn down through the scheme.

Charities need to be extra vigilant against fraud, with the continuing pandemic and the accompanying tough economic times leading to an increased risk of such organisations being targeted, says Rebecca Frost of Lovewell Blake’s specialist Charity team.