Forrester Boyd news

Academy Trust Financial Returns 2017 to 2018

18th August 2017

The EFSA released the Academies Financial Handbook at the beginning of the month however there have been many other updates in the past month which are also useful for Academy Trusts and are summarised as follows; Academy trust financial returns 2017 to 2018 Peter Lauener, Chief Executive of the Education and Skills Funding Agency, has written a letter to academy trust accounting officers which sets … Continue reading Academy Trust Financial Returns 2017 to 2018 »

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Academy Trust Financial Returns 2017 to 2018

Our Academies’ team has been shortlisted!

18th August 2017

Following our success in winning the Large Practice of the Year award at the 2016 Practice Excellence Awards in London’s Mayfair we are delighted to announce that Forrester Boyd’s Academies’ team has been shortlisted for the specialist team of the year for the 2017 awards. Getting shortlisted for national awards two years running is a fantastic achievement and is further testament to the expertise and … Continue reading Our Academies’ team has been shortlisted! »

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Our Academies’ team has been shortlisted!

The Death of Self-Assessment?

16th August 2017

One part of the HMRC’s Making Tax Digital project that will continue is the objective of bringing together each individual taxpayer’s information in one online place – a Personal Tax Account. For example, banks and building societies will, from April 2018, be required to report information to HMRC earlier and more frequently, than currently. This information will then feed into a Personal Tax Account and … Continue reading The Death of Self-Assessment? »

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The Death of Self-Assessment?

Introduction of cash accounting for property rental businesses

15th August 2017

As part of introducing Making Tax Digital (MTD) there were proposed amendments to the way that unincorporated property rental businesses account for their income and expenditure. These proposals will make cash basis accounting the default option for smaller unincorporated property businesses unless they elect to use the accruals basis. Smaller is likely to be defined as total income of less than £150,000. The cash basis … Continue reading Introduction of cash accounting for property rental businesses »

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Introduction of cash accounting for property rental businesses

Making Tax Digital for Business

10th August 2017

Over the past few months we have published a lot of information about Making Tax Digital (MTD) and how it might affect businesses and individuals.  Following speculation, a budget, a general election and more speculation new proposals have now been issued.Over the past few months we have published a lot of information about Making Tax Digital (MTD) and how it might affect businesses and individuals.  … Continue reading Making Tax Digital for Business »

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Making Tax Digital for Business

Academies Financial Handbook

4th August 2017

Yesterday the ESFA released the Academies Financial Handbook which takes effect from 1 September 2017. Please ensure you take a look at this to ensure you are aware of any changes in regulation and ensure it is circulated to Trustees and the Accounting Officer. Key changes are summarised on pages 5 and 6. The emphasis this year really appears to be on strong governance, with … Continue reading Academies Financial Handbook »

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Academies Financial Handbook