Forrester Boyd blogs

Academies – Are you compliant with the new Automatic Disqualification Rules?

16th August 2018

The Automatic Disqualification Rules for charities focuses mainly on bankruptcy and unspent convictions for crimes with an element of dishonesty or deception. These rules previously only applied to trustees to protect charities, including academies, from being run by inappropriate people. Being disqualified means that a person can’t take on, or stay in, an academy trustee position even on an interim basis, unless their disqualification has … Continue reading Academies – Are you compliant with the new Automatic Disqualification Rules? »

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Academies – Are you compliant with the new Automatic Disqualification Rules?

5 Ideas to motivate employees (without increasing pay)

27th July 2018

According to Richard Branson “clients do not come first, employees come first. If you look after your employees they will take care of the clients” Therefore if employees come first then every business should strive to get the most out of them and make them happy.  If there are ways these employees can be motivated which don’t involve increasing their pay, then they are surely … Continue reading 5 Ideas to motivate employees (without increasing pay) »

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5 Ideas to motivate employees (without increasing pay)

Related party transactions (or RPTs for short)

6th June 2018

When we carry out your period end audits one of the things we ask for is the Academy Trust’s Register of Interest forms. We sometimes ‘bug you’ for any interest forms that are missing. This is because it forms part of the basis for our testing on related party transactions. What is a related party transaction? Well, per the ESFA’s website it is the following; … Continue reading Related party transactions (or RPTs for short) »

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Related party transactions (or RPTs for short)

Google hardly pay any corporation tax, why do I?

29th May 2018

One of the questions we get asked most often by clients is about how much Corporation Tax they have to pay. For many people a trip to the accountants to discuss the year end accounts is associated with a tax bill so it’s a perfectly legitimate question! People’s frustration with having to pay tax on their company’s profits is often exasperated by media coverage of … Continue reading Google hardly pay any corporation tax, why do I? »

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Google hardly pay any corporation tax, why do I?

Tax – it’s no laughing matter. Avoid penalties!

15th May 2018

As we enter a new tax year it is worth remembering that your self assessment tax returns for the year ended 5th April must be submitted by 31st January next year to avoid penalties.  And if your return is significantly late these penalties can be severe: £100 fixed penalty initially, followed by £10 per day after 3 months up to a maximum of £900.  If your return … Continue reading Tax – it’s no laughing matter. Avoid penalties! »

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Tax – it’s no laughing matter. Avoid penalties!

Operating Leases vs Finance Leases at your Academy

15th May 2018

As you may be aware there are two types of leases; operating and finance. Sounds simple right? In principle it is, operating leases are allowed by the ESFA but finance leases are not as they are deemed to be a type of borrowing. However we are seeing more and more Academies enter into a finance lease without ESFA approval because they haven’t carried out thorough checks to … Continue reading Operating Leases vs Finance Leases at your Academy »

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Operating Leases vs Finance Leases at your Academy

‘Great’ Grimsby?

6th February 2018

You may have seen this article in The Guardian recently in which the author picks apart, quite comprehensively, the state of the economic situation in Grimsby and really tries to get to the (fish)bones of the issues surrounding the fall of the fishing industry and the supposed demise of towns reliant on such industries. Well I’m sorry to disappoint but to paraphrase Mark Twain I believe reports … Continue reading ‘Great’ Grimsby? »

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‘Great’ Grimsby?