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By Steve Williams

4th December 2025

How will Charity SORP 2026 impact your charity?

The new Charity Statement of Recommended Practice (SORP) has now been published and will take effect for accounting periods starting on or after 1 January 2026. For many organisations in the sector that have March year ends, this means the changes will first apply to accounts prepared in 2027, and charities will need to ensure they are ready.

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By Steve Williams

3rd December 2025

Will my charity require an audit?

Proposed changes to increase audit thresholds for charities in England and Wales have moved a step closer, meaning fewer charities will require a full audit and could elect to move to an independent examination.

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Construction workers on scaffolding

By Armstrong Watson

1st December 2025

Survey reveals vulnerabilities in construction sector as industry faces high insolvency rates

Research by Armstrong Watson has highlighted significant challenges facing family-owned and owner-managed construction businesses, as the sector experiences the highest insolvency rates of any UK industry.

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New financial planner

By Armstrong Watson

1st December 2025

Financial adviser joins Armstrong Watson in Hexham

Armstrong Watson is delighted to announce the appointment of Jacob Proudfoot to its Hexham office, where he joins the firm’s growing Financial Planning team.

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By Dan Cozens

1st December 2025

Capital Gains Tax and Inheritance Tax on agricultural land and farms

Selling or transferring agricultural land and farms can have significant tax implications, particularly concerning Capital Gains Tax (CGT) and Inheritance Tax (IHT). Following increased CGT rates and major IHT reforms announced in the 2024 Autumn Budget, and a further amendment in the 2025 Autum Budget, it is important to consider the current rates and the implication of future increases.

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Jar of hearts

By Ann Probert

28th November 2025

Practical solutions for charities in financial distress

Mergers within the charities sector continue to rise. According to data collected by the Charities Commission, mergers have increased over the last three years.

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GP giving advice

By Morag Miller

28th November 2025

GPs face wide-reaching impact of the 2025 Budget’s ‘small’ tax changes

Nasty surprises were anticipated in the 2025 Autumn Budget, with every potential UK taxpayer bracing themselves for what they felt would only be bad news.

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Shopping black friday on laptop with safety notification

By Rebecca Wilson

27th November 2025

Black Friday: how businesses can protect their customers from cyber scams

New figures from GCHQ’s National Cyber Security Centre (NCSC) and Action Fraud have revealed rising losses to online scammers during the festive shopping season.

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digger

By Michael Morris

27th November 2025

VAT Rules for Construction: Zero-Rate, Reverse Charge, and Avoiding HMRC Penalties

VAT rules in construction are complex and it’s vital that building and construction companies are aware of the VAT liability of their supplies, and any associated VAT reclaim criteria on costs. From zero rated VAT to the Domestic Reverse Charge, it’s important to understand what rules apply when for specific projects.

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By Graham Poles

26th November 2025

Budget 2025: Personal & Inheritance Tax Changes

The freeze continues as widely expected, the Chancellor, faced with a black hole in the public finances, has chosen to freeze income tax thresholds beyond April 2028, when they were due to start to increase. However, she went beyond the expectations of many and has decided that the thresholds should remain frozen for the following three years, meaning there will be no increase until April 2031.

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