11 June 2019 – Top 25 chartered accountancy firm, HW Fisher have announced today a new venture with strategic governance, risk and compliance consultancy, Compliance on Demand Limited which joins the HW Fisher family.
Q: What are the most common mistakes on tax returns?
The most common error is to show income after the deduction of agent’s commission and VAT. You should always show your gross income, before deductions, and make a separate claim for commission and VAT costs.
1. If you’re using a car for business purposes, it’s important to keep a log of business miles. If this isn’t possible all the time, it’s a good idea to keep a record for a representative period of three or four typical months to make an overall calculation from.
Identifying and dealing correctly with a potential conflict of interest within your charity is fundamental to its continuing operation and fundraising ability. It is vital that charity trustees have a clear understanding of the basic definitions of conflicts of interest and why they matter, particularly at a time of declining public trust in charities.