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On 27 March 2024, the Financial Reporting Council (FRC) introduced significant changes to FRS 102 to better align with international reporting practices and improve the quality of financial reporting. In this article, we’ll set out the updated guidance and provide practical advice to help property businesses adapt.
The long awaited exposure draft charity statement of recommended practice for 2026 (SORP) has finally landed, and with it comes a major change in the structure of how charities report in their accounts. Read more here...
The DfE released the new Academy Accounts Direction for 2024/25 on Wednesday 26 March 2025. We share our findings in this article. Read more here...
Award-winning accounting firm Price Bailey and Oliver Clive & Co announce their new partnership aimed at further strengthening their offering in London.
Employment Allowance allows eligible employers to reduce their annual National Insurance liability by up to £10,500 from 6th April 2025 (25/26 tax year). You can only claim against your employers’ Class 1 National Insurance liability. Academy trusts are eligible for Employment Allowance.
Investing in a racehorse syndicate is mainly a hobby for many people, with members joining for the enjoyment of ownership rather than financial gain, as the chances of making a profit are slim. While the experience can be exciting, understanding the UK tax implications will help you make informed decisions before getting involved. This article explores how HMRC treats racehorse syndicate investments, covering Income Tax, VAT considerations, and the treatment of winnings and losses.
Let's chat VAT - despite VAT being around for 50 years, many business owners are still confused about their VAT obligations. In this rolling series we consider some of our regular VAT queries and provide the answers to those frequently asked VAT questions. Read here about a current e-invoicing consultation.
Find out about Price Bailey’s recent senior-level promotions, with two new Senior Managers, supporting growth across our Strategic Corporate Finance and Business teams.
Managing a financial deficit within an academy trust is a complex challenge that requires strong financial oversight, careful planning, and clear communication. Ensuring financial stability is not just about addressing immediate shortfalls - it involves taking a long-term view of budgeting, forecasting, and governance to prevent future issues.
The Government has recently published proposed amendments to the Finance Bill 2024/2025, which include fundamental changes to the taxation of non-domiciled individuals. These amendments were debated and passed during the report stage of the Finance Bill on 3 March 2025. Find out more in our FIG regime update here...
Understanding how maternity, paternity and shared parental leave works is important for both employers and employees. Our infographics highlight the key information around leave entitlements, pay rates, and employer responsibilities...
Our research highlights the disconnect between UK Business Leaders and MPs on tax and policy reform. See how priorities vary across regions and what it means for business.