Article Category: Audit & Assurance
Income recognition on commercial contracts Updated FRS 102 and Charity SORP (2026)
16th December 2025
The updated FRS 102 introduces, for the first time, an overarching methodology for the recognition of commercial income (income from contracts with customers) and brings FRS 102 into line with IFRS 15.
Charities SORP (October 2025) – The Key Changes
16th December 2025
The updated Charities SORP, which was issued in September 2025, includes a number of significant accounting and reporting changes which charities will need to carefully consider during 2026.
Lease accounting – The new regime
13th December 2025
The updated FRS 102 (September 2024 version) comes into effect for accounting periods commencing on or after 1 January 2026. We take a look at one of the main changes happening regarding lease accounting requirements.
The Autumn Budget 2025: Effect on the Charity Sector
27th November 2025
The Chancellor presented the Autumn 2025 budget yesterday after weeks of speculation, and many of the announced changes were in line with expectations. Take a look at the key items that may affect charities
Private Schools: Changes to VAT and Business Rates Relief
28th August 2024
HMRC has published guidance for private schools on the implications of charging VAT on fees, and changes to business rates relief. We bring you an overview of the proposed changes to be implemented in January 2025.
Companies House Reform
5th February 2024
The Economic Crime and Corporate Transparency Act, which became law on 26 October 2023, has introduced significant changes to the way Companies House will operate. Read on to get prepared.
Charities Act 2022
11th May 2022
The Charities Bill received Royal Assent and passed into law as the Charities Act 2022 in February, with the primary objective of reducing the administrative burden on charities. The provisions of the Act are due to be implemented in a phased way over a period of 18 months. We take a look at the key changes and guidance for Charity Trustees.
Social Housing Sector Update
1st March 2022
A roundup of the latest issues impacting the social housing sector including forthcoming reporting updates and changes to government legislation
Charity Sector Technical Update – November 2021
29th November 2021
Catch up on the latest charity guidance, including draft amendments to the Charities Bill, Investing Charity funds, the Charity Governance Code, and the new consultation framework for the Charities SORP.
Making Tax Digital – Soft Landing Period for Digital Links has now ended
29th March 2021
The Making Tax Digital soft landing period for digital links has now ended meaning that VAT returns for periods commencing on or after 1 April 2021 must be submitted, to HMRC, with digital links in place. We look at the steps you need to take for MTD compliance.
