Category Archives: Not For Profit Organisations

Cost Type: Direct & Indirect

Cost Type: Direct & Indirect

Accountants classify cost as either direct or indirect. Differences between direct and indirect costs It is important to know the difference as this helps when it comes to: Pricing of goods and services Business Planning Controlling costs Understanding profitability of customers, products and services Improving efficiency Direct cost This refers to cost related to the production of products.  Below are

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NFP And Private Businesses

NFP And Private Businesses

NFP does not = Not for Business. All Businesses Count We are fortunate to work across business sectors, and consequently have a wealth of knowledge and experience of the private and not for profit. Businesses are typically classified as private or not for profit (NFP), not for profits typically include many art organisations, charities, Community Interest Companies (CICs) and social

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Healthy Business, Healthy You

Healthy Business, Healthy You

Getting a Healthy Business is Like getting a Healthy You A healthy business is what we strive for. This blog will outline a five point approach for getting and improving business health, and how the approach has a lot in common with getting and improving personal health. Firstly, Objectives: It’s important to have objectives, for improving our personal health one

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Manage What You Measure

Manage What You Measure

Take charge of the numbers What gets measured, gets managed. This phrase was coined by Peter Druker, the ‘father of modern management’, way back in the early 1950s. We still referred to him all these years later. It becomes challenging to know how our business is doing, our progress to our objectives, what we are doing right unless we are

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Happy Monday, Happy Accountants – Happy Animals!

Happy Monday, Happy Accountants – Happy Animals!

Happy Animals – We are happy to see our Animal Charity Drive continues to grow in 2019. We are also happy that the Tax Return Season has ended! We’re now getting on with many other aspects of our business. For those of you that know us we are not your “common garden accountants”. We like to go the extra mile

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A BIG THANK YOU re our successful charity drive

A BIG THANK YOU re our successful charity drive

Here at Pro Active, Scampi and the team would like to say a BIG thank you to all you kind animal lovers out there that donated to Scampi Claws Christmas Charity Pet Drive at Christmas. It grew from a small idea amongst the Pro Active team to something much bigger. We thought it was a great way to show we

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Scampi’s Christmas Charity Pet Drive 2018 & beyond….

Scampi’s Christmas Charity Pet Drive 2018 & beyond….

Help put a smile on an animal’s face this Christmas All of us here at Pro Active are animal lovers (and we know we’re not alone on this) so we put our thinking caps on to come up with ideas of how we can help some of them on the lead up to Christmas and beyond….  Our Chair Cat

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Accounting for the modern age

Accounting for the modern age

Accounting for the modern age, a cloud-based accounting system. Allowing you to manage your financial information more efficiently and cost-effectively. Financial and business information plays an integral role in the management of arts businesses. It is used for many day-to-day operations: to comply with accounts, tax, PAYE and VAT obligations; to tell us about levels of cash, income, costs, debt

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VAT Rates And Charities

VAT Rates And Charities

VAT is a tax that affects charities and arts organisations, and not just private business. This blog will look at the principles of VAT and how it directly affects arts charities, many of whom struggle when deciding which VAT rates to use for different goods and services. VAT registered businesses charge output VAT on the products and services they supply

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Direct Conversion: The Arts & Charity Sector

Direct Conversion: The Arts & Charity Sector

This article explains the different charity structures and the process of direct conversion. Charities in England and Wales join Scotland in being able to convert directly to a charitable incorporated organisation. Charitable incorporated organisations (CIOs) have been in existence since 2013. A CIO is one of the four types of legal structures that are available to charities, the other three being

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