Which VAT Rates To Use And When 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
Direct Conversion 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
Protecting Your Business From Fraud There should be a culture of control and fraud prevention embedded into the strategic and operational affairs of an organisation. Senior management and trustees create this culture and should lead by example in adhering to the organisation’s internal financial controls and good practice. The trustees should make sure that an annual review is conducted into
The Recipe For Successful Diversification This article is based on a keynote presentation I made earlier this year to the Westminster Media Forum. The presentation followed on from views I had shared in Arts Professional in response to an editorial piece they wrote in November 2016 “Winners and losers as arts organisations diversify income”. Given that many organisations need to diversify
Product Development Product development and fundraising play a significant role in the arts world, and some of that innovation and excellence was highlighted at the recent Emcees Fundraising Awards that we were pleased to support. The examples of fundraising showcased and stories told prompted me to reflect on the similarity and link between fundraising and developing new products and services.
We’re proud to announce that Mahmood Reza, Owner Manager of Leicester based Pro Active Resolutions has been invited to join some of the leading figures and heavy weights in the UK’s cultural scene to make a key note contribution on Cultural funding in England. The seminar is taking place on 27th April 2017 at The Westminster Media Forum, Whitehall, London.
Starting a business and the risks involved can sometimes put people off pursuing their dreams. However once you get that spark of inspiration, it’s hard to contain the excitement that comes with your plans of starting a new business. After all, this is something that will not only allow you to expand your income, it would also be the perfect
Becoming Self-Employed Registering as self-employed and running your own business can be extremely rewarding. However, being the captain of your own ship whilst losing the safety net of employment can be tough to balance. It comes about as a result of a conscious decision or a drift into it. In this blog we will share some thoughts based on our
Effective Business Networking Effective business networking can have a major impact on your business and with the New Year now upon us it’s an ideal time to look at how you’re going to attract new business and help put your profile out there. Networking is one way that can help you to achieve this. Effective business networking does not have
Managing Risks In A New Startup Deciding on a business startup is a becoming a more common decision these days, and as with most things “no risk, no reward.” However, if truth be told, not all startup risks are the same. In fact, a great deal of risks can be impacted on to increase the growth of the business or