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Excel Spreadsheet Printouts
Excel is a great piece of software for a treasurer to use to keep track of their accounts.
BUT – can you print out a hard copy for your accountant without having to stick many pages together?
If you need help to achieve a workable spreadsheet system, then look out for our training courses.
Some comments from previous participants:
It was very useful and informative
Good handouts
Everything was explained very well
The tutor was very informative and knowledgeable
I learned some useful keyboard shortcuts
Contact us here if you would like to be put on the waiting list for the next course in September
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Changes to Audit Thresholds for Charities
Audit or Independent Examination of Accounts?
Except for NHS charities, only those charities with gross income of more than £25,000 in their financial year are required to have their accounts independently examined or audited – below that threshold, an external scrutiny of accounts is only needed if it is required by the charity’s governing document.
The thresholds have been increased from 31st March 2015. An independent examination is needed if gross income is between £25,000 and £1 million and an audit is needed where the gross income exceeds £1 million.
More details can be found in this Government document
Charity Reporting and Accounting: the essentials March 2015
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National Minimum Wage Changes
Minimum Wage rates are set to rise in October
Rates are as follows:
Old Rate Rate from 1st October 2015
For Adults (over 21) £6.50 £6.70 Development Rate for age 18 to 20 years
£5.13 £5.30 For age 16 to 17 years
£3.79 £3.87 Apprentice Rate £2.73 £3.30 -
New Tax Codes for the New Tax Year
Tax codes for this new tax year beginning 6th April 2015 will increase by 60 if you have a tax code ending in L
(eg if your tax code was 1000L for the tax year ending 5th April 2015, your new tax code for this year will be 1060L)
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Payroll Year End Declarations
Payroll Year End – 19th April 2015 deadline
Don’t forget, you must submit your end of year declarations to HMRC no later than 19th April 2015.
If you need help or advice on this, please contact us here
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From the Pensions Regulator
ACT NOW!
The law on workplace pensions has changed. Every employer with at least one member of staff must automatically enrol those who are eligible into a workplace pension scheme and contribute towards it.
The pensions regulator will send a series of communications about these new legal duties, so you need to nominate a member of staff to be the contact person by 30th April 2015.
Go to http://www.tpr.gov.uk/letter for all the details
If you fail to comply with your duties you could be fined and/or prosecuted
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Bank Holiday Closing Dates
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Tax and National Insurance Thresholds 2015/16
BANDS OF TAXABLE INCOME AND CORRESPONDING TAX RATES 2014/15 2015/16 Basic Rate 20% 20% Higher Rate 40% 40% Basic Rate Band £0 – £31,865 £0 – £31,865 Higher Rate Band £31,866 – £150,000 £31,866 – £150,000 Personal Allowance £10,000 £10,600 NATIONAL INSURANCE CONTRIBUTION THRESHOLDS Weekly Lower Earnings Limit(Below which earnings do not accrue entitlement to SSP, SMP, and SPP) £111 £112 Weekly Primary Threshold £153 £155 Weekly Secondary Threshold £153 £156 Weekly Upper Earnings Limit £805 £815 NATIONAL INSURANCE RATES Employee (Primary) Employer (secondary) Weekly earnings Ni Rate (%) Weekly earnings Ni Rate (%) Below £112 (LEL) 0 Below £156 (ST) 0 £112 -£155 (PT) 0 Above £156 (ST) 13.8 £155 – £815 (UEL) 12

