The Swansea Bay Business Awards’ Post

For finance professionals... Great to receive the feedback below ⬇ on a new half day CPD trustee training course I delivered for SESCA Ltd to new and experienced trustees on *Charity Trusteeship: `getting It RIght For Finance Professionals*. Repeat dates to be announced soon, watch this space 👀 . "Superb training, thank you very much" "Many thanks Claris, informative and engaging 👏 👏 👏 " Next up with SESCA Ltd is a session for professionals who may be thinking about taking on their first trusteeship. In *Why Be A Trustee...* we will look at: *Why you might take on the role *What you might get out of it *What charities might be looking for *What will be expected of you *How to find the right role *Securing a trusteeship *How to know when it is time to leave Please share on with anyone who might want to find out more about charity trusteeship, before they take the plunge. Details and booking link below. https://lnkd.in/eaHw6hA4

Inheritance Tax (IHT) impacts estates over £325,000, with rates of 40% on death and 20% on certain gifts. A 36% reduced rate applies if 10% of the estate is left to charity. Executors must value estates and may need to file tax returns for the deceased and their estate. #InheritanceTax #EstatePlanning #TaxTips

Naz Afshar joined the firm in 2000 and became a partner in 2007. With over 25 years of experience, including her time as a tax manager at KPMG, she specializes in tax, accounting, and business consulting for small to mid-sized businesses, professional services, non-profits, high-net-worth individuals, and estates and trusts. ⚔️ What fictional place would you most like to go? Narnia. 💡 What’s the most ridiculous fact you know? In 1958 Richard Nixon smuggled a suitcase full of weed through the airport for Louis Armstrong. 🏔️ What would you rate 10 out of 10? Hiking on a glacier in Alaska. 🧑🍳 Among your friends or family, what are you famous for? Being a good cook.

B CORP ACCREDITATION // “It is an incredible achievement for everyone associated with the firm…the ranking not only puts us among the top ten UK law firms, but it also places us alongside some of the world’s largest and most responsible businesses.” Commercial law firm Square One Law | B Corp™ is celebrating an “incredible achievement” after achieving B Corp status. The accolade is given to organisations that meet high standards of verified performance, accountability and transparency across areas such as employee benefits, charitable giving and supply chain practice. The company, which has offices in Newcastle, Darlington and Leeds, achieved an overall score of 93 during assessment, a figure that put it well above the 80 pass mark score, placing it among the top ten ranked UK law firms. Read more from managing partner Gill Hunter on the accolade: https://lnkd.in/eKvNywA9 B Lab B Lab UK #NET #northeasttimes #businessnews #SquareOneLaw #lawfirm #BCorp #recognition #drivingconversations #makingconnections

As someone who has also worked in the fees space back in my years at the Ministry for the Environment, this has been a major milestone achieved in the Crown board appointments space for the Treasury. Achieving fairer remuneration for Crown board directors is tricky business as there are so many variables and interests to balance. Overall, this is a move in the right position as for many, it significantly lagged behind market rates, even when you account for a "public good" discount. #governance #remuneration #talent

Family businesses are built on shared history, trust, and a collective vision. However, these very qualities can also make them vulnerable to conflict if disagreements arise among family members. With the recent changes announced in the Autumn Budget in the UK and implications for inheritance tax purposes and the transfer of estates upon the passing of a shareholder it seems inevitable that there will be more share transfers taking place during the lifetime of the existing owners. This may create shareholders in family businesses earlier than the next generation were expecting and making sure that there are adequate protections and governance measures in place is therefore important. To that end, a well-drafted shareholders’ agreement is essential for safeguarding the business and ensuring its continuity. This legally binding document provides a clear framework for governance and decision-making, helping the business navigate complex situations effectively. https://lnkd.in/ePqpZ7e7

Incorporated Societies: Time to rattle your dags By April 2026 we need to have reregistered 24,000 existing incorporated societies. That is 20 months away. Reregistration began in October 2023. By 11 April we had reregistered 584. An additional 761 were reregistered by 31 July. Loosely speaking the current run rate is 200 per month. 24,000 less 1,315= 22,685 divided by 200 per month = 113 months to completion Target 20 months away The work needed for reregistration is not trivial. The accountancy and legal professions better ‘rattle their dags ’. https://lnkd.in/guGcQ3DC

Alloy Silverstein recognizes the particular needs faced by not-for-profits, including preparation and filing of Form 990, specific tax compliance and governance concerns, and transparent financial records. Learn more about our solutions for Not-for-Profits today on our website below. #AlloySilverstein #notforprofit #tax #compliance #charity #philanthropy

Alloy Silverstein recognizes the particular needs faced by not-for-profits, including preparation and filing of Form 990, specific tax compliance and governance concerns, and transparent financial records. Learn more about our solutions for Not-for-Profits today on our website below. #AlloySilverstein #notforprofit #tax #compliance #charity #philanthropy