shaw gibbs - accountants and business advisers
accountants & business advisers

Insights

Upcoming changes to FRS 102 and the impact on Charities SORP

Significant changes to financial reporting for charities are imminent as the Financial Reporting Standard (FRS) 102 undergoes revisions, directly affecting the Charities Statement of Recommended Practice (SORP). These updates, effective for financial periods starting on or after January 1, 2026, will introduce key modifications to how charities prepare their financial statements. With a focus on […]

May 19, 2025

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Charity banking challenges

The Charity Commission for Northern Ireland has commented on the Charity Banking Challenges 2024 report issued by NICVA which confirmed that banking issues remain a major concern for charities. Many organisations continue to face difficulties such as long delays in opening accounts, unexpected account closures, and inadequate customer support. Key challenges and issues with charity […]

May 14, 2025

New company size thresholds

The UK has updated company size thresholds from April 6, 2025, reducing reporting burdens. More businesses qualify for simplified reporting and audit exemptions, but factors like group audit rules, lease accounting changes, and IR35 compliance remain important. Alex Smith, Senior Accounts Manager in his recent article, explains further….

May 8, 2025

The Spring Statement 2025 and the charity sector

The Spring Statement 2025 has left the charity sector disappointed, with many organisations expressing concerns about the lack of targeted support amid ongoing financial pressures. Although the Chancellor announced various economic measures, there were no significant provisions to address the challenges facing the voluntary sector, causing many to worry about the future sustainability of charities. […]

May 7, 2025

Company secretarial support that evolves with your needs

In our latest article, learn how outsourcing company secretarial services can enhance compliance, efficiency, and cost-effectiveness while ensuring data security and confidentiality.

April 16, 2025

Are you ready for making tax digital in 2026?

Making Tax Digital is fast approaching, and we have been busy preparing for the big changes coming to self-employed individuals and landlords. We dive into what these changes will mean…

April 7, 2025

The taxation life of an influencer; free gifts and fancy hotel stays, but at what cost?

We’ve all seen the posts: influencers lounging at luxury hotels, sporting the latest fashion, or unboxing the trendiest tech gadgets – all in exchange for a quick social media shoutout. It looks like a dream come true, doesn’t it? A glamorous lifestyle where you get all the perks without paying for them, right? Well not […]

April 3, 2025

Key changes to National Insurance Contributions

In the October 2024 budget, key changes to National Insurance Contributions (NICs) were announced which will take effect from 6 April 2025. Employees will not see a change in their NICs bill from April 2025 but the same cannot be said for employers. Until 5 April 2025, employers have generally paid Secondary Class 1 NICs […]

April 1, 2025

Shaw Gibbs appoints Angus MacGregor as Chief People Officer

Shaw Gibbs is delighted to announce the appointment of Angus MacGregor as Chief People Officer (CPO). Angus brings a wealth of experience from three decades in the financial services and legal sectors as both a legal and HR professional. Angus’ passion is developing talent management and people strategies that deliver rewarding careers which are aligned […]

April 1, 2025

Spring Statement 2025 – A decade of economic renewal

The chancellor Rachel Reeves delivered her 2025 Spring Statement outlining key fiscal measures focused on growth and stability. While avoiding major tax changes, she confirmed cuts to welfare, civil service reductions, and increased defence spending. Find out more…

March 27, 2025

What our clients say

  • I have been a client of Shaw Gibbs since the 1960's and have always found a professional but friendly response from the partners or staff

    I have been a client of Shaw Gibbs since the 1960's and have always found a professional but friendly response from the partners or staff

    Richard Preston

  • Thank you for being such a great partner in building our business!

    Thank you for being such a great partner in building our business!

    Oege de Moor - CEO, Semmle

  • Experience, expertise and support was not only invaluable from a financing perspective, but also in assisting us to determine the future strategy.

    Experience, expertise and support was not only invaluable from a financing perspective, but also in assisting us to determine the future strategy.

    Charles Parry – John Parry Estates Ltd

  • Shaw Gibbs’ service provides timely expertise at a reasonable cost

    Shaw Gibbs’ service provides timely expertise at a reasonable cost

    OATS Limited
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