Not for Profit Update – May 2020

Welcome to the latest Not for Profit Update from MHA Carpenter Box.

In this issue, we continue to focus on the impact of COVID-19 and the related implications by highlighting useful resources and exploring the impact on financial reporting.

We also look at some important VAT considerations for charities that are in receipt of Government Funding grants such as the Job Retention Scheme. If your charity has a partial exemption VAT arrangement then this article is a must-read!

Additionally, we have highlighted some of the issues that charities are experiencing from their new working arrangements, for example GDPR, and some cautionary tales from a rise in fraud within the sector.

For further information contact Robin Evans, Head of Charities and Not for Profit on 01903 234094.