Are you ready for the new company size thresholds?
The UK’s corporate reporting landscape is about to undergo a major shift. With new regulations set to increase company size thresholds starting 6th April 2025, businesses must prepare for the ripple effects. Here’s what you need to know and how your company can navigate the change. What’s changing? In October 2024, the government confirmed […]
Charities – income and setting up a trading subsidiary
What’s the issue? Lots of charities carry out some sort of trading (ie selling goods or services) to help raise funds to pursue charitable objectives. A charity might sell items in a gift shop or rent rooms in its property, for example. The problem is that, unless this is monitored carefully, profits earned from trading […]
MIFIDPRU: Does my FCA firm require an audit?
Is your organisation registered with the Financial Conduct Authority (FCA)? And does it fall within the definition of a MiFID investment firm? If so, you should be aware of the MIFIDPRU regulations and the potential impact on your organisation. To cut to the chase, under MIFIDPRU, there may be a requirement for your firm […]
Seasonal opening hours
We would like to take this opportunity to thank you for being part of our journey throughout the year and wish you all the best over the festive season. We thoroughly appreciate your custom and loyalty, and we look forward to working with you throughout 2024. Our office hours for our main switchboard and […]
IR35: Where are we now?
11/12/2024 Written by Tax Consultant, Tim Palmer The government introduced the ‘Intermediaries Legislation’ in the year 2000. It is commonly known as ‘IR35’. In very general terms, IR35 will be in point where for example, Fred is working regularly for the Bovit Group via his personal service company, Fred Limited. Bovit Group → Fred Ltd […]
Gravita’s Budget Webinar summary
Last week, we hosted Gravita’s Budget webinar where we shared insights from the first Labour Budget, focusing on key areas of interest including succession planning, replacement of the non-dom regime, exit strategies, and inheritance. For those with business interests, shares, or property assets, the evolving landscape has introduced significant complexity. Additionally for those who are […]
Gravita adds some Oxford excellence as we welcome Critchleys
We’re delighted to announce that Oxford-based firm Critchleys has joined Gravita. If you’re a Critchleys client looking for your portal, visit our useful links page. From our earliest conversations, it was clear that we had found kindred spirits in the Critchleys team. Just like us, they love working with innovative businesses and are committed to […]
Critchleys joins challenger firm, Gravita
Critchleys joins Gravita, who are transforming how growth businesses in the UK receive accounting services For well over a century, Critchleys has been recognised as one of the leading accountancy firms in Oxford, working with individuals, businesses and charities. Critchleys has found kindred spirits in Gravita, and as a top 30 accountancy firm, we share the […]
Case study: Driving growth and profitability with Shift6
Driving Growth and Profitability Through Outsourced Financial Expertise Shift⁶ founder Edwina Eddleston partnered with Gravita for monthly bookkeeping, VAT returns, payroll and management accounts. She streamlined her PR business’s financial operations, supporting growth and profitability before working with Gravita for a seamless exit. The Shift⁶ Story Seven years after founding PR agency Shift⁶ in 2017, […]
Allocation of tips for staff – what’s changed?
Effective from 1st October 2024, a new law under the Employment (Allocation of Tips) Act 2023 will transform how tips are distributed in various industries across England and Wales and will impact the hospitality, leisure and service sectors predominantly. Previously, some business owners were able to withhold tips, using them to reinvest in their business, […]