ISA 600 (Revised): what it means for group audits
04/02/2025 Written by Audit Partner, Jenny Cessini ISA 600 (Revised) is effective for audits of financial statements commencing for periods on or after 15 December 2023. For most companies, this means the new standard will apply for the first time to financial year-ends on 31 December 2024. The revisions bring significant changes, with a […]
Stamp Duty Land Tax (SDLT): Where are we now?
03/02/2025 The higher rates of SDLT relating to the purchase of second homes and rental properties were increased from 3% to 5% from 31st October 2024. Table of Contents Normal mainstream SDLT rates re purchasing residential property from 31st October 2024 Property Cost SDLT Rate Up to £250,000 Zero £250,001 to £925,000 5% £925,001 to […]
Check your state pension forecast
30/01/2025 Written by Tax Consultant, Tim Palmer If you have gaps in your national insurance payments dating back to 2006, you can go online to see if you need to make additional contributions, to secure a full state pension. You can use the new HMRC online tool to check your state pension forecast, which […]
Heather Swanston appointed as Chair
It’s an exciting time to be at Gravita. With the accounting market rapidly evolving, we’re growing at pace to ensure we can stay ahead of the curve. As such, we’re thrilled to announce that Heather Swanston, seasoned former pwC Partner, joins Gravita as Chair. Heather brings several decades of experience at Partner level, joining […]
Gravita’s year end personal tax planner 2024-25
28/01/2025 Get ahead with Gravita’s comprehensive guide to the 2024-25 tax year. This guide is designed by our expert private client team to help you make informed decisions before the end of the tax year. What’s inside: Personal Income Tax: What are the latest rates and allowances, and how do they apply to you? […]
Charities: Why Having an Audit Matters
22/01/2025 For charities, financial audits are more than a regulatory obligation. They’re a chance to build trust, improve operations, and demonstrate accountability to stakeholders. Gavita has a dedicated charity audit team, Here, we explain why having an audit can be a powerful asset for your charity. Table of Contents Why should charities prioritise having a […]
The role of audits in the property sector
22/01/2025 The property sector operates within a highly complex and regulated environment. With large financial transactions, intricate ownership structures, and stringent compliance requirements, audits play a critical role in maintaining transparency, ensuring accuracy, and fostering trust among stakeholders. Here, our audit team explores the significance of audits for the property industry and highlights how they […]
The role of audit and assurance in the financial services sector
20/01/2025 Audits are a cornerstone of the financial services sector, ensuring transparency, compliance, and trust in an industry where accuracy and accountability are paramount. Drawing on Gravita’s vast experience in audits in the financial services sector, this article explores why audit and assurance are essential for financial services firms, the challenges they face, and […]
The new Employers’ NICs rates – how will they impact your business and your people management strategy?
Written by Accounts Partner, Jen Sewell In the 2024 Autumn Budget, the government announced that the following changes would come into force from 6th April 2025 for Employer’s NIC: A decrease of the Secondary Threshold from £9,100 to £5,000 from which Employers NIC is calculated An increase in the Class 1 NICs rate from 13.8% […]
What tech companies need to know about having an audit
For technology companies, having a financial audit isn’t just about compliance—it’s a strategic tool that can drive growth, build investor trust, and identify key opportunities for improvement. Here, our audit team highlights why audits are vital and how they can benefit your tech business. Table of Contents Why should tech companies prioritise having a financial […]