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 […]
Healthcare and life sciences: why having an audit matters
For organisations in healthcare and life sciences, financial audits are more than a compliance exercise. They’re an opportunity to strengthen internal processes, build trust with stakeholders, and navigate the complexities of a rapidly evolving industry. Here, our audit team addresses why having an audit is crucial and how your organisation can benefit. Table of Contents […]
Your guide to the audit process: answering common questions
Audits play a crucial role in the financial health and integrity of a business. Whether you’re running a small start-up or a large enterprise, understanding audits can bring clarity and confidence to your financial operations. Gravita’s audit team answers some of our most frequently asked questions about audits. Talk to us Table of Contents What […]
Webinar recording: IR35: Update and Planning
We recently presented a webinar on IR35: Update and Planning. During this session, we cover: Latest tax news and developments relating to IR35 The steps you have to take, under the new regime, to ascertain whether the engagement is caught to IR35 The impact of recent IR35 cases The planning opportunities available The problems in practice, […]
Are you ready for the new company size thresholds?
Written by Audit Partner, Joseph Brewer 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? […]
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 […]
Gift your employees with a staff share scheme this Christmas
What better way to reward your employees with this Christmas than a share scheme. An employee share scheme allows staff to have a stake in the company they work for. Not only can they boost performance and morale, they also offer some tax advantages. Giving away shares in a company you have built can prove […]
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 […]