Accounting Archives - Newby Castleman

29th September 20258th October 2025

Important changes: Companies House identity verification

3 minutes to read From 18 November 2025, changes are being introduced by Companies House as part of the Economic Crime and Corporate Transparency Act 2023. These changes aim to enhance corporate transparency and combat economic crime by requiring all directors, People with Significant Control (PSCs), and those filing on behalf of companies to verify their identities with Companies …

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3rd March 202515th July 2025

Cash basis v. accruals accounting?

3 minutes to read Most unincorporated businesses have now fallen into the cash basis method for calculating their profit and loss rather than the traditional accruals basis. The change took effect on 6 April 2024, so the cash basis becomes the default method for the 2024/2025 tax year. Pros and cons Accruals The accruals basis is more complex, but …

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25th January 20239th February 2023

Charity and not-for-profit accounting

< 1 minute to read We are specialist charity accountants, auditors, and examiners. Our latest Charity News report includes the accountancy support available for the not-for-profit sector after the autumn budget. We consider the impact of recent legislative, reporting and tax developments to give you the latest guidance. Charities and the cost of living crisis Maintaining income levels is a …

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