The Business Exchange Swindon & Wiltshire Edition 45: Oct/Nov 2019 | Page 12

FINANCE New Auditors appointed to Wiltshire Air Ambulance as the charity prepares for a BIG 2020! The team at Haines Watts Swindon are delighted to announce they’ve been appointed as auditors and advisors to one of Wiltshire’s most high-profile charities. Partner Sue Plumb, who specialises in working with charities and not-for-profit organisations for Haines Watts across the South West, has been working with the Semington-based organisation which is currently planning for a big year in 2020 – its 30th anniversary. Sue said, “It’s been fantastic getting to know the team at Wiltshire Air Ambulance and to work with them and support the vital work they do across our county. “We are on hand to provide advice and guidance on the ever- evolving laws and regulations of the sector and look forward to working with the charity ongoing.” Wiltshire Air Ambulance director of finance and compliance Danielle Friend said, “As a charity we have to raise £3.75 million each year to keep the helicopter flying and saving lives. We are not funded directly by government and receive no National Lottery grants, so rely solely on generous donations from the public. “Our independent auditors, Haines Watts in Swindon, who we began working with earlier this year, help to reassure those who donate that the charity has sufficient governance in place for both receiving and expending funds so we can continue our mission of saving lives across Wiltshire and surrounding areas.” The Wiltshire Air Ambulance team are planning a string of fundraising events and initiatives in 2020 to celebrate 30 years in operation. The need for its service is growing. In 2018, demand rose by 26 per cent with the team attending 1,103 incidents averaging around 21 per week. In the first seven months of this year, they have attended 811 incidents. The most common emergencies the air ambulance is called to are cardiac issues followed by road traffic collisions. Nationally, Haines Watts is a top 15 firm of Chartered Accountants who specialise in advising and supporting business owners, individuals and not-for- profit organisations locally and throughout the UK. The firm has been at the centre of the Swindon and West Wiltshire business communities for the last 25 years. Sue Plumb is based in the Haines Watts office in Old Town, Swindon. For more info: www.hwca.com [email protected] 01793 533838 Ask AMS Advice for small businesses AMS Accountancy Ltd. 01793 818400 Are there benefits in being VAT registered? 25% OFF FULL FIBRE CONNECTIVITY  All Swindon businesses that advertise with The Business Exchange are eligible for a 25% discount on CityFibre line rental. This discount is valid for the duration of any contract taken out with Excalibur. We are the only approved re-seller for CityFibre in Swindon and this offer is exclusive to businesses advertising with The Business Exchange in 2019. To find out more about full fibre visit... www.excaliburcomms.co.uk/cityfibre To claim your offer please email... [email protected] Offer valid until 30th November 2019. There are generally two reasons to register for VAT: Compulsory: When your sales exceed £85,000 in a 12 month period. Voluntary: If registering your business for VAT will be a benefit to you (that you can reclaim VAT paid on supplies and expenses). If you are VAT registered, you must also charge VAT to your clients. Simple when working for VAT registered clients but it can also be problematic. Example: A builder replaces a roof on a privately owned house. If he’s VAT registered, he can reclaim VAT he’s paid on supplies for the job. When billing customers, he will have to charge them VAT which they cannot claim back because they are not registered. If he’s not VAT registered, he cannot reclaim VAT on his supplies. However, his clients will happily also not have to pay VAT! Peter Bromiley ACA 80+ videos on @AMSAccountancy www.ams-accountancy.co.uk 12 www.tbeswindonandwilts.co.uk ‘AMS Accountancy’