The cash flow of a performing arts organisation is always going to require careful management and manipulation. A bad debt, however small, can cause immediate problems for a small company. This ITC helpsheet provides legal and practical advice on how to tackle bad debts.
The UK benefits system provides a range of payments to assist parents, the sick and others. This helpsheet provides an overview of some payments that are paid directly by employers to employees and explains how (and when) they can be reclaimed.
On 6 April 1998 new rules concerning tax and National Insurance Contributions (NICs) on payments relating to travel on business (i.e travel, accommodation and meals) were introduced. This note sets out brief guidance on the travel rules, it has been checked and approved by the Chapel Wharf Inland Revenue office which has responsibility for the media and many theatre companies.
A few years back ITC staged a conference entitled “Living in Interesting Times”, since then the times have become steadily more and more “interesting”. The current economic climate means that public funding for the arts has diminished, charitable funds are over-stretched and the public probably can’t afford to go out as much.
It's time, it seems, for everyone to step back and think about change.
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