Why is property underinsurance often an overlooked risk for charities? A big part of the problem is not knowing what the insurance value should be. We often see charities insuring buildings for the market value, when in fact it should be the total re-build value, including materials, labour and any extra associated costs. Our article takes a look at what it means to be underinsured, and how you can manage it. https://lnkd.in/eWvm8sSw
Daniel Lacey’s Post
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If you tried to register for the webinar using the link in my previous post and it didn’t work, please try the link in Jennifer’s post below. Apologies for the inconvenience
You still have time to register for our Australian Taxation Office and ACNC webinar happening tomorrow, 23 April 2024. Join me and Natasha Sekulic from Australian Charities and Not-for-profits Commission and Nunzio Giunta from Giuntabell as we talk through the new NFP self-review return and what to do if you discover your NFP is charitable. Register here https://lnkd.in/gj8k_DTr #atonfpcentre #SAITE
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We often find that Trustees of Charities put their cash with just one bank who offer the best rate. That can cause a risk in terms of the Financial Services Compensation Scheme (FSCS). Also you might not be getting the best rate as rates change all the time. We are advising charities on how they can restructure their cash savings to maximise the overall return, monitor this so you don't miss out on better rates and give the security of not being exposed to FSCS. Find out more at help@amstrongwatson.co.uk
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It's surprising how few charities I come across are using cash platforms - a great way to invest surplus cash either held for a longer period, or even just temporarily where large amounts of funding are received in advance of expenditure. Our financial planning team can offer advice on how best to do this.
We often find that Trustees of Charities put their cash with just one bank who offer the best rate. That can cause a risk in terms of the Financial Services Compensation Scheme (FSCS). Also you might not be getting the best rate as rates change all the time. We are advising charities on how they can restructure their cash savings to maximise the overall return, monitor this so you don't miss out on better rates and give the security of not being exposed to FSCS. Find out more at help@amstrongwatson.co.uk
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Considering leaving a legacy to charity while also providing for loved ones and saving on taxes? A Charitable Remainder Trust (CRT) could be the solution you're looking for. Our latest article breaks down the workings of CRTs, including CRATs and CRUTs, and introduces a new qualified charitable distribution option. Learn more about this powerful estate planning tool: https://ow.ly/JrJv50RWoG1 #CharitableRemainderTrust #EstatePlanning #LegacyGiving #VasquezInsights
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Charities rely on donations to fund their activities, and if something happens to disrupt this, this could be devastating. Charity insurance covers: ✅Business interruption ✅Fidelity guarantee ✅Contents and stock Not sure what cover you need? Give us a call for a free insurance quote today! Contact us on: ☎️01482 968115 #charityinsurance #eyib #insurancecover #businessinterruption
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“As a growing charity we need advice on a regular basis, but as a charity we want to ensure that our financial resources go towards our charitable objectives. Carbon Accountancy provides us with a cost effective solution – they haven't charged us a penny in over five years!! On top of that they are easy to deal with and turn things around quickly.” | Carmel McConnell, CEO (Magic Breakfast) Here's some more of what our satisfied clients have to say about us 😊 👉 https://buff.ly/3cBXcEX #ClientFeedback #AskCarbon
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Running a #charity comes with its own set of challenges, and finding the right insurance shouldn't be one of them. That's why charities choose WRS Insurance Brokers — with our expertise, we ensure each charity gets the right cover, so they can focus on what matters most. When it comes to protecting your organisation, we’ve got you covered 🛡 📞 01206 760780 📧 hello@wrsinsurance.co.uk #TrustpilotReviews #WRSInsuranceBrokers #MondayMention #CharityInsurance
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Two common estate planning goals are contributing to a favorite charity and leaving significant assets to your family under favorable tax terms. A charitable remainder trust (CRT) can help you achieve both goals. Typically, you create a CRT and fund it with assets such as cash and securities. The trust pays out income to the designated beneficiary or beneficiaries for life or a term of 20 years or less. The CRT then distributes the remaining assets to one or more charities. When using a CRT, you may be eligible for a current tax deduction based on several factors. Be aware that a CRT is irrevocable; once it’s set up, you can’t make changes. Contact us at 800-575-2670 for details.
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As the end of the year approaches, many people give more thought to supporting charities they favor. To avoid losing valuable charitable deductions if you itemize, you'll need specific documentation, depending on the type and size of your gift. Here's a breakdown of the rules: https://buff.ly/3ZtaBao
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