Paul Tatum (Bury St Edmunds)

Paul is a partner based in our Bury St. Edmunds office, having joined the firm after spells in London and the Channel Islands, with international firms. His professional work includes provision of audit and corporate services to clients in many industry sectors including construction, the motor trade and the education. He also advises a number of charities. 

Paul heads up the firm's Education and Not for profit specialisms. He is actively involved in the firm's technical and training issues, acting as audit compliance principal and student training partner for the firm. Outside the office he sits on a number of local voluntary bodies as director and treasurer, involved in enterprise and civic trust activities. Personal interests are now largely confined to watching, rather than participating in, sport, although fell walking provides a welcome respite from the office.
 
My Latest Blogs
 
Paul Tatum
29th Aug 2018 Beware the fraudsters

We are fortunate to have many worthy charities in and around our area all making a huge contribution to our community. When it comes to the fraudsters charities do not have any exemption, in fact quite the opposite, they are often seen as a soft touch.  The Charity Commission has just published ‘Tackling Charity Fraud’…

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Paul Tatum
27th Mar 2018 VAT Update – Out with the old and in with the new

  The current system for processing customs declarations for imports and exports with non-EU countries is changing. The current CHIEF system is to be replaced with the new CDS (Customs Declaration Service) to be phased in from August 2018 into early 2019.   The old system is nearly 25 years old and has become inflexible…

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Paul Tatum
5th Dec 2017 Charity Accounts: New Independent Examination Rules

  For many years now, many mid-sized UK charities have been required to subject their annual statutory accounts to independent examination. For such charities, with income within the range of £25,000 to £1m and gross assets of less than £3.26m, an independent examination is a lighter touch of independent scrutiny than a full audit. As…

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Paul Tatum
9th Aug 2017 Charities bound by new Fundraising Preference Service

  A new service is now available for individuals who want to limit the contact they receive from charities. The Fundraising Preference Service (FPS) should give individuals greater control over how and when charities can contact them. The FPS, which launched on 6 July, allows individuals to select charities that they no longer want to…

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Paul Tatum
25th Apr 2017 Charity accounts do not meet the required standard

A significant number of charity accounts fail to explain how the charity is meeting its objectives, while many do not meet basic standards for users, particularly in the very smallest charities, according to research from the Charity Commission.   Of a recent sample, 54% of charities did not meet the public benefit reporting requirement. Some…

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Paul Tatum
6th Feb 2017 Charities

The governance and accounting requirements of a registered charity are quite complex. You need a charity accountant who has specialist knowledge of the Charities Act 2011, the related charities SORP and of the specific tax rules that are relevant. We have established a specialist team of charity accounting expertise, who currently act for registered charities in…

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Paul Tatum
7th Jan 2016 Academy Returns

Academy reporting – Accounts Return The Education Funding Agency (EFA) has now published the 2012/13 Academy Accounts Return with a revised submission date of 31 January 2014. Audited financial statements still require submission to the EFA by 31 December 2013. The accounts return is used to support a number of Treasury and departmental requirements, including…

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Paul Tatum
1st May 2015 Charity Audit Legislation

Charities: Changes to audit exemption thresholds. Changes to charity audit thresholds came into force on 31 March 2015, aimed at reducing the regulatory burden for charities. They include increasing the basic audit threshold from £500,000 to £1 million, meaning less charities will be required to subject their accounts to a statutory audit. Those charities can instead…

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Paul Tatum
3rd Feb 2015 Pension Schemes

Despite the bad press that pension schemes have received over the last 20 years, there are still many appealing tax, protection and wealth creation features of setting up and running your own pension scheme. The legacy of Robert Maxwell lives on, in the form of the Pensions Act 1995, and all such pensions must now follow…

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Paul Tatum
3rd Nov 2014 Gift Aid

New Charity Commission Guidance: Charities, trading subsidiaries and gift aid. The Charity Commission has withdrawn guidance from its website in connection with Gift Aid beyond distributable profits from charity trading arms to the parent charity. Some charities own subsidiary trading companies through which they carry out trading activities for a profit. The subsidiary may donate…

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