RP Issues - A Briefing For Registered Providers Of Social Housing (Spring 2010)
Mondaq Business Briefing › United Kingdom Law Articles in English (2010)
Linked as:
Extract
RP Issues - A Briefing For Registered Providers Of Social Housing (Spring 2010)
Editor's Comment - Testing Times
This edition of RP issues covers a wide range of topics of particular significance in today's challenging times. The core theme of value for money pervades all of the articles; it highlights the importance of an awareness of cost pressures and the difficult state of Government funding, particularly for housing, and the need to avoid unnecessary cost. This in turn feeds directly into the need to evaluate whether group structures really do add value, and the care all Associations need to take when bidding for government related work not to take on avoidable pension costs. Another key theme is the very real cost of irrecoverable VAT that the sector has to bear, potentially set to rise further if VAT rates are increased, and the need therefore to ensure that you are taking advantage of appropriate reliefs and planning. In our experience, all too often insufficient attention is paid to this area leading to unnecessary cost. We include two articles on future accounting changes; one makes some further comments on component accounting (it seems inevitably), which we covered in depth in our previous issue, and the other summarises the future changes in treatment of negative goodwill. There is a very interesting article on motivation, which may well prove particularly important for organisations going through restructuring, or who are feeling pressures from drives to improve efficiency. We have also included a further reference to Brixx, which is now proving to be an invaluable modelling resource for many registered providers of social housing (RPs), and with which we have particular expertise. Finally, we are delighted to welcome a guest article from a recently retired finance director, who has shared with you some of his ideas on how to improve financial reporting. Clearly, each organisation will need to take particular care in considering his innovative ideas on accounting policies and presentation. Overall, there is so much in this edition of real significance to housing associations. In each case,...See the full content of this document
Sponsored links
