As 2018 comes to a close, independent schools continue to face known and uncertain financial challenges including teachers' pensions increases and the potential loss of rates relief – more on these in the report.
Given these levels of uncertainty our focus on independent school reserves remains relevant. More than ever, schools need to understand their reserves position to remain resilient to the financial turbulence.
Here is a breakdown of the articles we cover in this edition:
- we follow on from our reserves publication with a guest article from Rothschilds on building and investing reserves;
- the recent Autumn Statement also brought some changes in relation to 'off-payroll workers', Deborah Parks-Green discusses these in more detail; and
- we also ask 'are you ready for the new forces at work?' as we look at the challenges facing today’s employers.
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On behalf of the team at RSM, we wish you a fantastic Christmas and New Year.