Welcome to the RSM spring end of term report

School life has no doubt continued to be busy as pupils get closer to the summer external examinations and for the more senior pupils thoughts turn to higher education. In this edition we look at data protection changes, how governors can ensure their meetings are effective, latest health and safety legislation and much more.

To download the spring edition of our independent schools report, click here.

Governance - are your meetings effective?

31 March 2016

For a governor, time is a scarce resource and a significant proportion of it will be spent in board meetings. Therefore, it is critical that they are well-timed, effective and focus on the critical issues.

Tax and VAT - a refresher

31 March 2016

Remember you only pay tax on the profits after deducting direct and relevant indirect costs. If you want to avoid paying any corporation tax, a trading subsidiary will be needed and all of its taxable profits will need to be gifted back to the school.

Means tested bursaries - is your policy up to scratch?

31 March 2016

In the case of bursaries it is not only for those who are most deserving but also for those where they will have the most impact. It is therefore important that the school has a formal policy in place with full input from the governors.

Are you ready for the new data protection legislation?

31 March 2016

UK data protection obligations are primarily governed by the data protection act 1998. However, there’s a new law coming into force that could impact your school if you don’t act now and prepare for it.

New health and safety sentencing guidelines - a warning from Stone King

31 March 2016

On 1 February, new standardised sentencing guidelines came into force for offences related to health and safety, food and hygiene and corporate manslaughter. The general view amongst lawyers is that the result of standardisation will be a significant rise in the level of fines imposed, and so schools would be well advised to review their health and safety processes.