We are delighted to welcome you to the Autumn 2025 edition of our Professional Institutes and Membership Bodies (PIMBs) briefing.
Firstly, Nick Bustin, Employment Tax Director, provides a summary of HMRC’s new Structured Risk Review process. HMRC can assemble information from a variety of database sources and AI tools to carry out their review. Their aim is to understand the organisation, but also to identify potential errors and omissions from submissions across all taxes. It is important to be aware of the potential lines of enquiry and how it could impact your organisation.
Our first guest author, Max King, Managing Director at Rheo, explores the risks and opportunities that come with changing interest rates for organisations with investable funds. While higher rates can benefit those organisations holding cash, inflationary pressures and future movements in interest rates pose risks that must be considered as part of the organisation’s investment strategy.
We then hear from Dom Noakes, Director, who highlights the advantages of an outsourced accounting function, particularly in a world of constant financial reporting and regulatory change. He shares some of the advantages which include smart integrations with your payment systems, management accounts tailored to PIMBs organisations, and a smoother year end process. Technological advances make this a better option than ever to consider.
Our second guest author, Rachel Appleton, Head of Marketing and Communications at Memcom, reports from Memcom’s Leadership and Skills Forum held in July. The event tackled key topics such as ethical leadership, technology, and financial resilience. Rachel also highlights how Memcom engaged with strategic themes including collaboration, leadership development, and the importance of organisational culture.
Co-editor Jamie Whale, Senior Manager, outlines the accounting and tax challenges of managing an investment portfolio. Investment decisions are often made with a view to generating the best financial return, but the timing of income and gains for accounting purposes must also be considered. Jamie looks at the differing tax treatments of equity and bond type investments which can be an unexpected headache for an organisation investing long term.
Finally, Tom Brain, Partner, takes a closer look at the new FRS 102 standard, effective from 1 January 2026. He explains how adopting the five-step revenue recognition model aligns FRS 102 more closely with IFRS, and why it’s crucial for membership organisations to understand the implications for recognising membership income.
We hope you enjoy diving into this edition of our briefing! If any of the topics hit home, don’t hesitate to get in touch with the authors or your usual HaysMac contact.
Got thoughts or ideas for our next issue? We’d love to hear them!
