Latest Accounting News from the UK's Leading Accounting …
WEB1 day ago · Find out the latest news and insights on accounting, tax, technology, policy and more from the UK's leading accounting publication. Book your tickets for the Accounting Excellence Awards, watch webinars, read industry …
Any Answers - AccountingWEB
WEBAccountingWEB's Any Answers is a forum where accountants can ask and answer questions on various topics related to tax, practice, business and more. Browse the latest and most popular questions, or search for your own query and get expert advice.
Related parties under FRS 102 - AccountingWEB
WEBJun 29, 2021 · Learn how to identify and disclose related parties and transactions in financial statements under FRS 102, the UK accounting standard for small and medium-sized entities. See examples, definitions and exemptions for different types of related parties and transactions.
Striking off a company: Get the details right | AccountingWEB
WEBMay 14, 2019 · Learn how to close a company using the striking off process, which requires solvency, agreement and a £10 fee. Find out the tax consequences for directors, shareholders and HMRC when a company is struck off from the register.
Deferred tax: Get the details right - AccountingWEB
WEBDec 7, 2021 · Learn how to calculate deferred tax using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Find out how the increase in corporation tax rate from 19% to 25% from 1 April 2023 affects deferred tax accounting for different profit levels.
FRS 102: Finance and operating leases - AccountingWEB
WEBMar 13, 2017 · Learn how to use the effective interest method to recognise interest expense in a finance lease under FRS 102, the UK financial reporting standard. See an example of a finance lease with Excel calculations and journal entries.
VAT domestic reverse charge: Your questions answered
WEBDec 8, 2021 · Learn how the VAT domestic reverse charge (DRC) rules apply to transactions within the construction industry scheme (CIS) and how they affect VAT recovery and reporting. Find answers to common queries about DRC and the flat rate scheme, CIS, end users and more.
Working from home: the HMRC tax relief explained
WEBMay 17, 2022 · Learn how to claim HMRC working from home allowance for 2023/24 and previous years. Find out who is eligible, what costs you can claim, and how to apply online.
FRS 102: Property, plant and equipment - AccountingWEB
WEBFeb 20, 2018 · Learn how to apply FRS 102 Section 17 to measure property, plant and equipment under the cost model or the revaluation model. Compare the differences and similarities with previous UK GAAP and see examples of revaluation gains and losses.
Property valuations under FRS 102 - AccountingWEB
WEBJun 17, 2019 · Owner-occupied property is accounted for under FRS 102, Section 17. Section 17 allows an entity to use the revaluation model for assets, but where the entity does apply the revaluation model to an asset it must revalue all assets within that asset class. The entity cannot just revalue those assets …