Latest Accounting News from the UK's Leading Accounting …
WEB2 days 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 …
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.
Time to focus on the associated company rules - AccountingWEB
WEBMar 10, 2023 · Learn how to identify and apply the associated company rules for corporation tax from April 2023, when the tax rates and limits change. Find out what factors determine whether two companies are associated and how to deal with shareholders' associates and substantial commercial interdependence.
NIC changes: What you need to know | AccountingWEB
WEBMar 24, 2022 · Find out the latest updates on national insurance contributions for 2022/23, including the new class 2 NI credit and the Health and Social Care levy. See the rates, thresholds and examples for employers, employees and self-employed.
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 …
VAT flat rate scheme: Dos and don’ts - AccountingWEB
WEBNov 16, 2012 · Learn the basic rules and potential pitfalls of the flat-rate scheme for VAT, which simplifies accounting for small businesses. Find out how to choose the right percentage, issue invoices, opt out and avoid penalties.
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.
CIFAS markers: What they are and why they’re damaging
WEBJan 1, 2022 · CIFAS stands for Credit Industry Fraud Avoidance System, a fraud prevention service that holds and shares data on fraud cases. CIFAS markers are warnings to other institutions about the risks of individuals or businesses, and can affect their credit ratings and access to finance.
The agent services account: What you need to know
WEBFeb 5, 2019 · An agent services account allows tax agents to access certain HMRC online services, including Making Tax Digital pilots and registering trusts or estates. Learn what you need to create an account, how to link your …
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.