Latest Accounting News from the UK's Leading Accounting …
WEB4 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 …
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 dissolved.
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.
HMRC clarifies tax on reimbursement of electric car charging
WEBOct 13, 2023 · HMRC has updated its guidance on reimbursing employees for charging electric cars at home, following a campaign by the ICAEW. The legislation exempts the reimbursement from tax, but HMRC still tries to impose a restriction based on the car use.
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.
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.
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.
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.