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.
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.
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 …
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.
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.
Property valuations under FRS 102 - AccountingWEB
WEBJun 17, 2019 · FRS 102, paragraph 29.16 requires deferred tax relating to investment property measured at fair value to be measured using the tax rates and allowances that apply to the sale of the property (there is an exception in paragraph 29.16 relating to investment property which has a limited useful life).
FRS 102 vs FRS 105: Which one should I use? - AccountingWEB
WEBSep 28, 2021 · A comparison of the two financial reporting standards for UK-based entities, FRS 102 and FRS 105, with pros and cons for each one. Learn about the differences in recognition and measurement principles, disclosure requirements, and suitability for micro-entities and small entities.
Common mistakes made when operating the Construction …
WEBLearn how to avoid costly errors when operating the Construction Industry Scheme (CIS) from 6 April 2021. The web page covers topics such as scope, verification, employment status, materials costs and plant hire.
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