ACCA Archives - Page 173 of 200 - Whitefield Tax - Isle of Wight Accountants

Is an end to late payment on the cards? Trade credit needs a boost, says ACCA.

by Jessica Garbett | Jul 21, 2015 | ACCA, business issues

Policymakers involved in SME financing need to rethink how they manage and regulate trade credit and late payment, says ACCA in the final instalment of our three part research into late payment called Ending Late Payment. ACCA believes that governments and their...

Charity GAAP changes

by Jessica Garbett | Jul 20, 2015 | ACCA, business issues

Due to changes in company accounting, changes are to be made to UK Generally Accepted Accounting Practice (GAAP). These changes will take effect from 1 January 2016. The role of the Statement of Recommended Practice (SORP) is to provide guidance on the application of...

Subscriptions and flat rate deductions

by Jessica Garbett | Jul 13, 2015 | ACCA, personal taxatation

The list of allowable fees and subscriptions, including journals for professional organisations, has been updated. As a reminder HMRC states that ‘you can reclaim tax you pay on fees or subscriptions to some approved professional organisations – but only if you must...

P2P bad debt relief

by Jessica Garbett | Jul 6, 2015 | ACCA, business taxation, personal taxatation

If a P2P loan is not repaid, then the loss that the lender suffers on that loan will be set against the income that they receive on other P2P loans before that income is taxed. Legislation is proposed for the Finance Bill 2016, but relief is likely to be available for...

Charities’ audit and examination limits

by Jessica Garbett | Jun 25, 2015 | ACCA, business issues, financial reporting

Certain charities may now benefit from recent changes to audit limits. Changes to the audit requirement for charities in England and Wales have been introduced. The government highlighted that the ‘proposals become ‘live’ to 31 March 2015, meaning that...

Appealing against CIS late-filing penalties online

by Jessica Garbett | Jun 18, 2015 | ACCA, business taxation, penalties

How to appeal online against a Construction Industry Scheme (CIS) late-filing penalty using the Penalty and Appeals Service (PAS). What is the change? From 16 June 2015 contractors and their authorised representatives will be able to use HMRC’s Online Penalty Appeal...

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Is an end to late payment on the cards? Trade credit needs a boost, says ACCA.

Charity GAAP changes

Subscriptions and flat rate deductions

P2P bad debt relief

Charities’ audit and examination limits

Appealing against CIS late-filing penalties online

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