business issues Archives - Page 55 of 68 - Whitefield Tax - Isle of Wight Accountants

Minimum wage – employers of all sizes are getting it wrong

by Jessica Garbett | Jun 19, 2017 | ACCA, business issues, National Minimum Wage and National Living Wage

Smaller employers sometimes struggle with the calculation of the national minimum wage (NMW). Areas like differing rates, age issues, apprenticeship rules and the national living wage all add to the complexities of complying with payroll administration. However,...

FRS 102: a great early change

by Jessica Garbett | Jun 5, 2017 | ACCA, accountancy regulation, business issues, financial reporting

Welcome changes ahead in FRED 67. Well done FRC. Last month we highlighted that the triennial review has taken place and the FRC in FRED 67 Draft amendments to FRS 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland is proposing a few...

Recent reporting changes for charities

by Jessica Garbett | May 22, 2017 | ACCA, business issues

Recent changes for charities include around model accounts and audit/examiner reporting requirements. Model accounts The Charity Commission has updated its accounts pack for charitable companies. CC17 Charity accounting templates: accruals accounts (CC17) SORP FRS 102...

Dividend payment templates

by Jessica Garbett | May 15, 2017 | ACCA, business issues

The practical procedures for payment of dividend templates for board minutes, dividend vouchers and dividend waivers. The payment of a dividend is governed by a company’s Articles of Association. Unless otherwise stated, this will be in accordance with...

Changes to Persons With Significant Control regime – action now required

by Jessica Garbett | May 12, 2017 | ACCA, business issues, financial reporting

New measures to help prevent money laundering and terrorist financing are on their way. On 26 June 2017 changes will be made to UK anti-money laundering measures which are designed to help prevent money laundering and terrorist financing. These measures will increase...

Audit threshold to increase for small co-operatives

by Jessica Garbett | May 4, 2017 | ACCA, business issues, financial reporting

Audit threshold to nearly double. It was announced in the Budget that the government will bring forward legislation to increase the turnover threshold for which co-operatives are required to conduct a full audit from £5.6m to £10.2m, and the assets threshold from...

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Minimum wage – employers of all sizes are getting it wrong

FRS 102: a great early change

Recent reporting changes for charities

Dividend payment templates

Changes to Persons With Significant Control regime – action now required

Audit threshold to increase for small co-operatives

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