financial reporting Archives - Page 3 of 14 - Whitefield Tax Limited - Isle of Wight Accountants

Covid and redundancies – accounting under FRS 102 and corporation tax treatment

by Jessica Garbett | Jan 7, 2021 | ACCA, business taxation, Covid19, financial reporting

The accounting and tax treatment of Covid-related redundancy payments for companies. The impact of Covid-19 on sustained trading and the changing announcements in relation to the furlough scheme have forced many businesses to make some of their staff redundant. This...

ACCA Factsheet: accounting for coronavirus

by Jessica Garbett | Dec 17, 2020 | ACCA, business taxation, Covid19, financial reporting

ACCA issue a revised technical factsheet addresses the accounting aspects of some of the grants and reliefs made available by the government due to Covid-19. The impact of Covid-19 (coronavirus) has had a significantly detrimental effect on businesses across the UK....

Companies House: ‘don’t leave it until the last minute’

by Jessica Garbett | Dec 14, 2020 | ACCA, Covid19, financial reporting

Company directors and accountants urged to file earlier than usual and online. Companies across the UK are being urged not to leave filing their annual accounts until the last minute and consider going paperless, as the disruption caused by coronavirus (Covid-19)...

ACCA on FRS 105 and Covid-19

by Jessica Garbett | Jul 17, 2020 | ACCA, business issues, Covid19, financial reporting

What impact will Covid-19 have on disclosure considerations under FRS 105? Coronavirus has created a high level of uncertainty, not only in daily life but also in the financial position of businesses. During these difficult times, accountants have a dual...

Employee number disclosures – what’s mandatory?

by Jessica Garbett | Mar 23, 2020 | ACCA, financial reporting

Key questions accountants ask about the requirement to disclose the average number of employees in a company’s financial statements. Is there a statutory requirement to disclose the number of employees? The requirement to disclose the average number of employees comes...

Company loans: nine things to know

by Jessica Garbett | Mar 16, 2020 | ACCA, financial reporting

Get closer to the intricacies of company loans. Can I lend money to my company? Most small companies start their trading activities by advancing funds via an informal ‘director’s loan’ that in most cases is repaid as soon as the business starts making money. However,...

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Next Entries »

Covid and redundancies – accounting under FRS 102 and corporation tax treatment

ACCA Factsheet: accounting for coronavirus

Companies House: ‘don’t leave it until the last minute’

ACCA on FRS 105 and Covid-19

Employee number disclosures – what’s mandatory?

Company loans: nine things to know

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