Financial reporting within the UK can often be a complicated affair. This reflects the range, and variation, of accounting frameworks and therefore ‘rules’ that can apply depending on factors such as the size, ownership and complexity of a business. It is essential that information included within financial statements is fully compliant and produced in an appropriate format for presentation to stakeholders, investors and creditors to aid the decision-making process.
Depending on the circumstances of the business, options available include the various standards under current UK GAAP; from micro accounts, to reduced or full disclosure under FRS 102 to International Financial Reporting Standards (IFRS).
The financial reporting landscape is evolving, with further changes ahead, so there has perhaps never been a better time to seek our advice, knowledge and expertise.
Camerons Brewery, the largest independent brewer in the North East, has announced the acquisition of Bar Soba group, with support
As the general election in December approaches, the Charity Commission has recently published guidance for charities. This has been issued
The previously announced proposals to extend the eligibility to join a VAT group to non-corporate entities will come into effect
UNW’s Corporate Finance team and Who Can Fix My Car, a leading website that connects drivers with car repair services local to them, recently hosted a round-table lunch in Newcastle upon Tyne. The forum was held to explore how data can be used more effectively to increase sales and efficiency by encouraging attendees to share ideas. It also allowed them to investigate ways in which they could collaborate with one another in the future.