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.
Many of you will now be aware of the impending introduction in April 2019 of Making Tax Digital for VAT
Interesting trends around large charitable donations have emerged after a Freedom of Information (FOI) request from private client law firm
It has been over 20 years since charity taxation and reliefs last came under scrutiny in the United Kingdom, but
Since the updated Charity Governance Code was published in the summer of 2017, many charities have begun to assess themselves against