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.

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Picture of a crane Welcome news for the construction industry as HMRC delays the implementation of ‘reverse charge’ VAT accounting for 12 months

HMRC has announced that the introduction of significant amendments to the VAT rules for construction services, known as ‘domestic reverse charge’ accounting, have been delayed for 12 months until 1 October 2020.

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Newcastle-based chartered accountancy and financial advisory firm UNW has provided support to The Alnwick Garden across a wide range of services. Most recently, this has been during the development of their Lilidorei Play Village, a project which will see the organisation launch the world’s biggest wooden play structure. We spoke with Mark Brassell, Director of The Alnwick Garden, about their Lilidorei project, as well as the organisation’s involvement with UNW.

UNW's Strategic Talent team with SJOG SJOG appoints brand new executive team with help from UNW

SJOG Hospitaller Services has enjoyed growth over the past nine months following the appointment of an entirely new executive team,

Advisory fuel rates for September 2019 announced by HMRC

HM Revenue and Customs (HMRC) has published the latest advisory fuel rates, to apply from 1 September 2019. The new