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Blog

The Accountants for Growth

Getting compliant for Making Tax Digital

Getting compliant for Making Tax Digital
MTD-flow-chart.pdf
If you need any help with making sense of how Making Tax Digital will affect your business, get in touch with us! 
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Investment Properties

Investment Properties
FRS 102 requires investment properties to be valued at fair value with any increase or decrease in fair value shown in the profit or loss account. This policy applied also to properties rented out to other group companies. This forced small groups to incur costs of obtaining a fair value with very little benefit. 
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Director Loans - Accounting Relief

Director Loans - Accounting Relief
Loans from directors to their company are a significant source of finance for many owner-managed small companies. Often, these loans are interest-free. 
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Making Tax Digital (Update)

Making Tax Digital (Update)
In a recent article the Institute of Chartered Accountants in England and Wales have asked the Revenue to delay the roll out of making tax digital for VAT purposes which is due to become into play for most VAT registered businesses for their VAT return periods starting after 1 April 2019.
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Preparing company accounts under FRS 105 can damage your wealth!

Preparing company accounts under FRS 105 can damage your wealth!
Financial reporting standard 105 (FRS 105) was devised for micro entities to enable them to simplify their accounts. Companies were able to prepare accounts under FRS 105 for year ends starting after 1 January 2016.
 
Some accountants have tried to encourage clients from adopting FRS 105 and have recommended that clients adopt FRS 102 1A. Why is this?
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