FRS 102

FRS 102 FRS 102 applies to financial statements that are intended to give a true…

Capital Expenditure vs. Revenue Expenditure

Capital Expenditure vs. Revenue Expenditure A business organization incurs expenditures for various purposes during its…

Extended Trial Balance

Extended Trial Balance While starting final accounts/year-end accounts, we need to prepare ETB or Extended…

Corporation Tax Changes 2023

Corporation Tax Changes 2023 The main corporation tax rate (CT) will jump from 19% to…

Statutory Maternity Pay

A Complete Guide on Statutory Maternity Pay Statutory Maternity Pay (SMP) is a government benefit…

Use of FIND AND RECODE function in Xero

Use of FIND AND RECODE function in Xero Find and recode multiple transaction lines in…

Deferred Tax

Deferred Tax Deferred tax is a topic that is regularly tested in Financial Reporting (FR)…

Tax Implications of Business Car Leasing

Tax Implications of Business Car Leasing Before I start on the tax implications of Business…

Interest in late payment of PAYE and CIS for employers

Interest in late payment of PAYE and CIS for employers When interest is charged HMRC…