Are your clients sitting on their biggest assets? Roddy Kohn explains what equity release is and explains all the options for them For many people, a large proportion of their wealth is tied up in the home they live in.…
Category: Uncategorized
How to account for grants under FRS102
Steve Collings has examples about how to account for government grants under the current standard Government grants are dealt with in FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland in Section 24 Government Grants.…
Rejected for the sake of £4!
If a tax return contains an obvious error (e.g. an arithmetical mistake) or omission, HMRC may amend the return to correct it, within statutory time limits (e.g. see TMA 1970, s 9ZB (individuals) or s 12ABB (partnerships)). However, in practice,…
Charities missing out on £600m extra funding
People giving to charity are being encouraged by the government to declare Gift Aid on their donations, and boost the money that reaches their charity of choice at no extra cost. The call comes after research showed that charities are…
How will new insolvency rules affect creditors?
Debbie Cockerton explains what impact the new Insolvency Rules 2016 will have Out with the old Insolvency Rules 1986 and in with the new Insolvency Rules 2016. The new rules have now been in effect since 6 April 2017…