Latest Accounting News from the UK's Leading Accounting …
WEB1 day ago · Making tax digital. Making Tax Digital (MTD) is a UK government initiative to digitise the tax system. April 2022 saw the extension of MTD for VAT and April 2026 will see the implementation of MTD for income tax self assessment (MTD for ITSA) for landlords or the self-employed with turnover of at least £50,000. Read more Making tax digital.
Moneysoft - AccountingWEB
WEBPayroll Manager is a comprehensive, easy to use, HMRC recognised for 2019-20 RTI compliant payroll software package used by thousands of SME’s, agents, accountants and CIS Contractors across the UK. In the first 6 months of the tax year 2018-19, more than 1.5 million RTI submissions were successfully filed through our software.Features to support Automatic Enrolment of
FRS 102: Finance and operating leases - AccountingWEB
WEBMar 13, 2017 · Paragraph 20.9 of FRS 102 requires a lessee to recognise a finance lease in the balance sheet at an amount equivalent to the fair value of the leased asset or, if lower, the present value of the minimum lease payments determined at the start of the lease. Directly attributable costs (such as legal fees) associated with arranging the lease are ...
Emphasis of matter paragraphs in the auditor’s report
WEBJun 27, 2023 · ISA (UK) 706 defines an ‘Emphasis of Matter paragraph’ as: A paragraph included in the auditor’s report that refers to a matter appropriately presented or disclosed in the financial statements that, in the auditor’s judgment, is of such importance that it is fundamental to users’ understanding of the financial statements.
Any Answers | AccountingWEB
WEBThe director of a Tiktok shop which sells trading cards, hosts numerous live videos. Asked by. [email protected]. 03rd Oct 2024 10:21. Tax.
Accounting for hire purchase & interest | AccountingWEB
WEBOct 28, 2018 · Bookkeeping for my husbands business. DR Plant (fixed asset) 82250 + 200 (option to purchase) DR VAT 16450 + 40 (option to purchase) DR Document fee 200. CR HP Loan (long term liab) 74465 + 17581.20 interest. …
How to amend filing errors at Companies House? - AccountingWEB
WEBJun 11, 2018 · There are two possible options: To use the Companies House procedures to correct the information submitted. There are two such procedures. The first is the “Registrar’s Powers” procedure, by which the forms RP01 to RP07 can be used to vary or correct information. This applies to a variety of company procedures, but …
Reasons for filing extension Companies House - AccountingWEB
WEBMay 11, 2023 · Replying to Roland195: By wilcoskip. 31st May 2023 11:53. In over 20 years of accounting work, I've had Co House accept 1 appeal for late filing. Appeal was due to bereavement and serious illness. Took 10 months to get the reply from Co House accepting it as a valid reason. Thanks (0) By Matrix. 12th May 2023 10:55.
VAT Return - Box 7 | AccountingWEB
WEB14th Dec 2012 15:51. VAT. 1. Exempt purchases - although these purchases don't have VAT, they're still included in Box 7 of the Return. 2. Purchases from a non-VAT registered business - Whatever VAT rate is on these purchases, they would still be shown in Box 7, UNLESS they're oustside the scope of VAT for some reason.
Help me understand my Micro-entity balance sheet?
WEBDec 3, 2018 · The numbers involved are simple, and pretty tiny, but I'm confused about the general structure of the balance sheet (which is, unless I'm mistaken, all that needs to be returned (to Companies House, at least) for a micro-sized company like mine) and what should be put where. The numbers: I hold 1 share (unpaid) at £1 value.