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
Any Answers | AccountingWEB
WEBCompany selling intangibles with previous goodwill. Confirming tax treatment including previously amortised goodwill. Asked by. Ian McTernan CTA. 18th Sep 2024 23:32. Tax. 0. 0. 79.
Latest Accounting News from the UK's Leading Accounting …
WEB2 days ago · Regulating AI: The digital can of worms is open. 3. 17th Sep 2024. by. 11th Sep 2024. by. AccountingWEB.co.uk is the largest independent online community for accounting and finance professionals, providing all the latest accounting news, opinion and insights and enabling online engagement.
Striking off a company: Get the details right | AccountingWEB
WEBMay 14, 2019 · The striking off regulations can be found under Companies Act 2006 (CA 2006) Part 31 -. “Dissolution and restoration to the register” which permits the striking off of a company in two specific instances: CA 2006 s1003 - gives the directors the right to apply. The majority of directors must agree to the closure.
Deferred tax: Get the details right - AccountingWEB
WEBDec 7, 2021 · FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland deals with deferred tax in Section 29 Income Tax.For micro-entities choosing to prepare financial statements under FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime, deferred tax is irrelevant.. FRS 102 requires deferred tax to be recognised on all timing differences that have ...
Property valuations under FRS 102 - AccountingWEB
WEBJun 17, 2019 · Owner-occupied property is accounted for under FRS 102, Section 17. Section 17 allows an entity to use the revaluation model for assets, but where the entity does apply the revaluation model to an asset it must revalue all assets within that asset class. The entity cannot just revalue those assets …
Related parties under FRS 102 - AccountingWEB
WEBJun 29, 2021 · The definition of a related party is set out in FRS 102, para 33.2 and is split into related parties that are natural persons and related parties that are entities as follows: A related party is a person or entity that is related to the entity that is preparing its financial statements (the reporting entity). is a member of the key management ...
VAT flat rate scheme: Dos and don’ts | AccountingWEB
WEBNov 16, 2012 · However, the fundamental problem is as illustrated in the 1st paragraph in comparing the % to be applied. 12% of 120 is, correctly computed at 14.4%. BUT on the normal basis VAT would be £20 which = 16.67% of 120 NOT 20%. The comparison is therefore; of gross t/o. Flat rate scheme 12% = £14.40.
The agent services account: What you need to know
WEBFeb 5, 2019 · An agent services account allows tax agents to access certain HMRC online services, including the Making Tax Digital VAT and income tax pilots, and also gives agents the ability to communicate with HMRC directly through software. At present, agents can only use the agent services account for a limited number of new online services from HMRC ...
Working from home: the HMRC tax relief explained
WEBMay 17, 2022 · Many of us had to shift gears and work from home at some point throughout the pandemic. In fact, the latest numbers show that 5.6 million people went from the office to their home office (or kitchen table) at some point during 2020. Surprisingly though, only 800,000 have so far made applications for the working from home tax relief.. At a rate of £6 per week, the HMRC working from home ...