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. […]
Monthly Archives: October 2018
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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. The Institute’s research shows […]