Articles
Which IFRS 9 impairment considerations apply to related company loans? How do you apply expected credit losses? And how should you present related company loans in your financial reports?
IFRS 9 impairment: what you should consider
Endorsement of the new ISSB standards is due early next year. We provide insight into the proposed requirements.
The future of annual reporting: general and climate-related disclosures
Accounting for your long-term contracts under IFRS 15 – Revenue from Contracts with Customers (“IFRS 15”) can be complex. We explore why you should keep an eye on loss making contracts and what your auditors need you to prepare.
Long-term contracts and revenue recognition
A nudge letter from HMRC about your tax affairs may feel like an irritant, but acting on it is in your best interest. We explain the frequent misunderstandings and how a PAYE Settlement Agreement (PSA) could be the solution.
PAYE Settlement Agreements: a solution to unwanted employee tax liabilities?
As expected, the Labour Manifesto has confirmed that it will close the ‘loophole’ on carried interest.
Labour plans to close the Carried Interest Loophole
Business Asset Disposal Relief (BADR) — formerly called Entrepreneur’s Relief (ER) until it was renamed in 2020 — reduces the rate of Capital Gains Tax (CGT) on certain disposal of business assets from 20% to 10%.
Business Asset Disposal Relief
When it comes to selling your business, it is not always as simple as walking away with cash. You might be offered other forms of consideration, and they come with their own tax implications.
Types of upfront consideration
Some buyers are reluctant to hand over the full business purchase price in one go. Instead, they negotiate an ‘earn out’, paying some cash up front but deferring the rest of the payment.
What is an `earn out’ and what are the options?
Running a company together is not always smooth sailing, business partners might disagree with the direction the company should take, or simply wish to exit or retire on differing timelines.
The ‘Business Divorce’
As your business develops, it is likely there will come a time you need additional external finance to help you expand. It may be important to ensure your investors receive the relevant tax incentives to enable suitable investment.
Raising external finance
As a business grows, it is important to retain key employees and align their objectives with those of the company.
How to incentivise employees to grow your business
What’s best? A limited liability partnership or a private limited company?