I have been prompting a friend to keep records of a very small side hussle and make a tax return.  They are also employed.

The post-Brexit era, coinciding with an increasingly interconnected global economy, presents both challenges and opportunities when it comes to managing ...

Acting upon advice from our accountant, we applied for voluntary strike off on the 15th April and the first Gazette notice was published on the 22nd ...

The Exposure Draft for SORP 2026 introduces new expectations for the reporting of volunteer contribution. For practitioners supporting charities, this marks a shift in emphasis from pure financial ...

Efforts are being made to provide clarity to the audit profession on how it uses artificial intelligence (AI), as the ...

The UK government are planning to amend the MLR 2017 later this year. Here's what they say - ...

The Economic Crime and Corporate Transparency Act (ECCTA) is a huge piece of legislation, which will need around 50 statutory ...

Hi, I understand that you pay twice half of what you earned this year on account in the next year. I was expecting to earn less this year so I reduced my ...

With the prudence concept, i.e. there is a higher burden of proof for revenue recognition than for expense recognition, what steps does one need to take to ...

Hello everyone, looking for input from anyone with *CIC experience *especially around asset lock rules and director’s loans.

Since the Scotland Act 2016, some taxes are completely devolved, some are partly devolved and some UK taxes are assigned to ...

The move marks a major play for the US market, in which Xero has struggled to make the same impact as its heartlands of New ...