Archive for Accounting

Mortgage Arrears - Property Under Threat

Topics: Mortgage, remortgage, payment, protection
It is no consolation whatsoever if you are facing the risk of your home being repossessed to be told that there are many thousands of others in the same traumatic position.
There are also many in the worse position of having already lost their homes either recently or in past financial […]

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A Primer On IAS I - Presentation Of Financial Statements

Topics: IAS, financial reporting, accounting standards, IFRS, IASB
IAS 1 is the cornerstone of the framework developed by the International Accounting Standards Board. It sets out the basis for the preparation of corporate financial statements, specifying the minimum required information. The overriding objective is not only to ensure comparability from one period (financial year) to the […]

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Accounting Periods And Basis Periods For Self Employed Business

Topics: self assessment tax return, self employed, tax return, tax return form, accounting period, tax, tax year
Self employed business in the UK is required to produce a set of financial accounts for a 12 month trading period. The format of the accounts is the personal decision of the proprietor and can be a full set […]

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