In today’s fast changing business environment, companies in the United Kingdom and beyond are increasingly recognising the imperative of precision in financial planning and forecasting. That is why the best financial modelling companies stand out as essential strategic partners for organisations aiming to transform performance. By harnessing robust financial modelling, firms can project revenue, manageContinue reading “Transform Performance: The Power of Financial Modelling”
Tag Archives: finance
Frequently Asked Questions | FRS 101 | Insights – UK
What is FRS 101? FRS 101 is a UK Financial Reporting Standard that allows qualifying entities to prepare their individual financial statements using the recognition and measurement principles of International Financial Reporting Standards (IFRS) but with reduced disclosures. This standard aims to simplify financial reporting for subsidiaries and parent companies within groups, making it easierContinue reading “Frequently Asked Questions | FRS 101 | Insights – UK”
Frequently Asked Questions | FRS 102 | Insights – UK
What is FRS 102? FRS 102 is the Financial Reporting Standard applicable in the UK and Republic of Ireland. It provides a framework for accounting and financial reporting for small and medium-sized entities, streamlining compliance with accounting requirements. Who Needs to Comply with FRS 102 in Leeds? Entities that need to comply with FRS 102Continue reading “Frequently Asked Questions | FRS 102 | Insights – UK”
Frequently Asked Questions | FRS 103 | Insights – UK
What is FRS 103? FRS 103 is the Financial Reporting Standard applicable to insurance contracts in the UK. It combines the requirements of FRS 102 with specific provisions for insurance contracts, helping insurance companies and entities that issue insurance contracts to comply with accounting and reporting requirements. Who Needs to Comply with FRS 103 inContinue reading “Frequently Asked Questions | FRS 103 | Insights – UK”
Frequently Asked Questions | FRS 104 | Insights – UK
Q: What is FRS 104? A: FRS 104 refers to the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland, which provides guidance on the preparation of interim financial statements. It sets out the principles for presenting financial information during interim reporting periods. Q: What are FRS 104 advisory services? A: FRSContinue reading “Frequently Asked Questions | FRS 104 | Insights – UK”
Frequently Asked Questions | FRS 105 | Insights – UK
What is FRS 105? FRS 105 is the Financial Reporting Standard applicable to the Micro-entities Regime in the UK. It provides simplified accounting standards for the smallest businesses, making it easier for micro-entities to prepare their financial statements. Who Qualifies for FRS 105 in Leeds? A company qualifies for FRS 105 if it meets twoContinue reading “Frequently Asked Questions | FRS 105 | Insights – UK”
Frequently Asked Questions | HMRC Litigation & Investigation | Insights – UK
Q: What is HMRC Litigation and Investigation? A: HM Revenue and Customs (HMRC) Litigation and Investigation services involve the examination and enforcement of tax compliance. These services include investigating suspected tax evasion, fraud, and other non-compliance issues, and taking legal action when necessary to recover unpaid taxes and penalties. Q: Why might HMRC investigate myContinue reading “Frequently Asked Questions | HMRC Litigation & Investigation | Insights – UK”
Frequently Asked Questions | UK GAAP | Insights – UK
What is UK GAAP? UK GAAP (Generally Accepted Accounting Practice in the UK) refers to the body of accounting standards and principles used by companies in the UK to prepare financial statements. It includes Financial Reporting Standards (FRSs) issued by the Financial Reporting Council (FRC). Who Needs to Comply with UK GAAP in Leeds? Companies,Continue reading “Frequently Asked Questions | UK GAAP | Insights – UK”
Frequently Asked Questions | Corporation Tax services | Insights – UK
Q: What is Corporation Tax? A: Corporation Tax is a tax imposed on the profits of UK-based companies and other organisations, including clubs, societies, associations, and cooperatives. It applies to both resident companies and non-resident companies that operate through a branch or office in the UK. Q: How does Corporation Tax work in the UK?Continue reading “Frequently Asked Questions | Corporation Tax services | Insights – UK”
Frequently Asked Questions | Transfer Pricing | Insights – UK
What is Transfer Pricing? Transfer pricing refers to the rules and methods for pricing transactions within and between enterprises under common ownership or control. These transactions can include the transfer of goods, services, or intellectual property. Proper transfer pricing ensures that transactions are priced fairly and reflect market conditions. Why is Transfer Pricing Important forContinue reading “Frequently Asked Questions | Transfer Pricing | Insights – UK”
Finance Advisory 