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Changes to impact all companies reporting under FRS 102 – 1 Jan 2026

Menzies

Menzies LLP - A leading chartered accountancy firm. The effective date is for periods beginning on or after 1 January 2026 with early adoption permitted, provided all amendments are applied at the same time. LEASE ACCOUNTING There is a new model of lease accounting, based upon IFRS 16’s on balance sheet model.

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Spring Budget 2024 – Technology Sector Commentary

Menzies

Menzies LLP - A leading chartered accountancy firm. The government has extended the Recovery Loan Scheme to support SMEs in accessing finance they need, renaming it as the ‘Growth Guarantee Scheme’. So the return of the previous criteria is welcome in order to encourage diverse investment in the tech sector.

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Super-Deduction Substituted by Full Expensing

Menzies

Menzies LLP - A leading chartered accountancy firm. This relief is of a temporary nature and will expire on 31st March 2026. The acquisition of these assets must be completed prior to the deadline of 31st March 2026. As a result, potentially seeing significant tax savings.

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Fred 82: Overview and Implementation

Menzies

Menzies LLP - A leading chartered accountancy firm. The consultation feedback on the exposure draft has since led to a delay in the expected implementation date, with the revised version expected to come into effect for periods commencing on or after 1 January 2026. What date does FRED 82 come into effect?

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A guide to effective investments in equipment for manufacturing companies

Menzies

Menzies LLP - A leading chartered accountancy firm. However, securing finance over plant and machinery at the outset is more straightforward and can be less expensive than seeking bank borrowing at a subsequent date. This spending can vary from a few thousand pounds to hundreds of thousands of pounds every year. –

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Friday Footnotes: EY Can’t Hire Tech; John Doe Sues the PCAOB; Auditors Can’t Find Torpedoes and Missiles | 1.20.03

Going Concern

Practice Management How firms use stay interviews to boost retention [ Journal of Accountancy ] Job interviews have long been an essential part of the hiring process. But now, some public accounting firms are turning the lens on themselves.

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