article thumbnail

Tax Directors & Finance Teams – Do you need to register for Pillar 2?

Menzies

Menzies LLP - A leading chartered accountancy firm. LATEST UPDATE Groups within the scope of Pillar 2 in the UK will need to register with HMRC within 6 months of the Group’s first accounting period starting on or after 31 December 2023. WHAT IS PILLAR 2?

Finance 52
article thumbnail

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. The first instalment will be due on January 1, 2026, upon delivery.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

SEC Finalizes Climate Disclosure Rules: Enhancement and Standardization of Climate-Related Disclosures for Investors

Cherry Bekaert

The earliest effective date would be fiscal year 2025, meaning compliance adherence beginning in early 2026 for calendar-year filers. The final rules also require important financial statement footnote disclosures on expenditures resulting from severe weather events.

article thumbnail

Ensuring Climate ESG Auditing Excellence: How Your Trusted Accounting Partner Makes the Difference

Withum

Certified Public Accountants (CPAs) are the trusted providers of most companies for financial auditing and have been supporting the assurance of non-financial ESG and climate information for decades. Future-looking information: Financial statements usually just look at the previous fiscal years’ balance sheets.

audit 59
article thumbnail

Navigate tax season with these resources for accountants

ThomsonReuters

Tax and Accounting professionals, listen up! This one-stop-shop can help make life easier by providing comprehensive resources so you can stay ahead of the game in today’s ever-changing world of tax and accounting. And then having to decipher them into easy-to-understand nuggets that work for your clients?

Tax 59
article thumbnail

What are countries doing to implement OECD’s BEPS Pillar 2.0?

ThomsonReuters

Potential implications include financial statement disclosure in consolidated and local financial statements as early as 2023, quarterly tax provision calculations as early as Q1 of 2024 using local country calculation templates, Globe Information Returns as early as June 2026, and other filings (QDMTT, STTR and other supplemental returns).

article thumbnail

Private Equity 2023 Year-in-Review and 2024 Outlook: Clearer Skies Emerge for Private Equity Amidst Challenges

Cherry Bekaert

.” — Scott Moss, Managing Partner | Private Equity and Transaction Advisory Leader Regulatory Developments Kept Private Equity on Its Toes The polarization around Environmental, Social and Governance (ESG) and carbon accounting has intensified, resulting in a patchwork of wildly different state legislation.