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What is FRS 101?

Menzies

Menzies LLP - A leading chartered accountancy firm. FRS 101 is a framework that allows qualifying subsidiaries to benefit from a reduced disclosure requirement in their individual financial statements. We can also provide practical advice on the preparation of financial statements and the disclosure of information.

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Demystifying Alternative Investment Funds – A Journey Through Compliance, Reporting, and Regulatory Insight

Menzies

Menzies LLP - A leading chartered accountancy firm. We help you to navigate through annual reporting requirements and explain why adherence to the Financial Reporting Standard (FRS 102) goes beyond the basics outlined by the FCA. An AIFM must make available to its investors and the FCA for each AIF it manages an annual report.

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What has a SORP Update Bulletin ever done for us?

Menzies

Menzies LLP - A leading chartered accountancy firm. The main “Clarifying amendments” are:- Firstly to ensure that comparative information is provided for virtually all the figures and notes in the financial statements, unless there is a specific exclusion (there are very few exclusions apart from movements in fixed assets).

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What’s the difference between accounting and bookkeeping?

Reckon

An accountant goes further and creates insights and deeper recommendations and analysis based on this data. They also provide tax advice, undertake compliance work, produce financial statements and income tax returns. If you feel you need richer advice, you may wish to consult an accountant.

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Super-Deduction Substituted by Full Expensing

Menzies

Menzies LLP - A leading chartered accountancy firm. Taxpayers must also consider the most efficient way to use their taxable losses, either through a loss carry back claim, group relief or consortium relief, especially now with the main rate of corporation tax amplified from 19% to 25% on 1 April 2023.

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The challenge of IFRS compliance

Menzies

Menzies LLP - A leading chartered accountancy firm. Failure to apply IFRS 15 properly could lead to a material misstatement of revenue and profit in a business’ financial statements.

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Focusing on Sustainability for UK Hospitality & Leisure Businesses

Menzies

Menzies LLP - A leading chartered accountancy firm. CO2E Reporting Large entities are already required to report on their CO2 emissions within their financial statements. Communicating these goals: You should consider communicating them to stakeholders either on your website or in your financial statements (or both!)