I have been prompting a friend to keep records of a very small side hussle and make a tax return.  They are also employed.

The Exposure Draft for SORP 2026 introduces new expectations for the reporting of volunteer contribution. For practitioners supporting charities, this marks a shift in emphasis from pure financial ...

Hi, I understand that you pay twice half of what you earned this year on account in the next year. I was expecting to earn less this year so I reduced my ...

Sole trader client (online retail business) has made a small amount of sales via paypal in foreign currency.

Hello everyone, looking for input from anyone with *CIC experience *especially around asset lock rules and director’s loans.

Studies show that knowledge workers can lose up to 20% of their workweek to a single task: searching for information [1]. For accounting teams, that's an ...

The UK government are planning to amend the MLR 2017 later this year. Here's what they say - ...

With the prudence concept, i.e. there is a higher burden of proof for revenue recognition than for expense recognition, what steps does one need to take to ...

Pricing is an ever-present problem for any accountancy practice. Sometimes the challenge centres around the fact only one person in the ...

It would be helpful if you gave some indication of what you found interesting about it, without asking people to wade through pages of case summaries.

Since the Scotland Act 2016, some taxes are completely devolved, some are partly devolved and some UK taxes are assigned to ...

Making the move from industry to owning an accountancy practice is an appealing prospect for many professionals seeking greater freedom, the ...