Last month we reported on a series of changes announced to the Financial Reporting Standard 102 – known as the 2025 Triennial Review. One of the major impacts on many small businesses will be changes to lease accounting. This will directly affect how SMEs accounts are...
The Financial Reporting Standard 102 (FRS 102) is the principal accounting standard for small and medium-sized enterprises (SMEs) in the UK and the Republic of Ireland. Since its introduction in 2015, FRS 102 has provided a simpler alternative to International...
In the UK, company size thresholds dictate various statutory requirements, such as financial reporting and audit obligations. These thresholds have remained unchanged since January 2016. It was proposed in March that these thresholds be reviewed as part of the...
The SEISS scheme has been extended and, if you are entitled, you will be able to claim a second, and final grant in August 2020. Read more about the latest updates to the scheme here.
The Coronavirus Job Retention Scheme (CJRS) will close on 31 October 2020. Find out more about this week’s updates to the Coronavirus Job retention Scheme here.
