Are partnerships bound by the accrual rules? Do I need to bring in accounts receivable and payable into the annual accounts, or is that just for companies?
Read MoreA client received shares as part of an inheritance. Is this taxable income? They are not a share trader.
Read MoreClient wants to start trading on virtual currency (cryptocurrency) such as bitcoin. Do they need any license for trading? What processes need to be followed before trading commences? If a license is required, which government department will deal with the application?
Read MoreMy client has implemented a new bonus scheme for his staff so that they are paid a “share of profit” of the company and this is calculated when the annual accounts have been drafted (probably in June). Once calculated, he wants to post that bonus back into the March 2019 year before we finalise the accounts but I don’t know whether I am comfortable with that given the actual payment will be through the payroll in the current financial year. Can you please advise the correct treatment?
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