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Practical, plain-English guidance on audit, tax, VAT, accounts and advisory — written by our chartered accountants.

1224 articles · page 27 of 102

GRC Software: Fix the Taxonomy Before You Buy the Platform

Governance, risk and compliance software promises a single place to hold the risk register, the controls, the policies, the incidents and the audit findings — replacing the spreadsheets and shared…

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iXBRL Tagging: Your Accounts Are Data Now

Company accounts are no longer documents as far as the authorities are concerned. They are data. Every set of accounts and computation filed with a corporation tax return must be tagged in iXBRL —…

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Clearing the House Before Probate: What Goes Wrong

After a death, the family wants to start clearing the house and the bank wants a grant of probate before it will release anything. Between those two facts sits a period of uncertainty in which…

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Debt Advisory: The Market Beyond Your Own Bank

Debt advisory is the work of getting a business the right borrowing on the right terms — and, more often than owners expect, of establishing that the borrowing it has is the wrong shape. It is not…

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The Outsourced DPO: Independence You Cannot Fake Internally

Not every organisation needs a data protection officer, and a good many that have appointed one have appointed the wrong person. The role is defined in law, carries statutory protections, and…

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The Outsourced Finance Function: Buying Roles, Not People

Between "a bookkeeper one day a week" and "a finance director on the payroll" there is a gap that most growing businesses fall into. Turnover has reached the point where the numbers matter and…

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Valuing Intangibles: Putting a Number on What Is Not There

Most of what a modern business is worth does not appear on its balance sheet. The brand, the customer relationships, the software, the data, the assembled workforce — all of it drives the price a…

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The Purchase Ledger: Where the Money Actually Leaves

The purchase ledger is the record of what a business owes its suppliers: every invoice received, every payment made, and the balance outstanding on each account. It is the least glamorous ledger…

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Accounting for Share Options: A Cost With No Cash

Granting share options costs the company nothing in cash, and that is exactly why the accounting surprises people. Under both FRS 102 and IFRS 2, an option granted to an employee is remuneration…

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What an External Audit Is — and What It Is Not

An external audit is an independent opinion on whether a set of financial statements gives a true and fair view. It is not a search for fraud, not a health check on the business, and not a…

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