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New SORP – An Update

The accounting rules for charities, set out in the Charities SORP (Statement of Recommended Practice) derive from Financial Reporting Standard 102 (FRS102) which is published by the Financial Reporting Council (FRC). Previously we reported on developments in the production of a revised SORP with the expectation that it would likely be implemented with effect from…

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Chancellor’s Spring Statement

Chancellor Jeremy Hunt delivered his ‘Autumn Statement for Growth’. Lots on the economy and growth predictions. In our Summary we provide an outline of the main areas covered in this Statement. For our latest updates follow us on LinkedIn, Facebook and Twitter.

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Wylie & Bisset urges SMEs to tackle late payment through automation

While welcoming the UK government’s plans to launch more stringent initiatives to curtail the persistent problem of late payments to SMEs as a step in the right direction, Wylie & Bisset, Accountants and Business Advisers, notes that the initiatives apply only to larger businesses with a turnover in excess of £10 million. Mark Mulholland, partner…

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