Category: Latest Accounting News

From 1 January 2026, UK businesses reporting under FRS 102 will need to follow the new lease accounting rules. A quick summary of what’s changing: Early adoption is allowed, but full implementation is required for periods starting from 1 January 2026. So to get ahead of the curve – Now is a good time to: […]

IFRS 18 is a new accounting standard issued by the International Accounting Standards Board (IASB) in April 2024, replacing IAS 1 Presentation of Financial Statements. It becomes effective from 1 January 2027, with earlier adoption permitted. IFRS – New IFRS Accounting Standard will aid investor analysis of companies’ financial performance Key Improvements in IFRS 18

Are you sitting on an amazing business idea unable to launch because the technology costs areprohibitive? Are you stuck refining your MVP scope endlessly and testing the market without thetech to prove your business idea for real? Then the SuperTech Seeds pre-accelerator is just for you. Check the link 👇 below. https://www.supertechwm.com/seeds

Enterprise Nation is collaborating with Monzo to provide financial support to help you develop yournext business idea, game-changing new product or service, or growth strategy. Three small businesses will receive cash grants: £10,000 for first place, £8,000 for second and£7,000 for third Apply for your chance to win a share of £25,000. Thanks to Monzo […]

OpenAI has just introduced AI Agent, and it’s a game-changer! 🔥 Tasks that used to take hours can now be completed in minutes. Operator, an AI agent powered by ChatGPT, can browse the web and perform complex tasks. Currently in research preview with some limitations, it’s designed to improve with user feedback. It’s available now […]

Benefit in Kind (BIK) rates are increasing by one per cent in each tax bracket, for every type of vehicle. The rates range from 21 per cent to 37 percent, with higher emission vehicles having higher BIK rates.Electric vehicles currently have a low BIK rate of two per cent, but from April 2025, this will […]

EVs will no longer be exempt from road tax after 1 April 2025 and will need to pay the standard rate (expected to be £165).But if you buy an EV after April 2025, you’ll also need to pay a first-year rate of £10 (currently free) and an Expensive Car Supplement if the list price is […]

Application Link: https://www.mastercardfoundation.fund.cam.ac.uk/news/call-applications-mastercard-foundation-scholarship-program-university-cambridge Apply for the Mastercard Foundation Scholars Program at the University of Cambridge. Fully Funded. Share this with your ZAI and ZPUK network or to someone who might benefit. This fully funded program supports citizens of African Countries in pursuing full-time master’s degrees for one year at Cambridge University in the UK. Students […]

A Fixed Asset Policy establishes the guidelines for managing, accounting, and safeguarding an organization’s fixed assets. Below are the essential components of such a policy: Define the objective of the policy (e.g., to ensure proper management, accountability, and reporting of fixed assets). Specify the assets covered (e.g., property, plant, and equipment) and any exclusions (e.g., […]