Investing in gender equality is a proven driver of performance and a competitive advantage.
Appointed first provisional liquidators in Jersey
IFRS 19 ‘Subsidiaries without Public Accountability: Disclosures’ (the Standard) creates a reduced set of disclosures that certain in-scope entities can elect to apply instead of the disclosure requirements set out in other IFRS Accounting Standards.
For those who are involved with, or run struggling businesses with much reduced income, many are unclear what the most important things to consider are and equally who they might be able to turn to in their plight.
The International Accounting Standards Board (IASB) regularly publishes new International Financial Reporting Standards (IFRS), Interpretations of Standards (IFRIC) or amendments to existing IFRS Standards.
Since 6th April 2019, the scopes of UK Capital Gains Tax (“CGT”) and UK Corporation Tax (“UKCT”) have been extended to now include gains realised by non-UK residents on both direct sales of UK property, and on the sale of interests held in companies which are deemed to be ‘UK property rich.’
The International Accounting Standards Board (IASB) has issued ‘Amendments to IFRS 17 ‘Insurance Contracts’’ (the Amendments).
If the widespread impact of COVID-19 began during the entity’s reporting period, the impact will be reflected in its financial statements for that period.
As a result of COVID-19 entities are generally expecting to experience significant declines in revenue and decreases in progress of delivery of performance obligations for long-term contracts.
In July 2020, we will see the implementation of two new tax regimes, which have the purpose of continuing the efforts towards visibility for tax authorities of arrangements, which have at their heart, the potential avoidance of tax.
There have been number of social distanced conversations where people have asked whether they can claim against their tax bill for the additional expenses that they have incurred by working from home
Ben was recently appointed to Guernsey’s first Insolvency Rules Committee by the Committee for Economic Development.
Grant Thornton are pleased to share the results of their Channel Islands COVID-19 Business Impact Survey - A Guernsey focus
Grant Thornton launched a survey in association with the Jersey Chamber of Commerce to measure how local businesses are coping in the face of the COVID-19 pandemic.
The Government has launched a series of measures to help you and your business navigate these turbulent times.
Resilience and Cashflow management, critical elements to get right in a crisis
As the impact of a novel strain of coronavirus (COVID-19) continues to unfold around the world, those individuals responsible for preparing financial statements and approving them for issue need to be cognisant of not only what has happened and is happening at the reporting date and the time the financial statements are approved, but also what is likely to happen next.
With the rising impact of COVID-19 being seen worldwide, all industries will face significant disruption to their supply chain, workforce and cashflow. The right response will depend on the specific circumstances you and your business face. However, when experiencing significant stress or distress, we recommend you focus everything you do around the management of cash.