New Accounting rules and dividends
From next year many businesses will see their accounts change in presentation and in some cases, computation, as a result of the new FRS102 rules (and variations related to this). The new rules may have an impact on asset values and goodwill amortisation amongst others and require not only a change to the current year but also the comparative figures. For most businesses the disclosures may have different headings but the numbers will be the same but for some, this will not be the case and identifying the amount of reserves available to distribute as a dividend may become less straight forward. As the new rates of dividend taxation come ever closer and consideration of payments of dividends pre 5 April is a hot topic, untangling the distributable from the non-distributable and making sense of the new rules is something with which we can help businesses and their stakeholders.
Date: 5th January, 2016
Articles from this Author
1st November, 2018
Budget 2018 - Changes for businesses
22nd October, 2018
Making the most out of your home? Rent a room relief
3rd May, 2018
Tax changes for non-resident corporate landlords
4th April, 2018
EMI options - a current risk
Contact Business Service Partners
Choose from the drop down menu below to select a Partner to contact.
For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole