by alertsprofessionalservices | Jan 10, 2024 | Blog
IAS 1, Presentation of Financial Statements, is about to become an IFRS as it is being replaced by IFRS 18, Presentation and Disclosure in Financial Statements, likely to be issued early this year (2024). A significant change will be the introduction of new subtotals...
by alertsprofessionalservices | Nov 6, 2023 | Blog
VAT is a tax applied to the cost of the supply of goods and services by somebody who is registered as a VAT vendor. In a purchase agreement, it’s important to clarify upfront whether the purchase price of a residential property includes VAT and whether VAT or transfer...
by alertsprofessionalservices | Sep 26, 2023 | Blog
A dividend is a payment not considered as a business expense when calculating corporation tax and corporation tax on losses. Dividends are distributed when all the business expenses have been accounted for, paid from the gross profit. As a shareholder (in either a...
by alertsprofessionalservices | Sep 18, 2023 | Blog
What is Tax Planning? Tax planning can be defined as an arrangement of one’s financial and economic affairs by taking complete legitimate benefits of all deductions, exemptions, allowances and rebates according to laws and regulations to ensure that tax...
by alertsprofessionalservices | Mar 2, 2023 | Blog
Activity-based costing is an approach to the costing and monitoring of activities, which involves tracing resource consumption and costing final outputs. Resources are assigned to activities and activities to cost objects. The latter use cost drivers to attach...
by alertsprofessionalservices | Oct 4, 2022 | Blog
Introduction There are a few taxes that affect estate planning and deceased estates with the most important of those being, income tax, capital gains tax (CGT) and estate duty. A brief explanation of the effect of these taxes on a deceased estate is explained here...
