​​​​​​​​​​CA Accounting & Business Solutions Ltd

News & Publications

CA Accoounting & Business Solutions Ltd will regularly update latest news and publications here....

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HMRC launches self-assessment amnesty

​Accountancy Age, 10.07.2013

SELF-ASSESSMENT TAXPAYERS who have failed to submit tax returns are being offered the opportunity to settle their arrears in an HMRC campaign

 

FASB Releases Standard to Clarify Investment Company Accounting

​Accounting Today, 07.06.2013

The Financial Accounting Standards Board has issued an accounting standards update providing a new approach for determining whether a public or private company is an investment company.

ACCOUNTING FOR FINANCIAL INSTRUMENTS

​FASB updated on, 24.05.2013

U.S. Generally Accepted Accounting Principles (GAAP) defines a financial instrument as cash, evidence of an ownership interest in a company or other entity, or a contract that does both of the following:

1. Imposes on one entity a contractual obligation either:

   1. To deliver cash or another financial instrument to a second entity

   2. To exchange other financial instruments on potentially unfavorable terms with the second entity.

2. Conveys to that second entity a contractual right either:

   1. To receive cash or another financial instrument from the first entity

   2. To exchange other financial instruments on potentially favorable terms with the first entity.

PPI proposes 30% single rate tax relief to boost saving

​​Accountancy Age, 15.07.2013

THE PENSIONS POLICY INSTITUTE (PPI) has suggested a single rate tax relief of 30% would encourage more basic rate taxpayers to save for retirement with little cost to the government, Accountany Age'ssister title Professional Pensions reports.