accounting
Employee expenses tax and vat issues
Even finance professionals have been known to incorrectly code their employee expense claims resulting in unexpected tax treatments. David Vine, managing director of GlobalExpense, explains why the tax and VAT issues relating to employee expense claims is a black hole to many and what employers should do about it.
SEC and FASB clarify fair-value accounting standard
Courtesy of the DechartOnPoint Bulletin, we offer a look at how fair-value accounting stands in the light of new statements from the SEC and FASB. It offers details of how investments and assets should be assessed, especially under FAS 157. The new rules may provide a measure of comfort to companies that reasonably believe current market prices for certain assets reflect fire-sale prices or transactions in disorderly markets.
SEC and FASB clarify fair-value accounting standard
Courtesy of the DechartOnPoint Bulletin, we offer a look at how fair-value accounting stands in the light of new statements from the SEC and FASB. It offers details of how investments and assets should be assessed, especially under FAS 157. The new rules may provide a measure of comfort to companies that reasonably believe current market prices for certain assets reflect fire-sale prices or transactions in disorderly markets.
Excel-based report writers; the inside story
Take a look at the Excel-based report writers with a quick summary of how they work. David Carter also gives you a comprehensive set of links to Excel competitors and their data marts to help you improve company reporting.
Accounts payable ROI measurable and beneficial
Harvest Housing discovered that it could measure and benefit from improving its accounts payable system. Simon Stammers of Formscan outlines why his company took the business and why calculating return-on-investment is important.
Cancelling Christmas could result in a tax I.O.U.
Expenses expert, David Vine, looks at the tax implications of company Christmas Festivities and warns that being a Grinch could backfire. He outlines five rules to be followed.
What the chancellor has done for British business
Chancellor Alistair Darling has slashed economic growth forecasts for next year from 2.75% to between minus 0.75% and minus 1.25%, but in a series of measures he said he'd inject an extra £20bn into the economy. Find out the changes and industry comment.
Introduction to company cars and fleet
In a series of stories over the next few weeks, Finance Week will draw together articles giving advice and recommendations on what you should consider when running a fleet or simply paying your employees' mileage.
The Bottom Line:If Mr Cable has his way...
"If Mr Cable had his way, all the big banks would be broken up and bonuses would be virtually eliminated - a sure-fire way in my view of guaranteeing an end to the UK’s ability to compete as an international financial centre. Let’s not forget that this is a man who is on record as saying that everyone who works in a bank has an ‘aristocratic lifestyle’ clearly demonstrating his lack of understanding of the sector." A tough line on bankers’ bonuses could make a brain drain of financial talent a distinct possibility, warns Paul Marsden. Read more