February 5, 2015

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How small is small? New Accounting Directive news

BIS has issued its proposals on the UK implementation of the EU’s new Accounting Directive on financial statements and is proposing the following limits: Present Proposed Turnover £6,500,000 £10,200,000 Total Assets £3,260,000 £5,100,000 Average no. of employees 50 50 These proposals, if adopted, will apply to accounts beginning on or after 1 January 2016. An interesting… Read More