January 13, 2016

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Interaction of new company size thresholds and FRS102

New company size criteria come into force in 2016. For companies with periods commencing on or after 1 January 2016, so effectively for 31 December 2016 year ends, the size limits for small companies increase as follows: Turnover – £10.2m (from £6.5m) Gross assets – £5.1m (from £3.26m) Number of employees – unchanged at 50… Read More