Taxation on the drawing board (Record no. 117247)

MARC details
000 -LEADER
fixed length control field 01404cam a2200229 4500
001 - CONTROL NUMBER
control field ABS67776
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 040426n2004 000 0 eng u
035 ## - SYSTEM CONTROL NUMBER
System control number (Sirsi) u126003
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Bull, G.
245 ## - TITLE STATEMENT
Title Taxation on the drawing board
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. 2004
490 ## - SERIES STATEMENT
Series statement Architects' Journal
Volume/sequential designation 219(13) 1 April 2004, 46(1)
520 ## - SUMMARY, ETC.
Summary, etc. Looks at recent changes to the way in which professional practices account for revenue, highlighting that professionals will have to pay tax on work for which they have yet to bill. Comments that firms will have to include profit on work done, including equity partners' time, at the balance sheet date. Previously, equity partner time was recognised in the accounts only after the bill for the work had been delivered to the client. The new ruling could leave firms significantly out of pocket. Professional firms await a definitive interpretation of the new regulations from accountancy bodies, but it is unlikely they will be able to spread the liability over a number of years. Suggests that firms seek guidance from accountancy professionals and spend time reviewing their billing and cash collection procedures.
590 ## - LOCAL NOTE (RLIN)
Local note ABS
590 ## - LOCAL NOTE (RLIN)
Local note ABS
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element PROFESSIONAL PRACTICES
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element FINANCIAL REPORTING STANDARD 5
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element LIMITED LIABILITY PARTNERSHIPS
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element LIMITED COMPANIES
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN)
Topical term or geographic name as entry element TAXATION
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Suppress in OPAC 0
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Home library Current library Shelving location Date acquired Total Checkouts Full call number Barcode Date last seen Copy number Price effective from Koha item type
    Dewey Decimal Classification     London London Journal article 26/04/2004   ABS67776 126003-1001 06/08/2019 1 06/08/2019 Journal article