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Practicewire news

The latest issues concerning practices and sole practitioners.

Coronavirus when to adjust the numbers

As coronavirus continues to spread and more information comes to light about the nature of the virus and its impact, companies with 2019 and early 2020 year-ends need to consider how it affects their business and how the effects should be reported in the accounts.

Engagement letters updated ICAEW Helpsheet

ICAEW has updated its Engagement letters helpsheet. This resource provides guidance for practice firms on what to include in engagement letters for clients, together with sample wordings.

VAT how to disclose an error

If you find an error in a VAT return which has already been submitted, that error may result in a penalty unless it can be shown that it was not the result of careless or deliberate behaviour

How to improve client engagement in 2020

De-cluttering, healthy eating and saving money might be top of many personal new year’s resolution lists – but why not consider your professional resolutions, too?

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