1-817-689-8245
 
1-817-689-8245
gaditetaxservice@gmail.com
 
gaditetaxservice@gmail.com
  • About us
  • Services
  • Document Upload
  • Contact us
  • Calendar
  • PL
  • About us
  • Services
  • Document Upload
  • Contact us
  • Calendar
  • PL

Tax Calculation

Gadite Tax Services - Dallas Fort Worth Tax Preparation Services > Taxes > Tax Calculation

FRS 102 bears more than a passing resemblance to the International Financial Reporting Standard for SMEs, as issued by the International Accounting Standards Board in 2009, although it has been amended to be more compliant with the Companies Act and EU directives, and incorporate some old UK GAAP options.

The new standard impacts a huge swathe of businesses, as it applies to the vast majority of large and medium-sized UK businesses and organisations, including charities, retirement benefit plans and financial institutions. Effective of January this year, ‘small entities’ was broadened to encompass small companies and LLPs not excluded from the small companies / LLPs regime. In addition, FRS 102 applies to all entities that are neither required nor elect to apply EU-adopted IFRSs.

As regulatory changes go, this has been a big one, hence early adoption was encouraged. Bigger still is the official documentation that practitioners have had to acquaint themselves with, at around 350 pages – but on the plus side, it is only a tenth the length of the old GAAP documentation!

Categories: Taxes, Uncategorized
About Gadite
  • Gadite is a Nationwide Tax Service Provider based in Dallas Texas having prepared more than 5,000 tax returns since 2006. We are certified in all 50 states recovering over 14 Million for taxpayers.
    With more than a decade of experience and thousands of satisfied clients, we are proud to say that we work by appointments only to ensure that each client tax situation is maximized. We currently hold a 99% Refund Approval Rating.
  • DFW Office
  • DFW Office

    • Physical Location610 Uptown Blvd suite 244, Cedar Hill, TX 75104
    • Phone:469-523-1459
    • Email:gaditetaxservice@gmail.com
    • Gadite is a Nationwide Tax Service Provider based in Dallas Texas having prepared more than 5,000 tax returns since 2006. We are certified in all 50 states recovering over 14 Million for taxpayers.
      With more than a decade of experience and thousands of satisfied clients, we are proud to say that we work by appointments only to ensure that each client tax situation is maximized. We currently hold a 99% Refund Approval Rating.
    • DFW Office

      • Physical Location610 Uptown Blvd suite 244, Cedar Hill, TX 75104
      • Phone:469-523-1459
      • Email:gaditetaxservice@gmail.com

    ©2021 Gadite Tax Services - Dallas Fort Worth Tax Services