Reconciliation is a fundamental accounting process that will ensure your financial records are accurate and complete. But it is surprising how many businesses do not undertake them. What is it? Reconciliation is the process of comparing accounting records to supporting documentation (for example, the bank balance on the balance sheet to the bank statement) to ensure they match, if not, further investigation is required to figure out why. There are several reasons why a varian

INSIDE THIS EDITION New year’s aspirations 1 New trust annual return requirements 2 The 39% rate change 3 Directors' duties 3 Snippets 4 COVID support packages 4 Pink collar crimes 4 New year’s aspirations For many, a new year signals the start of a fresh beginning allowing goals and motivation to be reset. We typically try to leave the downsides of the prior year in the past and reassess our aspirations for the year to come. However, given the year that was 2020 and the