What Is a Break Clause (Leases)
It is common practice for lease agreements to contain a break clause, especially when the lease is in relation to the rental of a property (a tenancy agreement).
What is the Difference Between an Operating Lease and a Finance Lease
The main difference between an operating lease and a finance lease is the nature of the ownership of the underlying asset. Generally, an operating lease would be classed more
Accounting for an Invoice When the Goods Haven’t Been Received
However, what if on the flip side, we have an invoice come in but have not yet received the goods/services.
Calculating the Fixed Overhead Expenditure Variance
If a company operates under marginal costing, there can only be one type of fixed overhead variance: A fixed overhead expenditure variance. (sometimes referred to as fixed overhead spending variance) …
How the Tax Personal Allowance Works
As soon as annual earnings go over £100,000 the personal allowance starts to be reduced: