Contemporary houses in Dordrecht

REAL ESTATE AND REPORTING IN ACCORDANCE WITH DUTCH GAAP AND EFFECT ON CORPORATE INCOME TAX ACT 1969

By Ronald Krol, EJP Accountants & Adviseurs

When reference is made to real estate within the Dutch reporting rules on property, the (intended) use should be distinguished for property for own use (Guidelines for annual reporting hereinafter referred to as: RJ 212) and investment property (RJ 213 / Guidelines for annual reporting for small legal entities, hereinafter referred to as: RJk B2).

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Cape Town

IFRS 15: Revenue from contracts with customers

By Allan Mundell, Nolands SA

IFRS 15 is effective for accounting periods that start on or after 1 January 2018. As with various other recent amendments and new standards issued by the International Accounting Standards Board, the standard provides choices of the process to follow on transition.

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Stepstones

After having taken some big steps, a beautiful journey lies ahead

By Roland Ogink, deJong & Laan

People take steps with a goal in mind. They want to get somewhere; reach a point on the horizon. The same applies to us. Sometimes, we move towards our goal in a straight line, while at other times, the road bends or has side paths. Straight ahead with a bend every now and again. The point on the horizon is clear to us; to become the best audit practice for SMEs!

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Thailand moves towards CRS compliance

By Paul Gambles, MBMG Group

On 26 January 2017, Thailand took a step towards compliance with the Common Reporting Standard, an international system for different tax authorities to exchange information. After several years of delay, the Kingdom joined the Global Forum on Transparency and Exchange of Information for Tax Purposes, becoming its 139th member.

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leader looking out of the window

Why Your Leaders Leave You and How to Retain Them: Get Prepared!

By Sameer Kamboj, SKC World

Leadership attrition refers to a phenomenon when top level management or partners exit an organisation. There are many reasons and explanations given for it by the leaders. But how do we know the exact reasons for leadership attrition, and how can one manage this kind of attrition? This article attempts to cover these questions.

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Nürnberg

IASB Modernises the Concept of Materiality: What is New?

By Dr Thomas Geiger, Munkert & Partner

In October 2018, the International Accounting Standards Board (IASB) issued amendments to IAS 1 and IAS 8 in the context of applying IFRS. The amendments clarify the definition of “material” and how it should be applied. More definition guidance is provided, and the accompanying explanations have been improved. Finally, the amendments ensure that the definition of “material” is consistent throughout all IFRS pronouncements. The changes are effective for periods beginning on or after January 2020, although earlier application is permitted.

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