The revised FRS 102 lease accounting rules will bring important changes for many leisure and hospitality businesses, particularly hotels, pubs, restaurants, visitor attractions and other operators with leased properties with the biggest impact being felt by operators with larger estates. Whether you operate hotels, pubs, restaurants or visitor attractions, it is likely property will represent…
Why environmental, social and governance issues now matter at farm, processor and board level Environmental, Social and Governance, widely referred to as ESG, provides a framework for understanding how sustainability-related matters affect a business and how its activities affect people and the environment. The environmental pillar covers areas such as climate change, energy, water, pollution,…
Revenue has adopted a more formal approach to enforcement of the reporting required under new Enhanced Reporting Requirement (ERR) legislation. Employers are now receiving Level 1 compliance intervention letters where ERR filings are missing, late or incomplete, and Revenue is using data analytics to cross-check submissions against payroll, VAT and corporation tax records. If you…
Boards tend to think of governance in terms of committees, policies and reporting lines. In practice, much of it is decided far lower down, in how a transaction is documented, how a balance is reconciled and how a tax position is supported. The accounting and tax function is where governance either holds up or quietly…
In 2024, Forbes reported that video games are developing future leaders. The article cited countless hours spent in virtual worlds as ‘shaping a new generation of leaders who navigate complex business challenges with the same strategic precision they once used to conquer digital realms’ – a generational change revolutionising how businesses approach decision-making. With these…
Back in the spring, Cyprus’ tourism industry faced a difficult and uncertain outlook. The sharp decline in arrivals during March and April raised concerns across the sector and forced many businesses to revisit their forecasts and contingency plans. Fast forward a few months and the picture is much more encouraging. According to the latest CYSTAT…
This article was co written by Mark Lumsdon Taylor and Sabrina Freitas. We should not be surprised. Every stunted potato in a field, and every brown, scorched pasture across the wider UK countryside is not an ‘Eclipse’ moment or event. It is the simple and inevitable arithmetic of a planet that has just lived through…
Emeritus Professor Joe Nellis is Head of Economic Research at MHA, the accountancy and advisory firm. With inflation rising to 3.3% in August and Brent crude oil once again above $100 a barrel, the European Central Bank has decided that the European — and global, economy is no longer facing merely a short-term inflation shock.…
The AI talent challenge nobody is talking about. Artificial intelligence is rapidly becoming the defining business story of the decade. Organisations are dedicating significant resources to automation, data systems, and AI tools to increase productivity and efficiency, accelerate decision-making, and cut costs-but this focus risks overlooking deeper organisational implications. The commercial logic for the uptake…
