A preference share is like any other Long Term Liability in that it must be paid back when due and its interest must also be paid on dates agreed. Equity holders get paid dividend only when there are sufficient profits available for distribution.

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It’s a term that is seen as difficult and complicated, almost like a science for non-financial professionals. Gearing is actually very simple and here we show you how simple.  

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If you work for a diversified group, chances are you are somehow involved in transfer pricing, a tricky process whereby appropriate prices for intra-group trading are set. Let’s have a look at how it works and, importantly, how it can lead to wrong decisions.

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There are calls for improving the European Union’s fight against money laundering by centralising more of it. What are the issues with the system as it stands? 

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You would be excused if, when reading the news these days, you thought that shell companies have no legitimate use. 

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An entity’s tax jurisdiction is usually the country or area in which the entity is domiciled, i.e. the so-called place of tax residency. 

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How is tax shown in the financial statements of a company? How can taxable profit differ from accounting profit? We answer your questions! 

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An asset either has a current or intrinsic value, for example cash, or it can be used to generate future revenues. In the case of footballers, as previously discussed, there are various ways that they can be seen to be valuable, key being of course the club’s ability to sell merchandise thanks to them. 

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How do you account for talent? It’s one thing to create value, and another to report it!

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How do you classify an asset? These three questions must be answered in the affirmative...

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