The Financial Reporting Council (FRC) has amended FRS 102, effective from 1 January 2026 (early adoption from 2025), aligning lease accounting more closely with IFRS 16. Entities must now capitalise most leases, recognising a right-of-use asset and lease liability on the balance sheet. Find out more...
Shaw Gibbs is delighted to announce the appointment of Emma Coughlan as VAT Partner, further strengthening the top 40 firms’ tax advisory offering. Emma joins the firm with over 17 years of experience in indirect tax, having held senior roles at Big 4 firms Deloitte and EY. Her specialist knowledge spans professional practices, retail, and land/property,
The One Big Beautiful Bill (OB3) has arrived. From a tax standpoint, it seems that OB3 was inevitable: when the Tax Cuts and Job Act (TCJA) became effective 1st January 2018, most of the tax provisions were set to expire on 31st December 2025. As we get close to this date, how do we know whether any of the provisions would stick around? OB3 has provided answers to that and more.
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Harriet Sergeant
Partner
