Overview
In this session we will deal with the accounting and tax treatment of long-term construction contracts with specific reference to the following:
Treatment of costs incurred to date, revenue received to date and accounting recognition of profits/losses.
Gross Income definition and progress payments, deposits and retentions.
Sections 22(2A) and 22(3A).
Section 24C allowances.
Deferred tax.
VAT pitfalls and opportunities.
Please join us for this highly informative and practical session.
Information
Date: 19 March 2024, Tuesday
Time: 16:00-17:00
Format: Online Live Streamed event
Recording: Loaded to your CIBA Academy profile if you registered prior to the event date
Content/Topics
Treatment of costs incurred to date, revenue received to date and accounting recognition of profits/losses.
Gross Income definition and progress payments, deposits and retentions.
Sections 22(2A) and 22(3A).
Section 24C allowances.
Deferred tax.
VAT pitfalls and opportunities.