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IFRS 16 accounting

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IFRS 16 accounting

IFRS 16 is arguably one of the most significant changes to lease accounting in a generation.

Introduced in January 2019, it has affected most companies that were already reporting under IFRS and has had a major impact on the financial statements of property leaseholders and businesses that lease high-value equipment.

We are IFRS 16 experts at R Johnson. We can help you make sense of the requirements and how they apply to your organisation.

We can provide either consultative guidance or a fully outsourced service to meet your needs.

Our experts can assist by:

Completing an impact assessment
Engaging with stakeholders in your organisation
Recording all your lease assets on an industry-leading IFRS 16 reporting tool
Providing technical guidance on a lease or buy decisions and other technical queries

Producing monthly or quarterly IFRS 16 reporting and journals for your accounting systems
Producing IFRS 16 notes to the financial statements for your statutory accounts
Updating you on any changes
Maintaining your IFRS 16 records

Why choose us

Robert and his team took time to get to know my business and what I do. I feel secure to know that there is always quality advice on hand. They

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R Johnson drove our business forward with relentless pursuit and determination. By helping us put effective processes in place to support accurate reporting, facilitating agile and informed decision making.

Steve S

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R Johnson helps me stay on top of my HMRC and Companies House filing year on year. I don’t miss any deadlines, and I am aware of what is payable

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I know I can always rely on R Johnson to provide accurate technical guidance on accounting and tax matters. Over the years, the support has been excellent, saving me thousands

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R Johnson helped set-up our IFRS 16 reporting tool, providing professional guidance from impact assessment to fullscale delivery and finally handover to our in-house team. We have been able to

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We approached R Johnson for help with technical papers and clarification on a sensitive leasing issue involving IFRS, FRS 102, and organizations in the public and private sectors. R Johnson

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Our experience with R Johnson has been a consistently high level of outstanding work, with clarity, timely communications, and remarkable accuracy. We can’t ask for much more.

Dave T

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What our clients say

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You probably already know all about the new IR35 changes that are coming our way next April, but have you taken the time to work out what it means for you? Here at R Johnson Ltd., we have all the information you need and offer the protection that umbrella employees need.

Inside IR35

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How Do Umbrella Companies Work?

It is simple, you send us your approved timesheets, and we will make sure that you get the money that is owed to you on time. If you have been looking at an umbrella companies calculator online, then you will see how much other companies will charge you, and that figure can eat into your pay significantly. Our umbrella company's fees amount to just £80 + VAT per month, and for that, you get access to expert advice and support so that you can depend on getting paid on time.

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What's Next?

If you like the sound of what we have to offer and want to get prepared for the new IR35 rules, then get in touch with us to discuss your requirements. It's never been easier to sort out your finances, and with a Payd Umbrella service like ours, you will never need to wait to get paid again!

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IFRS 16 accounting

IFRS 16 is arguably one of the most significant changes to lease accounting in a generation.

Related Services

Why choose us

The TaxStats App provides a single portal to access information and digital tools, enabling us to provide a wide range of services to you.

Get in touch

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Inside IR35

Choose R Johnson Ltd.

How Do Umbrella Companies Work?

What's Next?