Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from CBM Accounting Limited, Accountant, Office 324 Olympic House, 28-42 Clements Road, Ilford, Essex, ., London.
CBMC is a multinational company that operates in the United Kingdom, United Arab Emirates, and Pakistan and has been providing professional services in accountancy, advisory, assurance, corporate legal, and tax for over 2 decades.
24/10/2025
Sustainability reporting in the UK requires businesses to disclose their environmental, social, and governance (ESG) impacts, promoting transparency, accountability, and compliance with regulations like the UK Companies Act and TCFD framework to support responsible growth.
To know in detail, visit our website: www.cbmaccounting.co.uk
22/10/2025
IR35 (off-payroll working rules) aims to prevent “disguised employment” by determining whether a contractor working via a personal service company is really an employee for tax purposes. Since April 2021, in the private sector the responsibility for assessing a contractor’s status has shifted to medium/large clients (not small companies) if a contract falls “inside IR35”, tax and National Insurance must be deducted via PAYE as if the contractor were an employee.
To know in detail, visit our website: www.cbmaccounting.co.uk
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08/10/2025
Accounting supports business growth in the UK by providing accurate financial insights, ensuring tax compliance, improving cash flow management, and guiding strategic decisions that enhance profitability and sustainability.
For further details, visit our website: www.cbmaccounting.co.uk
07/10/2025
Accounting plays a vital role in business growth in the UAE by ensuring accurate financial tracking, compliance with tax laws, and informed decision-making. It helps businesses manage cash flow, plan budgets, meet corporate tax and VAT requirements, and build investor confidence for sustainable expansion.
🌐 For further details, visit our website: www.cbmc.ae
06/10/2025
Making Tax Digital (MTD) Phase 2, set to roll out in the UK from April 2026, mandates digital record-keeping and quarterly tax submissions for sole traders and landlords with income above £50,000, expanding to those above £30,000 in April 2027 and £20,000 in 2028.
For further information, visit: www.cbmaccounting.co.uk
02/10/2025
The UK has aligned its revenue recognition standards with IFRS 15, effective from January 2026. This introduces a five-step model requiring businesses to identify contracts, obligations, transaction prices, and allocate revenue accordingly. The change enhances transparency, comparability, and consistency in financial reporting across industries.
For more information, visit our official website: www.cbmaccounting.co.uk
30/09/2025
Businesses and accounting professionals are increasingly embracing AI, automation, and digital tools. Around 39% of businesses are already using AI, with another ~30-31% planning to adopt. In accounting firms, adoption is higher: many are using AI for tasks like invoice processing, forecasting, and fraud detection, freeing up time from routine work to focus on advisory roles. Key benefits cited include productivity gains, cost savings, and improved operational efficiency.
Learn more! Visit our official website: www.cbmaccounting.co.uk
26/09/2025
The UK Finance Act 2025 introduces major reforms, including abolishing the remittance basis for non-domiciled individuals, raising Capital Gains Tax rates, removing VAT exemptions on private school fees, and increasing the Energy Profits Levy, alongside updates to multinational tax and R&D regimes.
For further information, visit: www.cbmaccounting.co.uk
24/09/2025
The UK is implementing major regulatory and oversight reforms, including replacing the FRC with the stronger ARGA, expanding the scope of Public Interest Entities, tightening sustainability and climate-related reporting standards, reforming local authority audits, and streamlining reporting requirements while enhancing accountability and transparency.
To know in detail, visit our website: www.cbmaccounting.co.uk
19/09/2025
From 6 April 2024, cash basis accounting became the default method for sole traders and partnerships, removing earlier turnover thresholds (previously £150,000 to join and £300,000 to exit) and some restrictions on interest deductions and loss relief, making tax reporting simpler for many small businesses.
Learn more! Visit our official website: www.cbmaccounting.co.uk
17/09/2025
From 6 April 2025, the UK has raised the monetary size thresholds for micro, small, and medium companies under the Companies Act. Turnover, balance sheet total (gross assets), and employee number limits are all increased—e.g. small companies’ turnover limit goes from ~£10.2 million to £15 million, and balance sheet total from ~£5.1 million to £7.5 million.
For further information, visit: www.cbmaccounting.co.uk
15/09/2025
IFRS 18 replaces IAS 1 from 2027, requiring UK companies to present income and expenses under standardized categories (operating, investing, financing), introduce new subtotals like operating profit, disclose management-defined performance measures with reconciliations, and apply stricter aggregation/disaggregation rules, all aimed at improving comparability and transparency in financial reporting.
To learn more, visit our website: www.cbmaccounting.co.uk
