A committee of Parliament recommends that Scotland controls their income tax

A committee of Parliament recommends that Scotland controls their income tax Parliament’s Smith Committee, charged with assessing the powers handed to Scotland, has recommended the transfer to the region, powers to set the income tax and also assume responsibility for the electoral law. These recommendations, which would be the greatest transfer of powers to the…

Fundamentals of Accounting

Accounting Fundamentals • What is accounting? Accounting is the method by which the financial information of an economic entity is recorded, classified, interpreted and communicated; this in order for it to be used by managers, investors, government officials and other individuals and companies to help making decisions about resource allocation and utilisation. At the heart…