Partnerships - accounting for WIP | AccountingWEB

Partnerships - accounting for WIP

We act for a very active professional practice which is growing, and has partners leaving and joining fairly frequently as a result of growth. The implications of the requirement to value work in progress and spread the tax consequences over ten years are far reaching, and very difficult to see a solution which will be equitable to all partners.
Do you have any advice please?
Lyn Kendry

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Equitable treatment of the catching-up charge

AccountingWEB |
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The essential difficulty is

johngroganjga |
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