Great article! what about partnership returns - if we extended the AP do we reflect that on one partnership return? We have some accounts colleagues who have jumped the gun and prepared accounts to the YE 31 December 2023 when the client may want to change the AP to 31 march. I am inclined to say the accounts need redoing to 31 March 2024 for the partnership return!
My answers
Great article! what about partnership returns - if we extended the AP do we reflect that on one partnership return? We have some accounts colleagues who have jumped the gun and prepared accounts to the YE 31 December 2023 when the client may want to change the AP to 31 march. I am inclined to say the accounts need redoing to 31 March 2024 for the partnership return!