Do Not Mourn Over Loans – The Derby Accountants Will Take Care

The new Accounting rules and standards have thrown light on some of the lesser-known aspects of accounting like loans, which used to be given and taken on a zero interest basis. The business had the benefits of borrowing from a shareholder but without an interest payment. But that has stopped now because all loans will have to be accounted on fair values for interest calculation. Local accounting firm like Your Derby Accountants is here in Derby to help you.