Grandfather and Lock-up: Difference between pages

Revision as of 19:30, 7 December 2017

Professional services – working capital management.

Unbilled work in progress, plus debtors, usually in the context of a professional services firm.

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-To exempt pre-existing arrangements from subsequent more restrictive laws or regulation.
+''Professional services – working capital management''.
-Grandfathering may be applied for the full natural life of pre-existing arrangements, or for a more limited period which is considered long enough to allow new and compliant arrangements to be put in place.
+Unbilled work in progress, plus debtors, usually in the context of a professional services firm.
+== See also ==
-'''Example'''
+* [[Debtors]]
+* [[Stock]]
-''The Internal Revenue Service is extending the grandfathering protection for non-US arrangements caught under the Foreign Account Tax Compliance Act (FATCA). The protection is extended from 1 January 2013
+* [[Work in progress]]
-''to six months after the regulations are finalised, estimated to be July 2013 at the earliest. FATCA imposes US withholding taxes and significant compliance obligations on financial institutions such as banks and insurance companies.'' ''(The Treasurer December 2012/January 2013).''
+* [[Working capital]]
-== See also==
-* [[FATCA]]
-==Other links==
-[http://www.treasurers.org/node/9713 Feeling the force of FATCA, The Treasurer, December 2013/January 2014]
-[[Category:Compliance_and_audit]]
-[[Category:Accounting,_tax_and_regulation]]