Greetings Friends of Oury Clark,

For accounting periods beginning on or after 1 January 2026, the updated FRS 102 standards officially come into force – but the bigger story is what they’re becoming.

Think of FRS 102 as the familiar, practical framework many UK businesses know well. IFRS, on the other hand, is its larger, more complex global cousin – heavier on judgement, disclosure and technical detail. And with the latest updates, FRS 102 is moving noticeably closer to that world.

The two biggest shifts? Revenue recognition. Under the new rules, income calculations focus less on the transfer of risks and rewards. Instead, it’s recognised based on when performance obligations are satisfied – meaning businesses need to assess what they’ve delivered, and when. For many, that introduces more judgement, complexity and potential volatility.

Then there are leases. Previously, operating leases could sit quietly off‑balance‑sheet. Now, most leases must be recognised as a right‑of‑use asset and a corresponding liability, bringing them into full view – and often increasing reported debt and assets.

So yes – it’s not quite the full transition towards an IFRS monster… but we’re moving ever so closer. And while the impact may first appear in your year ended 31 December 2026 accounts, the real work starts now.

Start early, and you stay firmly in control. If you’d like help preparing, get in touch – we’ll make sure you’re ready long before the deadlines arrive and help you stay firmly in the real world. Leave it late, and things could get a little Stranger Things.

P11Ds, ERS & PSAs: The July Deadlines You Don’t Want to Miss

July is a busy one for employer filings – and if you provide benefits, expenses or share incentives, this is your moment to act.

It’s a lot – but that’s where we come in. From preparation to submission (and avoiding penalties), Oury Clark can handle the lot for you. In the meantime, check out our quick guides on P11D Reporting Guidance, Common Areas of P11D Confusion, PAYE Settlement Agreements (PSA) and Overview of UK Share Option Schemes.

Join Us During SXSW London & London Tech Week

June is shaping up to be a busy one, and Oury Clark is right in the mix – bringing together founders, investors and advisers focused on cracking the US market.

We’re delighted to be sponsoring two In2America House events designed to help ambitious businesses navigate successful US expansion as well as supporting and hosting our annual network events:

	Wine Tasting for Founders & Funders: 3 June 2026, 3–5pm A more relaxed take on networking, bringing together investors and specialists across leg al, tax, immigration and talent. Expect practical conversations, new connections, and a chance to sample both British and American wines. Register here.
	Breakfast Panel: The Inside Track on US Growth: 5 June 2026, 9–11am A sharp, insight‑led session covering what it really takes to win in the US – from go‑to‑market strategy to hiring and securing investment. Register here.
	SXSW London: It All Starts Here: 3 June 2026, 1:30–9pm We’re also supporting It All Starts Here, alongside Here East, Plexal and LMA – a day of forward‑thinking discussions on talent, AI and innovation (plus a Texas BBQ to round things off). Register here.
	LON-DEN BBQ – LONDON TECH WEEK: 11 June 2026, 5-8pm Join us for our annual LON-DEN Tech Week event where we celebrate the growing links between London and Colorado, two tech-forward regions building strong bridges in innovation, investment, and collaboration. Contact us for more information.
	Scaling Beyond Borders: London Tech Week – Global Founders & Connectors Join Oury Clark and the world’s fastest-growing fintech, Airwallex for an exclusive evening during London Tech Week, bringing together internationally ambitious scale-ups, founders, and operators expanding into the UK and beyond. Register here.

Whether you’re exploring international expansion or scaling fast, come and say hello – we’d love to see you there. Contact us for more information.

Accounting Without BS – What Really Matters in Your Books?

Learn more about How to Read UK Financial Reports with Andy Oury & William Humphreys.

Upcoming Trips

Get in touch to have a chat with our team now as they visit! If you are considering international expansion to/from any of these areas, contact us to start your business growth journey:

• Australia & New Zealand – 25th May–4th June 2026 (Zara Porter, Jessica Bass & Paul Webster)
  o Including Sydney, Melbourne, Adelaide, Sunshine Coast, Perth, Brisbane, Auckland & Christchurch.

Find us on LinkedIn to keep up to date with our travels and any upcoming events.