An article a day keeps the doctor away #4

Secure compliant data that you recycle for vast benefits to your intangible fixed assets

William Nicholls

Last Update 21 days ago

You dont have to understand the detail here, your LARES VA is here to hold you hand through the entire journey.


You work on your business, let us work in your business.


You keep spreading the word through your QR and create an article a day to keep the doctor away !

Right click open image in new tab for a a larger image

Intangible assets 


Intangible fixed assets are non-physical but can have great value to the company.


They can include trademarks, copyrights, patents, brands, intellectual property, customer lists and goodwill.


Intangible assets are treated differently according to whether they were acquired by the company or created internally.


Those it has acquired are listed as assets on the balance sheet, but those it generates internally are not.


Instead, any expenses incurred by creating them are entered as expenses on the income statement.


So in fact patents, brands, trademarks, intellectual property and such, if internally generated, have no place on the balance sheet for micro-entity companies. 


In other words, they cannot be capitalised. This can mean that a company’s most valuable assets do not appear on its balance sheet.

Sequential articles at the bottom, give us a thumbs up please!

Was this article helpful?

0 out of 0 liked this article

Still need help? Message Us