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How to Write a Retroactive Employment Contract

Private companies must apply ASC for their first annual reporting period beginning after December 15, , and interim reporting periods within annual reporting periods beginning one year thereafter. Therefore, private companies with fiscal years ending December 31, , must first apply ASC for their fiscal year beginning January 1, This is known as the initial application date, which is the start of the annual reporting period in which ASC is first applied.

It should be noted that practical expedients may be selected or not selected individually and independently; they need not be selected in groups.

For example, if they backdate a contract to show an event happened earlier than it did to avoid tax the backdating is fraudulent. Similarly, the.

Whilst it might be tempting at times, backdating a document is never the answer! As business owners ourselves, we have a pragmatic in-house approach to resolving issues before they arise by working alongside our clients, as part of their team. We are commercial, practical and entrepreneurial in our approach to legal services.

Our solicitors have long represented companies and individuals in their legal challenges and disputes. Highly qualified, dedicated and each a specialist in their field of expertise. Our values place commercial decisions at the fore. Our clients appreciate us giving straight answers and solutions for their business. We are an accessible team who cut to the chase. We pride ourselves on personal contact and speedy response to each and every client. Backdating Documents — The Facts.

About Us Experienced Our solicitors have long represented companies and individuals in their legal challenges and disputes. Show more Show less. Business focused Our values place commercial decisions at the fore.