Business &amp; Accountancy Daily

Image for third party it data breaches major risk companies finds deloitte

| Third party IT data breaches major risk for companies, finds Deloitte

Almost nine in 10 (87%) organisations have faced a disruptive incident involving third parties in the last three years, such as loss of data or failure to deliver a service or product in time, according to research by Deloitte which suggests many businesses are failing to manage the risks involved in using external suppliers for essential services

11 Mar 2016

Image for frp advisory joins primeglobal accounting group

Business | FRP Advisory joins PrimeGlobal accounting group

Corporate restructuring specialist FRP Advisory has joined international accounting association, PrimeGlobal in a bid to grow its overseas client base

11 Mar 2016

Restructuring & Insolvency

Image for bigger banks hardest hit 8 corporation tax surcharge

Tax | Bigger banks hardest hit by 8% corporation tax surcharge

Changes to the tax regime for banks mean that the six largest retail banks will continue to pay higher effective rates of tax, estimated at around 20% to 25% of profits in 2016, while new entrants and building societies are likely to pay around 6%, according to analysis by the Competition and Markets Authority (CMA)

11 Mar 2016

Business | People in the news: RSM, KPMG, Jersey Finance, ATT, Kreston Reeves

In the latest career moves, KPMG bolsters restructuring team, Kreston Reeves director joins ATT council, partner promotions at Squire Patton Boggs and pensions hire at Spence & Partners

11 Mar 2016

| Charity Commission sounds alert over online scams targeting finance teams

The Charity Commission has issued an alert to trustees, charity professionals and volunteers to be vigilant about the possibility of falling victim to a wave of online extortion or ‘ransom’ demands which it says are currently affecting UK businesses and are now targeting the charity sector

11 Mar 2016

Corporate Governance

Image for deloitte ranked number two global consultancy league thought leadership

Business | Deloitte ranked number two in global consultancy league on thought leadership

The Big Four accounting firms all feature in a top ten table of thought leadership rankings, with Deloitte narrowly missing out to IBM as number one for providing high quality research in the global consulting industry during the second half of 2015, with particular recognition for the work of Deloitte University Press

11 Mar 2016

Image for integrated thinking making risk based decisions about business expansion

Business | Integrated thinking: making risk-based decisions about business expansion

Tony Manwaring, executive director of external affairs at CIMA, examines outs how Shell creates a culture of leadership and provides tips and insight on how to make informed, risk aware decisions at the highest level of organisations

11 Mar 2016

Restructuring & Insolvency

10 Mar 2016

Image for scottish s tax code hits p9 coding out problem hmrc it glitch

Tax | Scottish S tax code hits P9 coding out problem with HMRC IT glitch

In the run-up to the introduction of the Scottish S code for Scottish resident taxpayers from 6 April under the new Scottish rate of income tax (SRIT) regime, employers are experiencing a technical problem uploading data through payroll software in the annual coding run, reports Sara White

10 Mar 2016

Tax | Plans for a DOTAS hallmark extension risk casting net too wide

Plans to extend the hallmark regulations for the disclosure of tax avoidance schemes (DOTAS) regime risk casting too wide a net and capturing straightforward tax planning, warns Chris Williams, senior manager, national tax team at Mazars and chair of CIOT's succession taxes sub-committee

10 Mar 2016

Tax | Majority of insolvency practitioners find HMRC ‘unhelpful’

Over half (54%) of insolvency practitioners believe that HMRC makes it harder to rescue businesses than wind them up, ignoring letters and failing to answer calls, according to a survey of the insolvency profession by R3, which wants to see an overhaul of the tax authority’s approach

10 Mar 2016

Image for penion stakeholders set review sustainability defined benefit pensions

Business | Penion stakeholders set to review sustainability of defined benefit pensions

The Pensions and Lifetime Savings Association (PLSA) has set up a taskforce to tackle the problems facing defined benefit (DB) pension schemes, which are held by up to 16m UK employees, including scheme funding issues and changing regulatory requirements

10 Mar 2016