Business & Accountancy Daily

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Image for economic trends juggling global growth and long term issues

Business | Economic trends: juggling global growth and long-term issues

The jobs-rich growth pattern is masking underlying risks for higher inflation and longer term issues, warns Chris Williamson, chief economist at Markit

27 Mar 2018

Business

Companies

Accountancy Firms

Image for quantuma fits out high street fashion chain cva

Business | Quantuma fits out high street fashion chain with CVA

Corporate recovery and business advisory firm Quantuma has been called in by Genus UK Ltd, which trades as Select, to advise on a company voluntary arrangement (CVA) at the high street retailer which has around 2,000 employees

27 Mar 2018

Business

Companies

Restructuring & Insolvency

Image for mps look gender pay gap and executive pay

Business | MPs to look at gender pay gap and executive pay

With a week to go before the final deadline for the first round of gender pay gap reporting, the business, energy and industrial strategy (BEIS) committee has announced an inquiry on executive pay and the gender-pay gap in the private sector

27 Mar 2018

Leadership & Management

Image for fca publishes rules pension transfer advice

Finance | FCA publishes rules on pension transfer advice

The Financial Conduct Authority (FCA) has published new rules on pension transfer advice, and is seeking views on additional changes, including adviser charging structures, with the aim of improving the quality of advice available to consumers

27 Mar 2018

Business

Pensions

Image for ots hiring part time policy advisers

Tax | OTS hiring part-time policy advisers

The Office of Tax Simplification (OTS) is seeking a number of recruits to its team, and is looking for up to four part-time tax professionals who have current or recent private sector tax experience to join on a permanent basis

27 Mar 2018

Business | Ferrari-owning businessman jailed for £9.8m VAT fraud

A high-flying businessman who masterminded a £9.8m international VAT fraud to fund his lavish lifestyle of flash cars and a luxury Spanish home, has been jailed for nine years following an HMRC investigation into a complex web of fake transactions

27 Mar 2018

Business

Called to Account

Image for treasury committee launches vat inquiry

Tax | Treasury committee launches VAT inquiry

The Treasury select committee is launching a VAT inquiry, which will examine the burden on businesses, the pressures of Brexit, issues around dispute resolutions and how to improve the process of making VAT policy

27 Mar 2018

26 Mar 2018

Image for international reporting dynamic risk management

Finance | International reporting: dynamic risk management

Jeroen Van Doorsselaere, vice president of risk and finance at Wolters Kluwer, examines the hedging principles in IFRS 9 Financial Instruments and outlines the IASB's plans to introduce a dynamic risk management accounting model

26 Mar 2018

Finance

Financial Reporting

IFRS

Image for frc three year plan aims shake big four auditor dominance

Finance | FRC three-year plan aims to shake up Big Four auditor dominance

The Financial Reporting Council (FRC) has published its three-year strategy and plan for the 2018/19 financial year, which will include a previously announced comprehensive update of the UK’s corporate governance and investor stewardship codes, and indicates potential action on the dominance of the Big Four

26 Mar 2018

Leadership & Management

Image for plans register overseas ownership uk properties revised

Tax | Plans for register of overseas ownership of UK properties revised

The government has provided more details of proposals for a new beneficial ownership register of overseas companies that own UK property or participate in UK government procurement

26 Mar 2018

Finance | Carillion pay policy was ‘greed on stilts’

The joint select committee of MPs investigating the collapse of Carillion has published an excoriating analysis of the outsourcer’s remuneration policies, describing them as ‘greed on stilts’, and claiming the board’s focus was concentrated on executive pay packets when it should have been looking more closely at the company’s balance sheet

26 Mar 2018

Finance | UK’s ‘first ever’ prosecution for false company information

Companies House has won the UK’s ‘first ever’ successful prosecution for providing false company information against a businessman who included senior MPs as directors in his companies without their knowledge

26 Mar 2018

Business | Consultancy revenue hits £3bn at top accounting firms

The consulting arms of UK accounting firms, notably the Big Four, accounted for nearly 40% of all revenues earned in the UK consulting market in 2017, winning the majority of the work in the financial services market and representing the fastest growing firm segment, according to a report from Source Global Research

26 Mar 2018

Leadership & Management

Image for fca changes rules pension transfer advice

Tax | FCA changes rules on pension transfer advice

The Financial Conduct Authority (FCA) has published new rules on pension transfer advice and is seeking views on additional changes, including adviser charging structures

26 Mar 2018

Leadership & Management

Image for government dispenses additional ps15m tampon tax fund

Tax | Government dispenses additional £15m from tampon tax fund

The government has announced the list of charities and good causes which will benefit from £15m of funding from the latest round of the tampon tax fund, bringing the total handed out to £47m

26 Mar 2018

Tax

VAT

Politics

Image for kpmg launches black leaders business network

Business | KPMG launches black leaders’ business network

KPMG has launched the KPMG Black Leaders’ Network to improve representation of black employees across all spheres of business, including professional services firms, particularly at senior levels of management

26 Mar 2018

Leadership & Management

23 Mar 2018

Image for how can accountancy and finance professionals boost their earnings

Business | How can accountancy and finance professionals boost their earnings?

Over half of accountants and finance professionals say they are dissatisfied with their salaries, but achieving a reasonable pay rise requires effort and determination, from improving skillsets to identifying opportunities at current employers, or even taking the plunge and looking for a new job. Karen Young, director of Hays Accountancy & Finance gives tips and advice on how to secure a pay rise

23 Mar 2018

Leadership & Management

Image for channel islands treated international airline passenger duty

Tax | Channel Islands treated as international for airline passenger duty

The rate of airline passenger duty (APD) on flights to the UK from the Isle of Man and Channel Islands has to be treated as international flights, HMRC has confirmed

23 Mar 2018

HR | People in the news: KPMG, Deloitte, Grant Thornton

In this week’s moves and appointments roundup, KPMG’s current head of Brexit swaps roles to head up the firm’s financial crime practice, Deloitte appoints a senior partner in its European cyber security practice, and a director joins Grant Thornton’s financial services tax practice

23 Mar 2018

Business

Careers

Image for date financial reporting lab conference reporting now

Finance | Date for Financial Reporting Lab Conference: Reporting Now

The Financial Reporting Lab has announced dates for its 2018 annual conference, Reporting Now, to be held on 21 June

23 Mar 2018

Tax | Computer equipment company tops tax defaulter list owing £4.3m

HMRC’s updated list of major tax defaulters is topped by a metal dealer who owes £4.3m on £6.5m unpaid tax, followed by a haulier owing £593k, with online retailers and restaurants also featuring

23 Mar 2018

HR | 23% of accountants put jobs at risk through social media activity

Despite a third (30.8%) of recruiters admitting to ‘stalking’ potential candidates on social media before considering them for a job, 23% of accountants do not set their accounts to private putting potential job opportunities at risk, according to research from CV Library

23 Mar 2018

Business

Careers

Image for number brits expecting retire their 70s doubles

Business | Number of Brits expecting to retire in their 70s doubles

The number of UK employees who expect to work past the age of 70 has nearly doubled in seven years, with younger members of staff most likely to anticipate working well into their seventh decade, according to research from Willis Towers Watson’s defined contribution pension scheme master trust LifeSight

23 Mar 2018

Business

Companies

Careers