Business &amp; Accountancy Daily

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Business | Underwood: a taste for consolidation in accounting firms

The latest mergers and acquisitions are being funded by new money but service consolidation is vital to make them work, explains Keith Underwood, Managing director, Foulger UnderwoodKato

24 Aug 2018

Image for tax agent who faked invoices loses dishonest conduct challenge

Tax | Tax agent who faked invoices loses dishonest conduct challenge

A tax agent who sought to challenge HMRC’s view that he had engaged in dishonest conduct by creating false invoices to reduce a client’s tax liabilities has lost his appeal at a tribunal

24 Aug 2018

Business | FRP Advisory partners made interim managers at education charities

Geoff Carton-Kelly and Tom McLennan, partners with FRP Advisory, have been appointed as joint interim managers at two educational charities, after the Charity Commission identified serious regulatory concerns about their financial affairs

24 Aug 2018

Charities

Image for self employed heading towards pensions saving crisis

Business | Self-employed heading towards pensions saving crisis

Self-employed workers are on course to a pension saving crisis as they cannot afford to save for their retirement, with nearly half having no pension at all and a third relying solely on the state pension, according to research from Prudential

24 Aug 2018

Finance | Ireland to bring in auto enrolment for pensions

Ireland – which is one of only two OECD countries without a mandatory earnings-related element to retirement savings – is consulting on the possible launch of an auto enrolment-style pensions regime, to be in place by the end of 2020

24 Aug 2018

Pensions

Image for hmrc advisory fuel rates company car users 1 september 0

Tax | HMRC advisory fuel rates for company car users from 1 September

HMRC has published the latest advisory fuel rates (AFR) for company car users, effective from 1 September 2018 introducing a 4p advisory electricity rate for fully electric cars

24 Aug 2018

Business | KPMG saves SW fashion retailer via 'pre pack' sale

David Pike and Mark Orton, partners from KPMG, have been appointed joint administrators to Saltrock Surfwear, a leisurewear and accessories retail brand based in Devon, which has been sold in a ‘pre pack’ deal to Crew Clothing Co. Group, saving over 150 jobs

24 Aug 2018

Restructuring & Insolvency

Image for employer tips fixed term contracts employees

Business | Employer tips: fixed term contracts for employees

Hiring staff on a fixed-term contract can seem to be a useful way to fill short-term positions but it is important to note that staff on such contracts do have certain employment rights as if full-time employees after two years' service so their contracts cannot just be terminated without reason, warns HR experts at Croner-i

24 Aug 2018

Leadership & Management

23 Aug 2018

Image for import vat be filed quarterly event no deal brexit

Tax | Import VAT to be filed quarterly in event of no deal Brexit

If the UK leaves the EU without an agreement in place after 29 March 2019, the government will introduce postponed accounting for import VAT on goods being brought into the UK and UK businesses will no longer be able to use the MOSS portal to pay VAT on sales of digital services, according to one of the many no deal Brexit papers released

23 Aug 2018

Tax | Nunn: confusion around HMRC guidance on Making Tax Digital for VAT

HMRC is giving out mixed messages about compliance with Making Tax Digital for VAT, warns Yvette Nunn, director of Berkeley Associates, after spotting a mistake in guidance released by HMRC in July

23 Aug 2018

Business | No deal Brexit would hit insurance and bank accounts of UK expats

The risk of a no-deal Brexit departure could see UK citizens living in the EU facing loss of banking access and insurance cover until regulatory oversight is agreed with the EU, although the government will put in temporary recognition for EEA financial services firms to allow passporting for three years

23 Aug 2018

Leadership & Management

Image for labour mulls digital giant media tax

Tax | Labour mulls digital giant media tax

Labour leader Jeremy Corbyn has indicated his party is considering the introduction of new taxes on digital media providers in order to provide funding for more traditional media outlets including local newspapers and broadcasters and ensure a ‘free and democratic’ media

23 Aug 2018

Business | Towcester Racecourse gallops into KPMG administration

Mark Orton and Will Wright, partners from KPMG’s restructuring practice have been appointed as joint administrators for Towcester racecourse, where 134 staff have lost their jobs

23 Aug 2018