Business &amp; Accountancy Daily

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Business | SEC sues Elon Musk for securities fraud

Silicon Valley entrepreneur Elon Musk is facing the possibility of being barred from running a public company, after the Securities and Exchange Commission (SEC) charged the CEO and chairman of Tesla with securities fraud for a series of allegedly false and misleading tweets

28 Sep 2018

Business | Millennial workforce drives governance changes

Social and environment issues are set to drive the future of governance as millennials begin to assume a larger proportion of the workforce, according to research by ICSA: The Governance Institute

28 Sep 2018

Image for cipd and mind publish revised workplace mental health guidance

Business | CIPD and Mind publish revised workplace mental health guidance

CIPD, the professional body for HR and people development, and Mind, the mental health charity, have published a revised mental health guide for managers to improve support for those experiencing stress and wellbeing issues at work

28 Sep 2018

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Business | Crowe acquires boutique SME accounting firm

Top 20 firm Crowe has acquired a Gloucestershire accounting practice that specialises in helping entrepreneurs as part of a bid to expand its offering to the small and medium-sized enterprise (SME) market with a cloud-based solution

28 Sep 2018

Leadership & Management

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HR | People in the news: RSM, Lubbock Fine, Beevers and Struthers

This week's news of professional moves in the sector includes two tax directors at RSM, Lubbock Fine appoints a chief operating officer, Beevers and Struthers promotes two female executive partners

28 Sep 2018

Careers

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Finance | Pension enrolment companies wound up for misleading employers

Three companies involved with introducing employers to pension schemes have been wound up by the courts for misleading their clients, following an investigation by the Insolvency Service

28 Sep 2018

Restructuring & Insolvency

Pensions

Image for tax data cgt data hmrc rates interest oct 2018

Tax | Tax data: CGT data, HMRC rates of interest - Oct 2018

Download the HMRC CGT indexation allowance for December 2017 onwards, RPI Index for August 2018 and HMRC rates of interest, and the current stamp duty land tax (SDLT) and land and buildings transaction tax (LBTT) rates, and more

28 Sep 2018

Tax | Tax filing deadlines: October 2018 to April 2019

The key HMRC filing deadlines from October 2018 to April 2019 including paper submissions of personal tax returns, corporation tax payment deadline for companies with 31 Dec 2017 year ends and Form P46(Car) filing date

28 Sep 2018

27 Sep 2018

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Tax | Pension planning: money purchase annual allowance (MPAA) - part 6

In part six of our series on pensions, Kay Ingram, director of public policy at LEBC, looks at the current money purchase annual allowance (MPAA) restrictions and what pension savers can do to maximise reliefs

27 Sep 2018

Tax | Nunn: Making Tax Digital will not resolve taxpayer errors

The increasingly complicated tax rules mean that even the simplest tax return is likely to run into non-compliance issues with the chance of punitive HMRC penalties for failure to file correctly. Yvette Nunn CTA, founder of Berkeley Associates, speaks from experience

27 Sep 2018

Business | Spanicciati: quarterly reporting fosters blinkered thinking

The US is questioning the value of quarterly reporting and reliance on a three-month cycle. Mario Spanicciati, chief strategy officer at BlackLine, calls for action to end short-termism

27 Sep 2018

Image for rd tax relief claims soar ps37bn

Tax | R&D tax relief claims soar to £3.7bn

Claims for research and development (R&D) tax relief have soared in recent years, reaching £3.7bn in 2015-16, an increase of 25% from the previous year, while so far £3.5bn has been claimed for 2016-17, according to the latest statistics from HMRC

27 Sep 2018

| AIM governance code requirement to come into force

From 28 September 2018, all companies listed on the AIM market will have to state which governance code they will be adhering to and give explanations if they choose to deviate from them

27 Sep 2018

Corporate Governance

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Business | Regulator to investigate Moss Side charity over accounts filing

The Charity Commission has opened a statutory inquiry into The Moss Side and Hulme Community Development Trust amid concerns over its failure to file accounting information and the possibility of unauthorised payments

27 Sep 2018

Business | Edinburgh to consult on £11m ‘tourist tax’

Edinburgh City Council is set to consult on plans to introduce an accommodation levy on visitors to the Scottish capital with the aim of raising around £11m per year

27 Sep 2018

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Business | PRA to consult on climate change financial risks management

The Prudential Regulation Authority (PRA) is to launch a consultation on banks’ governance, strategy and risk management in responding to the financial risks from climate change, after a survey found only one in ten are taking a long term strategic view on the issues

27 Sep 2018

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Business | Government partners with Bloomberg on gender pay data

The government is to partner with global business and financial information company Bloomberg to promote and improve reporting and transparency around gender equality in the workplace

27 Sep 2018

Image for uhy hacker young east grows cambridgeshire presence

Business | UHY Hacker Young East grows Cambridgeshire presence

UHY Hacker Young East, part of the top 20 accountancy group UHY Hacker Young, has acquired the Huntingdon based accountancy firm, The Young Company, to grow its presence in Cambridgeshire

27 Sep 2018

Leadership & Management

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Business | Seven year director ban over failure to maintain records

The director of an Edinburgh-based consultancy has been banned for seven years after he failed to maintain adequate records and explain what happened to the company when it collapsed, owing over £200,000 in tax

27 Sep 2018

Called to Account

26 Sep 2018

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Tax | Treasury sets Autumn Budget for 29 October

The Chancellor of the Exchequer, Philip Hammond, has announced that the government will publish its next Autumn Budget on Monday 29 October 2018, leaving only four weeks for preparation

26 Sep 2018

Tax

Budget

Politics

Image for craggs hmrcs use tax informants problematic

Tax | Craggs: HMRC's use of tax informants is problematic

HMRC’s use of informants to catch tax evaders raises complex legal and ethical issues, suggest Adam Craggs, partner, and Michelle Sloane, senior associate at RPC

26 Sep 2018

Business | Carillion collapse ‘to cost taxpayers £150m’

Trade union Unite is claiming the collapse of Carillion is likely to cost taxpayers more than £150m in redundancy payments to former employees of the outsourcer and fees to Big Four accounting firm handling its insolvency

26 Sep 2018

Restructuring & Insolvency

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Finance | Late filing of annual accounts up 23% since 2014

Data provided by Companies House shows that the number of private and public limited companies receiving penalties for late filing has increased significantly in four years

26 Sep 2018

Business | Morison KSi names second female CEO

Morison KSi has named Amanda Long as its new CEO, following the departure earlier this year of Liza Robbins, the top 10 global accounting firm association’s first-ever CEO

26 Sep 2018

Leadership & Management

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Finance | Climate risk reporting lacks financial impact analysis

The majority of companies are reporting information about climate-related risks and opportunities, but few disclose the financial impact of climate change on the company, according to an impact study by the task force on climate-related financial disclosures (TCFD)

26 Sep 2018

Business | 34-year ban for directors in pension scheme transfer abuse

Four directors of companies that formed part of a group involved in the transfer of millions of pounds of pensions have been banned for a total of 34 years, after an Insolvency Service investigation found they had been abusing members’ funds

26 Sep 2018

Restructuring & Insolvency

Called to Account

Image for fraud tops ps500m first half 2018

Business | Fraud tops £500m in first half 2018

Authorised and unauthorised fraud totalled £503.4m in the first six months of 2018, with authorised push payment (APP) scams on the increase, according to data from UK Finance

26 Sep 2018

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Finance | Small charities failing to provide accurate financial data

Small charities are failing to provide the correct information in their annual returns because too many are relying on someone with insufficient knowledge of their organisation’s accounts, leading to errors, warns the Charity Commission

26 Sep 2018

Business | Payroll company boss banned over record keeping failures

The director of a payroll processing company based in Yorkshire has been disqualified for seven years after failing to ensure the company kept proper books and records, which meant numerous payments into and out of its bank account could not be verified

26 Sep 2018