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Finance | Joint audits: double the trouble?

In the wake of the ongoing audit reform inquiries, Katharine Bagshaw FCA unpicks the pros and cons of mandatory joint and shared audits in the UK, asking whether the lack of viable alternatives will force an unwelcome political solution

5 Sep 2019

Auditing

Corporate Governance

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Finance | International reporting: how relevant are IFRS standards?

The recent IASB annual conference focused on the transparency of international reporting under IFRS, the relevance of standards to company reporters and stakeholders, and the definition of materiality. Jeroen Van Doorsselaere, vice president of value propositions at Wolters Kluwer Financial Services, unpicks the key issues

5 Sep 2019

Finance | Hadfield: audit can add value for business owners

With the audit process under the microscope, Menzies audit partner James Hadfield argues the case that businesses can benefit from closer scrutiny if they resist the cheapest audit option

5 Sep 2019

Auditing

Corporate Governance

Image for tribunals force rethink scottish land tax penalties rules

Tax | Tribunals force rethink on Scottish land tax penalties rules

An Upper Tribunal for Scotland ruling has highlighted administrative issues over the issue of penalty notices for Land and Buildings Transaction Tax late payments, but Revenue Scotland vows to continue charging daily penalties

5 Sep 2019

Business | Supercar-loving father and son sentenced for £1.5m horse box VAT scam

Lavish lifestyle of Ferraris and Aston Martins revealed as duo who hid money in bathroom safe are sentenced after investigation into a £1.5m VAT fraud

5 Sep 2019

Business

Called to Account

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Tax | Chancellor adds extra £2bn public spending for Brexit

Sajid Javid has announced today extra cash for preparations ahead of the UK departure from the EU but raises fears over increased government borrowing

4 Sep 2019

Budget

Politics

Image for forex business record ps78m money laundering fine ignored regulations

Business | Forex business in record £7.8m money laundering fine ‘ignored regulations’

A west London money transmitter has been landed with a £7.8m penalty after it ignored anti-money laundering regulations following an HMRC investigation

4 Sep 2019

Business

Called to Account

Image for transition tips frs 105 frs 102 new cpd module 0

Finance | Transition tips: FRS 105 to FRS 102 - NEW CPD module

This month's exclusive Accountancy Daily CPD module focuses on transitioning from FRS 105 Micro-Entities Regime accounting rules for small entities to full blown FRS 102 Financial Reporting Standard

4 Sep 2019

Tax | Q&A: annual allowance charge on pensions

In our regular Q&A series, Croner Taxwise tax advisor Alexandra Fielding considers the tax implications for high earners of exceeding the annual allowance limit of £10,000 on pension contributions

3 Sep 2019

Finance | Legal updates: September 2019

In this month’s legal updates, Sophie Brookes, partner at law firm Gateley plc, considers whether granting an indemnity is a substantial property transaction, the powers of a general meeting chair and whether an unenforceable restrictive covenant could be severed

3 Sep 2019

Finance

Financial Reporting

Law and Regulation

Image for nine million middle aged employees ignorant over pension plans

Finance | Nine million middle aged employees ignorant over pension plans

Survey reveals shocking lack of understanding among mid-lifers over how much they need to retire in comfort or even how much they currently have saved in their pension plans

3 Sep 2019

Business

Pensions

Law & Guidance

Image for frc appoints ex ey risk partner audit quality committee chair

HR | FRC appoints ex-EY risk partner as audit quality committee chair

Anne Whitaker becomes new chair of Financial Reporting Council’s audit quality review committee and joins conduct committee after David Cannon steps down

3 Sep 2019

Business

Careers

Leadership & Management

Image for tax filing deadlines sep dec 2019

Tax | Tax filing deadlines: Sep-Dec 2019

The key HMRC filing deadlines from September to December 2019 including corporation tax second quarterly instalment payment for companies with annual taxable profits exceeding £20m, loan charge deadline for reporting to HMRC any disguised remuneration issues, and Making Tax Digital for VAT compliance deadline for deferred entry businesses

3 Sep 2019