Business &amp; Accountancy Daily

Image for accountant jailed ps140k fraud family run business

Business | Accountant jailed for £140k fraud at family-run business

A former accountant at a family-owned business in London who fraudulently transferred more than £140,000 worth of payments to her personal account has been jailed after her champagne lifestyle aroused suspicions

18 Sep 2019

Called to Account

Image for efrag launches crypto assets research tighten accounting rules

Finance | EFRAG launches crypto-assets research to tighten accounting rules

The European Financial Reporting Advisory Group (EFRAG) is seeking input from crypto-assets experts, as part of a research project looking to address current gaps in accounting standards

18 Sep 2019

Finance | Quality of local authority audit under review

Practitioners who work in the local government sector and audit community are being urged to contribute to the government’s independent Redmond review into the quality and effectiveness of local authority audit

18 Sep 2019

Auditing

Corporate Governance

Accounting Consultations

17 Sep 2019

Image for qa hire purchase contract and capital allowances

Tax | Q&A: hire purchase contract and capital allowances

In our regular Q&A series from Croner Taxwise, Alexander McCarthy explains when a claimed capital allowance is allowable in the event that a hire purchase agreement on a car has not been paid off

17 Sep 2019

Tax | Nunn: do nudge taxes really work?

Yvette Nunn CTA asks whether the government’s efforts to change behaviour by putting taxes on everything from plastic bags to diesel vehicles, not to mention the apprenticeship levy on businesses, are an effective way of altering taxpayers’ mindsets

17 Sep 2019

Tax

Personal Tax

Tax Planning

Image for companies handed 223k penalties late filing accounts

Finance | Companies handed 223k penalties for late filing accounts

Thousands of penalties for late filing of company accounts were handed out in 2018 with more than 25,000 companies missing the 30 September deadline

17 Sep 2019

Tax | Mazars USA ordered to hand over Trump tax returns

Mazars USA has been issued with a court subpoena requiring the firm to supply details of Donald Trump’s personal and business tax returns covering an eight year period, in the latest stage in a lengthy legal battle to obtain information about the president’s tax affairs

17 Sep 2019

Tax

Tax Compliance

Image for fish partnership rebrands under wilkins kennedy name

Business | Fish Partnership rebrands under Wilkins Kennedy name

The Fish Partnership has rebranded as Wilkins Kennedy after the accountancy firm was snapped up by fast growing Baldwins Group last year

17 Sep 2019

16 Sep 2019

Image for pwc partners earn ps765k profitability breaks ps1bn

Business | PwC partners earn £765k as profitability breaks £1bn

Big Four accounting firm PwC has reported record fee income of £4.23bn as partners are set to receive a partner payout of £765,000 and group profitability breaks the billion pound barrier

16 Sep 2019

Image for top 10 tips filing year end accounts part 2

Finance | Top 10 tips for filing year-end accounts – part 2

The filing deadline for private companies with a December year end and public companies with a March year end is 30 September. Michelle Roberts ACA, senior technical writer, audit & accounting, at Croner-I provides essential advice on how to file FRS 102 year-end accounts to avoid unwanted penalties

16 Sep 2019

Tax | HMRC does not understand small business tax concerns

Small business taxpayers feel that HMRC does not understand their needs and are worried that any mistakes will be perceived as intentional and result in penalties

16 Sep 2019

Tax | EU to investigate 39 multinationals over profit shifting tax deals

The European Commission has launched in-depth investigations into dozens of multinationals which had negotiated special tax deals with Belgian authorities to slash their tax bills

16 Sep 2019

Tax | Chancellor warned over Treasury insolvency ‘cash grab’

Leading business groups and insolvency experts have written to the Chancellor to warn that plans to prioritise repayments to HMRC over repayments to other creditors in insolvencies ‘will have serious consequences for the UK economy’

16 Sep 2019

Tax | HMRC corrects error in tour operator VAT advice

HMRC has admitted to an error in its information about applying the tour operators margin scheme (TOMS), and has now published a correction and details of how businesses who have paid too much VAT from 1 March 2019 can correct the overpayment

16 Sep 2019

Tax | UK high earners stung for more tax than European counterparts

The UK has lost the top spot as one of Europe’s low-tax jurisdictions, with top earners now paying 3% more tax than the European average

16 Sep 2019

Business | Top 20 firm rebrands as Moore Kingston Smith

As part of the global rebranding of accounting network Moore Stephens, Kingston Smith is to rebrand as Moore Kingston Smith, adopting the network name for the first time

16 Sep 2019