Business &amp; Accountancy Daily

Accountancy Firms

Image for banks struggle ifrs 9 implementation

Finance | Banks struggle with IFRS 9 implementation

The UK’s major banks are making progress in implementing IFRS 9 Expected Credit Loss accounting (ECL) but there remain weaknesses in aspects of firms’ controls and management information around reporting impairment allowances

4 Oct 2019

Finance

IFRS

Image for ftse 350 hits 30 target women boards

HR | FTSE 350 hits 30% target for women on boards

The FTSE 350 has hit the target of having a third of board positions filled by women for the first time since the London Stock Exchange was established in 1571, according to global campaign organisation the 30% Club

4 Oct 2019

Careers

Image for kpmg handles biotech poly manufacturer administrations

Business | KPMG handles biotech, poly manufacturer administrations

Big Four firm KPMG has taken on the administrations of two companies – a medical innovation start-up and an established polythene film manufacturer – which have both collapsed putting over 200 jobs at risk

4 Oct 2019

Restructuring & Insolvency

Accountancy Firms

Business | Law firms tighten up anti money laundering activities

There has been a 13% drop in the number of reports submitted by accountants to the Solicitors Regulation Authority (SRA) about failings in how lawyers handle client money over the past year

4 Oct 2019

Accountancy Firms

Image for international reporting ifrs 3 disclosures mergers and ibor

Finance | International reporting: IFRS 3 disclosures on mergers and IBOR

The IASB has begun a review of its business mergers’ standard, IFRS 3, while grappling with the impact of changes to interest rate benchmarks. Jeroen Van Doorsselaere outlines the impact on disclosures and transparency

3 Oct 2019

Tax | Contractors using PSCs at risk over IR35 rule change

Freelance contractors are warning of a potential ‘domino effect’ as some of the UK’s largest companies stop using off-payroll workers in advance of the introduction of new IR35 rules in the private sector next April

3 Oct 2019

Tax | Last chance to register for online self assessment tax return for 2018/19

The deadline to register for an online self assessment tax return for 2018/19 falls this weekend on Saturday 5 October, so taxpayers need to act quickly

3 Oct 2019

Business | HNH launches boutique M&A advisory firm in Edinburgh

Four senior advisers from Scotland’s leading accountancy practices have set up a corporate finance office in Edinburgh offering a director-led M&A service for SMEs

3 Oct 2019

Image for dodwell loan charge review requires judgment solomon

Tax | Dodwell: loan charge review requires judgment of Solomon

The Morse review of the loan charge needs to resolve the problem of disguised remuneration loan schemes effectively, particularly for those facing lower tax bills who entered the shemes without grasping the full tax implications, warns Bill Dodwell CTA (Fellow), head of the Office of Tax Simplification

3 Oct 2019

Tax | Climate change protesters spray red paint at Treasury

Activists from Extinction Rebellion have splattered the Treasury with red dye as they lost control of a fire engine hose during a demonstration in Whitehall today

3 Oct 2019

Tax

Politics

Image for general public says frc must have more teeth

Finance | General public says FRC must have more ‘teeth’

Members of the public view companies in a negative light, accusing them of greed and corporate misdemeanours, and they want the regulator to be given strong powers to hold big business to account

3 Oct 2019

Finance

Financial Reporting

Corporate Governance

Image for parents warned deadline high income child benefit charge

Tax | Parents warned on deadline for high-income child benefit charge

Saturday 5 October marks the deadline for those hit by the high-income child benefit charge (HICBC) in 2018-19 tax year to notify HMRC, so that they can receive a tax code adjustment

3 Oct 2019

Tax | Nunn: it's easy to get caught out by changes to property tax

Yvette Nunn examines the tax risks facing accidental landlords and second home owners when new tax rules on residential property sales come into force from April 2020

2 Oct 2019

Tax | Jim Harra named head of HMRC on interim basis

Jim Harra is to take over from former chief executive Jon Thompson as the head of HMRC on a temporary basis

2 Oct 2019

Tax

HMRC

| FTSE listed solar energy fund swaps auditor

Guernsey-based NextEnergy Solar Fund Limited (NESF) has changed Big Four auditors after five years with a move to KPMG from PwC

2 Oct 2019

Corporate Governance

Image for hmrc sets aside extra ps10m brexit grants exporters

Business | HMRC sets aside extra £10m in Brexit grants for exporters

The government is ploughing more money into grants for customs intermediaries and agents to help companies prepare for Brexit

2 Oct 2019

Image for tax offences land engineering boss 11 year ban

Business | Tax offences land engineering boss 11-year ban

The director of an engineering firm has been banned for 11 years for failing to pay £200,000 in tax owing while withdrawing £1.2m from the company for himself

2 Oct 2019