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HR | Tips and advice: what's your next job move?

The job market may be unpredictable, primarily caused by Brexit, but there are good opportunities for accountants with specialist knowledge in systems accounting and financial reporting. Helen Firth and Anna Miah at Morgan McKinley, review the options

22 Nov 2019

Business

Careers

Leadership & Management

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HR | People in the news: RSM, MHA Moore and Smalley, BDO, Mazars

In this week’s accountancy career moves, senior hires and partner promotions at RSM, Progeny, MHA Moore and Smalley, BDO, Mazars

22 Nov 2019

Business

Careers

Leadership & Management

Image for regulator fines nursery over pension scheme failings

Finance | Regulator fines nursery over pension scheme failings

A court has ordered a pre-school nursery and its main director to pay £8,200 for failing to comply with their pension duties

22 Nov 2019

Business

Pensions

Called to Account

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Business | Late payments costing UK SMEs £23.4bn

UK small to medium sized enterprises (SMEs) have seen debt due to late payments almost double in the past year

22 Nov 2019

Business

Companies

Accountancy Firms

Image for uk rd spend hits ps25bn annually

Tax | UK R&D spend hits £25bn annually

Businesses spent £25bn on research and development (R&D) in 2018, an increase of 5.8% on the previous year, new figures from the Office for National Statistics (ONS) show

22 Nov 2019

Tax | Tories plan 3% surcharge on overseas home buyers

Overseas homebuyers would face an additional 3% stamp duty land tax (SDLT) surcharge on any UK houses they purchase under a future Conservative government, the party has announced

22 Nov 2019

Finance | RSM places interim managers at charities under inquiry

Karen Spears, director, and Steven Law, partner, of RSM Restructuring Advisory have been appointed as interim managers of two charities under investigation by the Charity Commission

22 Nov 2019

Business

Charities

Law & Guidance

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Tax | Labour to raise corporation tax to 26%

Labour plans to overhaul tax rates for the wealthiest, increase corporation tax to 26% by 2022 and overhaul the £200bn corporate tax reliefs regime if they win the election

21 Nov 2019

Tax

Politics

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Tax | Off-payroll working rules: checklist for private sector employers - part 2

Liability for income tax and national insurance contributions (NICs) for contractors will move to medium to large private sector employers from 1 April 2020 under an overhaul of IR35. Andrew Brookes, head of employer solutions at Menzies LLP, explains how to get ready for the rule change

21 Nov 2019

Finance | PwC snaps up £1.5m ITV audit contract

FTSE 100 broadcaster and media giant ITV has appointed PwC as auditor from 2021 replacing Big Four rival KPMG

21 Nov 2019

Auditing

Corporate Governance

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Tax | LibDems plan 1p rise in all income tax rates

The Liberal Democrats would raise income tax by 1p across all bands to fund the NHS, and put the corporation tax rate back to 20%

21 Nov 2019

Tax

Politics

Image for deloitte plans independent scrutiny auditor pay

Finance | Deloitte plans independent scrutiny of auditor pay

Deloitte has struck out ahead of its Big Four rivals with plans to ring-fence auditor pay and governance, in response to concerns about potential conflicts of interest

21 Nov 2019

Auditing

Corporate Governance

Image for ex insurer ceo faces ps150k fine over pay arrangements

Business | Ex insurer CEO faces £150K fine over pay arrangements

Stuart Forsyth, former CEO of a small mutual insurer, is contesting a £154,000 fine and possible ban by two regulators over a tax dispute

21 Nov 2019

Business

Called to Account

Image for scammers target taxpayers bogus demands

Tax | Scammers target taxpayers with bogus demands

HMRC is warning taxpayers to be aware of fraudsters in the run up to the 31 January self assessment deadline from text messages to phone calls

21 Nov 2019

Tax | Lack of accounting records sinks R&D tax credit claim

A Coventry-based engineering consultancy has been given a £25,000 penalty after wrongly claiming for research and development (R&D) tax credits on over £390,000 of trading losses

20 Nov 2019

Tax | Help to Buy ISAs close on 30 November

Time is running out to open a Help to Buy ISA which could add £3,000 to buyers’ first house deposits

20 Nov 2019

Tax

Personal Tax

Tax Planning

Image for cross border tax are you ready dac 6

Tax | Cross-border tax: are you ready for DAC 6?

The EU Directive on administrative cooperation in relation to tax, known as DAC 6, is out for a draft legislation consultation with the first reporting dates scheduled for August 2020. Meg Wilson CTA examines the impact on cross-border tax arrangements

20 Nov 2019

Tax | Green Party to offer universal basic income

The current benefits systems would be replaced with universal basic income (UBI) for all, says the Green Party in their manifesto

20 Nov 2019

Finance | CIPFA clarifies rules on local authority property investments

The Chartered Institute of Public Finance and Accountancy (CIPFA) has issued guidance outlining reporting requirements for investments in property by local authorities to increase accountability

20 Nov 2019

Finance

Financial Reporting

Law and Regulation