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Image for international reporting ibor reforms accelerate and expected credit losses test banks

Finance | International Reporting: IBOR reforms accelerate and expected credit losses test banks

The next liquidity crisis could already be here, as financial institutions grapple with expected credit losses in the wake of Covid-19, while the IASB’s interest rate benchmark reforms cannot be delayed, explains Jeroen Van Doorsselaere

5 May 2020

Business | Bankrupt garage boss jailed over £1m fraud

A Birmingham garage boss who operated under an alias has been jailed for breaching bankruptcy restrictions, making false representations to the Official Receiver and defrauding creditors of over £1m

5 May 2020

Business

Called to Account

Image for covid 19 help self employed launches

Business | Covid-19: help for self employed launches

HMRC has begun contacting around 3.5m taxpayers who may be eligible for the government’s self-employment income support scheme (SEISS) to explain the application process and help them get ready to make a claim when the service opens next week

5 May 2020

Business

Companies

Careers

Image for covid 19 inconsistent vat reliefs create business confusion across eu

Tax | Covid-19: inconsistent VAT reliefs create business confusion across EU

While deferred VAT payments has been used by governments in Europe to ease the financial burden of struggling businesses in their own countries, an inconsistent approach is creating a confusing picture, argues Accordance’s Andy Spencer

5 May 2020

Business | Covid-19: extra funds for fixed property-related costs

The government has announced a top-up to the local business grant funds scheme providing coronavirus support, setting up a discretionary fund to help certain small businesses which previously fell outside its the scope

5 May 2020

Business

Companies

Accountancy Firms

Image for qa covid 19 small business grants

Tax | Q&A: Covid-19 small business grants

The government has made grants available for small businesses who are currently feeling the pressure of the Covid-19 pandemic, but what are the VAT implications of these grants? Croner Taxwise VAT consultant, Vivienne Scott at explains

5 May 2020

Tax | Covid-19: tax credits unaffected

HMRC has confirmed that anyone unable to work their normal hours because of coronavirus will continue to receive tax credits as usual

5 May 2020

Finance | FRC to investigate EY’s auditing of NMC

The Financial Reporting Council (FRC) is to investigate EY’s auditing of troubled FTSE 100 medical group NMC Health, which has gone into administration following the discovery of a string of accounting irregularities

4 May 2020

Auditing

Corporate Governance

Image for trade minister resigns over threatening letter

Business | Trade minister resigns over threatening letter

Trade minister Conor Burns has resigned, after a committee of MPs found he had mis-used his parliamentary status to intimidate a member of the public who had a loan dispute with his father

4 May 2020

Business

Companies

Careers

Finance | Legal updates: May 2020

In this month’s legal updates, Sophie Brookes of Gately Legal considers the issues surrounding AGMs in lockdown and the importance of drafting in completion accounts agreements

4 May 2020

Finance

Financial Reporting

Law and Regulation

Image for covid 19 ps100m vat cut protection equipment

Tax | Covid-19: £100m VAT cut on protection equipment

Personal protective equipment (PPE) purchased by care homes, businesses, charities and individuals to protect against Covid-19 is to be free from VAT for a three-month period.

4 May 2020

Business | Covid-19: FCA wants clarity on business interruption insurance

The Financial Conduct Authority (FCA) is to seek legal clarity on business interruption (BI) insurance in response to widespread concerns and uncertainty about the basis on which some firms are making decisions relating to the current pandemic

4 May 2020

Business

Companies

Accountancy Firms

Image for covid 19 maintaining focus cpd module new 0

Finance | Covid-19: maintaining focus - CPD module - NEW

This month's exclusive Accountancy Daily CPD module focuses on maintaining focus during the Covid-19 crisis through executing vital communication/compliance with shareholders, employers, supply chain and Government in order to minimise risk and ensure clarity, comprehension and control in unprecedented times

4 May 2020

Business | Covid-19: partners’ future under spotlight during crisis

As the Big Four and other large practices cut pay and furlough staff, Kingsley Napley’s employment partner Richard Fox sets out what partners should do if they face a cull

1 May 2020

Leadership & Management

Image for covid 19 scrapping vat e publications fast tracked

Tax | Covid-19: scrapping VAT on e-publications fast-tracked

Chancellor Rishi Sunak has fast-tracked plans to scrap VAT on e-books and e-newspapers, bringing the measures in seven months earlier than announced at the Budget, in a boost to readers and publishers during the coronavirus outbreak

1 May 2020

Business | Covid-19: AAT grants student membership extensions

AAT (Association of Accounting Technicians) has granted membership renewals to students who are close to completing their AAT qualification and may therefore have not budgeted for an additional year of student membership

1 May 2020

Leadership & Management

Image for tax reform back agenda wake covid 19

Tax | Tax reform back on agenda in wake of Covid-19

Post-pandemic fallout could see government grasping for tax reforms, but questions remain over how to create a system that is fair, simple and certain, writes Philip Smith

1 May 2020

Business | Grant Thornton launches digital accountant pathway

Grant Thornton introduces their digital accountant pathway for its trainee intake to develop technology, process and data audit skills alongside ACA qualification

1 May 2020

Business

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Leadership & Management

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Latest news

Finance | International Reporting: IBOR reforms accelerate and expected credit losses test banks

Business | Bankrupt garage boss jailed over £1m fraud

Business | Covid-19: help for self employed launches

Tax | Covid-19: inconsistent VAT reliefs create business confusion across EU

Business | Covid-19: extra funds for fixed property-related costs

Tax | Q&A: Covid-19 small business grants

Tax | Covid-19: tax credits unaffected

Finance | FRC to investigate EY’s auditing of NMC

Business | Trade minister resigns over threatening letter

Finance | Legal updates: May 2020

Tax | Covid-19: £100m VAT cut on protection equipment

Business | Covid-19: FCA wants clarity on business interruption insurance

Finance | Covid-19: maintaining focus - CPD module - NEW

Business | Covid-19: partners’ future under spotlight during crisis

Tax | Covid-19: scrapping VAT on e-publications fast-tracked

Business | Covid-19: AAT grants student membership extensions

Tax | Tax reform back on agenda in wake of Covid-19

Business | Grant Thornton launches digital accountant pathway