AI completes in minutes what accountants took days says Croner AI chief, Council requests tax data to crack down on illegal Airbnbs, and Brewery honours Healey with Chancellor's Choice beer

Summary provided by AI

Business & Accountancy Daily

Latest news

Image for impact culture key senior managers regime

Business | Impact on culture key to senior managers regime

Named senior managers need to abide by a regime that governs acceptable behaviour in FCA-regulated sectors, warns Mayer Brown partner James Whitaker

15 Jun 2020

Leadership & Management

Image for finance mole how dominate virtual training

| Finance Mole: how to dominate virtual training

Now well into lockdown, Finance Mole learns about the etiquette of online video meetings, discovering there can be an advantage to dropped internet connections

12 Jun 2020

Business

Image for big firms making small steps back office

Business | Big firms making small steps back to the office

As the Big Four and mid-tier accountancy firms prepare for a partial return to office life, Philip Smith looks at what steps are being taken to protect their staff

12 Jun 2020

Leadership & Management

Business | UK GDP drops record 20.4%

The UK recorded its biggest ever fall in GPD in April, the first full month of business activity to be impacted by coronavirus, according to data from the Office for National Statistics (ONS) which shows a 20.4% drop

12 Jun 2020

Business

Companies

Business | Grant Thornton plans job cuts

Grant Thornton has begun a redundancy process involving 70 staff, making the top six firm the first of the major players in the UK accounting market to announce job losses during the current pandemic

12 Jun 2020

Business

Companies

Careers

Leadership & Management

Image for frc reprimands kpmg over auditing shortcomings

Finance | FRC reprimands KPMG over auditing shortcomings

KPMG has been reprimanded by the Financial Reporting Council (FRC) for shortcomings in its auditing of the distributable reserves of a venture capital company, Foresight 4 VCT, with the regulator imposing non-financial sanctions on the firm

12 Jun 2020

Auditing

Corporate Governance

Image for accounting firm numbers decline bookkeepers boom

Business | Accounting firm numbers decline as bookkeepers boom

The number of UK accounting firms was beginning to decline prior to the Covid-19 pandemic, but bookkeeping businesses are in an accelerated growth phase, according to research by cashflow specialist Float

12 Jun 2020

Leadership & Management

Image for call offer relief covid 19 business losses

Tax | Call to offer relief for Covid-19 business losses

Businesses that have incurred losses during the Covid-19 pandemic should be able to exchange them for a government cash payment, in the same way as the research and development (R&D) tax relief operates, in order to support them to continue functioning and to preserve future tax revenues, Blick Rothenberg is proposing

12 Jun 2020

11 Jun 2020

Image for corporate insolvency and governance bill permanent and temporary relief

Finance | Corporate Insolvency and Governance Bill: permanent and temporary relief

Croner-i writer Rachel Farris FCA CTA looks at the recently released Corporate Insolvency and Governance Bill, and outlines what measures and reliefs are included to assist companies through the issues being caused by Covid-19

11 Jun 2020

Business | Covid-19 kicks £1bn hole in football league finances

Premier League football clubs are set to lose around £1bn in revenues as a result of Covid-19, having seen their combined revenues break the £5bn barrier last season, according to analysis from Deloitte

11 Jun 2020

Business

Companies

Accountancy Firms

Image for review scrutinise post office accounting system failures

Finance | Review to scrutinise Post Office accounting system failures

The government is to launch an independent review into the outcome and lessons of the dispute between the Post Office and sub postmasters, who were wrongly accused of fraud over the faulty operation of the Horizon accounting system

11 Jun 2020

Finance

Accounting Standards

Financial Reporting

Image for covid 19 self employed grant claimants warned tax hit

Tax | Covid-19: self employed grant claimants warned of tax hit

The Low Incomes Tax Reform Group (LITRG) is concerned that recipients of the government’s Self-Employed Income Support Scheme (SEISS) grant might not realise that it is taxable

11 Jun 2020

Business | Covid-19: FRC issues guidance on AGMs

The Financial Reporting Council (FRC) has published guidance on best practice for annual general meetings (AGMs) in light of the temporary measures the government has introduced to assist companies in managing the impacts of the coronavirus pandemic

11 Jun 2020

Business

Companies

Accountancy Firms

Image for 78 surge housebuilder company insolvencies

Business | 78% surge in housebuilder company insolvencies

A record number of 368 housebuilders went bust in 2019 due to stagnant house prices twinned with rising material and labour costs, according to Price Bailey

11 Jun 2020

Business

Companies

Restructuring & Insolvency

Navigate

Tax Services

Latest news

Business | Impact on culture key to senior managers regime

| Finance Mole: how to dominate virtual training

Business | Big firms making small steps back to the office

Business | UK GDP drops record 20.4%

Business | Grant Thornton plans job cuts

Finance | FRC reprimands KPMG over auditing shortcomings

Business | Accounting firm numbers decline as bookkeepers boom

Tax | Call to offer relief for Covid-19 business losses

Finance | Corporate Insolvency and Governance Bill: permanent and temporary relief

Business | Covid-19 kicks £1bn hole in football league finances

Finance | Review to scrutinise Post Office accounting system failures

Tax | Covid-19: self employed grant claimants warned of tax hit

Business | Covid-19: FRC issues guidance on AGMs

Business | 78% surge in housebuilder company insolvencies