Business &amp; Accountancy Daily

Careers

Image for local councils face ps7bn black hole

Business | Local councils face £7bn black hole

Research from IFS predicts massive financial shortfall as local authorities struggling with rising costs and falling income

20 Aug 2020

Image for hmrc targets 3000 employers over cjrs claims

Business | HMRC targets 3,000 employers over CJRS claims

Tax authority steps up compliance activity among those who may need to repay grants

20 Aug 2020

Image for 63m teens access trust fund money pot

Business | 6.3m teens to access trust fund money pot

Millions of teenagers are set to benefit for the first time from money in Child Trust Funds (CTFs) that has been waiting for them since they were young children

20 Aug 2020

Careers

Image for pensions tax help lowest paid workers under review

Tax | Pensions tax help for lowest paid workers under review

As the government consults on the impact of pension tax relief on lower earners, LEBC’s Kay Ingram weighs the options, calling for greater automation

19 Aug 2020

Business | Finablr co-chair quits as HMRC suspends money service businesses

BR Shetty, the co-chair of payments group Finablr, stands down with immediate effect following HMRC’s move amid growing accounting scandals at payments group and healthcare company NMC

19 Aug 2020

Image for over ps1bn tax reliefs creative sector

Tax | Over £1bn of tax reliefs for creative sector

HMRC statistics reveal a total of £1.11bn was paid out in tax reliefs in 2019/20 for the creative sector, up by £30m on the previous year

19 Aug 2020

Finance | FRC amendment to IFRS 16 – Covid-19-Related Rent Concessions

The Financial Reporting Council (FRC) has confirmed it will not pursue regulatory action where issuers take advantage of the provisions contained in the Accounting for Lease Modifications (Amendment to IFRS 16 – Covid-19-Related Rent Concessions) before adoption by the EU

19 Aug 2020

Tax | HMRC clarifies loan charge settlement arrangements

HMRC has published further details on how it will implement the loan charge in relation to the use of disguised remuneration tax avoidance schemes where the tax due has not already been settled, emphasising there will be no special settlement terms

19 Aug 2020

Finance | International reporting: management commentary

In August’s international accounting updates, Jeroen Van Doorsselaere considers the importance of management commentary and moves towards a tighter integration of the finance and risk world

18 Aug 2020

Tax | Q&A: gift relief on appreciated assets

In our regular Q&A series, Croner Taxwise adviser Vivienne Cheung clarifies how gift relief can be applied when handing over an asset which has increased in value, how will this affect the capital gains tax levied on the gift?

18 Aug 2020

Business | Welsh public sector bodies urged to do more to cut fraud

The Welsh audit watchdog is warning that public service leaders should give a higher priority to tackling fraud in Wales, as levels have been increasing during the Covid-19 crisis

18 Aug 2020

Image for 80 uk smes confident they will recover covid 19

Business | 80% of UK SMEs confident they will recover from Covid-19

Four in five (80%) UK SMEs are confident they will recover from Covid, according to research from digital bank Starling and the Great British Entrepreneur Awards (GBEA)

18 Aug 2020

Image for cowgills business recovery acquires rpg team

Business | Cowgills Business Recovery acquires RPG team

Business accountancy and advisory firm Cowgills has acquired the business recovery arm of Manchester based accountancy firm RPG for an undisclosed sum

18 Aug 2020