Q&A addresses VAT reclaims on luxury watches, Croner Intelligence launches Workflows AI tool to draft letters, and IASB reviews 'unduly costly' IFRS 9 hedge accounting rules

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Business & Accountancy Daily

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Image for covid 19 cases spike nearly 3000 second day

Business | Covid-19 cases spike to nearly 3,000 for a second day

The government has warned that a sudden spike in coronavirus cases could see tougher lockdown restrictions being introduced, increasing concerns among businesses about the speed of recovery from the pandemic

8 Sep 2020

Business

Companies

Business | £3.5bn ‘at risk of furlough fraud’

Up to £3.5bn may have been lost to the Treasury as a result of fraud and error on furlough claims made via the government’s coronavirus job retention scheme (CJRS), HMRC has revealed

8 Sep 2020

Business

Companies

Image for case accountants failures not reasonable excuse

Tax | Case: accountant’s failures ‘not a reasonable excuse’

A taxpayer who argued it was his accountant’s fault he incurred late filing penalties has lost his appeal at a tribunal, which said it was his responsibility to check the necessary paperwork had been submitted by the deadline

8 Sep 2020

Tax | Q&A: VAT on energy saving materials

In our regular Q&A series from Croner Taxwise, VAT adviser, Arti Sonpal explains the VAT implications around installing electric car charging points and solar panels to a residential property

8 Sep 2020

Business | Only 8% of companies have plans to tackle climate change

Very few businesses have a board-level plan for tackling the financial challenges of climate change, despite the fact Covid-19 has accelerated concerns and discussions about social responsibility, research by KPMG has found

8 Sep 2020

Business

Companies

Accountancy Firms

7 Sep 2020

Tax | Is a wealth tax on the cards?

A new wealth tax in the UK, to support the NHS and social care, cannot be ruled out, following suggestions from the US to introduce a new charge on billionaires, says Blick Rothenberg’s Nimesh Shah

7 Sep 2020

Tax | Windsor tops tax avoidance table

Windsor has been named the UK hotspot for tax avoidance based on numbers of disclosures by taxpayers in the past year, with other stockbroker belt towns also in the top ten, according to research by UHY Hacker Young

7 Sep 2020

Business | Working from home poses £15bn risk to economy

As employees are encouraged to begin returning to the office this week, research from PwC warns of a potential £15.3bn hit to UK GDP every year if pandemic-levels of home working continue

7 Sep 2020

Business

Companies

Careers

Leadership & Management

Image for obituary lady judge corporate trailblazer

Business | Obituary: Lady Judge, corporate trailblazer

Lady Judge, who held a raft of senior positions in the financial services sector including with the Financial Reporting Council (FRC) and was a mainstay of the corporate world, has died at the age of 73

7 Sep 2020

Business

Companies

Careers

Image for medium sized businesses fear post furlough redundancies

Business | Medium-sized businesses fear post-furlough redundancies

More than half (60%) of the UK’s medium-sized businesses are planning redundancies when the coronavirus job retention scheme comes to an end in October, according to research from BDO

7 Sep 2020

Leadership & Management

Image for pwc fixes pre pack vehicle accident repair specialist

Business | PwC fixes pre-pack for vehicle accident repair specialist

PwC has arranged a pre-pack sale of Nationwide Accident Repair Services, saving over 2,000 roles at the garage specialist, but with 540 jobs lost following the company’s collapse into administration after Covid-19 hit trading

7 Sep 2020

Business

Companies

Accountancy Firms

Restructuring & Insolvency

Careers

4 Sep 2020

Business | Called to account: September 2020

In this month’s scandals, convictions and penalties, Illegal pension introducers ordered to repay after misleading investments, Ex CEO ordered to pay fine over accounting fraud charges, and Football club director’s bankruptcy extended over funds abuse

4 Sep 2020

Business

Called to Account

Image for how play virtual job hunting game

Business | How to play the virtual job-hunting game

Writing the modern CV, coping with video interviews, and breaking the LinkedIn code are just some of today’s challenges but Paula Gardner, founder of The Redundancy Recovery Hub shares important advice for those looking for a post-redundancy position

4 Sep 2020

Business

Companies

Careers

Leadership & Management

Image for private pension withdrawal age be raised

Tax | Private pension withdrawal age to be raised

The Treasury has confirmed that the minimum private pension age will increase from 55 to 57 in 2028, meaning that savers in late forties and those younger will now need to wait two years longer before accessing their pension

4 Sep 2020

Business | LEBC Group founder has passed away

Jack McVitie, founder and chief executive officer of the LEBC Group which he started back in the year 2000, has died following an illness

4 Sep 2020

Business

Companies

Image for universal basic income trial starts germany

Business | Universal basic income trial starts in Germany

Germany is set to trial providing citizens with a universal basic income, launching a three-year study of how receiving a non-means tested guaranteed flat-rate monthly sum from the state affects the economy and recipients' well-being

4 Sep 2020

Business

Companies

Careers

Leadership & Management

Image for people news bdo hw fisher begbies traynor

Business | People in the news: BDO, HW Fisher, Begbies Traynor

In this week’s accountancy career moves, two partner appointments at BDO, director named at Begbies Traynor, and hires at Tide and HW Fisher

4 Sep 2020

Business

Companies

Careers

Leadership & Management

Image for hmrc names new chief digital and information officer

Business | HMRC names new chief digital and information officer

HMRC has appointed Daljit Rehal as its new chief digital and information officer (CDIO), a role which the tax authority has described as ‘a challenge like no other’ as it moves to expand its digital services

4 Sep 2020

Leadership & Management

Image for grant thornton and bpp launch business mentoring apprenticeship

Business | Grant Thornton and BPP launch business mentoring apprenticeship

Grant Thornton has launched a coaching professional apprenticeship, in a bid to enhance professionalism in the role and provide employees and companies with the skills and framework to make coaching at work effective

4 Sep 2020

Leadership & Management

Image for eat out help out scheme cooks treat

Business | Eat Out to Help Out scheme cooks up a treat

The government’s Eat Out to Help Out scheme had served up over 100m meals by midnight on 31 August, at a cost to the Treasury of £522m, latest figures show

4 Sep 2020

Business

Companies

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Latest news

Business | Covid-19 cases spike to nearly 3,000 for a second day

Business | £3.5bn ‘at risk of furlough fraud’

Tax | Case: accountant’s failures ‘not a reasonable excuse’

Tax | Q&A: VAT on energy saving materials

Business | Only 8% of companies have plans to tackle climate change

Tax | Is a wealth tax on the cards?

Tax | Windsor tops tax avoidance table

Business | Working from home poses £15bn risk to economy

Business | Obituary: Lady Judge, corporate trailblazer

Business | Medium-sized businesses fear post-furlough redundancies

Business | PwC fixes pre-pack for vehicle accident repair specialist

Business | Called to account: September 2020

Business | How to play the virtual job-hunting game

Tax | Private pension withdrawal age to be raised

Business | LEBC Group founder has passed away

Business | Universal basic income trial starts in Germany

Business | People in the news: BDO, HW Fisher, Begbies Traynor

Business | HMRC names new chief digital and information officer

Business | Grant Thornton and BPP launch business mentoring apprenticeship

Business | Eat Out to Help Out scheme cooks up a treat