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Image for insolvency law risk suppliers tied failed business

Business | Insolvency law risk for suppliers tied into failed business

With the 30 September deadline for SMEs to terminate contracts if they supply an insolvent client fast approaching, Ian Timlin at Conexus warns suppliers to check contracts closely to avoid costly commitments under the Corporate Insolvency and Governance Act 2020

29 Sep 2020

Business

Companies

Accountancy Firms

Restructuring & Insolvency

Law & Guidance

Image for hmrc sees rise coronavirus tax scams

Business | HMRC sees rise in Coronavirus tax scams

Almost 10,000 coronavirus scams were reported to HMRC in the first half of the year, according to analysis by Saffery Champness

29 Sep 2020

Business

Companies

Image for covid travel ban forces training college collapse

Business | Covid travel ban forces training college collapse

Tim Ball, partner, and Mike Field, director, of Mazars have been appointed as joint liquidators of one of Bournemouth’s longest-established colleges for overseas students, which has ceased operations as a result of the impact of Covid-19 on the business

29 Sep 2020

Business

Companies

Restructuring & Insolvency

Image for ex amazon finance manager insider trading charges

Business | Ex Amazon finance manager on insider trading charges

A former finance manager at Amazon and two family members have been charged making $1.4m (£1.09m) from insider trading using confidential information in advance of Amazon earnings announcements

29 Sep 2020

Business

Called to Account

Image for ifrs foundation look sustainability reporting

Finance | IFRS Foundation to look at sustainability reporting

Disclosures on climate-change related issues will become much more prevalent than currently is the case, and IFRS reporting has an important role to play in improving transparency around sustainability issues, according to International Accounting Standard Board (IASB) chair Hans Hoogervorst

29 Sep 2020

Tax | Q&A: VAT implications of a successful hobby

In our regular Q&A series, Croner Taxwise explores the VAT implications for income earned relating to a hobby, for example prize money, participation fees and sponsorship

29 Sep 2020

Business | Investors remain cautious after lockdown

As the economy returns to work, HYCM chief currency analyst Giles Coghlan sets out where investors are looking to secure their savings and protect their cash

28 Sep 2020

Business

Companies

Accountancy Firms

Image for record 13bn money laundering fine australian bank

Business | Record $1.3bn money-laundering fine for Australian bank

Australian bank Westpac is to pay a record fine of A$1.3bn (£722m) after admitting more than 23 million breaches of money-laundering laws

28 Sep 2020

Business

Companies

Accountancy Firms

Image for president trump paid no income tax 11 years

Tax | President Trump ‘paid no income tax’ for 11 years

Donald Trump paid just $750 (£581) in federal income tax the year he became US president, and made no payments in 11 other earlier years, according to US news media reports

28 Sep 2020

Tax

Personal Tax

Politics

Image for victory vodafone indian tax dispute

Tax | Victory for Vodafone in Indian tax dispute

Vodafone has won a long-running tax case in India over some £2.4bn of tax imposed by the authorities there following the telecom giant’s acquisition of a local operator over a decade ago

28 Sep 2020

Business | Pros and cons of home working

With Belfast coming out top in a survey of the best places to work from home, Matthew Scott sets out the best ways to make the most of the new normal, whether it is in the kitchen or sitting room, London or Manchester

25 Sep 2020

Leadership & Management

Image for betting scheme owner pulled over missing ps39m

Business | Betting scheme owner pulled up over missing £39m

The owner of a horse racing betting syndicate who misappropriated more than £39m via a sham scheme has seen his bankruptcy restrictions extended by 14 years

25 Sep 2020

Business

Called to Account

Image for fca launches criminal proceedings former redcentric employees

Finance | FCA launches criminal proceedings with former Redcentric employees

The Financial Conduct Authority (FCA) has confirmed it is taking criminal proceedings against three former executives of Redcentric, after the IT services provider was given a public censure for committing market abuse and ordered to pay £11.4m compensation to investors

25 Sep 2020

Finance

Accounting Standards

Financial Reporting

Image for 79 see cybersecurity top corporate risk

Business | 79% see cybersecurity as top corporate risk

For the third year running, cybersecurity tops the annual risk survey from the Chartered Institute of Internal Auditors (Chartered IIA) but, in the wake of Covid-19, disasters and crisis preparedness was also identified as a top five risk

25 Sep 2020

Business | FTSE 350 meets 33% female target

Across the FTSE 350 as a whole, women now make up more than a third of all board members for the first time, but individual companies are still missing the 33% target, government data shows

25 Sep 2020

Leadership & Management

Image for people news jersey finance kpmg shard capital

Business | People in the news: Jersey Finance, KPMG, Shard Capital

In this week’s accountancy career moves, executive board announcements at KPMG, chair named at Jersey Finance and Chartered Institute of Credit Management, and chief operating officer appointed at Shard Capital

25 Sep 2020

Leadership & Management