Business &amp; Accountancy Daily

Image for geneva plans minimum wage ps3500 month

Business | Geneva plans minimum wage of £3,500 per month

The Swiss canton of Geneva is to introduce a statutory minimum wage of CHF23 (£20.82) per hour, setting an average monthly minimum wage of around £3,500, one of the highest in the world

2 Oct 2020

Careers

Business | Called to account: October 2020

In this month’s scandals, convictions and penalties, US rapper, film producer and others charged over bogus cryptocurrency promotion, CEO who swindled a charity’s pension scheme, and a motorhome company director was disqualified after guaranteeing return prices which could not be met

2 Oct 2020

Called to Account

Image for tougher action planned late payment

Business | Tougher action planned on late payment

The government is consulting on plans to give the Small Business Commissioner (SBC) more powers to resolve late payment issues, including the ability to launch investigations and impose fines

2 Oct 2020

Accountancy Firms

Image for people news moore kingston smith buzzacott mha larking gowen

Business | People in the news: Moore Kingston Smith, Buzzacott, MHA Larking Gowen

In this week’s accountancy career moves, partners appointed at Moore Kingston Smith, MHA Larking Gowen, MHA Henderson Loggie and Buzzacott, and chairman elected at Employer Covenant Practitioners Association (ECPA)

2 Oct 2020

Careers

Image for cfo role gains importance pandemic

Business | CFO role gains importance in pandemic

The global pandemic is changing the role of the chief financial officer (CFO) according to research by ACCA and the Institute of Management Accountants (IMA), which identified a growing shift to more strategic responsibility

2 Oct 2020

Image for deloitte backs new cbi business diversity push

Business | Deloitte backs new CBI business diversity push

Deloitte has given its backing to a new initiative launched by the CBI to increase racial and ethnic participation in British businesses at the highest levels, the first accountancy firm to signal its commitment

2 Oct 2020

Tax | VAT updates: September 2020

In this month’s round up of VAT cases, Graham Elliott considers compensation payments, charity advertising, legal fees and whether a houseboat is a building

1 Oct 2020

Business | Warning of fraud risk in Covid-19 business loans

The government was warned of potential ‘very significant fraud and credit risks’ with its coronavirus emergency loans for small businesses just days before the scheme’s launch, but decided to go ahead because of the ‘unprecedented situation’ created by the pandemic

1 Oct 2020

Image for covid 19 impacts deloittes growth

Business | Covid-19 impacts Deloitte’s growth

Covid-19 has hit growth at Deloitte, which saw a drop in activity in the final two months of the firm’s financial year, finishing with revenues totalling £4.31bn and partner pay falling by 16%

1 Oct 2020

Accountancy Firms

Image for whats inside frances covid recovery eu100bn plan

Business | What’s Inside France’s Covid Recovery €100bn Plan?

Following in the steps of the European Union’s historic agreement reached in July for €750bn in grants and loans to counter the impact of the pandemic in the 27-member block, France unveiled its own €100bn (£91bn) national initiatives in September

1 Oct 2020

Image for ifrs foundation consults sustainability standards development

Finance | IFRS Foundation consults on sustainability standards development

The IFRS Foundation trustees are exploring whether, and how, the global accounting standards body might become involved in developing global sustainability standards, given the heightened focus on environmental, social and governance (ESG) matters worldwide

1 Oct 2020

Tax | Year-end tax planning for companies - CPD module – NEW

This month's exclusive Accountancy Daily CPD module focuses on how to carry out an effective pre-year end review of the company’s tax affairs

1 Oct 2020

Tax | EU travel business VAT scheme fuels Brexit uncertainty

With the 31 December Brexit leaving date fast approaching, UK travel operators facing a complex and uncertainty future under the TOMS scheme, including the possibility of registering in all 27 remaining EU states says Sovos Accordance’s Alex Smith

30 Sep 2020

Tax | Airbnb pays additional £1.8m UK tax

Airbnb UK paid an additional £1.8m in tax last year, following an HMRC investigation into the company’s UK tax arrangements

30 Sep 2020

Finance | M&C Saatchi misses reporting deadline - shares suspended

M&C Saatchi is set to miss the deadline for filing its financial results as it seeks to unravel the details of accounting misstatements identified at the end of last year and now put at £14m, meaning its shares will be temporarily suspended

30 Sep 2020

Tax | Northern Ireland Trade Support Service goes live

The government is urging businesses to sign up to the new free-to-use Trader Support Service with fewer than 100 days until end of Transition period

30 Sep 2020

Business | Retired judge to chair Post Office accounting inquiry

The government has announced a retired High Court judge is to chair its inquiry into the Post Office Horizon IT dispute, which saw dozens of postmasters falsely accused of accounting fraud

30 Sep 2020

Law & Guidance

Image for covid 19 insolvency measures extended

Business | Covid-19: insolvency measures extended

The government is to extend a raft of changes to insolvency measures which were introduced earlier in the pandemic and due to end today, in order to give businesses more breathing space

30 Sep 2020