Business &amp; Accountancy Daily

Image for finance mole stepping cfo role

| Finance Mole: stepping up to the CFO role

In a surprise move, Finance Mole breaks with tradition and secures a challenging job at the top of the finance team

15 Jan 2021

Image for consultation insolvency changes electronic payment institutions extended

Business | Consultation on insolvency changes for electronic payment institutions extended

The Treasury has extended by a week the consultation period on proposed insolvency changes for payment institutions (PIs) and electronic money institutions (EMIs), which include establishing a new special administration regime (SAR)

15 Jan 2021

Image for uk exec guilty bribery ftse 250 engineer

Business | UK exec guilty of bribery at FTSE 250 engineer

A bribery scandal surrounding FTSE 250 energy infrastructure specialist Petrofac has deepened, with a former senior executive pleading guilty to additional charges relating to corrupt payments made in connection with multibillion pound contracts in the Middle East

15 Jan 2021

Image for people news mha larking gowen moore thompson smith cooper

Business | People in the news: MHA Larking Gowen, Moore Thompson, Smith Cooper

In this week’s accountancy career moves, partner appointments at MHA Larking Gowen, 12 promotions at Smith Cooper, and chairman named at Sionic

15 Jan 2021

Careers

Leadership & Management

Image for iris acquisition expands cloud offering

Business | IRIS acquisition expands cloud offering

IRIS Software Group has acquired Senta, the cloud-based practice management software for accountants and bookkeepers, in a move designed to support moves to Making Tax Digital reporting

15 Jan 2021

Image for pandemic disruption poses threat 400000 retail jobs

Business | Pandemic disruption poses threat to 400,000 retail jobs

Changes in working patterns as a result of Covid could result in over 400,000 job losses on the high street, as workers continue to work from home at least part of the week, according to research by KPMG

15 Jan 2021

Leadership & Management

Image for former carillion executive facing directors bans

Business | Former Carillion executive facing directors’ bans

As the third anniversary of the collapse of Carillion approaches, business secretary Kwasi Kwarteng has begun legal proceedings which could see eight former executives banned from serving as directors for specified periods

14 Jan 2021

Image for missing ps1m tips waste boss ban

Business | Missing £1m tips waste boss into ban

The boss of a skip company has been banned for seven years after failing to provide accounting records for over £1m of payments

14 Jan 2021

Called to Account

Image for hmrc tax returners spread ps69m time pay plan

Tax | HMRC: tax returners spread £69m with Time to Pay plan

Almost 25,000 self assessment taxpayers have set up an online payment plan to manage their tax liabilities in up to 12 monthly instalments, totalling £69.1m, HMRC has revealed

14 Jan 2021

Finance | Regulator cracks down on pension scheme governance failures

The Pensions Regulator (TPR) has banned a corporate trustee and one of its directors from acting as pension scheme trustees after multiple governance failures which it said highlighted a lack of competence, capability and integrity

14 Jan 2021

Business | FCA updates Covid repossession guidance

The Financial Conduct Authority (FCA) is to update its guidance on mortgages and consumer credit repossessions during the pandemic, easing some of its previous recommended restrictions

14 Jan 2021

Image for rulings favour hmrc hike pension tax liability

Tax | Rulings in favour of HMRC hike pension tax liability

Zigurds Kronbergs, tax writer at Croner-i, examines two recent pension tax cases which went against claimants, Clark at the Court of Appeal and Sippchoice at Upper Tribunal, both deemed to break pensions tax rules under Finance Act 2004

13 Jan 2021

Business | Consulting services drive 9.2% growth at RSM International

RSM International has posted a 9.2% hike in global revenue which hit $6.3bn (£4.6bn) in 2020, up from $5.7bn (£4.2bn) the previous year

13 Jan 2021

Leadership & Management

Image for seven year ban menu caterer over missing ps265k tax

Business | Seven-year ban on the menu for caterer over missing £265k in tax

A takeaway owner from Kent has been banned for seven years after undeclaring orders to avoid paying £265,000 worth of taxes

13 Jan 2021

Called to Account

Image for push extend debt relief order eligibility post covid

Business | Push to extend debt relief order eligibility post-Covid

Financial difficulties caused by Covid are driving plans to increase the financial eligibility criteria for debt relief orders (DROs), in a bid to help more vulnerable people get a fresh start

13 Jan 2021

Careers

Image for mps investigate corporate insolvency market

Business | MPs to investigate corporate insolvency market

An influential cross-party group of MPs is to conduct an in-depth investigation into standards in the UK insolvency profession, in response to claims that some practitioners are prioritising lenders’ interests over those of business or other creditors

13 Jan 2021