In our weekly Q&A, Croner Taxwise tax adviser Patrick O’Brien explains the tax position for people and partnerships receiving Self Employment Income Support Scheme (SEISS) grants
The government is consulting on plans to make professional indemnity insurance mandatory for tax advisers in a bid to improve standards and protect taxpayers
Owners of second homes will have to ensure they are renting out their properties for a minimum of 140 days a year if they cut their tax liability by registering for business rates
The government is strengthening HMRC powers as part of a raft of measures to clamp down on promoters of tax avoidance, with plans to be able to strike off directors for tax avoidance with the threat of two-year prison sentences
The government has published a series of tax documents and consultations in a move to strengthen policymaking and help create a more trusted, simple and modern tax system on its first Tax Day
Fortus Business Advisors & Accountants has widened its support available to clients through the creation of a sport and entertainment offering, led by ex-professional footballer Andrew Johnson
The tax avoidance market is increasingly dominated by a hard core of specialist online promoters rather than bricks and mortar companies, while accounting firms are rarely involved in the sector now, HMRC has confirmed
Fee income across the UK's largest accountancy firms grew at an average rate of 5.4% up to the firm’s latest year-ends, reporting revenues of £17.7bn, according to Accountancy Daily’s exclusive annual Top 75 survey
The amount of debt owed to HMRC from UK businesses and taxpayers has now trebled to reach £65.5bn from £19.3bn in 2019, as businesses and taxpayers fall behind on payments during lockdown, warns Pinsent Masons
The UK Endorsement Board (UKEB) has appointed 10 board members to the new body, set up to endorse and adopt new or amended international accounting standards in the UK after Brexit
The Restart Grant scheme to help businesses reopen safely as COVID-19 restrictions are lifted has been launched with confirmation grants will be available from 1 April 2021 but applications can be submitted in advance
Self assessment taxpayers have just over a week to pay any outstanding tax liabilities in full or set up an online payment plan for the 2019 to 2020 financial year to avoid incurring penalty charges, HMRC has warned
The government is proposing a major overhaul of the UK’s audit sector, with plans to break up the dominance of the Big Four, hold company directors of big businesses to account with the threat of fines or suspensions in the most serious cases, and create a new statutory regulator
The Supreme Court has ruled in favour of Mencap over a long-running case about whether sleep-in carers are entitled to be paid national minimum wage for hours worked
The government has cut the plug-in car, van and truck grant by £500 to £2,500 claiming it will broaden the range of electric vehicles qualifying for the scheme, a move that has come in for criticism as the government aims to stop the sale of petrol and diesel cars by 2030
In this week’s accountancy career moves, partner appointments at Mazars, KPMG and Smith & Williamson, manager promotions at Hurst and Quantuma, and education lead at PwC
Investors are being warned about worrying scams by people falsely claiming they can recover lost investments claiming that they are working on behalf of the Insolvency Service
CABA, the charity supporting the wellbeing of chartered accountants and their families, continues to deliver its vital support services to members with the addition of several new services
What makes a great business adviser? Brilliant technical skills alone are not enough; you also have to understand how to create real value for your clients. Shane Lukas, managing director of AVN, explains