In our weekly Q&A, Suzanne Rowland, tax adviser at Croner Taxwise, considers how use of Self-Employment Income Support Scheme (SEISS) grants could impact on a sole trader’s decision to incorporate their business and any risks around earlier SEISS claims
An Upper Tribunal at the Scottish Court of Session has dismissed an appeal made by the owner of Moulsdale Properties who argued that his property sale was exempt from VAT
Retailers using social media influencers to ‘advertise’ their products may face unexpected tax bills as HMRC views the arrangement as a benefit in kind, warns tax and advisory firm, Blick Rothenberg
Demand for transparency around environmental, social and governance (ESG) reporting is rising but 50% find it difficult to trust companies when they promote what they are doing, according to a Workiva survey
The Department for Business, Energy & Industrial Strategy has announced a £166.5m cash injection for green technology and development as part of the government’s green industrial revolution
As the government consults on a raft of audit reform, Paul Brehony, partner and Kate Gee, senior associate at Signature Litigation consider whether this will result in an anticipated uptick in post-pandemic litigation against auditors
Heathrow Airport, Dufry and Global Blue have lost their legal challenge against the Treasury’s controversial move to end tax free sales and VAT rebates for outbound tourists
Solution 30 published its 2020 annual report and accounts without a sign-off from its auditor EY with the Big Four audit firm saying that the reports lacked the necessary information from the company
In a review of the quality of cash flow auditing, the Financial Reporting Council (FRC) has identified recurring errors in cash flow statements relating to misclassification between operating, investing, and financing activities
The CBI is calling on regulators to reform the regulatory environment to encourage investment and innovation across the UK economy and boost regional growth, while a tax roadmap would provide certainty for business
The Financial Reporting Council (FRC) has issued minor amendments to the audit rules for International Standard for Review Engagement (UK) 2410, but is holding back on any significant updates until the government's audit reforms are implemented
EY will be moving to a hybrid working model in the UK, with the expectation that most of its people will normally spend at least two days a week working remotely with the remainder of their time spent working together in person at a client site or EY office
The Financial Reporting Council (FRC) has issued minor amendments to FRS 101 – 2020/21 cycle, which brings to a close the 2020/21 annual review of FRS 101 Reduced Disclosure Framework
A good recruitment process is key to securing the best finance and accountancy talent, as well as successful business growth. But the process doesn’t stop once new hires have accepted the job offer. Julie Mott, MD of recruitment firm Howett Thorpe, offers tips on remote onboarding
The US Treasury has announced that its proposals for a global minimum tax rate could go as low as 15% for large multinational corporations rather than President Biden’s previously proposed 21%
The government is consulting on a series of targeted amendments to the insolvency arrangements for insurers, which would enable the UK authorities to better manage insurer distress
The Office of Tax Simplification (OTS) is calling for an overhaul of capital gains tax (CGT) rules from tax liability when moving home to getting divorced, and an extension of the tight 30-day deadline for settling CGT bills when selling property
More than half of FTSE 100 CEOs have had their salaries frozen this year while a reduction in bonuses for 2020 has seen average total single figure pay drop from around £4.3m to £3.5m, according to PwC analysis of the first 50 FTSE 100 companies to publish their 2021 annual remuneration reports
In this week’s accountancy career moves, a host of partner appointments at EY, Mazars, RSM and Buchler Phillips, promotions at BDO, Hentons and Langricks, plus permanent CEO for R3
As lockdown begins to ease, trains are getting busier as more people venture back to the office, if only for a few days a week. Finance Mole has taken the plunge and is reaping the benefits, so far, albeit just for one day a week
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