Business & Accountancy Daily

Latest news

Image for moving tax year basis what does it mean

Tax | Moving to the tax year basis: what does it mean

Stephen Relf, CTA, FCA, lead tax writer at Croner-i, examines the impact of the government’s plans to change the taxation year for sole traders and partnerships

10 Aug 2021

Image for qa principal private residence relief claims

Tax | Q&A: principal private residence relief claims

In our regular Q&A series, Croner Taxwise tax adviser Marsha Haywood examines the impact of principal private residence relief (PPR) on a sale of a property held in a trust

10 Aug 2021

Image for 18 million couples claim marriage allowance

Tax | 1.8 million couples claim marriage allowance

Nearly 1.8 million married couples and those in civil partnerships have signed up for the marriage allowance to save up to £252 a year in income tax

10 Aug 2021

Image for watkin jones hires deloitte auditor after record ey tenure

Finance | Watkin Jones hires Deloitte as auditor after record EY tenure

AIM listed Watkin Jones plc has changed Big Four auditor after more than two decades of using EY as it appoints Deloitte

10 Aug 2021

Corporate Governance

Image for director banned eight years after pension scheme losses

Business | Director banned for eight years after pension scheme losses

A call centre director has been banned for eight years after running an unregistered pension scheme, risking over £200,000 from people’s pensions

10 Aug 2021

Called to Account

Image for 1000 extra civil servants move hmrcs leeds hub

Tax | 1,000 extra civil servants to move to HMRC’s Leeds hub

An extra 1,000 civil servants from across seven government departments and agencies will move into HMRC’s new Leeds hub over the next few months

10 Aug 2021

Image for hands experience worth more university

Business | Hands-on experience worth more than university

Over half of UK adults do not think a university degree is worth the investment, with 57% of young people, aged 16 – 24 years, believing that three or more years of on-the-job experience was more valuable than going to university

10 Aug 2021

Accountancy Firms

Image for auditor ey fined 10m us regulator

| Auditor EY fined $10m by US regulator

The US Securities and Exchange Commission (SEC) has charged accounting firm EY, one of its partners, and two of its former partners with improper professional conduct for violating auditor independence rules

10 Aug 2021

Corporate Governance

Called to Account

Image for hospitality reopening drives job market

Business | Hospitality reopening drives job market

The reopening of pubs, restaurants, and bars led to a surge in the UK job market last month, BDO’s Employment Index reveals

10 Aug 2021

Image for charity commission double defaulter inquiry brings ps22m account

Finance | Charity Commission double defaulter inquiry brings £22m to account

The Charity Commission has accounted for £22.9m of charity income as a result of its pre-inquiry and class inquiry work into ‘double defaulter’ charities in the past year

10 Aug 2021

9 Aug 2021

Image for court appeal rules ingenious over trading issue

Tax | Court of Appeal rules for Ingenious over trading issue

In the long-running Ingenious court case over the use of tax avoidance schemes, the Court of Appeal has ruled against HMRC over two of key issues at stake, including trading with a view to profit

9 Aug 2021

Image for directors banned 25 years due ps176k loans

Business | Directors banned for 25 years due to £176k loans

Peterborough-based mechanics and motor parts suppliers have been banned from running companies for a total of 25 years after the pair provided false documents to secure £176,000 worth of loans

9 Aug 2021

Called to Account

Image for tilney smith williamson signals midlands expansion

Business | Tilney Smith & Williamson signals Midlands expansion

Wealth management and accountancy group, Tilney Smith & Williamson, has signed a property deal in the Midlands by agreeing terms for Birmingham’s landmark 103 Colmore Row – the tallest office building under construction in the UK outside London

9 Aug 2021

Accountancy Firms

Image for icas first sign prince charles terra carta

Business | ICAS first to sign up to Prince Charles’ Terra Carta

The Institute of Chartered Accountants of Scotland (ICAS) is the first accountancy institute to sign up to the Prince of Wales’ Terra Carta that aims to put sustainability at the heart of the private sector

9 Aug 2021

Accountancy Firms

Image for smes plan hire more staff confidence returns

Business | SMEs plan to hire more staff as confidence returns

Half of UK SMEs, 56%, expect to recruit more staff over the next year with 60% of SMEs intending to invest in their businesses, with only 20% intending to borrow, according to the Azets’ SME Barometer

9 Aug 2021

Image for charity commission launches inquiry care4calais

Business | Charity Commission launches inquiry into Care4Calais

The Charity Commission has announced an inquiry into the finances of aid charity Care4Calais stating that there are 'serious governance concerns'

9 Aug 2021

6 Aug 2021

Image for taxpayers daunted hmrc self assessment checks

Tax | Taxpayers ‘daunted’ by HMRC self assessment checks

Self assessment taypayers are wary of receiving letters about random checks to their tax status, finds the latest HMRC research into communications with the public

6 Aug 2021

Image for government backed insurance scheme events industry

Business | Government-backed insurance scheme for events industry

In a bid to support the live events sector, the government has launched a specific insurance scheme worth over £750m to protect against covid related cancellations

6 Aug 2021

Image for people news kpmg french duncan scholes xeinadin

Business | People in the news: KPMG, French Duncan, Scholes, Xeinadin

In this week’s accountancy career moves, senior partner appointment at KPMG, director hires at Scholes Chartered Accountants, Menzies and French Duncan, and chief financial officer appointment at Xeinadin Group

6 Aug 2021

Accountancy Firms

Leadership & Management

Image for capital gains tax take hits ps10bn

Tax | Capital gains tax take hits £10bn

The capital gains tax (CGT) paid on the sale of investments and second homes has reached an all-time high of almost £10bn official figures released by HMRC show

6 Aug 2021

Image for job starting salaries are rising record rates

Business | Job starting salaries are rising at record rates

Starting salaries, permanent staff appointments and temporary billings have all risen to near-record rates, according to the latest KPMG and Recruitment and Employment Confederation (REC) UK report

6 Aug 2021

Accountancy Firms

Image for office summer parties should get tax break

| Office summer parties should get tax break

Blick Rothenberg is calling on HMRC to relax strict staff entertaining rules for employees to help kick start the return back to the office after the Covid-19 pandemic

6 Aug 2021

Image for half businesses ignore climate risk reporting

| Half of businesses ignore climate risk reporting

Nearly half of organisations, 48%, do not include climate risks in their business risk reports, with over half, 53% not having a dedicated executive leader accountable for sustainability and climate risk reporting, NAO report reveals

6 Aug 2021

Image for aat stresses use qualified accountants

Business | AAT stresses use of qualified accountants

The Association of Accounting Technicians (AAT) has launched a guide for consumers with advice on appointing an accountant or tax adviser

6 Aug 2021

Accountancy Firms

Image for fraud cases court double last year

Business | Fraud cases in court double in the last year

The number of fraud cases seen in UK courts has doubled to 151 cases in the six months compared to just 76 last year, although the value of fraud has dropped 70% to just under £140m from £460m

6 Aug 2021

Accountancy Firms