Business &amp; Accountancy Daily

Leadership & Management

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Business | Multigenerational wealth and tax considerations

Charlotte Murtagh, head of private office at ZEDRA, provides tips to ensure wealth stays within the family and issues to consider around the business, taxes, profits as well as estate and inheritance fees to avoid unwelcome surprises

11 Nov 2021

Leadership & Management

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Tax | HMRC ends payments to Post Office accounts for taxpayers

Around 24,000 HMRC taxpayers with a Post Office card account have just three weeks left to update the department with new payment details before the 30 November deadline, or risk having payments paused

11 Nov 2021

Tax

HMRC

Tax Compliance

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Business | Arbitration process for landlords and tenants planned

The government has introduced a Bill into parliament proposing a new binding arbitration process to help landlords and business tenants find proportionate resolution of Covid-19 related rent debt

11 Nov 2021

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Tax | Catax acquires R&D specialist Aim Proactive

Business tax relief specialist Catax has acquired competitor Aim Proactive in a deal worth up to £5m and will bring all staff over to Manchester HQ

11 Nov 2021

Business | Retaining and hiring accounting staff hampered by skills gap

Just 14% of CFOs are confident that their finance function has the skills required to help their organisation grow and adapt over the next five years

11 Nov 2021

Business | Court orders company director to pay £29k

The court has dismissed the appeal of a company director against a personal liability notice (PLN) of £29,473.49 for a deliberate inaccuracy on his VAT returns

11 Nov 2021

Called to Account

Finance | Law to protect pensions from scammers

The Department for Work and Pensions (DWP) has published new regulations that will give trustees the power to stop suspicious transfers

11 Nov 2021

Pensions

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| Treasury will consult on central bank digital currency

The Treasury and the Bank of England is to launch a consultation next year on potential plans to launch a UK central bank digital currency (CBDC)

11 Nov 2021

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Finance | Using tests of details to obtain audit evidence

Michelle Roberts ACA, audit writer at Croner-i, explains what tests of details are and how to use them to obtain audit evidence and identify material misstatements taking into account ISA (UK) 330

10 Nov 2021

Auditing

Corporate Governance

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Business | Financial regulators to be given new powers post Brexit

The Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) will be granted greater flexibility to update laws inherited from the European Union (EU) as part of the Government’s push to overhaul the financial industry after Brexit

10 Nov 2021

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Business | Less than a third of businesses taking action to cut emissions

Less than a third of businesses plan on cutting their greenhouse gas emissions over the next year, despite the UK’s recent net-zero efforts, according to the latest research

10 Nov 2021

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Business | No action against directors of collapsed provider 3aaa

The Insolvency Service has concluded its inquiry into the collapsed apprenticeship businesses Aspire Achieve Advance (3aaa) with no sanctions imposed against its directors

10 Nov 2021

Business | Businesses to suffer if recovery loan scheme not amended

Azets has warned that businesses are to face serious funding problems unless the recovery loan scheme (RLS) is not extended and if banks continue to refuse transfers outstanding coronavirus business interruption loan scheme (CBILS)

10 Nov 2021

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Business | KPMG partners with financial crime fighter Quantexa

KPMG has agreed to a partnership with the financial crime software company Quantexa which aims to improve its capabilities of tackling fraud, money laundering, and illicit finance

10 Nov 2021

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Tax | Q&A: tax and cryptocurrency disposals

In this week’s Q&A, Croner Taxwise experts consider the tax implications of disposing of cryptocurrency holdings and whether a lost hard drive containing bitcoin can be written off against tax

9 Nov 2021

Tax

Personal Tax

Tax Compliance

Image for switch remote working saved 500 hmrc jobs

Tax | Switch to remote working saved 500 HMRC jobs

HMRC’s 2020-21 annual accounts revealed that its redundancy programme was scaled back as a result of flexible working arrangements introduced in response to the Covid-19 pandemic

9 Nov 2021

Business | Accountant jailed for £123k VAT fraud

An accountant has been jailed for two years after he fraudulently claimed £123,296 worth of VAT repayments through fake businesses

9 Nov 2021