Business & Accountancy Daily | Business & Accountancy Daily

Latest news

Image for doing your due diligence when buying accountancy practice

Business | Doing your due diligence when buying an accountancy practice

Colin Howell, regional partner of Business Partnership and qualified financial accountant, outlines the importance of conducting due diligence when buying an accountancy practice, plus tips and a checklist for potential buyers

11 Nov 2021

Business

Accountancy Firms

Leadership & Management

Image for multigenerational wealth and tax considerations

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

Business

Companies

Accountancy Firms

Leadership & Management

Image for hmrc ends payments post office accounts taxpayers

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

Image for arbitration process landlords and tenants planned

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

Business

Companies

Accountancy Firms

Image for catax acquires rd specialist aim proactive

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

Business

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

Business

Pensions

Image for treasury will consult central bank digital currency

| 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

Business

Image for using tests details obtain audit evidence

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

Image for financial regulators be given new powers post brexit

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

Business

Companies

Accountancy Firms

Image for less third businesses taking action cut emissions

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

Business

Companies

Image for no action against directors collapsed provider 3aaa

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

Companies

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

Business

Companies

Image for kpmg partners financial crime fighter quantexa

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

Business

Accountancy Firms

Image for qa tax and cryptocurrency disposals

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

Business

Called to Account

Image for ps30m owed unpaid vehicle excise duty ved

Tax | £30m owed in unpaid vehicle excise duty (VED)

UK drivers owed more than £30m in unpaid vehicle excise duty (VED) in 2020 according to a freedom of information (FOI) request from Veygo

9 Nov 2021

Tax

Personal Tax

Image for cryptocurrency tax gap widens ps428k

Tax | Cryptocurrency tax gap widens to £428k

According to official HMRC data published earlier this month, the amount of tax underpaid by cryptocurrency investors has tripled from £142,000 last year to £428,000

9 Nov 2021

Finance | Boards call for urgent carbon reporting standardisation

Sage, The Association of Chartered Certified Accountants (ACCA), and the International Chamber of Commerce (ICC) has called on urgent action to be taken to standardise and simplify carbon reporting to help SMEs join the race to Net Zero

9 Nov 2021

Navigate

Tax Services

Latest news

Business | Doing your due diligence when buying an accountancy practice

Business | Multigenerational wealth and tax considerations

Tax | HMRC ends payments to Post Office accounts for taxpayers

Business | Arbitration process for landlords and tenants planned

Tax | Catax acquires R&D specialist Aim Proactive

Business | Retaining and hiring accounting staff hampered by skills gap

Business | Court orders company director to pay £29k

Finance | Law to protect pensions from scammers

| Treasury will consult on central bank digital currency

Finance | Using tests of details to obtain audit evidence

Business | Financial regulators to be given new powers post Brexit

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

Business | No action against directors of collapsed provider 3aaa

Business | Businesses to suffer if recovery loan scheme not amended

Business | KPMG partners with financial crime fighter Quantexa

Tax | Q&A: tax and cryptocurrency disposals

Tax | Switch to remote working saved 500 HMRC jobs

Business | Accountant jailed for £123k VAT fraud

Tax | £30m owed in unpaid vehicle excise duty (VED)

Tax | Cryptocurrency tax gap widens to £428k

Finance | Boards call for urgent carbon reporting standardisation