Business &amp; Accountancy Daily

Property Tax

Tax Compliance

Image for economists attack current economic policy

Business | Economists attack current economic policy

Economists criticised the government’s current economic policy, plan for the national insurance increase, and the banks handling of inflation in Treasury Committee hearing

8 Feb 2022

Image for one five public sector hirers reduce use contractors after ir35 rule change

Tax | One in five public sector hirers reduce use of contractors after IR35 rule change

Four years since off-payroll working came in for the public sector only one in five organisations have reduced the number of contractors they use

8 Feb 2022

Employment Tax

Image for reshuffle sees heaton harris move treasury

Tax | Reshuffle sees Heaton-Harris move to Treasury

Chris Heaton-Harris has been appointed as parliamentary secretary to the Treasury and chief whip in a minor reshuffle

8 Feb 2022

Politics

Image for director banned after ps800k debts discovered

Business | Director banned after £800k debts discovered

Nasrullah Irfan from Manchester has been given a six-month sentence after breaching a disqualification order that prevented him from acting as a company director

8 Feb 2022

Called to Account

Image for suburban harrow named tax avoidance hotspot

Tax | Suburban Harrow named tax avoidance hotspot

The London suburb of Harrow has been revealed as the unexpected centre for tax avoidance in the UK with 346 taxpayers admitting to avoiding tax last year

8 Feb 2022

Personal Tax

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Business | Half of accountants stressed by workload

Stress and poor mental health are a problem for over half of accountants research by charity CABA reveals

8 Feb 2022

Image for dyke yaxley looks overseas fill accountancy jobs

Business | Dyke Yaxley looks overseas to fill accountancy jobs

Accountancy firm Dyke Yaxley has opened its job applications up to allow international candidates to apply in order to attract the most talented staff

8 Feb 2022

Image for government consults future customs system

Tax | Government consults on future of customs system

The Treasury and HMRC is consulting on the future of the customs system in a post Brexit world with a view to simplifying the process where possible

8 Feb 2022

Business | How can you help clients increase their chances of raising capital?

Before a business starts the quest for new financing it is essential to make sure that all the management profiles, balance sheet and any outstanding directors loans are clearly identified. Oliver Woolley, CEO at Envestors, sets out a detailed plan for preparing a bid

7 Feb 2022

Image for grant thornton quits dx group auditor

Finance | Grant Thornton quits as DX Group auditor

Mid tier auditor Grant Thornton has resigned as auditor of AIM listed logistics company DX Group over concerns about a corporate governance inquiry

7 Feb 2022

Auditing

Corporate Governance

Image for hmrc updates cryptocurrency tax guidance

Tax | HMRC updates cryptocurrency tax guidance

HMRC has updated its crypto assets tax guide to include information on the treatment of decentralised finance (DeFi) lending and staking in proof-of-stake networks

7 Feb 2022

Image for probes big businesses generated ps86bn extra tax

Tax | Probes into big businesses generated £8.6bn extra tax

HMRC’s investigations into the UK’s biggest businesses brought in an extra £8.6bn in tax last year, equivalent to £69 collected for every £1 spent

7 Feb 2022

Business Tax

Image for nic increase hit apprenticeship numbers

Business | NIC increase to hit apprenticeship numbers

The Federation of Small Businesses (FSB) has criticised the increase in national insurance, saying that it will negatively hit young people with the number of apprenticeships offered likely to reduce

7 Feb 2022

Image for vat treatment early contract termination revised

Tax | VAT treatment on early contract termination revised

HMRC has issued an update on the VAT treatment of early termination, compensation and similar payments revising 2020 guidance

7 Feb 2022

Business | Consumer confidence falls as cost of living soars

Inflation and rising household bills have dented consumer confidence although job security levels have improved

7 Feb 2022

Business | The solicitor-accountant – two for one?

As accountancy firms look for expansion opportunities, what are the options for accountants considering training and dual qualification, ask Jane Ching and Jane Jarman of Nottingham Law School

4 Feb 2022

Careers

Image for kpmg sued ps13bn over carillion audit

| KPMG sued for £1.3bn over Carillion audit

KPMG is being sued for £1.3bn by the Official Receiver over its role as auditor to collapsed contractor Carillion

4 Feb 2022

Auditing

Image for mps call road pricing replace ps38bn motoring taxes

Tax | MPs call for road pricing to replace £38bn motoring taxes

The ban on the sale of new diesel and petrol vehicles by 2030 will create huge pressure on the government to come up with an alternative to raise billions in tax revenue

4 Feb 2022

Personal Tax

Image for mtd vat raises costs smallest businesses

Tax | MTD for VAT raises costs for smallest businesses

Businesses using bridging software see limited benefits from Making Tax Digital for VAT while they are concerned that prices will rise

4 Feb 2022

HR | People in the news: PKF Francis Clark, BDO, Kreston Reeves, TaxAssist

In this week’s accountancy career moves, partner promotions at PKF Francis Clark and Moore Kingston Smith, hires at Kreston Reeves and Quantuma, non-execs at BDO and board changes at TaxAssist

4 Feb 2022

Careers

Leadership & Management

Image for fake insolvency practitioner given 15 year ban

Business | Fake insolvency practitioner given 15-year ban

The director of an ‘unlicenced insolvency company’ that offered fake insolvency services has been given a 15-year ban after he acted as a company director while disqualified

4 Feb 2022

Called to Account

Image for hmrc increase interest rates late payments

Tax | HMRC to increase interest rates for late payments

HMRC interest rates for late payments will be revised following the Bank of England interest rate rise to 0.50% with the changes due to come in from mid February

4 Feb 2022

Tax Compliance

Image for cipfa lasaac consults plans address late audits

| CIPFA LASAAC consults on plans to address late audits

The CIPFA LASAAC Local Authority Code Board has announced an emergency consultation to address the problem with late audits and failure to file timely audited accounts

4 Feb 2022

Accounting Consultations

Image for probe launched charity over missing accounts

Finance | Probe launched into charity over missing accounts

The Charity Commission has opened an inquiry into Islamic Education Centre and Mosque over concerns relating to financial mismanagement

4 Feb 2022