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Business | Why I chose an accountancy apprenticeship

More and more accountancy firms, from the Big Four right down to the smallest firm, are bringing apprentices on board as a means of training and upskilling their teams for the future. Ruby Flanagan finds out why candidates choose accountancy apprenticeships

11 Feb 2022

Accountancy Firms

Leadership & Management

Image for director banned unexplained ps23m income

Business | Director banned for unexplained £2.3m income

A director has been banned for seven years after they could not explain how the company received £2.3m worth of income and where £1.8m worth of payments went

11 Feb 2022

Called to Account

Image for hmrc slated lack ambition recover ps4bn furlough fraud

Tax | HMRC slated for ‘lack of ambition’ to recover £4bn furlough fraud

HMRC has been criticised for its lack of ambition in tackling covid fraud related to the furlough and self employed support schemes as £4bn is unlikely to be recovered

11 Feb 2022

Image for people news bdo hurst azets moore global

Business | People in the news: BDO, Hurst, Azets, Moore Global

In this week’s accountancy career moves, partner appointments at BDO, RSM and EY-Parthenon, senior hires and promotions at Azets, Hurst and Moore Global

11 Feb 2022

Accountancy Firms

Leadership & Management

Image for accountant blamed taxpayer loses ps308k tax appeal

Tax | Accountant blamed as taxpayer loses £308k tax appeal

A taxpayer’s appeal against a £308,798 tax assessment was rejected after the court ruled that the taxpayer’s accountant had acted carelessly when implementing a tax avoidance scheme

11 Feb 2022

Image for kids company charity was financially mismanaged

Finance | Kids Company charity was financially ‘mismanaged’

The Charity Commission has released its long-awaited report on the charity Kids Company and concluded that it was ‘mismanaged’ and ‘operated a high risk business model’

11 Feb 2022

Image for ps850m covid 19 support grants still available

Business | £850m Covid-19 support grants still available

Businesses across the country are being encouraged to apply for remaining grant funding from local authorities to help them through the pandemic

11 Feb 2022

Image for azets employ 1000 apprentices

Business | Azets to employ 1,000 apprentices

Azets has outlined its plans to take on 1,000 apprentices in 2022

11 Feb 2022

Accountancy Firms

10 Feb 2022

Image for accountants beware risk straying outside your retainer

Business | Accountants: beware the risk of straying outside your retainer

Juliet Schalker, partner in the dispute resolution team at law firm Debenhams Ottaway, explains what you should watch out for to avoid being on the receiving end of a claim from a director or an insolvent estate

10 Feb 2022

Accountancy Firms

Leadership & Management

Image for fake companies shut down ps180k covid loan fraud

Business | Fake companies shut down for £180k covid loan fraud

Two fake personal protective equipment (PPE) companies that fraudulently took £180,000 from Covid-19 loans have been shut down

10 Feb 2022

Called to Account

Image for hmrc call waiting time drops nine minutes

Tax | HMRC call waiting time drops to nine minutes

The average waiting time for HMRC’s call line hit nine minutes in December 2021 which is an improvement of four minutes from the 13 minutes recorded in November

10 Feb 2022

Image for hmrc needs improve cest tool reduce risks ir35 reform

Tax | HMRC needs to improve CEST tool to reduce risks of IR35 reform

The size and complexity of the private sector means that the extension of off-payroll rules to the private sector makes compliance a problem for HMRC, warns NAO

10 Feb 2022

Image for frc launches audit probe liberty commodities

| FRC launches audit probe into Liberty Commodities

The Financial Reporting Council (FRC) has launched an investigation into HW Fisher's audit of Liberty Commodities which is part of metal tycoons Sanjeev Gupta’s GFG Alliance

10 Feb 2022

Image for probe launched captain tom foundation

Finance | Probe launched into Captain Tom Foundation

The Charity Commission is to investigate financial accounts of the Captain Tom Foundation after concerns were raised over its governance last year

10 Feb 2022

Image for accounting group xeinadin secures pe investment

Business | Accounting group Xeinadin secures PE investment

Xeinadin Group Limited, the group of accountancy and business advisory firms, has attracted a substantial investment of funds from private equity firm Exponent

10 Feb 2022

Accountancy Firms

Leadership & Management

Image for lords slam rise use umbrella companies avoid tax

Tax | Lords slam rise in use of umbrella companies to avoid tax

The government's extension of off-payroll working rules to the private sector in April 2021 has resulted in an increased use of umbrella companies, Lords warn

10 Feb 2022

9 Feb 2022

Image for landlords and 60 day cgt pay and file regime

Tax | Landlords and the 60-day CGT pay and file regime

Budget changes to the deadline for paying capital gains tax on residential property sales means that there is now a 60-day window for payments. Tim Palmer, CTA ATT, explains the intricacies of the system

9 Feb 2022

Image for frc management shake chair du plessis hired

Business | FRC management shake-up as chair Du Plessis hired

The government has confirmed a number of non-executive director appointments at the audit regulator after months of looking for independent board members

9 Feb 2022

Accountancy Firms

Leadership & Management

Image for taxpayer loses claim over ps164k vat assessment

Tax | Taxpayer loses claim over £164k VAT assessment

The Court of Appeal has thrown out an appeal from a taxpayer against a VAT assessment of £164,932 ruling that they did not comply with requirements or even have the correct records to prove its claims

9 Feb 2022

Image for hmrc raises late payment interest rate 3

Tax | HMRC raises late payment interest rate to 3%

Following the increase in the base rate, HMRC has confirmed that the late payment interest rate will rise a quarter of a percent from 21 February

9 Feb 2022

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Business | A quarter of SMEs to struggle with payroll come April

One in four UK SMEs will struggle to meet rising payroll costs in April due to the rise in National Insurance and wages reveals research from the Association of Chartered Certified Accountants (ACCA)

9 Feb 2022

Image for deloitte acquire artificial intelligence specialist

Business | Deloitte to acquire artificial intelligence specialist

Big Four firm Deloitte plans to acquire data and digital transformation specialists Etain, creating Northern Ireland’s largest artificial intelligence (AI) and data practice

9 Feb 2022

Accountancy Firms

Image for tax reporting should take account esg

Tax | Tax reporting should take into account ESG

Businesses need to start looking at tax reporting from an environmental, social, governance (ESG) perspective to build trust and prove commitment to sustainability and social responsibility, says PwC

9 Feb 2022

Image for higher costs and paperwork thwart post brexit eu trade

Business | Higher costs and paperwork thwart post-Brexit EU trade

Border controls put in place after the UK left the EU have resulted in increased costs, paperwork and border delays, say MPs on influential Public Accounts Committee

9 Feb 2022