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Latest news

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Finance | Small businesses will have to file P&L accounts at Companies House

The government has set out plans to reform governance at Companies House to stop manipulation of the service, particularly in the use of anonymous or fraudulent shell companies and partnerships

1 Mar 2022

Finance

Financial Reporting

Finance | Legal updates: March 2022

Debbie Shaw, director at Gateley Legal, examines a force majeure decision relating to covid-19, shareholder claims for untrue or misleading statements in the Autonomy case and changes to UK financial promotions exemptions

1 Mar 2022

Finance

Financial Reporting

Law and Regulation

Tax | VAT updates: March 2022

Graham Elliott examines the postal services exemption in Zipvit, beautician room rental in the case of Errol Willy Salons and evidence for export in Junjie Lui & Zhe Li

1 Mar 2022

Tax

VAT

Case Reports

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Tax | Tax regime needs to focus on investment

The Chancellor needs to focus on a tax regime that clarifies and focuses on business investment in order to support growth in the economy

1 Mar 2022

Tax | Major tax reform needed to tackle inequality

Tax experts have stated that a major overhaul of the overall tax system is needed to tackle inequality and support business

1 Mar 2022

Business | Azets acquires Inspire Accountants

Azets has merged with business and tax advisory firm Inspire Accountants, strengthening its south coast presence

1 Mar 2022

Business

Accountancy Firms

Image for qa postponed vat accounting system imports

Tax | Q&A: postponed VAT accounting system for imports

In this week’s Q&A, Croner Taxwise VAT adviser Rachel Clarke, explains the pros and cons of using the postponed VAT accounting system when importing goods

1 Mar 2022

Tax

VAT

Tax Compliance

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Tax | 1.3m miss self assessment deadline

HMRC reveals that 1.3m taxpayers did not file their self assessment returns by the 28 February deadline

1 Mar 2022

Tax | HMRC collects £30.8bn through tax probes

The total revenue generated from HMRC’s tax investigations has risen to £30.8bn in 2021

1 Mar 2022

Tax

HMRC

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Business | Strengthening the value of accountancy practices before sale

Colin Howell, regional partner of Business Partnership stresses the importance of strengthening the value of accounting practices pre-sale and the different factors that will increase the value to a buyer

28 Feb 2022

Business

Accountancy Firms

Leadership & Management

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Business | Government to push through Economic Crime Bill

The government is to bring forward the Economic Crime Act to clamp down on money laundering within the UK property market

28 Feb 2022

Tax | Use of unexplained wealth orders needs to be ramped up

HMRC is likely to use unexplained wealth orders to address money laundering concerns in the UK by Russian oligarchs

28 Feb 2022

Tax | Treasury consults on online sales tax

The Treasury has published an early stage consultation which explores the arguments for and against the introduction of an online sales tax (OST)

28 Feb 2022

Tax

Business Tax

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Tax | Transferring unused basic threshold for inheritance tax

HMRC has issued guidance on the rules for transferring the basic tax-free allowance, known as the nil rate band, to a surviving spouse or civil partner

28 Feb 2022

Business | Poor corporate culture result of board indifference

Boards need to get a grip on unhealthy corporate cultures following a string of culture-related public scandals, with boards not showing leadership on the issue

28 Feb 2022

Business

Companies

Careers

Leadership & Management

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Finance | Climate change module added to accountancy course

The University of Birmingham has introduced a climate change syllabus onto its BSc Accountancy and Finance degree course

28 Feb 2022

Finance

Accounting Standards

Financial Reporting

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Business | £1.9bn Kickstart job scheme was ‘chaotic’

The delivery of the Kickstart scheme designed to provide jobs for young unemployed during the covid pandemic was ‘chaotic’, say MPs on the Public Accounts Committee (PAC)

25 Feb 2022

Business

Companies

Careers

Image for people news bdo mazars raffingers rsm

HR | People in the news: BDO, Mazars, Raffingers, RSM

In this week’s career moves, partner promotions at BDO, Mazars, Raffingers and RSM, and senior hires at Kreston Reeves and Baker & Partners

25 Feb 2022

Business

Careers

Leadership & Management

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Tax | Office of Tax Simplification to review approach to tax

The Office of Tax Simplification (OTS) is reviewing its future role and how it will address ‘tax simplification’

25 Feb 2022

Tax

HMRC

Tax Planning

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Business | How accountants can improve their CVs

It is important to make sure your CV provides the best picture of your qualifications and experience as accountant. Paul Card, MD of Paul Card Recruitment provide tips and advice on writing a winning CV

25 Feb 2022

Business | 16% of graduates regret their degree

Research by the Association of Accounting Technicians (AAT) found that 16% of graduates wish that they had not done their degree and had chosen a different route to university

25 Feb 2022

Business

Accountancy Firms

Image for 500k self assessment refunds sat limbo

Tax | 500k self assessment refunds ‘sat in limbo’

Half a million taxpayers are still waiting for refunds from overpaid tax from self assessment tax returns for tax year 2019-20, although HMRC fraud checks create some of the delays

25 Feb 2022

Tax

HMRC

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Tax Services

Latest news

Finance | Small businesses will have to file P&L accounts at Companies House

Finance | Legal updates: March 2022

Tax | VAT updates: March 2022

Tax | Tax regime needs to focus on investment

Tax | Major tax reform needed to tackle inequality

Business | Azets acquires Inspire Accountants

Tax | Q&A: postponed VAT accounting system for imports

Tax | 1.3m miss self assessment deadline

Tax | HMRC collects £30.8bn through tax probes

Business | Strengthening the value of accountancy practices before sale

Business | Government to push through Economic Crime Bill

Tax | Use of unexplained wealth orders needs to be ramped up

Tax | Treasury consults on online sales tax

Tax | Transferring unused basic threshold for inheritance tax

Business | Poor corporate culture result of board indifference

Finance | Climate change module added to accountancy course

Business | £1.9bn Kickstart job scheme was ‘chaotic’

HR | People in the news: BDO, Mazars, Raffingers, RSM

Tax | Office of Tax Simplification to review approach to tax

Business | How accountants can improve their CVs

Business | 16% of graduates regret their degree

Tax | 500k self assessment refunds ‘sat in limbo’