Croner Intelligence workflows guide users from query to finished letter, Hannah Fry swaps Traitors castle for ICAEW conference, and Grant Thornton is on track to hit 160 partner hire target early

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Business & Accountancy Daily

Latest news

Image for six tax tactics deploy financial year end

Tax | Six tax tactics to deploy before financial year-end

With the end of the tax year a fortnight away, it may seem too late to think about making your finances more tax efficient. But there’s still time to employ some effective tax tactics, says Jason Hollands, managing director at investing platform Bestinvest

25 Mar 2022

Image for arbitration service set covid rent moratorium ends

Business | Arbitration service set up as covid rent moratorium ends

The government has set up an arbitration system to help resolve outstanding commercial rent debts as the general moratorium on commercial evictions during the pandemic ends

25 Mar 2022

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Tax | VAT from Concert for Ukraine tickets donated to charity

The VAT collected on the sales of ITV’s Concert for Ukraine tickets will go directly to a charity providing aid for Ukraine, Chancellor says

25 Mar 2022

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Business | Deloitte launches ‘future of work’ office

Deloitte has opened its first UK office which has been specifically designed to follow the firm’s hybrid working approach in Newcastle

25 Mar 2022

Accountancy Firms

Image for property developer loses ps153k tax case

Tax | Property developer loses £153k tax case

A developer has lost an appeal against tax amendments and penalties worth £153,084.23 as the court ruled that he failed to declare tax, and submitted inaccurate returns, over eight years

25 Mar 2022

Image for people news streets rsm pwc deloitte

Business | People in the news: Streets, RSM, PwC, Deloitte

In this week’s accountancy career moves, partner hires at RSM and Deloitte, promotions at Streets and EY, and M&A specialist for Hawksford

25 Mar 2022

Leadership & Management

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Business | Customs Declaration Service ready for overhaul

HMRC is sending businesses letters to remind them that it is ready for exporters to start moving to the new Customs Declaration Service (CDS) system

25 Mar 2022

Image for funeral payment plan safe hands goes bust

Business | Funeral payment plan Safe Hands goes bust

Funeral planning company Safe Hands has gone into administration saying that over 45,000 customers are unlikely to be refunded their down payments

25 Mar 2022

Restructuring & Insolvency

Image for craven street acquires tarvos wealth

Business | Craven Street acquires Tarvos Wealth

Craven Street Wealth group has announced the acquisition of Tarvos Wealth

25 Mar 2022

Accountancy Firms

Leadership & Management

Image for ifrs and gri sign deal align climate reporting standards

Finance | IFRS and GRI sign deal to align climate reporting standards

The IFRS Foundation and Global Reporting Initiative (GRI) have signed a collaboration agreement to ensure the two standard setters work together on setting sustainability standards

25 Mar 2022

Financial Reporting

Image for charity inquiry launched accounting failings

Finance | Charity inquiry launched for accounting failings

The Charity Commission has launched a statutory inquiry into a Lancashire learning disabilities charity due to it not filing any financial accounts since 2016

25 Mar 2022

24 Mar 2022

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Tax | Tax defaulters face £18.4m in penalties

The latest HMRC deliberate defaulters list shows that £18.4m in penalties are outstanding for tax evasion and related non-payment for the last quarter

24 Mar 2022

Called to Account

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Tax | Future income tax cut ‘indefensible’, says IFS

The tax burden is the highest since the 1950s with the rise in the national insurance threshold from July only providing a slim benefit for taxpayers, despite announcements at the Spring Statement

24 Mar 2022

Image for one week left pay self assessment tax bills

Tax | One week left to pay self assessment tax bills

Self assessment taxpayers have just one week left to pay their tax bill or set up a payment plan to avoid incurring a penalty, HMRC has warned

24 Mar 2022

23 Mar 2022

Image for spring statement ps27k hike national insurance threshold

Tax | Spring Statement: £2.7k hike in national insurance threshold

In a move to give taxpayers some respite from the cost of living crisis, Chancellor Rishi Sunak announced plans to raise the national insurance threshold by £2,690

23 Mar 2022

Image for spring statement ps161m funding hmrc compliance work

Tax | Spring Statement: £161m funding for HMRC compliance work

HRMC is to receive a further £161m in funding over the next five years to increase its compliance and debt management capability

23 Mar 2022

Image for spring statement employment allowance raised ps5k

Tax | Spring Statement: employment allowance raised to £5k

In a bid to support businesses, the Chancellor announced a 20% rise in the employment allowance from the new tax year

23 Mar 2022

Image for spring statement 1p income tax cut 2024

Tax | Spring Statement: 1p income tax cut in 2024

In the Spring Statement, the Chancellor announced long-term plans to cut the basic rate of income tax from 20% to 19% in 2024

23 Mar 2022

Image for shopkeepers lose ps243k tax appeal

Tax | Shopkeepers lose £243k tax appeal

Court upholds VAT assessments, penalties, and income tax amendments totalling £234,516.22 ruling that the shopkeepers had deliberately filed incorrect returns to reduce their tax liability

23 Mar 2022

Image for oecd consults cryptoasset tax reporting rules

Tax | OECD consults on cryptoasset tax reporting rules

The OECD has released a consultation setting out plans to set up a new global tax transparency framework to provide for the reporting and exchange of information relating to cryptoassets

23 Mar 2022

Image for hentons acquires clayton stark co

Business | Hentons acquires Clayton Stark & Co

Accountancy firm Hentons has acquired London-based accountants Clayton Stark & Co for an undisclosed sum

23 Mar 2022

Accountancy Firms

Image for spring statement public fraud authority announced

Tax | Spring Statement: Public Fraud Authority announced

To combat the UK's ‘fraud epidemic’ the Spring Statement announced that the government will create a new public body called the Public Sector Fraud Authority

23 Mar 2022

Accountancy Firms

Image for spring statement zero rate vat solar panels

Tax | Spring Statement: zero rate VAT for solar panels

Addressing the energy crisis, the Chancellor set out plans to remove VAT from investment in solar panels and heat pumps, but stopped short of offering grants

23 Mar 2022

Image for spring statement fuel duty cut 5p litre

Tax | Spring Statement: fuel duty cut by 5p per litre

As petrol and diesel prices rise at unprecedented rates, the Chancellor cut fuel duty by 5p per litre across the UK from 6pm tonight

23 Mar 2022

Image for salary sacrifice does it make tax sense

Tax | Salary sacrifice: does it make tax sense?

As national insurance rates rise, salary sacrifice and optional remuneration arrangements provide some valuable tax breaks, explains Kate Upcraft, director, Kate Upcraft Consultancy Ltd

23 Mar 2022

Croner Intelligence workflows guide users from query to finished letter, Hannah Fry swaps Traitors castle for ICAEW conference, and Grant Thornton is on track to hit 160 partner hire target early

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