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Image for top tips managing charity finances

Finance | Top tips on managing charity finances

Fleur Holden, partner at Sayer Vincent, considers key issues to ensure strong financial management from cashflow to funding, budgeting and project profitability

13 Jun 2022

Business

Charities

Image for rsm moves hybrid working office birmingham

Business | RSM moves to hybrid working office in Birmingham

RSM Birmingham is relocating to 103 Colmore Row, Birmingham’s flagship office building in the city centre, to support hybrid working approach

13 Jun 2022

Business

Accountancy Firms

Careers

Leadership & Management

Image for plans sugar and salt tax rejected

Tax | Plans for sugar and salt tax rejected

The government has ruled out proposals to tax sugar and salt in the food strategy for the UK

13 Jun 2022

Tax

Business Tax

Image for companies convicted criminal offences face tougher action

Business | Companies convicted of criminal offences face tougher action

The Law Commission has published its options for the government for how it can improve the law to ensure that corporations are effectively held to account for committing serious crimes including tax evasion

13 Jun 2022

Tax | Student loan interest rates frozen

The government has confirmed that student loan interest rates will remain at 7.3% from September 2022

13 Jun 2022

Tax

Personal Tax

Image for icaew hands out ps21m fines sub standard accountancy work

Business | ICAEW hands out £2.1m in fines for sub-standard accountancy work

The level of complaints against ICAEW accountants fell slightly during 2020 while there were over £2.1m of fines issued to chartered accountants and firms

13 Jun 2022

Business

Accountancy Firms

Image for most wanted hmrc tax fugitive jailed over ps20m vat fraud

Business | Most wanted HMRC tax fugitive jailed over £20m VAT fraud

One of the UK’s most wanted tax fugitives has been jailed for eight years after spending nine years on the run for £20m VAT fraud

13 Jun 2022

Business

Called to Account

Image for charity commission plans overhaul annual return

Finance | Charity Commission plans overhaul of annual return

The Charity Commission has launched a consultation on plans to collect additional information in the annual return to reduce risk and conflicts of interest

10 Jun 2022

Business

Charities

Image for national insurance threshold change 6 july

Tax | National Insurance threshold change from 6 July

HMRC has updated the guidance on changes to the National Insurance threshold due to come into effect from July

10 Jun 2022

Tax | Treasury raises £33m from early Lifetime ISA withdrawals

A record 77,500 Lifetime ISA (LISA) savers were charged over £33m worth of early withdrawal charges in 2021/2022, HMRC data shows

10 Jun 2022

Tax

Personal Tax

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Business | People in the news: Johnston Carmichael, Azets, Grant Thornton, ICAEW

In this week’s accountancy career moves, partner promotions at Tilney Smith & Williamson, BDO, Moorfields Advisory and Johnston Carmichael, new hires at Alvarez & Marsal Taxand and Grant Thornton, plus new president for ICAEW

10 Jun 2022

Business

Accountancy Firms

Careers

Leadership & Management

Image for third deloitte partner promotions are women

Business | Third of Deloitte partner promotions are women

Deloitte has promoted 124 people to partner, a 57% increase from 2021 with nearly a third being women

10 Jun 2022

Business

Accountancy Firms

Careers

Leadership & Management

Image for ifrs 17 will hit public sector risk adjustments

Finance | IFRS 17 will hit public sector risk adjustments

The Government Actuary’s Department (GAD) is working with government departments and public sector organisations to clarify the new insurance reporting requirements

10 Jun 2022

Finance

Accounting Standards

IFRS

Image for aat looks members stand council

Business | AAT looks for members to stand for Council

The Association of Accounting Technicians (AAT) is calling on its members to stand for election to the AAT Council to shape the future of the professional body

10 Jun 2022

Business

Accountancy Firms

Leadership & Management

Image for directors banned over ps89m hotel room investment scheme

Business | Directors banned over £8.9m hotel room investment scheme

A total of 25 years in bans has been slapped on the directors behind a £8.9m hotel room investment scheme

10 Jun 2022

Business

Called to Account

Image for cyber scammers target high net worth individuals

Business | Cyber scammers target high net worth individuals

More than half (53%) of high net worth individuals (HNWIs) say they have been the victim of a financial scam, a 10% rise in just six months

10 Jun 2022

Tax | Making Tax Digital for Corporation Tax: reporting pitfalls

The move towards digitalisation of corporation tax reporting will affect businesses from 2026, creating a larger reporting burden for businesses, explains Russell Gammon, chief solutions officer at Tax Systems

9 Jun 2022

Business | Natasha Frangos named as haysmacintyre managing partner

Top 30 accountancy firm haysmacintyre has appointed Natasha Frangos as managing partner, effective from 1 July 2022

9 Jun 2022

Business

Accountancy Firms

Leadership & Management

Image for business understanding mtd extension worryingly low

Tax | Business understanding of MTD extension worryingly low

Half of businesses did not understand their reporting obligations under the extension of Making Tax Digital for VAT, even in January of this year

9 Jun 2022

Tax

Making Tax Digital

Image for plans course property ownership register

Business | Plans on course for property ownership register

Companies House will soon be writing to all overseas entities which need to report property ownership under the Economic Crime (Transparency and Enforcement) Act

9 Jun 2022

Business

Companies

Accountancy Firms

Image for reality tv stars convicted 30m fraud and tax evasion

Business | Reality TV stars convicted of $30m fraud and tax evasion

Following a three-week trial, a US jury found reality TV stars Todd and Julie Chrisley guilty of conspiring to defraud community banks out of more than $30m (£24m) of fraudulent loans

9 Jun 2022

Business

Called to Account

Finance | PAC questions lateness of public sector audits

MPs on the Public Accounts Committee have questioned Treasury officials about the lack of public sector auditors and failure to address late audits which has delayed the whole of government accounts

9 Jun 2022

Auditing

Corporate Governance

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Latest news

Finance | Top tips on managing charity finances

Business | RSM moves to hybrid working office in Birmingham

Tax | Plans for sugar and salt tax rejected

Business | Companies convicted of criminal offences face tougher action

Tax | Student loan interest rates frozen

Business | ICAEW hands out £2.1m in fines for sub-standard accountancy work

Business | Most wanted HMRC tax fugitive jailed over £20m VAT fraud

Finance | Charity Commission plans overhaul of annual return

Tax | National Insurance threshold change from 6 July

Tax | Treasury raises £33m from early Lifetime ISA withdrawals

Business | People in the news: Johnston Carmichael, Azets, Grant Thornton, ICAEW

Business | Third of Deloitte partner promotions are women

Finance | IFRS 17 will hit public sector risk adjustments

Business | AAT looks for members to stand for Council

Business | Directors banned over £8.9m hotel room investment scheme

Business | Cyber scammers target high net worth individuals

Tax | Making Tax Digital for Corporation Tax: reporting pitfalls

Business | Natasha Frangos named as haysmacintyre managing partner

Tax | Business understanding of MTD extension worryingly low

Business | Plans on course for property ownership register

Business | Reality TV stars convicted of $30m fraud and tax evasion

Finance | PAC questions lateness of public sector audits