Steve Collings FCCA looks at transitioning to FRS 102, with a focus on the process, transitional adjustments, opening balance sheets, plus practical examples
With just over 18 months to go until rollout, one in five UK sole traders have still not heard of Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA), despite the government announcing it seven years ago
Midlands-based accountancy and advisory firm PKF Smith Cooper have agreed terms to occupy 12,500 square feet of grade A office space on Pride Park in Derby
Begbies Traynor Group plc, the business recovery, financial advisory and property services consultancy, has completed the acquisition of Budworth Hardcastle
HMRC has recovered nearly £4m in tax from advisers wrongly claiming enterprise investment scheme tax relief, according to a Freedom of Information request by RSM
In this week’s Q&A, Croner-i’s Alexander McCarthy, considers whether enterprise investment scheme (EIS) tax relief can be used for a business which has only been trading for less than a year
The US Securities and Exchange Commission (SEC) has charged EY of cheating at audit exams required to obtain and maintain Certified Public Accountant (CPA) licenses
The Scottish tax system needs a major overhaul, rather than simply tinkering with the rates of current taxes, including a potential land tax to replace stamp duty
Sixteen accountancy firms have signed up as partners of social mobility initiative Rise, the group working to attract more diverse recruits into the profession
Nearly two thirds (63%) of senior decision makers in the UK feel their organisation is not ready to meet their environmental, social, and governance (ESG) goals and regulatory reporting mandates
HMRC is taking tough action on research and development (R&D) tax relief claims, sending letters to thousands of taxpayers accusing them of fraud. Neil Tipping, VIP senior tax consultant at Croner-i, says this is excessive use of powers
PwC is making its most significant increases to staff pay for 10 years, in a move that recognises rising living costs and the competitive recruitment market
The Financial Conduct Authority (FCA) is investigating the tax status of the CEO of FTSE listed global technology company Wise after he appeared on HMRC’s deliberate defaulters list
As the September deadline to register trusts approaches, it is important to ensure that all UK express trusts and some overseas trusts are compliant, warns Axiom