Business &amp; Accountancy Daily

Leadership & Management

Image for premier foods swaps auditor kpmg pwc

Finance | Premier Foods swaps auditor KPMG for PwC

FTSE 100 listed Premier Foods has appointed PwC as auditor after a competitive tender which sees the £1m audit contract move between Big Four firms

6 Sep 2022

Auditing

Corporate Governance

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Business | Audit regulator could relocate to Birmingham

Birmingham is set to house the new audit regulator that will replace the Financial Reporting Council (FRC) with half of staff having to relocate

6 Sep 2022

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Business | Compulsory liquidation costs to rise  

The up-front petition deposit fee paid by those initiating creditor bankruptcy and compulsory liquidation proceedings will increase substantially from November

6 Sep 2022

Restructuring & Insolvency

Image for uk service sector growth hits 18 month low

Business | UK service sector growth hits 18-month low

Growth in business activity across services and manufacturing eased to its slowest rate in the past 17 months during July, though some firms remain optimistic

6 Sep 2022

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Tax | Big Four criticised over approach to global tax

Global tax authorities have a negative perception of the transparency of multinationals when it comes to tax as well as low levels of trust in the Big Four firms

6 Sep 2022

International Tax

Tax Compliance

Image for ps11bn bounce back loans flagged fraud

Business | £1.1bn bounce back loans flagged as fraud

Around £1.1bn of small business loans made under the Bounce Back Loan Scheme (BBLS) have been flagged as suspected fraud, according to banks

6 Sep 2022

Law & Guidance

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Tax | Claiming tax reliefs for electric cars

First year allowances currently provide an incentive for businesses to replace existing cars with electric versions. Matt Brown, associate director at RSM, explains the tax breaks

5 Sep 2022

Business Tax

Tax Planning

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Tax | IR35 review could simplify guidance on compliance

HMRC plans to review IR35 guidance and provide a cost benefit analysis of the impact of the rules, which assesses whether workers should be classified as employees and taxed at source

5 Sep 2022

Tax | Liz Truss to be next UK prime minister

Following weeks of hustings and debate, the members of the Conservative party have elected Liz Truss as their party leader and new prime minister

5 Sep 2022

Politics

Image for football referees ps584k tax case goes appeal

Tax | Football referees £584k tax case goes to appeal

The Supreme Court has granted the Professional Game Match Officials Limited (PGMOL) leave to appeal over a long-running dispute with HMRC over the tax status of referees

5 Sep 2022

Tax | HMRC Edinburgh regional centre formally opens

Two years after first opening its doors to HMRC staff, the tax authority's Edinburgh Regional Centre and UK government hub has been formally opened

5 Sep 2022

HMRC

Image for takeaway owner spared jail ps50k vat fraud

Business | Takeaway owner spared jail for £50k VAT fraud

A takeaway owner based in Knaresborough has been spared jail after admitting to a £50,000 VAT fraud, which spanned more than three years

5 Sep 2022

Called to Account

Business | BDO hires 600 trainees

BDO has taken on 600 trainees this week, including 400 in the audit practice, with half based outside of London

5 Sep 2022

Image for zedra acquires bnp paribas jersey trust firm

Business | Zedra acquires BNP Paribas Jersey Trust firm

Wealth management company Zedra has acquired BNP Paribas Jersey Trust Corporation following a series of global acquisitions made in the last 12 months

5 Sep 2022

Leadership & Management

Image for pension tax breaks hit ps229bn

Tax | Pension tax breaks hit £22.9bn

Tax breaks granted to people in the UK on their savings and investments hit a record high of £27.1bn in the last year, with pensions dominating

5 Sep 2022

Personal Tax

Pensions

Image for payroll errors cost businesses ps150k year

Tax | Payroll errors cost businesses £150k a year

As National Payroll Week begins, research shows that nearly three quarters (72%) of organisations still use outdated manual processes to do their payroll

5 Sep 2022

Employment Tax

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Business | Accountants: the art of better client communication

Reviewing your communications policy and skills to ensure they build, and support strong client relationships is advisable for all accountants, says John Edwards, CEO of the Institute of Financial Accountants

2 Sep 2022

Leadership & Management

Business | NatWest to refund £600k to SMEs

The Competition and Markets Authority (CMA) has issued NatWest to refund over £600,000 to hundreds of business customers after it broke banking rules

2 Sep 2022

Business | Inflation set to hit 14%

The British Chambers of Commerce (BCC) has said the UK will enter recession before the end of this year with inflation spiking to 14%

2 Sep 2022

Business | SMEs struggle to hire

Around eight in ten small businesses are finding it difficult to retain staff, according to the Federation of Small Businesses ‘Scaling up Skills’ report

2 Sep 2022

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Tax | Bidding opens for first Welsh freeport

The UK and Welsh governments have set out their shared ambitions for the freeport programme in Wales as bidding opens for a potential site

2 Sep 2022

Business | People in the news: BDO, KPMG, Evelyn Partners, haysmacintyre

In this week’s accountancy career moves, partner appointments at BDO, Evelyn Partners and KPMG, alongside new recruitment at haysmacintyre

2 Sep 2022

Business | UKEB names first permanent chair

Pauline Wallace has been named as the first permanent Chairman of the UK Accounting Standards Endorsement Board (UKEB), officially commencing on 11 September 2022

2 Sep 2022