Business &amp; Accountancy Daily

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VAT

Image for pwc global revenue exceeds 50bn

Business | PwC Global revenue exceeds $50bn

PwC fee income has hit $50bn for the first time as the Big Four global network reported an 11% rise in annual revenues

6 Oct 2022

Careers

Leadership & Management

Image for recession risk threatens business survival

Business | Recession risk threatens business survival

As the UK faces continued economic turmoil, one in five (22%) businesses are not confident they can survive a forthcoming recession, research by Evelyn Partners found

6 Oct 2022

Image for bankrupt earns ps58k illegal directorship

Business | Bankrupt earns £58k from illegal directorship

A bankrupt banned from acting as a company director set up a new business and earned tens of thousands of pounds while creditors were left unpaid

6 Oct 2022

Called to Account

Image for stealth tax threshold freeze cuts income ps1250

Tax | Stealth tax threshold freeze cuts income by £1,250

For every £1 given to households through headline cuts to taxes, £2 is being taken away in threshold freezes, warns the Institute for Fiscal Studies (IFS)

6 Oct 2022

Employment Tax

Politics

Finance | Do SMEs need to report on ESG?

Donna Stofberg ACA considers the current requirements for environmental, social and governance (ESG) reporting in the UK and how small companies and micro-entities can play their part in working to achieve net zero goals

5 Oct 2022

Finance

Accounting Standards

Financial Reporting

Image for prag updates derivative guidance

Finance | PRAG updates derivative guidance

The Pensions Research Accountants Group (PRAG) has published updated guidance to help practitioners of pension scheme accounts deal with the wide range of derivative contracts which feature in manager portfolios

5 Oct 2022

Finance

Accounting Standards

Financial Reporting

Image for former f1 boss face ps400m fraud charge next year

Tax | Former F1 boss to face £400m fraud charge next year

The former head of F1, Bernie Ecclestone, will face trial in October 2023 over an alleged failure to declare £400m in overseas assets to the taxman

5 Oct 2022

Business | Deloitte offers flexibility on staff pension policies

Deloitte has offered its 22,000 UK employees greater flexibility and choice on pension contributions and improvements to family policies

5 Oct 2022

Tax | Sign up to the Pillar Two rules webinar

Croner-i is running a webinar focusing on OECD's Pillar Two (GloBE) rules which are due in January 2024

5 Oct 2022

Business | Global CEOs predict recession

More than eight out of ten Global and UK CEOs anticipate a recession over the next 12 months, according to a new KPMG report

5 Oct 2022

Image for shell ceo calls tax energy firms

Tax | Shell CEO calls to tax energy firms

The chief executive of Shell, Ben van Beurden, has called on the government to tax oil and gas companies to protect struggling households from soaring energy costs

5 Oct 2022

Business Tax

Image for clampdown money laundering gathers pace

Business | Clampdown on money laundering gathers pace

Tougher compliance checks and unexplained wealth orders mean that the authorities have more powers to crack down on economic crime and money laundering. Criminal barrister Mark Cotter KC explains

4 Oct 2022

Image for chancellor release debt plan earlier planned

Tax | Chancellor to release debt plan earlier than planned

Chancellor Kwasi Kwarteng is expected to bring forward his debt-cutting plan to later this month, which details how the government intends to pay for its multi-billion-pound tax cut package

4 Oct 2022

Budget

Politics

Image for qa employee ownership trust funding

Tax | Q&A: employee ownership trust funding

In this week’s Q&A, Croner-i tax consultant David Woolley examines the tax implications of an employee ownership trust (EOT) in funding the purchases of company shares

4 Oct 2022

Business Tax

Tax Compliance

Image for payroll rules repealed how prepare

Tax | Off payroll rules repealed - how to prepare

Off-payroll repeal will not lead to a tax avoidance free-for-all. Dave Chaplin, CEO of IR35 Shield, explains

4 Oct 2022

Employment Tax

Personal Tax

Image for accountants tackle high stress amid rising cost living

Business | Accountants tackle high stress amid rising cost of living

Research by caba has revealed that accountants feel anxious, stressed and worried about their future as a result of the cost-of-living crisis, with almost half struggling financially

4 Oct 2022

Business | KPMG fined $2m by Dubai regulator

Dubai’s financial regulator, DFSA, has fined KPMG and its former audit principal $2m (£1.7m) over failings in its audit of collapsed private equity firm Abraaj Group

4 Oct 2022

Called to Account

Image for ftse 350 businesses lack gender diversity

Business | FTSE 350 businesses lack gender diversity

Having more women in executive roles at the UK’s FTSE 350 companies could boost the economy by £58bn, according to a new report by The Pipeline

4 Oct 2022

Leadership & Management

Tax | Filing deadlines: October - December 2022

The latest tax filing deadlines from corporation tax return due for accounting periods ended 31 December 2021 where not payable by instalments

4 Oct 2022