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Image for how charities can strengthen fraud procedures

Finance | How charities can strengthen fraud procedures

The cost of living crisis should be a prompt for charities to strengthen fraud procedures, explains Arlene Clapham, risk and assurance manager at Sayer Vincent

24 Oct 2022

Business

Charities

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Tax | Rishi Sunak to become next prime minister

Rishi Sunak will become Britain’s next prime minister after his only rival, Penny Mordaunt, pulled out of the Tory leadership contest

24 Oct 2022

Tax

Politics

Image for 100 days left file self assessment returns

Tax | 100 days left to file self-assessment returns

HMRC is reminding taxpayers that there are just 100 days left to complete their self-assessment tax returns, ahead of the deadline on 31 January 2023

24 Oct 2022

Business | Rising interest rates to cost businesses extra £13.6bn

Interest rates are expected to increase over the next nine months, costing businesses an extra £13.6bn a year in loan interest payments, according to ACP Altenburg Advisory

24 Oct 2022

Business

Companies

Accountancy Firms

Image for consumer confidence falls historic low

Business | Consumer confidence falls to historic low

UK consumer confidence has fallen to a record low as many reduce their spending in line with the current economic crisis

24 Oct 2022

Business

Companies

Accountancy Firms

Image for uk luxury car ownership jumps 92

Business | UK luxury car ownership jumps 9.2%

UK luxury car ownership has increased 9.2% in the past year, coinciding with a bounce back in the economy following the pandemic, with over 240,000 vehicles sold

24 Oct 2022

Business

Companies

Accountancy Firms

Image for frc releases 2023 suite taxonomies accountants

Finance | FRC releases 2023 suite of taxonomies for accountants

The Financial Reporting Council (FRC) has published the 2023 suite of FRC Taxonomies with changes affecting all accounting standards

24 Oct 2022

Business | Property boss struck off over £130k bounce back loan

A Scottish-based property director has been disqualified for 12 years after falsely claiming £135,000 in bounce back loans to fund a house purchase

21 Oct 2022

Business

Accountancy Firms

Restructuring & Insolvency

Image for tax take hits ps3689bn driven income tax

Tax | Tax take hits £368.9bn driven by income tax

Total tax receipts for the first six months of the year are up by £35bn to £368.9bn, with income tax and National Insurance spiking by 15%

21 Oct 2022

Tax | MTD extension will raise costs for SMEs, says ABAB

Making Tax Digital for Income Tax will raise costs for business and will not reduce the time spent completing tax returns

21 Oct 2022

Finance | Audit reform plans must not be shelved

Audit reform needs to go ahead as a priority to improve the quality of audit, said speakers at ICAEW Manchester and Alliance Manchester Business School event

21 Oct 2022

Auditing

Corporate Governance

Image for people news evelyn partners ey mazars deloitte rsm

Business | People in the news: Evelyn Partners, EY, Mazars, Deloitte, RSM

In this week’s accountancy career moves, partner promotions at Evelyn Partners, Mazars, Deloitte, EY and KPMG, plus Rowleys, Rickard Luckin, Duncan & Toplis

21 Oct 2022

Business

Accountancy Firms

Careers

Leadership & Management

Image for hurst accountants raise ps13k manchester hospice

Business | Hurst accountants raise £13k for Manchester hospice

Staff at accountancy firm Hurst have raised more than £13,000 for Willow Woods Hospice, based in Greater Manchester

21 Oct 2022

Business

Accountancy Firms

Charities

Image for uk ranks 26th global tax rankings

Tax | UK ranks 26th in global tax rankings

The UK ranked 26th place in the International Tax Competitiveness Index (ITCI) rankings, although it had one of the lowest corporation tax rates

21 Oct 2022

Business | Grant Thornton recruits over 190 school leavers

Grant Thornton UK has hired a record number of school leavers onto the firm’s apprenticeship programme, with 193 recruits

21 Oct 2022

Business

Accountancy Firms

Careers

Image for lack professional scepticism leads audit failings

Finance | Lack of professional scepticism leads to audit failings

Following a series of multimillion pound fines for audit misconduct, the audit regulator has ramped up its guidance on the use of judgment and professional scepticism, explains Paul Brehony, partner at Signature Litigation LLP

20 Oct 2022

Auditing

Corporate Governance

Image for nhs trust loses ps270k appeal over vat parking

Tax | NHS Trust loses £270k appeal over VAT on parking

An NHS Foundation Trust has lost an appeal against a First Tier Tribunal (FTT) decision over an exemption from VAT payments for car parking charges

20 Oct 2022

Tax | Liz Truss resigns as prime minister

Prime minister Liz Truss has resigned after 44 days in the job, with a leadership election to follow

20 Oct 2022

Tax

Politics

Image for digitising more tax will be part cost cutting hmrc

Tax | Digitising more tax will be part of cost cutting at HMRC

HMRC will focus on digitalising more of the tax system and speed up rollout of personal tax accounts as part of efforts to reduce spending and improve efficiencies

20 Oct 2022

Tax

HMRC

Politics