Business &amp; Accountancy Daily

Image for companies shut down after ps2m property investment fraud

Business | Companies shut down after £2m property investment fraud

A group of companies have been wound up by the High Court after taking over £2m from investors as part of a systematic scam

27 Oct 2022

Business | Salisbury’s snaps up Fowler and Hare

Anglesey accountancy firm Salisbury’s has acquired Fowler and Hare retaining staff and expanding its Welsh presence

27 Oct 2022

Careers

Leadership & Management

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Business | FRC criticises quality of cash flow reporting

Companies need to improve the quality of disclosure reporting and ensure the accuracy of cash flow statements in their annual accounts

27 Oct 2022

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Tax | CPD module: tax and property finance

In this month's Accountancy Daily CPD module, we examine tax and real estate finance, including tax reliefs, financing and holiday lettings for individuals and partnerships

27 Oct 2022

Finance | Adnams hires MacIntyre Hudson as auditor

Listed beer brewer Adnams plc has changed auditor with the appointment of MHA MacIntyre Hudson

27 Oct 2022

Auditing

Corporate Governance

Image for scottish corporate insolvencies jump 28

Business | Scottish corporate insolvencies jump 28%

The number of Scottish companies entering insolvency increased during the third quarter of 2022

27 Oct 2022

Restructuring & Insolvency

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Tax | Online platforms will have to disclose seller details

Plans to tighten up the rules on sellers of goods on online platforms will help HMRC to crack down on tax evaders and share information with other tax authorities

27 Oct 2022

Business Tax

Consultations

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Tax | Treasury Committee seeking chair to replace Mel Stride

MPs have been asked to vote for a new chair of the influential Treasury Committee following Mel Stride’s appointment to the Cabinet

26 Oct 2022

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Tax | Couple lose £119k stamp duty appeal

A couple has lost a First Tier Tribunal (FTT) appeal against closure notices issued by HMRC over disputed stamp duty land tax (SDLT) payments

26 Oct 2022

Tax | Autumn Statement set for 17 November

The Prime Minister and the Chancellor have agreed that the fiscal event will now take place on 17 November

26 Oct 2022

Budget

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Business | Financial manager jailed over £1.3m fraud

A financial manager based in Wales has been sentenced to five years after stealing over £1.3m from a small family business where she worked

26 Oct 2022

Called to Account

Image for credit suisse pay eu238m settle french tax probe

Tax | Credit Suisse to pay €238m to settle French tax probe

Credit Suisse has been fined €238m (£206m) over allegations of tax evasion and money laundering by bank customers in France

26 Oct 2022

Personal Tax

Tax Compliance

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Finance | Minor amendments to IFRS 9 approved

The International Accounting Standards Board (IASB) has signed off narrow-scope amendments to IFRS 9 Financial Instruments

26 Oct 2022

Finance

Financial Reporting

IFRS

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Business | SKS focuses growth with £48m PE boost

Accountancy firm SKS Business Services has secured £48m in funding for further acquisitions from private equity firm

26 Oct 2022

Careers

Leadership & Management

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Finance | ICAEW says funding change crucial for ARGA

ICAEW has called for stable and independent funding to ensure that the Auditing, Reporting and Governance Authority (ARGA) can deliver as a robust audit regulator

26 Oct 2022

Auditing

Accounting Consultations

Image for qa claiming tax under double tax treaty arrangements

Tax | Q&A: claiming tax under double tax treaty arrangements

In this week’s Q&A, John Riseborough, tax adviser at Croner-i, explains how to reclaim tax when a deduction has been made by an overseas tax authority

25 Oct 2022

International Tax

Tax Compliance

Image for catering bosses banned over ps20k bounce back loan

Business | Catering bosses banned over £20k bounce back loan

An Essex-based duo have been disqualified for 16 years after falsely claiming £20,000 in bounce-back loans after exaggerating its turnover by more than seven times the actual amount

25 Oct 2022

Restructuring & Insolvency

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Business | RSM recruits record number of 700 trainees

RSM UK has strengthened its future growth with a record high of 723 recruits across the UK as the firm continues to invest in its long-term growth plans

25 Oct 2022

Careers

Tax | Jeremy Hunt to remain as Chancellor

Jeremy Hunt will remain in post as Chancellor, with Grant Shapps at business

25 Oct 2022

Budget

Image for ey denies negligence over nmc health audit

Finance | EY denies negligence over NMC Health audit

Big Four firm EY has argued that it was ‘not responsible’ for the alleged failures of its audit over healthcare company NMC Health

25 Oct 2022

Auditing

Corporate Governance

Restructuring & Insolvency

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Business | FCA proposes investment rules on greenwashing

In a bid to clamp down on greenwashing, the FCA has proposed a package of measures to protect consumers and improve trust in sustainable investment products

25 Oct 2022

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Business | SKS unveils £48m funding for future growth

SKS Business Services, one of the UK’s fastest growing mid-sized accountancy and tax firms, has just received a £48m financing ‘war-chest’ for future acquisitions

25 Oct 2022