Business &amp; Accountancy Daily

Image for people news rsm crowe xeinadin knill james grunberg

Business | People in the news: RSM, Crowe, Xeinadin, Knill James, Grunberg

In this week’s accountancy career moves, partner promotions at RSM, Crowe, Xeinadin, JS, Knill James, Grunberg & Co, and Farrer & Co

4 Nov 2022

Image for apiary capital invests ps10m shaw gibbs

Business | Apiary Capital invests £10m in Shaw Gibbs

Private equity firm Apiary Capital has acquired a significant equity stake in accountancy firm Shaw Gibbs

4 Nov 2022

Image for scaffolder banned ps210k tax fraud

Tax | Scaffolder banned for £210k tax fraud

A scaffolder from Berkshire has been disqualified for six years after failing to pay close to £210,000 in tax

4 Nov 2022

Tax

Tax Compliance

Called to Account

Image for funeral plan provider olfp enters administration

Business | Funeral plan provider OLFP enters administration

One Life Funeral Planning Ltd (OLFP) has gone into administration after failing to meet Financial Conduct Authority (FCA) registration requirements

4 Nov 2022

Restructuring & Insolvency

Image for alexander calder signs partnership brearley co accountants

Business | Alexander Calder signs partnership with Brearley & Co Accountants

Financial advisers, Alexander Calder Financial, has partnered with Yorkshire based accountancy firm, Brearley & Co, expanding their services and client base

4 Nov 2022

Image for auditors call government prioritise audit reform

| Auditors call on government to prioritise audit reform

Internal auditors are calling on the government to speed up plans for audit reform to address failures of corporate governance

4 Nov 2022

Corporate Governance

Image for frc drops probe quindell auditor

| FRC drops probe into Quindell auditor

The Financial Reporting Council (FRC) has closed an investigation under the accountancy scheme into a KPMG auditor in relation to the preparation of the financial statements of Quindell plc

4 Nov 2022

Corporate Governance

3 Nov 2022

Image for llp partner exits what you need know

Business | LLP partner exits: what you need to know

When a partner decides to leave an accountancy firm, there are a number of potential pitfalls to consider, explains Andreas White, partner in the employment team at Kingsley Napley LLP

3 Nov 2022

Image for deloitte shakes uk executive team

Business | Deloitte shakes up UK executive team

Big four giant Deloitte has made major changes to the executive team as five members step down

3 Nov 2022

Business | Interest rate hiked to 3%

The Bank of England has increased the base interest rate by 0.75% to 3%, the largest hike in over 30 years

3 Nov 2022

Image for midlands directors banned ps80k covid fraud

Business | Midlands directors banned for £80k covid fraud

Two East Midlands bosses have been banned for falsely claiming more than £80,000 in bounce back loans

3 Nov 2022

Restructuring & Insolvency

Called to Account

Image for landlords not ready report property income under mtd

Tax | Landlords not ready to report property income under MTD

More than half of landlords are not aware of the new rules under Making Tax Digital for Income Tax which will require quarterly reporting on property income

3 Nov 2022

Tax

Making Tax Digital

Property Tax

Image for glencore fined ps280m over bribery charges

Business | Glencore fined £280m over bribery charges

Mining giant Glencore Energy has been fined £280m after a Serious Fraud Office (SFO) investigation revealed it paid $29m (£27m) in bribes to gain preferential access to oil in Africa

3 Nov 2022

Called to Account

Image for dsw capital revenue hits ps98m first half

Business | DSW Capital revenue hits £9.8m in first half

AIM listed accountancy firm DSW Capital has reported half year network revenue of £9.8m, up a third on last year

3 Nov 2022

Image for frc criticises lack transparency governance reporting

Business | FRC criticises lack of transparency in governance reporting

The Financial Reporting Council (FRC) has found that over half of FTSE 350 companies are still providing limited insight into their corporate governance and reporting

3 Nov 2022

Image for we paye umbrella flagged tax avoidance schemes

Tax | We PAYE Umbrella flagged for tax avoidance schemes

HMRC has called out recruitment agency We PAYE Umbrella for using tax avoidance schemes to pay staff

3 Nov 2022

Finance | IAS 1 amended to improve debt reporting

The International Accounting Standards Board (IASB) has issued amendments to IAS 1 Presentation of Financial Statements to improve reporting of long-term debt with covenants

3 Nov 2022

Finance

Accounting Standards

IFRS

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Business | SMEs call for longer term clarity on energy support

Inflation and rising energy prices are the main concerns for SMEs as they call on the Chancellor to prioritise tackling inflation at the Autumn Statement

3 Nov 2022