Business &amp; Accountancy Daily

Restructuring & Insolvency

Image for autumn statement 2022 investment zones will be refocused

Business | Autumn Statement 2022: investment zones will be refocused

In the Autumn Statement, Chancellor Jeremy Hunt said that the government will ‘refocus’ the investment zones programme

22 Nov 2022

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Business | Tenzing backs Gravita accountancy firm merger

Private equity firm Tenzing has put funding into a accountancy firm Gravita following merger of three firms focusing on small to medium sized businesses

22 Nov 2022

Careers

Image for tax take soars ps415bn boost revenue

Tax | Tax take soars with £41.5bn boost to revenue

Total tax receipts for April 2022 to October 2022 were £432.8bn, which was £41.5 billion higher than the same period a year earlier

22 Nov 2022

Personal Tax

HMRC

Image for ciot launches tax technology diploma

Tax | CIOT launches tax technology diploma

The Chartered Institute of Taxation (CIOT) has unveiled its first-ever tax technology diploma, which provides tax professionals with the expertise and knowledge required to work in tax technology

22 Nov 2022

Making Tax Digital

Image for deloitte fined ps330k over audit failures

| Deloitte fined £330k over audit failures

The audit regulator has fined Big Four firm Deloitte £330,000 over audit failings related to an unnamed company based in a Crown dependency

22 Nov 2022

Corporate Governance

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Tax | Sign up for our Autumn Statement webinar

Croner-i will be running a series of live webinars on the Autumn Statement focusing on the key tax changes on Monday 21 and Tuesday 22 November

21 Nov 2022

Budget

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Tax | HMRC launches income record viewer for accountants

HMRC has launched an online service for agents to give them access to the tax information and services available to their clients

21 Nov 2022

Tax | Key tax measures: when the tax changes come into effect

In our handy guide to the key tax measures announced in the Autumn Statement 2022 and earlier Budgets, Croner-i tax expert Sarah Arnold sets out the effective dates and relevant legislation

21 Nov 2022

Business | MHA MacIntyre Hudson gives second annual pay rise

Accountancy firm MHA MacIntyre Hudson will give all staff a 3% pay rise backdated to 1 November, as well as a cash bonus due to cost of living crisis

21 Nov 2022

Careers

Image for retailers banned after abusing ps100k covid loans

Business | Retailers banned after abusing £100k covid loans

Directors of Southsea online clothing business and Lewisham convenience store fraudulently claimed £100,000 in bounce back loans

21 Nov 2022

Called to Account

Image for esg not integrated financial reporting warns acca

Finance | ESG not integrated into financial reporting, warns ACCA

Finance teams need to focus on more use of real-time analysis and non-financial data to navigate volatility and transition to a more sustainable future

21 Nov 2022

Finance

Financial Reporting

Image for restaurant insolvencies increase almost 60

Business | Restaurant insolvencies increase almost 60%

Restaurant insolvencies have increased by 59% over the past year, jumping from 984 in 2020/21 to 1,567 in 2021/22

21 Nov 2022

Restructuring & Insolvency

Image for hmrc change rti reporting salary advances

Tax | HMRC to change RTI reporting of salary advances

HMRC has confirmed that it plans to amend the reporting requirements so that salary advances can be reported on or before the employee’s contractual pay day

21 Nov 2022

Employment Tax

HMRC

Image for buy let landlords and incorporation

Tax | Buy to let landlords and incorporation

Many buy to let landlords could be considering incorporating their property portfolios to offset tax liability, but there are capital gains tax implications, warns Kate Aitchison, tax director at RSM

18 Nov 2022

Property Tax

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Business | People in the news: Cowgills, Azets, Evelyn Partners, EY Private

In this week’s accountancy career moves, partner promotions at Cowgills, Azets, Evelyn Partners, EY Private and Albert Goodman, plus promotions at Alvarez & Marsal and Cooper Parry

18 Nov 2022

Careers

Image for qa how manage staff during world cup

Business | Q&A: how to manage staff during the World Cup

In this week’s Croner-i Q&A, we offer advice about how to manage staff during the World Cup, especially when matches happen during working hours

18 Nov 2022

Image for audit firms given ps333m fines over misconduct

| Audit firms given £33.3m fines over misconduct

The value of fines issued by the Financial Reporting Council (FRC) against auditors rose to a record high of £33.3m in the last year

18 Nov 2022

Corporate Governance

Image for autumn statement 2022 stamp duty cuts end 2025

Tax | Autumn Statement 2022: stamp duty cuts to end in 2025

The Chancellor will reverse the reduction in stamp duty land tax (SDLT) on property purchases from 2025

18 Nov 2022

Property Tax

Budget

Image for autumn statement 2022 ps136bn business rate support

Tax | Autumn Statement 2022: £13.6bn business rate support

The Autumn Statement set out a package of targeted support to help with business rates costs worth £13.6bn over the next five years

18 Nov 2022

Business Tax

Budget

Image for autumn statement 2022 ps79m funding hmrc tackle fraud

Tax | Autumn Statement 2022: £79m funding for HMRC to tackle fraud

HMRC is getting another £79m in funding to undertake tax investigations with two target areas of tax fraud and non-compliance by high net worth individuals

18 Nov 2022

HMRC

Politics

Image for call centre boss banned ps1m tax fraud

Business | Call centre boss banned for £1m tax fraud

A call centre boss has been banned for four years after failing to report £1.1m in tax returns across two businesses

18 Nov 2022

Restructuring & Insolvency

Called to Account

Image for smes worried about future economic outlook

Business | SMEs worried about future economic outlook

In the midst of economic uncertainty, many SMEs are worried their businesses will not survive the next 12 months

18 Nov 2022