In this week’s Q&A, Croner-i tax adviser Ibrahim Nalla, explains the tax liability when allocating profits to multiple members of a limited liability partnership
MPs on the Transport Committee have criticised the Treasury’s failure to take up any ideas from its report on the risks of losing £35bn in road and fuel tax revenue
Taxpayers will now have an extra four months until the end of July to make additional payments to their National Insurance contributions to increase state pension entitlements
The US Securities and Exchange Commission (SEC) has filed an emergency action against crypto adviser BKCoin in connection with a $100m (£83m) crypto asset fraud scheme
MPs showed support for plans to boost accountancy training and apprenticeships at a parliamentary reception for the Association of Accounting Technicians (AAT)
Changes to the rules on tenancy and tax reliefs mean financial pressures are mounting for buy-to-let landlords, explains David Freedman, director at Lawrence Stephens
In a win for local councils, HMRC has conceded that local authorities can apply the non-business VAT treatment to leisure services provided to members of the public
An international law firm is facing a £1m negligence claim over inheritance tax related to a trust after the High Court found the argument was not time-barred
HMRC has issued a warning to taxpayers to stop using Hive Umbrella for contract work as it is running a tax avoidance scheme using untaxed pay advances
The Levelling Up, Housing and Communities (LUHC) Committee has launched an inquiry into financial reporting and audit in local authorities as the majority of audits are filed late and more councils declare financial failings
In this week’s accountancy career moves, partner promotions and hires at Monahans, KPMG, Saffery Champness, Simmons Gainsford, PKF Littlejohn, UHY Hacker Young
The Financial Reporting Council (FRC) has been confirmed as the oversight body for local audit but not until the new audit regulatory structure is created