Business &amp; Accountancy Daily

VAT

Image for dentist loses ps1m remuneration trust appeal

Tax | Dentist loses £1m remuneration trust appeal

A dentist has lost a First Tier Tribunal (FTT) appeal against closure notices issued by HMRC which rejected claims for tax relief for payments to a remuneration trust

17 Apr 2023

Tax | 140k buy to let landlords sell up to retire

Around 140,000 landlords retired in 2022, accounting for nearly three-quarters (73%) of all landlord sales, while the number of incorporations has risen due to tax concerns

17 Apr 2023

Property Tax

Tax Planning

Image for come and grab free coffee us accountex 2023

Business | Come and grab a free coffee from us at Accountex 2023

Good news! Croner-i and Accountancy Daily will be back this year at Accountex on Wednesday 10 and Thursday 11 May, so save the date and join us at stand 1534

17 Apr 2023

Business | CFOs more optimistic at growth prospects

Business confidence has bounced back among finance leaders since the start of the year, with many considering artificial intelligence as the driving force for investment and productivity

17 Apr 2023

Image for using accounting software improve financial reporting

Finance | Using accounting software to improve financial reporting

A surprising number of companies still use manual accounting practices when software could increase productivity and accuracy, says Shagun Malhotra, founder of SkyStem LLC

14 Apr 2023

Finance

Financial Reporting

Image for homeowners lose ps177k sdlt appeal

Tax | Homeowners lose £177k SDLT appeal

A homeowner has lost a First Tier Tribunal (FTT) appeal over a disputed stamp duty land tax (SDLT) bill related to whether the property was safe to occupy

14 Apr 2023

Business | UHY Hacker Young Manchester marks centenary

Accounting firm, UHY Hacker Young Manchester, is celebrating its 100th year in business this month

14 Apr 2023

Image for people news haines watts kpmg rsm portfolio group

HR | People in the news: Haines Watts, KPMG, RSM, Portfolio Group

In this week’s accountancy career moves, partner promotions at EY, KPMG, RSM, Portfolio Group, Haines Watts, Interpath Advisory, Clayton & Brewill, Eversheds Sutherland

14 Apr 2023

Careers

Leadership & Management

Image for accountants work 20 hours overtime

Business | Accountants work 20 hours overtime

In the first few weeks after the new tax year started on 1 April, accountants are working on average 20 hours of overtime to support clients

14 Apr 2023

Image for academic ps1m energy grant fraud

Business | Academic in £1m energy grant fraud

A former Cambridge University academic has paid £1m back to the taxpayer following a National Crime Agency (NCA) investigation to track his hidden assets

14 Apr 2023

Business | Mitigo becomes cyber security partner for ICAEW members

ICAEW has signed a deal with cyber security company Mitigo to offer members’ preferential rates on services

14 Apr 2023

AI & Technology

Image for opulus acquires george co accountants

Business | Opulus acquires George & Co accountants

CFO solutions group Opulus has expanded with the acquisition of George + Co, a firm of chartered tax advisers and accountants based in Edinburgh

14 Apr 2023

Careers

Leadership & Management

Image for smes owed ps68k average suppliers

Business | SMEs owed £68k on average by suppliers

Bad debt and insolvencies on the rise, putting SME futures at risk as almost half of companies have seen business customers cease trading in the last six months

14 Apr 2023

Image for grant thornton hired ps250k fih audit

| Grant Thornton hired for £250k FIH audit

FIH Group, the AIM listed specialist services group has appointed Grant Thornton as auditors replacing KPMG

14 Apr 2023

Corporate Governance

Image for doctor wins ps77k personal tax case

Tax | Doctor wins £77k personal tax case

A doctor has won a case at the Upper Tribunal over a disputed tax demand from HMRC for £77,000, which was ruled out of time

13 Apr 2023

Tax | Holiday let owners may need planning permission

The government is planning to tighten up the rules on ownership of holiday lets with the introduction of planning permission

13 Apr 2023

Property Tax

Consultations

Image for kpmg fined ps875k over luceco audit failures

Business | KPMG fined £875k over Luceco audit failures

Big Four audit firm KPMG has been fined £875,000 over audit failures for LED lighting manufacturer Luceco

13 Apr 2023

Auditing

Business | GDP flatlines in February

The UK economy did not grow in February exacerbated by strikes by civil servants and teachers

13 Apr 2023

Image for capital gains tax land sales non residents

Tax | Capital gains tax on land sales for non-residents

HMRC has clarified the rules for non-residents about indirect disposals of shares in a company with UK land assets

13 Apr 2023

Property Tax

Tax Compliance

Image for leisure charity mismanaged ps200k loan

Business | Leisure charity mismanaged £200k loan

A London community charity has been wound up after two investigations by the Charity Commission over failure to clarify use of £200,000 in loans

13 Apr 2023