Business &amp; Accountancy Daily

Image for accountancy sector recruitment too elitist

Business | Accountancy sector recruitment too ‘elitist’

Accountancy firms hire the majority of their trainees from top universities, reducing diversity and opportunity

28 Apr 2023

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HR | People in the news: Evelyn Partners, Henderson Loggie, Armstrong Watson

In this week’s accountancy career moves, partner promotions at Evelyn Partners, Henderson Loggie, Armstrong Watson, PKF Littlejohn, Carpenter Box, Azets and head of R3

28 Apr 2023

Image for hmrc fix double taxation risk ir35 pay

Tax | HMRC to fix double taxation risk of IR35 pay

HMRC has launched a consultation to look at reform of the double taxation problem with off-payroll working payments

28 Apr 2023

Business | Accountants need to balance automation and human expertise

Automation software can manage high volume, repetitive tasks more quickly and accurately than their human counterparts, but the role of the tax adviser is critical, argues Russell Gammon, chief solutions officer at Tax Systems

28 Apr 2023

AI & Technology

Image for hmrc strikes will hit call centres

Tax | HMRC strikes will hit call centres

Hundreds of HMRC advisers working in two call centres are planning 18 days of strikes in May and June

28 Apr 2023

Tax

HMRC

27 Apr 2023

Image for us clawback rules could hit uk company directors

Finance | US clawback rules could hit UK company directors

Clawback rules for listed companies could capture some UK companies with dual listings in the US, subject to very limited exceptions, explain Alexander Parkhouse, counsel, corporate (US), and Cara Hegarty, partner, employment and incentives, Linklaters LLP

27 Apr 2023

Finance

Financial Reporting

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Tax | HMRC expands SMS service to cut adviser calls

HMRC is planning to extend an initial trial text message service to cover the majority of straightforward enquiries to reduce the number of callers taking up time on phone lines

27 Apr 2023

Tax

HMRC

Tax Compliance

Image for former football boss guilty ps4m investment fraud

Business | Former football boss guilty of £4m investment fraud

A former football club chairman and an unauthorised trader have been found guilty after they defrauded hundreds of investors out of £4m

27 Apr 2023

Tax | Restaurant boss loses £212k tax appeal

The director of a restaurant business has lost an Upper Tribunal case against a tax bill for £212,000 refusing permission to appeal out-of-time submissions

27 Apr 2023

Business | Former FRC chair Sir Win Bischoff dies aged 81

Sir Win Bischoff, former chair of the Financial Reporting Council (FRC), has died at the age of 81 after a short illness

27 Apr 2023

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Business | Azets expands in Yorkshire with Naylor Wintersgill deal

Azets has acquired Naylor Wintersgill, a £4m revenue firm of chartered accountants, business and tax advisors, based in Yorkshire

27 Apr 2023

Image for confusion over duplicate simple assessment tax demands

Tax | Confusion over duplicate simple assessment tax demands

HMRC is issuing paper copies of simple assessments including some for tax demands that have already been paid

27 Apr 2023

Business | Charities need to verify crypto donations

The Charity Commission has issued updated guidance to help charities tighten up their financial controls to improve risk management

27 Apr 2023

Tax | Tax avoidance promoters face criminal action

Greater powers for HMRC to stop promoters of tax avoidance schemes by making their actions a criminal offence are out for consultation

27 Apr 2023

Tax

Employment Tax

Consultations

Image for mps intervene over apostle accounting tax rebate claims

Tax | MPs intervene over Apostle Accounting tax rebate claims

MPs have written to HMRC calling for a meeting to discuss concerns about Apostle Accounting after clients said they had to repay tax refunds arranged by the firm

27 Apr 2023

Business | ICAS plans tiered membership subscription model

ICAS has launched a long-term strategy for the accountancy professional body, setting out a roadmap to provide more value to members and students

27 Apr 2023

26 Apr 2023

Image for kpmg fined ps1m over works audit failures

Finance | KPMG fined £1m over The Works audit failures

KPMG and a former partner have been fined £1.06m over problems with inventory checks related to the audit of discount stationery retailer The Works

26 Apr 2023

Tax | Tax for short-term business visitors

With the annual reporting deadline of 31 May approaching, Kenny Law, senior manager, global mobility services at Crowe, sets out the payroll compliance requirements for short-term business visitors to the UK

26 Apr 2023

Tax | Turmeric shot maker wins £80k VAT case

A nutritional shot producer has won a First Tier Tribunal (FTT) appeal over a disputed £80k VAT bill about zero rating on turmeric shots

26 Apr 2023

Tax | HMRC spends £150m on IT staff

HMRC has increased spending on IT staff to £150m, almost double the pre-pandemic figure in 2019

26 Apr 2023

Tax | Online sellers targeted for unpaid tax

HMRC has information on thousands of online sellers who have failed to pay tax on sales over the internet

26 Apr 2023

Business | Nordens snaps up Lewis & Co accountants

Nordens has acquired Lewis & Co Chartered Accountants in a move to expand London offering

26 Apr 2023

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Business | Business department wrote off £985m in covid grants

The Department for Business has written off nearly £1bn paid in covid support grants as local authorities have no incentive to recover the money

26 Apr 2023

Business | Businesses lose £26m to fraud in Q1

Stronger anti-fraud controls have cut the value of corporate fraud and cybercrime incidents against businesses to £26.6m in the first three months of 2023

26 Apr 2023

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Business | Haines Watts relocates Leeds office

Top 20 accountancy firm Haines Watts has moved into a new, custom-designed office in a listed building in Leeds city centre

26 Apr 2023