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Image for pwc partners earn ps906k profits fall

Business | PwC partners earn £906k as profits fall

Big Four firm PwC has reported a 16% growth in revenue from £5.02bn to £5.8bn, but partner pay fell from last year’s record figure

23 Aug 2023

Business

Accountancy Firms

Careers

Leadership & Management

Image for accountancy outsourcer wins case over competitors adwords use

Business | Accountancy outsourcer wins case over competitor’s Adwords use

The High Court has ended a two-year trademark battle ruling in favour of accountancy outsourcing firm AdvanceTrack after competitor GI Outsourcing repeatedly used its name and branding in an online advertising campaign

23 Aug 2023

Business

Accountancy Firms

Law & Guidance

Image for ellacott morris expands essex accountancy practice

Business | Ellacott Morris expands Essex accountancy practice

Essex based accountancy firm Ellacott Morris has opened a second office and plans to hire more staff

23 Aug 2023

Business

Accountancy Firms

Careers

Leadership & Management

Image for parents must re register child benefit 16 year olds

Tax | Parents must re-register for child benefit for 16 year olds

Teenagers over 16 years old in education or training will stop receiving child benefit payments unless their parents re-register by 31 August

23 Aug 2023

Tax

Personal Tax

HMRC

Image for property trust loses ps290k tax case

Tax | Property trust loses £290k tax case

A property trust has lost a case at the Upper Tribunal over the use of a stamp duty land tax avoidance scheme which resulted in a £294,000 tax saving

23 Aug 2023

Tax | HMRC clarifies rules on basis period tax reporting

HMRC has issued guidance on changes to reporting income affecting self employed, sole traders and partnerships under the basis period tax year

23 Aug 2023

Finance | Theatre college failed to file accounts

The charity regulator is investigating Kogan Academy of Dramatic Arts after it failed to file accounts for more than two years and faces liabilities of £270,000

23 Aug 2023

Business

Charities

Image for umbrella dalespay runs tax free pay scheme

Tax | Umbrella Dalespay runs tax free pay scheme

A Yorkshire based umbrella recruitment company has been paying agency workers tax-free through a Cypriot subsidiary

23 Aug 2023

Tax

Employment Tax

Called to Account

Image for top 75 firms trainees survey 3 rise training contracts

Business | Top 75 Firms Trainees Survey: 3% rise in training contracts

Over 22,000 trainees are working towards accountancy qualifications at the Top 75 firms but the Big Four have reduced the number of places on offer. Philip Smith analyses the current trends

22 Aug 2023

Business

Accountancy Firms

Top 75 Surveys

Image for nursery carer faces charges ps220k fraud

Business | Nursery carer faces charges for £220k fraud

A former nursery employee is facing fraud charges dating back more than 10 years after transferring over £220,000 from her employer, including from a community group

22 Aug 2023

Business | FTSE 100 bosses given 16% pay rise

The bosses of the UK’s 100 biggest companies saw their pay rise by almost 16% on average last year from £3.38m in 2021 to £3.91m in 2022, according to research by thinktank High Pay Centre

22 Aug 2023

Business

Companies

Accountancy Firms

Image for ps40bn property owned offshore tax haven firms

Tax | £40bn of property owned by offshore tax haven firms

UK property with a market value of £39.8bn is held by overseas companies not subject to domestic tax laws, according to research from Stripe Property Group

22 Aug 2023

Tax | Inheritance tax take hits £2.6bn

HMRC raked in £2.6bn in inheritance tax (IHT) receipts between April to July 2023, with receipts in June this year the highest monthly total on record

22 Aug 2023

Tax | Q&A: loan impairment

In this week’s Q&A, Croner-i tax adviser David Lawson talks about loan impairment and the implications if a loan is written off

22 Aug 2023

Tax

Business Tax

Tax Compliance

Image for accountants rate job satisfaction grade c

Business | Accountants rate job satisfaction at grade C

More than half of accountants would give their on-the-job fulfilment and satisfaction a grade C or lower, with many wanting to have more of an impact on their organisation’s success

21 Aug 2023

Business | Director banned over unaccounted £1.8m

The director of a loft and gas installation company has been banned from being a director after the company’s books failed to account for over £1.8m

21 Aug 2023

Tax | Tesco scraps VAT on period pants

Tesco has become the first retailer to cover the cost of VAT on its range of period underwear, following an industry push calling on the government to scrap the 20% tax that applies to the product

21 Aug 2023

Business | Evelyn Partners to relocate Bristol office

Top 10 accountancy firm Evelyn Partners has announced that it has agreed terms to relocate its Bristol office to a landmark EQ building, designed to deliver environmental and energy efficiency

21 Aug 2023

Business

Accountancy Firms

Leadership & Management

Image for hmrc paid ps500k whistleblowers last year

Business | HMRC paid £500k to whistleblowers last year

The tax authority dished out £509,000 to individuals providing evidence about tax fraud over the past year, according to research by international law firm, RPC

21 Aug 2023

Business

Companies

Accountancy Firms

Image for pkf littlejohn wins ps779k xaar audit

| PKF Littlejohn wins £779k Xaar audit

Listed inkjet printing technology group Xaar has appointed PKF Littlejohn as auditor to replace Big Four firm EY

21 Aug 2023

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Latest news

Business | PwC partners earn £906k as profits fall

Business | Accountancy outsourcer wins case over competitor’s Adwords use

Business | Ellacott Morris expands Essex accountancy practice

Tax | Parents must re-register for child benefit for 16 year olds

Tax | Property trust loses £290k tax case

Tax | HMRC clarifies rules on basis period tax reporting

Finance | Theatre college failed to file accounts

Tax | Umbrella Dalespay runs tax free pay scheme

Business | Top 75 Firms Trainees Survey: 3% rise in training contracts

Business | Nursery carer faces charges for £220k fraud

Business | FTSE 100 bosses given 16% pay rise

Tax | £40bn of property owned by offshore tax haven firms

Tax | Inheritance tax take hits £2.6bn

Tax | Q&A: loan impairment

Business | Accountants rate job satisfaction at grade C

Business | Director banned over unaccounted £1.8m

Tax | Tesco scraps VAT on period pants

Business | Evelyn Partners to relocate Bristol office

Business | HMRC paid £500k to whistleblowers last year

| PKF Littlejohn wins £779k Xaar audit