Business &amp; Accountancy Daily

Business | EY Global revenue hits $49.4bn

EY Global has reported one of its best ever years with fee income of $49.4bn, up 25% since the pandemic, despite disruption caused by the now abandoned plan to split the firm into two entities

14 Sep 2023

Careers

Leadership & Management

Image for australian regulatory shake post pwc debacle

Tax | Australian regulatory shake-up post PwC debacle

The tax world has been shaken by the revelations of PwC partners’ involvement in leaks of confidential government tax documents in Australia to multinational clients. Glyn Fullelove, editor-in-chief, Tax Weekly, considers how this could affect UK tax rules

13 Sep 2023

Tax

International Tax

Tax Planning

Image for co founder jailed 4bn crypto fraud

Business | Co-founder jailed for $4bn crypto fraud

The co-founder of the fraudulent cryptocurrency scheme, OneCoin, has been handed 20 years behind bars for his involvement in marketing the $4bn scam worldwide

13 Sep 2023

Tax | Director loses £80k tax appeal

A director has lost a First Tier Tribunal (FTT) appeal against penalties charged by HMRC for VAT and corporation tax inaccuracies, which totalled £80,666.31

13 Sep 2023

Business | Brearley & Co acquires Yorkshire firm

Accountancy firm Brearley & Co has extended its presence across Yorkshire with the acquisition of F L Accounting

13 Sep 2023

Careers

Leadership & Management

Business | UK economy shrinks by 0.5%

The UK economy contracted by 0.5% in July, with falls in all three main sectors, according to data from the Office for National Statistics (ONS)

13 Sep 2023

Image for half tax relief claims invalid under rd rule changes

Tax | Half of tax relief claims invalid under R&D rule changes

UK companies risk falling foul of new regulation involving the submission of tax relief claims for research and development (R&D), warns accountancy firm Azets

13 Sep 2023

Tax | Q&A: salary sacrifice and parking expenses

In this week’s Q&A, Croner-i payroll advisor Joe Tabois, explains the tax and benefit in kind implications of claiming parking expenses

12 Sep 2023

Business | Plans for insolvency watchdog abandoned

The government has backed down on plans to create a single insolvency watchdog and will leave oversight to professional institutes like ICAEW and ICAS

12 Sep 2023

Restructuring & Insolvency

Image for management consultant jailed ps850k will fraud

Business | Management consultant jailed for £850k will fraud

A retired management consultant has been jailed for five years after defrauding vulnerable people out of nearly £900,000, which he used to fund a gambling addiction and holidays

12 Sep 2023

Business | Dains acquires Midlands accountants HSKSG

Private equity backed Dains Accountants has acquired HSKSG as part of its strategy to become one of the Top 30 firms

12 Sep 2023

Careers

Leadership & Management

Image for poundland snaps 71 wilko stores

Business | Poundland snaps up 71 Wilko stores

Poundland owner Pepco has agreed to take on up to 71 Wilko stores, with staff working at the sites given priority for jobs once the sale has been completed

12 Sep 2023

Image for narrow scope amendments ifrs proposed

Finance | Narrow scope amendments to IFRS proposed

The International Accounting Standards Board plans a number of narrow-scope amendments to clarify wording on IFRS accounting standards

12 Sep 2023

Finance

IFRS

Audit Consultations

Image for ministers ignore departmental fraud crisis

Business | Ministers ignore departmental fraud crisis

MPs have criticised the government for failing to take action to recover fraud and error losses of up to £28bn a year

12 Sep 2023