Business &amp; Accountancy Daily

Accountancy Firms

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Leadership & Management

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Business | Accountancy apprenticeships in top five most popular options

UCAS has launched an apprenticeship service to give students an overview of options as demand hits an all-time high with accountancy programmes one of the most popular

23 Oct 2023

Tax | Treasury rejects MP call for review of tax reliefs

The Treasury has ruled out a review of the cost effectiveness of tax reliefs, saying it would not be best use of resources and would create business uncertainty

23 Oct 2023

HMRC

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Tax | 100 days to go to self assessment tax deadline

HMRC is reminding taxpayers including anyone earning income from side hustles that they have 100 days left to submit their online self assessment tax return ahead of the deadline on 31 January 2024

23 Oct 2023

Business | Financial controller jailed for £2.9m fraud

An accountant and financial controller from Essex has been jailed for nine years after stealing £2.9m from two different employers

23 Oct 2023

Called to Account

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Tax | Use of trusts for tax planning in serious decline

Changes to rules have seen a hike in the number of trusts on the Trust Registration Service but a minority of trusts and estates submitted tax returns

23 Oct 2023

Business | How will AI affect the future of tax jobs?

Artificial intelligence offers the chance to automate boring, repetitive accounting tasks and redefine the role of tax advisers and accountants, says Russell Gammon, chief solutions officer at Tax Systems

20 Oct 2023

Tax | Wedding barn loses £1.6m inheritance tax dispute

HMRC has won a case related to an inheritance tax bill for £1.6m after rejecting an estate claim for business property tax relief for a wedding venue at a farm

20 Oct 2023

Business | People in the news: Haines Watts, PKF Littlejohn, HWB

In this week’s accountancy career moves, partner promotions and hires at Haines Watts, Hawsons, HWB, Magma, PKF Littlejohn, Robb Ferguson, Gateley Capitus, IRIS, UKEB

20 Oct 2023

Leadership & Management

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Tax | Lords hearing to focus on effectiveness of tax fraud crackdown

The House of Lords Finance Bill Sub-Committee will be taking evidence from accountancy professional bodies about the effectiveness of proposed measures to tackle tax fraud

20 Oct 2023

Tax Compliance

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Business | Gen Z harder to motivate than previous generations

Expectations of the Gen Z workforce are forcing businesses to adapt their training methods and support younger staff studying for professional qualifications

20 Oct 2023

Tax | Inheritance tax receipts up 17%

The inheritance tax take has hit £7.5bn a year, up 17% from the last 12-month period and 50% over five years, while corporation tax receipts were up significantly due to 25% rate

20 Oct 2023

Business | Johnston Carmichael sets up bursaries for accountancy students

Johnston Carmichael has entered a partnership with the ICAS Foundation to provide bursaries for young people from disadvantaged backgrounds to promote greater social mobility in the accountancy profession

20 Oct 2023

Accountancy Firms

Careers

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Tax | HMRC plans to reduce phone line access by 30%

The head of HMRC Jim Harra has told MPs he aims to cut the volume of phone calls to HMRC advisers by nearly a third by the end of 2024 and will shut more helplines

19 Oct 2023

HMRC

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Business | Price Bailey merges with Peterborough accountants

Price Bailey has merged with the Peterborough office of Stephenson Smart to strengthen their accountancy offering in East Anglia

19 Oct 2023

Accountancy Firms

Careers

Leadership & Management

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Business | SMEs see sustainability reporting compliance as expensive

One in three SMEs (36%) are not clear about what they should be reporting on when it comes to sustainability requirements

19 Oct 2023

Companies

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Tax | CPD module: tax on travel and subsistence claims

In this month's exclusive Accountancy Daily CPD learning module we focus on tax on travel and subsistence at temporary and permanent workplaces

19 Oct 2023

Employment Tax

Tax Compliance

Image for frc strengthen auditor reporting material misstatement risk

Finance | FRC to strengthen auditor reporting on material misstatement risk

The Financial Reporting Council plans to strengthen auditor responsibility to detect and report the risk of fraud and material misstatement if companies break the law

19 Oct 2023

Finance

Audit Consultations

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Finance | Birmingham charity trustees banned as filed no accounts

The trustees of a Birmingham education charity have been disqualified after they failed to file accounts for decades

19 Oct 2023

Charities

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Tax | King’s Speech scheduled for 7 November

The next session of parliament will open with the King’s Speech on 7 November, setting out future legislative plans, but it is unlikely to feature audit reform

19 Oct 2023