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Business | BDO revenue up 16% to record £935m

BDO has reported a 16% increase in revenues to £935m for the financial year 2022/23, with significant growth across all three of its service lines of audit, tax and advisory

8 Nov 2023

Business

Accountancy Firms

Careers

Leadership & Management

Image for menzies expands butler co merger

Business | Menzies expands with Butler & Co merger

Menzies has merged with accounting firm Butler & Co in the second deal of the year

8 Nov 2023

Business

Accountancy Firms

Careers

Leadership & Management

Image for revenue scotland stops use email agent comms

Tax | Revenue Scotland stops use of email agent comms

Revenue Scotland will no longer accept emails from tax agents and accounts related to the SETS online tax collection system

8 Nov 2023

Tax

Tax Compliance

Image for hmrc clarifies tax refunds directors loans

Tax | HMRC clarifies tax refunds on directors loans

HMRC has updated guidance on how close companies can reclaim tax on directors loans

8 Nov 2023

Tax

Business Tax

Image for birmingham umbrella named tax avoidance promoter

Tax | Birmingham umbrella named as tax avoidance promoter

HMRC has warned taxpayers not to sign up to a Birmingham based 1st Choice Umbrella as the agency is paying contractors some of their earnings tax-free

8 Nov 2023

Tax

Personal Tax

Image for permanent roles down starting salaries rise

Business | Permanent roles down as starting salaries rise

The number of permanent job vacancies is falling despite a rise in starting salaries, according to the KPMG and REC, UK Report on jobs

8 Nov 2023

Business

Accountancy Firms

Careers

Leadership & Management

Image for chelverton hires johnston carmichael auditor

| Chelverton hires Johnston Carmichael as auditor

AIM listed Chelverton UK Dividend Trust has appointed Johnston Carmichael LLP as auditors as incumbent firm stops listed audit work

8 Nov 2023

Corporate Governance

Image for cooper parry acquires creaseys wealth

HR | Cooper Parry acquires Creaseys Wealth

Private equity backed Cooper Parry has fully acquired Kent based financial planning firm Creaseys Wealth after an initial joint venture

8 Nov 2023

Business

Careers

Leadership & Management

Image for changes rd tax relief cause confusion

Tax | Changes to R&D tax relief cause confusion

Poorly thought-out changes to R&D relief are causing confusion for accountants, tax software providers and companies, warns Blick Rothenberg

8 Nov 2023

Tax

Business Tax

Image for xeinadin hikes revenue ps30m acquisition drive

Business | Xeinadin hikes revenue in £30m acquisition drive

Investment from private equity firm Exponent has financed a string of acquisitions at top 20 firm Xeinadin. Derry Crowley, head of the firm talks to Sara White about the challenges of growing so fast

7 Nov 2023

Business

Accountancy Firms

Careers

Leadership & Management

Business | PwC to cut 600 jobs

Big Four accounting firm PwC plans to cut 600 jobs in the UK as a result of ‘lower than normal’ levels of staff turnover

7 Nov 2023

Business

Accountancy Firms

Careers

Image for carpenter banned over ps50k covid loan fraud

Business | Carpenter banned over £50k covid loan fraud

The director of a Wolverhampton joinery installation business has been banned for 10 years after fraudulently claiming a £50,000 bounce back loan

7 Nov 2023

Business

Companies

Called to Account

Image for omission audit reforms very disappointing

| Omission of audit reforms ‘very disappointing’

The exclusion of long overdue audit reform from the King’s Speech has been criticised by accountancy bodies, describing it as ‘groundhog day’

7 Nov 2023

Corporate Governance

Finance | FRC waters down changes to Corporate Governance Code

The Financial Reporting Council has abandoned the majority of planned changes to the Corporate Governance Code, including tougher director accountability and reporting on clawbacks for misconduct

7 Nov 2023

Finance

Financial Reporting

Image for aab group appoints emma lancaster chief executive

Business | AAB Group appoints Emma Lancaster as chief executive

Emma Lancaster has been named as chief executive of AAB Group replacing Graeme Allan as the accountancy and advisory firm plans more acquisitions

7 Nov 2023

Business

Accountancy Firms

Careers

Leadership & Management

Business | WeWork files for bankruptcy in US

WeWork, the flexible work space provider, has filed for Chapter 11 bankruptcy in the US but will continue to operate as normal in the UK

7 Nov 2023

Business

Companies

Image for hmrc loses euromoney ps105m corporation tax dispute

Tax | HMRC loses Euromoney £10.5m corporation tax dispute

Financial publisher Euromoney has won a case at the Court of Appeal over a £10.5m disputed tax bill about whether the proceeds from a stake in a company were stock or taxable cash

6 Nov 2023

Tax

HMRC

Case Reports

Image for pwc wins ps13m severn trent audit

| PwC wins £1.3m Severn Trent audit

FTSE 100 water company Severn Trent plc plans to swap auditors after a tender, hiring PwC to take over from Deloitte in two years

6 Nov 2023

Corporate Governance

Image for paper vat registrations end 13 november

Tax | Paper VAT registrations end on 13 November

HMRC will be scrapping paper VAT registrations and mandating online only sign-ups next week

6 Nov 2023

Tax | Hike in directors trying to avoid tax debt by dissolving business

Directors trying to dissolve their own companies to avoid paying debts and tax bills have seen a threefold increase in objections by creditors in the past two years

6 Nov 2023

Tax

Tax Compliance

Image for majority businesses expect taxes rise

Tax | Majority of businesses expect taxes to rise

Companies are warning that taxes are likely to rise for businesses after a general election, a marked shift in mood from just four months ago, while HMRC service levels seen as problematic

6 Nov 2023

Tax

Business Tax

Image for spread better jailed over ps46m fraud

Business | Spread better jailed over £4.6m fraud

A fraudster from Bath has been jailed after a £4.6m spread betting scam defrauded a friend and their family

6 Nov 2023

Business

Called to Account

Image for j5 cyber event focuses crossborder tax evaders

Tax | J5 cyber event focuses on crossborder tax evaders

The J5 Joint Chiefs of Global Tax Enforcement has run a cyber challenge focused on data mining and financial reporting to target tax criminals

6 Nov 2023

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Tax Services

Latest news

Business | BDO revenue up 16% to record £935m

Business | Menzies expands with Butler & Co merger

Tax | Revenue Scotland stops use of email agent comms

Tax | HMRC clarifies tax refunds on directors loans

Tax | Birmingham umbrella named as tax avoidance promoter

Business | Permanent roles down as starting salaries rise

| Chelverton hires Johnston Carmichael as auditor

HR | Cooper Parry acquires Creaseys Wealth

Tax | Changes to R&D tax relief cause confusion

Business | Xeinadin hikes revenue in £30m acquisition drive

Business | PwC to cut 600 jobs

Business | Carpenter banned over £50k covid loan fraud

| Omission of audit reforms ‘very disappointing’

Finance | FRC waters down changes to Corporate Governance Code

Business | AAB Group appoints Emma Lancaster as chief executive

Business | WeWork files for bankruptcy in US

Tax | HMRC loses Euromoney £10.5m corporation tax dispute

| PwC wins £1.3m Severn Trent audit

Tax | Paper VAT registrations end on 13 November

Tax | Hike in directors trying to avoid tax debt by dissolving business

Tax | Majority of businesses expect taxes to rise

Business | Spread better jailed over £4.6m fraud

Tax | J5 cyber event focuses on crossborder tax evaders