Business &amp; Accountancy Daily

Law & Guidance

Image for advisers call rethink making tax digital extension

Tax | Advisers call for ‘rethink’ of Making Tax Digital extension

An influential group of tax advisers is calling on the government to ‘rethink’ plans to expand the scope of Making Tax Digital reporting to landlords and the self employed

16 Nov 2023

Making Tax Digital

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Business | Cowgills relocates Bolton headquarters

Northwest accountancy firm Cowgills has moved into new state of the art headquarters in Bolton to provide more space

16 Nov 2023

Careers

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Business | Mazars deal with Forvis to grow US business

Two accounting firms have joined forces to create a stand-alone global network under the Forvis Mazars brand, giving the French firm greater access to the US market

16 Nov 2023

Careers

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Business | Half of businesses pay suppliers late

Economic uncertainty and rising prices have seen 52% of businesses paying invoices late due to cashflow problems

16 Nov 2023

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Tax | Scotland plans national aggregates tax

The Scottish government has issued draft rules for a special aggregates tax to replace the UK levy to encourage the use of recycled construction materials

16 Nov 2023

Business Tax

Image for boss collapsed energy supplier hit six year ban

Business | Boss of collapsed energy supplier hit with six-year ban

The former director of Extra Energy Supply has been banned from running a business after going bust owing £28.5m to Ofgem for feed-in tariffs

16 Nov 2023

Restructuring & Insolvency

Called to Account

Image for too much boilerplate reporting corporate governance warns frc

Finance | Too much boilerplate reporting on corporate governance, warns FRC

Companies are failing to report on corporate governance to a consistently high standard and too many use a formulaic, boilerplate approach

16 Nov 2023

Finance

Financial Reporting

Tax | Sign up for our Autumn Statement webinar

Join our webinar to find out how announcements in the Autumn Statement will affect your business and accountancy practice

16 Nov 2023

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Business | High earner escapes £4k child benefit charge

A taxpayer has won an appeal against four HMRC demands for £4,056 related to the high income child benefit charge

15 Nov 2023

Law & Guidance

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Business | Accountant guilty in £3m mortgage fraud

An accountant and a former financial adviser have been found guilty of making £3m worth of fraudulent mortgage applications

15 Nov 2023

Called to Account

Image for pkf francis clark restructures leadership team

Business | PKF Francis Clark restructures leadership team

Southwest accountancy firm PKF Francis Clark has changed its leadership structure ahead of the retirement of managing partner Andrew Richards

15 Nov 2023

Careers

Image for accountants invited sign ps18m it project

Business | Accountants invited to sign up to £1.8m IT project

A major research project to improve the use of digital technology and artificial intelligence across accounting and law firms is looking for practices to take part and trial ground-breaking technology

15 Nov 2023

Image for only 51 covid fraud criminal investigations under way

Tax | Only 51 Covid fraud criminal investigations under way

The Chancellor has told MPs action on covid fraud is continuing with 80 individuals arrested over charges related to fraud during the pandemic

15 Nov 2023

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Business | Juror claims £20k offered to fix Pilley fraud trial

Lancashire Police are investigating allegations of bribery of juror in the Andy Pilley contract fraud case

15 Nov 2023

Law & Guidance

Image for counter fraud team stops ps311m public sector thefts

Business | Counter fraud team stops £311m public sector thefts

The government’s anti fraud body identified and prevented £311m in fraud against public sector bodies in its first year of operation

15 Nov 2023

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Business | Inflation rate drops sharply to 4.6%

The inflation rate fell by more than 2% in October as last autumn’s high energy prices fell out of the calculations

15 Nov 2023

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Tax | Q&A: stamp duty land tax and linked leases

In this week’s Q&A, Croner-i tax adviser Alec McCarthy explains the stamp duty land tax implications when considering whether property leases are linked

14 Nov 2023

Property Tax

Tax Compliance

Image for hmrc paid tax fraud whistleblowers ps509k

Tax | HMRC paid tax fraud whistleblowers £509k

Disgruntled and former employees contributed to a 47% rise in whistleblower reports about tax and covid frauds to HMRC

14 Nov 2023

Tax Compliance

Law and Regulation

Image for nigel huddleston takes tax brief treasury reshuffle

Tax | Nigel Huddleston takes on tax brief in Treasury reshuffle

Former Deloitte consultant, Nigel Huddleston MP has been appointed as financial secretary to the Treasury, replacing Victoria Atkins

14 Nov 2023

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Business | EY fined $3m over exam cheating in Texas

The Texas accountancy regulator has issued a record $3m penalty against EY after staff cheated on professional exams

14 Nov 2023

Business | Bank contractor jailed over £2.2m fraud

A man from Hertfordshire who committed a £2.2m fraud when he worked at Royal Bank of Scotland has been jailed for four years

14 Nov 2023

Called to Account

Business | Company insolvencies up 18% on the year

Construction, retail and hospitality sectors are struggling with a high level of insolvencies as companies are hit by high interest rates

14 Nov 2023

Restructuring & Insolvency

Image for sfo raids law firm over ps66m missing client funds

Business | SFO raids law firm over £66m missing client funds

The Serious Fraud Office has launched an investigation into suspected fraud at collapsed law firm Axiom Ince with nine raids and seven arrests

14 Nov 2023

Restructuring & Insolvency

Image for inheritance tax cut would only affect 12k families

Tax | Inheritance tax cut would only affect 12k families

Raising the inheritance tax threshold to £500,000 and removing the residence nil rate band would benefit a limited number of taxpayers and cost £1.4bn a year in lost tax

14 Nov 2023