Business &amp; Accountancy Daily

Accountancy Firms

Image for second ev battery maker set administration

Business | Second EV battery maker set for administration

AIM listed electric battery developer AMTE Power is set to go into administration after failing to secure additional financing and going concern warnings

20 Dec 2023

Restructuring & Insolvency

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Business | Fraudster behind ‘useless investment’ paid back £1m

A fraudster who stole over £3m from elderly clients duped into a series of ‘worthless investments’ has been forced to repay £1,037,948

20 Dec 2023

Law & Guidance

Tax | Tips for small businesses on completing tax returns

FreeAgent’s chief accountant Emily Coltman FCA provides some handy tips for small business owners to help them file their self assessment tax returns

20 Dec 2023

Tax | Scottish £75k plus earners face hike in taxes

Alexandra Docherty, partner at Johnston Carmichael considers the impact of the 45% tax rate on £75,000 plus earners and rise in top rate in Scotland

20 Dec 2023

Business | Inflation falls to a 26-month low of 3.9%

A further 0.7% fall in inflation to 3.9% for November brings it down to its lowest in over two years, down from 10.7% this time last year

20 Dec 2023

Image for dont short change christmas staff employers warned

Tax | Don’t short-change Christmas staff, employers warned

Employers are being reminded they must pay their workers at least the national minimum wage or national living wage this festive season, including seasonal staff and students

20 Dec 2023

Employment Tax

HMRC

Tax | HMRC helpline closures create customer care void

Following news that HMRC plans to shut more helplines and cut phone line access by almost a third by the end of 2024, Louise Walpole from Moneypenny warns of a void in customer care

20 Dec 2023

HMRC

Business | ICAEW elects Caroline Smale as vice president

Bishop Fleming partner Caroline Smale has been elected as ICAEW vice president for the period 2024 to 2025

20 Dec 2023

Accountancy Firms

Leadership & Management

Image for pwc cleared intu properties audit investigation

| PwC cleared in Intu Properties audit investigation

The audit regulator has closed an investigation into PwC over the audit of collapsed shopping centre investor, Intu Properties plc

19 Dec 2023

Corporate Governance

Image for bolt wins tax tribunal case against hmrc

Tax | Bolt wins tax tribunal case against HMRC

Bolt has won its case against HMRC regarding whether the company was liable to pay a 20% tax on the full fare

19 Dec 2023

VAT

Image for scottish budget announces 45 tax rate higher earners

Tax | Scottish budget announces 45% tax rate for higher earners

The Scottish government has introduced a new tax band for higher earners in the 2024-25 tax year

19 Dec 2023

Personal Tax

Politics

Image for 40 director bans were covid fraud

Business | 40% of director bans were for Covid fraud

Nearly half of director bans in the last 12 months were related to covid fraud with less than a million pounds recovered

19 Dec 2023

Restructuring & Insolvency

Image for treasury chief given ps335k payoff

Tax | Treasury chief given £335k payoff

More than £150m was paid out to civil servants in ‘golden handshake’ payments last year with Treasury boss given £335,000

19 Dec 2023

Politics

Image for qa capital gains tax and chattels

Tax | Q&A: capital gains tax and chattels

In this week’s Q&A, Roger Bradbury, tax advice consultant at Croner-i, explains the capital gains tax liabilities and the chattels exemption

19 Dec 2023

Business | Restaurateur jailed for £52k VAT fraud

An Aberdeen restaurant owner has been jailed for a year after failing to pay HMRC over £50,000 in VAT

19 Dec 2023

Called to Account

Business | Small businesses turn to accountants

The rising cost of living has led 43% of small businesses who have accountants to seek more support with financial forecasting

19 Dec 2023

Accountancy Firms

Image for cpd module property valuations under frs 102

Finance | CPD module: property valuations under FRS 102

In this month’s exclusive CPD learning module, we focus on the accounting treatment of property valuations under FRS 102 rules

19 Dec 2023

Finance

Financial Reporting

UK GAAP

Image for consultant guilty defrauding police federation

Business | Consultant guilty of defrauding Police Federation

A consultant who lied about payments he made to four members of the House of Lords on behalf of the Police Federation has been convicted of fraud and false accounting

19 Dec 2023

Called to Account

Tax | You can’t rely on AI

The tax tribunal has encountered artificial intelligence (AI) and it didn’t like what it saw, explains Paul Robbins, associate director for tax at Croner-i

18 Dec 2023

Tax Planning

Case Reports

Image for more ps1m allegedly stolen fraudsters

Business | More than £1m allegedly stolen by fraudsters

Seven people have been arrested from around the country in connection with the theft of more than £1m from a woman from Scotland

18 Dec 2023

Called to Account

Image for young entrepreneurs thriving succession crisis looms those retirement age

Business | Young entrepreneurs thriving but 'succession crisis looms' for those at retirement age

Young entrepreneurs are thriving while those of retirement age or higher are struggling to sell their companies

18 Dec 2023

Image for chartered iia warns threats supply chains

Business | Chartered IIA warns of threats to supply chains

Supply chains are under risk from many angles in this current climate, which businesses need to prepare well for says Chartered IIA

18 Dec 2023

Image for fraudulent activities ni reached ps92k 2020

Business | Fraudulent activities in NI reached £92k in 2020

The Local Government Audit has found councils in Northern Ireland reported £92,000 of suspected fraud cases in 2020-21, up from just £5,000 the year before

18 Dec 2023