Business &amp; Accountancy Daily

Image for deloitte cut 100 jobs deals advisory team

Business | Deloitte to cut 100 jobs in deals advisory team

Deloitte is the latest Big Four firm to announce redundancies in the corporate finance team as demand for M&A advisory work slows down

8 Feb 2024

Careers

Image for plan final sign date overdue local audits

| Plan for final sign-off date for overdue local audits

The government is proposing to give local authorities a break on their overdue audits by effectively allowing them to close incomplete audits to reduce the backlog

8 Feb 2024

Corporate Governance

Image for ex kpmg melanie richards hired azets chair

Business | Ex KPMG Melanie Richards hired as Azets chair

Azets has appointed Melanie Richards CBE as chair replacing Gordon Hurst, who stepped down in December after three years

8 Feb 2024

Image for taxpayer fined filing tax returns 500 days late

Tax | Taxpayer fined for filing tax returns 500 days late

A taxpayer has lost an appeal related to a demand for £1,400 in penalties for late income tax self assessment forms which were filed years late

7 Feb 2024

Tax | Q&A: interest in possession trust and tax liability

In this week’s Q&A, Croner-i tax advice consultant Kyra Jacobs, explains the best approach when dealing with an interest in possession trust and inheritance tax issues

7 Feb 2024

Tax | ICAEW criticises ‘extreme waiting times’ on HMRC phones

HMRC needs more resources to improve digital services if it continues to withdraw phone support for accountants as service quality is ‘unacceptable’

7 Feb 2024

Tax

HMRC

Politics

Tax | HMRC failure to notify penalties raise £31m

Action to crack down on tax avoidance has seen HMRC pursue nearly 60,000 taxpayers with failure to notify penalties

7 Feb 2024

| Half of academy schools are in deficit

Academy schools are using up more of their reserves as 47% reported a deficit of reserves in the last year as funding is squeezed

7 Feb 2024

Image for matt meadows replace penfold moore

Business | Matt Meadows to replace Penfold at Moore

Private equity backed Moore Kingston Smith has appointed Matt Meadows as managing partner following a partner vote

7 Feb 2024

Careers

Image for deloitte wins ps23m ing bank audit

| Deloitte wins £23m ING Bank audit

Dutch listed ING plans to change auditors with the appointment of Deloitte, replacing Big Four firm KPMG

7 Feb 2024

Corporate Governance

Image for three men commit ps318k chicken fraud

Business | Three men commit £318k chicken fraud

A group of poultry workers have been found guilty of fraudulently supplying £318,000 worth of chicken to a company which was not a client

7 Feb 2024

Image for police consultant sentenced ps42k fraud

Business | Police consultant sentenced for £42k fraud

A consultant who faked payments to peers and defrauded the Police Federation of £42,000 for personal use has been given a suspended sentence

7 Feb 2024

Business | Electric van company hits the wall

Commercial vehicle maker Arrival UK has gone into administration following the appointment of restructuring experts at EY-Parthenon

7 Feb 2024

Restructuring & Insolvency

Image for hmrc targets undeclared dividend payments

Tax | HMRC targets undeclared dividend payments

Company directors suspected of earning dividends without declaring their taxable income are being contacted by HMRC

6 Feb 2024

Business | Private equity firms view audit as 'steady income'

Investment from private equity into accountancy firms is driving M&A activity across the sector with audit considered as a 'great disruption'

6 Feb 2024

Finance | Revolution Beauty boss to pay £2.9m settlement

AIM listed Revolution Beauty has reached a settlement agreement with former CEO and founder after problems with the 2022 audit

6 Feb 2024

Finance

Financial Reporting

Image for adventurer investigated ps100k potential fraud

Business | Adventurer investigated for £100k potential fraud

A police probe has been opened into an adventure firm that charged 30 trekkers £100,000 to climb Mt Kilimanjaro and did not pay suppliers for the trip

6 Feb 2024

Business | MHA expands with Geoghegans deal

In a second Scottish transaction, MHA has merged with Edinburgh-based accountancy firm Geoghegans

6 Feb 2024

Careers

Image for fraud cases over ps100k almost exceed ps1bn

Business | Fraud cases over £100k almost exceed £1bn

The total amount of fraud cases of over £100,000 in 2023 surpassed the number in 2022, with the public sector taking the biggest hit

6 Feb 2024

Law & Guidance

Image for auto enrolment threshold frozen ps10k

Finance | Auto enrolment threshold frozen at £10k

Auto enrolment pension thresholds for 2024-25 will remain at current levels, with the initial earnings figure of £10,000 unchanged

6 Feb 2024