Business &amp; Accountancy Daily

Business Tax

Politics

Image for third calls hmrc handled automated service

Tax | Third of calls to HMRC handled by automated service

In the busy self assessment period in January, HMRC redirected over a third of calls to automated systems, while 841,000 calls were not answered

18 Mar 2024

HMRC

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Finance | Government AI tool focuses on dormant companies

The government’s artificial intelligence (AI) fraud detection tool has been upgraded to include new data on thousands of dormant companies

18 Mar 2024

Financial Reporting

Law and Regulation

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Finance | Trial of ex Autonomy boss over accounting charges starts

Former Autonomy CEO Mike Lynch is in court in San Francisco to face charges over whether the company inflated revenue and earnings before the sale to HP

18 Mar 2024

Financial Reporting

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Business | 17% hike in insolvencies as ‘debt storm breaks’

Tough trading conditions have seen the number of company insolvencies in February shoot up to 2,102, 17% higher than a year ago and nearly double pre-pandemic figures

15 Mar 2024

Restructuring & Insolvency

Companies

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Tax | Registration rules for high risk trusts face overhaul

The government is planning to change the reporting requirements for trusts filing on the Trust Registration Service and introduce a de minimis tax threshold

15 Mar 2024

Consultations

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HR | People in the news: Blick Rothenberg, DSW, Mazars

In this week’s accountancy career moves, partner promotions and hires at Grant Thornton, RSM, Dow Schofield Watts, Blick Rothenberg, DLA Piper, DNG Dove Naish, Mazars

15 Mar 2024

Careers

Leadership & Management

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Business | R&D tax firm RDI Solutions calls in insolvency firm

RDI Solutions has called in insolvency practitioners and told clients they will have to wait a month for any kind of update

15 Mar 2024

Restructuring & Insolvency

Accountancy Firms

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Tax | Post Office compensation payments tax-free

The Treasury has confirmed that no tax will be due on compensation for Post Office workers with overturned convictions

15 Mar 2024

Tax Compliance

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| KPMG enhances AI audit capacity with Databricks deal

KPMG UK plans to roll out enhanced AI functionality to the audit practice following a strategic alliance with Databricks, a data and artificial intelligence (AI) specialist

15 Mar 2024

Auditing

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Business | Contractor Bureau fails to tax staff pay

A London based umbrella company targeting contractors has been promoting tax avoidance schemes using untaxed bonuses and advances

15 Mar 2024

Called to Account

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| April changes to minimum wage and sick pay

Statutory sick pay, maternity and national minimum wage are all set to change from April, we explain the key changes

15 Mar 2024

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Finance | IASB set to improve disclosure rules about acquisitions

The International Accounting Standards Board (IASB) plans to reform the accounting rules to make reporting on acquisitions more transparent

15 Mar 2024

Audit Consultations

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Finance | Sign up for webinar on company reporting red flags

Sign up for the Croner-i webinar on private company reporting tips and advice on 19 March

15 Mar 2024

Financial Reporting

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Tax | HMRC to launch MTD for income tax pilot on 22 April

HMRC will launch the first pilot for agents and accountants to trial out the Making Tax Digital for Income Tax Self Assessment reporting environment next month

14 Mar 2024

Tax | NIC abolition will be ‘work of many parliaments’

Plans to abolish national insurance came under scrutiny when Chancellor Jeremy Hunt faced MPs on the Treasury Committee yesterday about the ‘double taxation on work’

14 Mar 2024

Business | Thurrock Council sues director over £655m solar investment

The former director of a failed solar farm investment scheme which left Thurrock Council bankrupted is being taken to court

14 Mar 2024

Law & Guidance

Called to Account

Image for ex bhs owner chappell recalled prison

Business | Ex-BHS owner Chappell recalled to prison

The former owner of BHS, Dominic Chappell has been recalled to prison after breaching his parole conditions

14 Mar 2024

Law & Guidance

Called to Account

Image for government will not reveal number people dragged nics

Tax | Government will not reveal number of people dragged into NICs

Conservative MPs have voted down a Liberal Democrat amendment to the National Insurance Contributions Bill requiring disclosure of how many people will have to pay NICs for the first time due to fiscal drag

14 Mar 2024