Business & Accountancy Daily

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Image for qa tax implications when working abroad half year

Tax | Q&A: tax implications when working abroad half of year

In this week’s Q&A, Julian Payne, tax adviser at Croner-i, explains what expenses can be claimed when a self employed person spends some of their year running a business overseas

30 Apr 2024

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Tax | Are loanbacks back on the agenda for SMEs?

As lending for smaller businesses is harder to secure, Doug Ryan, wealth management director at Mattioli & Woods explains the pros and cons of accessing funding through a small self-administered pension scheme and the tax issues

30 Apr 2024

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Business | Artwork and £400k in gold seized from money launderer

Gold bullion and an Auerbach painting worth millions of pounds has been taken out of criminal hands as a result of a National Crime Agency (NCA) investigation

30 Apr 2024

Called to Account

Image for hmrc wrongly refunding some voluntary class 2 nic payments

Tax | HMRC wrongly refunding some voluntary Class 2 NIC payments

A delay by HMRC in processing self assessment tax returns for self employed taxpayers has resulted in the refund of some Class 2 national insurance contribution (NIC) payments by mistake

30 Apr 2024

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Tax | Paris hotel tax hike for Olympics

Visitors planning to head to Paris for this summer’s Olympics will see a threefold hike in the overnight tax charge for hotels

30 Apr 2024

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HR | Autism and the workplace: making a career in accountancy

Opening up accounting to a more diverse talent pool is critical, and autism is no barrier to success as Joshua Barlow’s inspiring personal story shows after embarking on AAT qualifications

30 Apr 2024

Leadership & Management

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Tax | Walkers to appeal VAT ruling on poppadoms

Crisp giant Walkers plans to appeal tribunal decision on VAT status of Sensations Poppadoms

30 Apr 2024

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Business | Staff costs hit £49.5m at IFRS Foundation

The number of staff at the IFRS Foundation has soared as it opens more international offices, expands remit with sustainability standards and begins some major accounting projects

30 Apr 2024

Accountancy Firms

Leadership & Management

Image for ex man city footballer benjamin mendy settles ps710k tax bill

Tax | Ex Man City footballer Benjamin Mendy settles £710k tax bill

Following the threat of bankruptcy over an unpaid tax bill, former Manchester City footballer has settled the total amount with HMRC

30 Apr 2024

29 Apr 2024

Image for hmrcs changes salaried member rules llps

Tax | HMRC’s changes to salaried member rules for LLPs

Amendments to HMRC guidance for salaried LLP members when altering their capital contributions raise some red flags, warns Mike Hodges, tax partner at Saffery

29 Apr 2024

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Business | Forecasting time reduced to less than a week with AI

Medivet financial reporter states the use of artificial intelligence (AI) has reduced his forecasting process from a 46-day period to just six

29 Apr 2024

AI & Technology

Image for hmrc online tool check national insurance shortfalls

Tax | HMRC online tool to check national insurance shortfalls

Anyone with gaps in their national insurance payments dating back to 2006 will be able to check online using a new HMRC tool to see if they need to make additional contributions

29 Apr 2024

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Business | Saffery to relocate Edinburgh office

Saffery LLP has signed a lease to move its team in Edinburgh to a flagship development on 9 Haymarket Square later this year

29 Apr 2024

Accountancy Firms

Leadership & Management

Image for two more software providers sign mtd trial

Tax | Two more software providers sign up to MTD trial

HMRC has confirmed that Apari and Thomson Reuters have joined the Making Tax Digital for Income Tax trial bringing the total to seven software companies

29 Apr 2024

Making Tax Digital

Image for corporate hospitality company shut down ps500k fraud

Business | Corporate hospitality company shut down in £500k fraud

A fake corporate hospitality agency targeting companies with last-minute booking cancellations to major sports events, never supplied tickets for packages and failed to pay any VAT

29 Apr 2024

Called to Account

Image for film finance boss alison cornwell named icas president

HR | Film finance boss Alison Cornwell named ICAS president

The Institute of Chartered Accountants of Scotland (ICAS) has appointed highly experienced film CFO Alison Cornwell CA as president

29 Apr 2024

Leadership & Management

Image for pre pack rescue worcester warriors finalised

Business | Pre-pack rescue of Worcester Warriors finalised

Following a torrid 18 months and almost certain collapse, Worcester Warriors Rugby Club has been rescued in a last minute deal

29 Apr 2024

Restructuring & Insolvency

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Finance | AAB Group launches ESG division

In a bid to support businesses to integrate sustainability principles into their operations private equity backed AAB Group has set up a dedicated ESG team

29 Apr 2024

ESG & Sustainability

26 Apr 2024

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HR | How accountancy firms can promote more women to the board

When two women were shortlisted for the top job at PwC, there were hopes the glass ceiling could be broken, but this wasn’t to be. Professor Geeta Nargund, chair of The Pipeline, looks at how to support women partners to reach the top roles

26 Apr 2024

Leadership & Management

Image for probate manager jailed stealing ps634k wills

Business | Probate manager jailed for stealing £634k from wills

A probate manager for two law firms pleaded guilty to fraud after transferring £634,000 from clients wills to her friend

26 Apr 2024

Called to Account

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Business | Energy standing charges for SMEs too high

Ofgem is failing to take action as the soaring price of electricity and gas standing charges hits small companies hard with some costs going up over 1,000%

26 Apr 2024

Accountancy Firms

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Business | ‘Extraordinary’ drop in insolvency figures in March

There were 1,815 company insolvencies in March, 300 less than February although the number is up on pre Covid figures once again

26 Apr 2024

Restructuring & Insolvency

Image for cumbria construction boss jailed ps60k fraud

Business | Cumbria construction boss jailed for £60k fraud

A property developer has been jailed for defrauding a pensioner out of £60,000 by siphoning off his investment in a proposed housing development after a string of director bans

26 Apr 2024

Called to Account

Image for pwc partner marco amitrano replace kevin ellis

HR | PwC partner Marco Amitrano to replace Kevin Ellis

PwC has elected Marco Amitrano as senior partner, taking over from Kevin Ellis who is stepping down after eight years having more than doubled revenue at the Big Four firm

26 Apr 2024

Leadership & Management

Image for k magill and co joins xeinadin northern ireland

Business | K Magill and Co joins Xeinadin in northern Ireland

Private equity backed Xeinadin continues acquisition trail in northern Ireland with K Magill and Co deal

26 Apr 2024

Accountancy Firms

Leadership & Management

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Business | Accountancy firms must increase spend on training

Investment in training and develoopment is critical to reduce the levels of attrition and retain staff at accountancy firms

26 Apr 2024

Accountancy Firms

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Business | Becoming a real Living Wage employer

Employers accredited by the Living Wage Foundation have until 1 May 2024 to increase pay to the real Living Wage

26 Apr 2024

Accountancy Firms

Business | People in the news: Crowe, Hillier Hopkins, Hogg & Thorburn

In this week’s accountancy career moves, partner promotions and hires at BDO, Rawlinson & Hunter, Crowe, Hillier Hopkins, Deloitte, PKF Smith Cooper, Hogg & Thorburn

26 Apr 2024

Accountancy Firms

Leadership & Management