Business & Accountancy Daily

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Image for nottingham forest ps350k vat appeal kicked out

Tax | Nottingham Forest £350k VAT appeal kicked out

In a win for HMRC, Nottingham Forest Football Club has lost an appeal against assessments for a historic VAT under-declaration

28 May 2024

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Business | What accountants need to know: NDAs

Sophie Freeman, lawyer at The Legal Director, says it is essential for accountants to ensure non disclosure agreements (NDAs) with clients are correctly constructed and drafted

28 May 2024

Accountancy Firms

Image for uk and swiss partners approve kpmg merger

Business | UK and Swiss partners approve KPMG merger

Over 900 KPMG partners in the UK and Switzerland have voted overwhelmingly in favour of merging their partnerships, naming UK boss as group CEO

28 May 2024

Accountancy Firms

Leadership & Management

Image for bitcoin fraudster jailed ps18bn scam

Business | Bitcoin fraudster jailed for £1.8bn scam

Former takeaway worker finally jailed after being found guilty of money laundering of billions of pounds worth of Bitcoin

28 May 2024

Called to Account

Image for conservatives set out ps24bn tax cut pensioners

Tax | Conservatives set out £2.4bn tax cut for pensioners

If the Conservatives win the election, thousands of pensioners will see their taxes cut as the PM Rishi Sunak promises to increase their tax free allowance

28 May 2024

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Finance | Non-profit accounting guidance out for consultation

Plans to develop the first International Non-Profit Accounting Guidance (INPAG) for non-profits has stepped up a gear with a final consultation

28 May 2024

Audit Consultations

Image for finance no2 act 2024 passed

Tax | Finance (No.2) Act 2024 passed

In the last days of parliament, a final round of debates saw Finance (No.2) Act 2024 approved and given Royal Asset

28 May 2024

Law and Regulation

Tax | Q&A: SDLT on acquisition of a dwelling by a property trader

In this week’s Q&A, our Croner-i tax adviser Ibrahim Nalla unpicks the tax implications when claiming relief on a business property purchase

28 May 2024

24 May 2024

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Business | Championship play-off winner to receive biggest financial prize in football

Sunday will see Leeds and Southampton go head-to-head to fire themselves back into top-tier football with the winner to receive at least £140m

24 May 2024

Image for restaurant owner splashed covid loan jewellery

Business | Restaurant owner splashed Covid loan on jewellery

A Manchester restaurant owner managed to get two Covid loans worth £100,000 to buy expensive jewellery

24 May 2024

Called to Account

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HR | People in the news: Buzzacott, EQ, Grant Thornton

In this week’s accountancy career moves, partner promotions and hires at Grant Thornton, BDO, Buzzacott, Evelyn Partners, EQ Accountants, Sedulo, Ribchesters, FRC

24 May 2024

Leadership & Management

Image for ai improving productivity levels almost five times

Business | AI is improving productivity levels almost five times

Sectors that have been open to AI in the workplace are seeing a 4.8x surge in productivity levels

24 May 2024

Accountancy Firms

AI & Technology

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Business | Accountancy staff call for five changes to their perk packages

55% of employers are looking to use other incentives to retain staff other than pay increases and better salaries, according to Robert Half

24 May 2024

Accountancy Firms

Image for moore thompson merges jackson grimes

Business | Moore Thompson merges with Jackson & Grimes

In a strategic move, East of England accountancy firm, Moore Thompson, has joined forces with local firm Jackson & Grimes

24 May 2024

Accountancy Firms

Leadership & Management

Image for how apply new right carers leave

Business | How to apply the new right to carer’s leave

New carer rights for employees need to be considered as short notice requests could impact business operations, expain advisers at CIPD HR-inform

24 May 2024

Accountancy Firms

23 May 2024

Image for two thirds mid tier firms dont want private equity investment

Business | Two thirds of mid-tier firms don’t want private equity investment

The majority of bosses of mid-tier accountancy firms view private equity investment as one of the top disruptors to the future of the profession

23 May 2024

Accountancy Firms

Leadership & Management

Image for apostle accounting collapsed owing hmrc ps202k

Tax | Apostle Accounting collapsed owing HMRC £202k

The offices of tax rebate firm Apostle Accounting have been raided by police as part of a fraud investigation

23 May 2024

Image for tax refund scammers target iphone users

Tax | Tax refund scammers target iPhone users

Owners of iPhones are being warned to watch out for scam texts about scurrilous tax refunds that cannot be blocked by the user

23 May 2024

Image for taxpayer loses ps6k high income child benefit case

Tax | Taxpayer loses £6k high income child benefit case

HMRC has won an appeal at tribunal related to a £6,000 high income child benefit charge (HICBC) and penalty incurred due to his company car

23 May 2024

Image for parents must reclaim child benefits 16

Business | Parents must reclaim child benefits for 16+

HMRC has warned 1.4m parents to extend child benefit claims if their children plan to remain in full-time education after GCSEs

23 May 2024

Accountancy Firms

Image for warning scam letters impersonating companies house

Finance | Warning on scam letters impersonating Companies House

Scammers are targeting business owners using a letter asking for a £48 payment to access enhanced web filing on the Companies House register

23 May 2024

Financial Reporting

Image for two thirds finance workers have suspected internal fraud

Business | Two thirds of finance workers have suspected internal fraud

The majority of accountants and finance professionals have suspicions about internal fraud but have not reported it to their bosses out of fear

23 May 2024

Accountancy Firms

Image for covid fraudster spent bounce back loan bmw

Business | Covid fraudster spent bounce back loan on BMW

A £50,000 bounce back loan was granted to a fictitious company director who claimed to be turning over £255,000

23 May 2024

Called to Account

Image for accounting taxonomy be updated ifrs 18 rollout

Finance | Accounting taxonomy to be updated for IFRS 18 rollout

The International Accounting Standards Board (IASB) plans to amend the IFRS Accounting Taxonomy to reflect new disclosure requirements in IFRS 18

23 May 2024

Audit Consultations