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Image for hw delays accounts over ps13m revenue recognition issue

Finance | H&W delays accounts over £13m revenue recognition issue

AIM listed Harland & Wolff Group Holdings plc has delayed release of annual accounts due to disagreements with auditor PKF Littlejohn over accounting treatment of contracted revenue

1 Jul 2024

Finance

Financial Reporting

IFRS

Image for air passenger duty soars ps385bn

Tax | Air passenger duty soars to £3.85bn

The aviation sector has bounced back after huge setbacks through the pandemic as the total receipts from air passenger duty (APD) return to pre-pandemic levels

1 Jul 2024

Tax

Business Tax

HMRC

Image for company car use accelerated ev tax breaks

Tax | Company car use accelerated by EV tax breaks

Favourable tax breaks for companies giving staff electric vehicles (EVs) have caused a surge in take up of electric options, with a 76% jump in EVs since 2022

1 Jul 2024

Business | Lincolnshire couple jailed for £95k fraud

A finance management duo ‘abused their position’ to overpay themselves almost £100,000 by stealing money from their employer

1 Jul 2024

Business

Law & Guidance

Called to Account

Image for lawyers cleared panama papers trial

Tax | Lawyers cleared in Panama Papers trial

The Panama Court has acquitted the defendants in the trial over allegations of money laundering related to the Panama Paper tax disclosures

1 Jul 2024

Tax

Tax Planning

Case Reports

Business | R T Marke & Co snaps up Kirk Hills

Private equity-backed R T Marke & Co Chartered Accountants has acquired Exeter practice, Kirk Hills Chartered Accountants

1 Jul 2024

Business

Accountancy Firms

Careers

Leadership & Management

Image for labour block school fee vat loophole

Tax | Labour to block school fee VAT loophole

Many parents sending their children to private school would be looking to pay the fees in full for future school years to save costs but Labour has a plan for this

28 Jun 2024

Tax

Politics

Image for restaurant owner has ps39k covid furlough payments reversed

Tax | Restaurant owner has £39k Covid furlough payments reversed

15 Coronavirus Job Retention Scheme (CJRS) claims have been clawed back by HMRC because the staff were not registered correctly under PAYE in time

28 Jun 2024

HR | People in the news: Forvis Mazars, Gildernew & Co

In this week’s accountancy career moves, partner promotions and hires at Forvis Mazars, Saffery and Gildernew

28 Jun 2024

Business

Careers

Leadership & Management

Image for q1 sees biggest gdp growth two years

| Q1 sees biggest GDP growth in two years

Gross domestic product (GDP) was predicted to grow 0.6% in the first quarter, but minimally surpassed this following a 0.3% drop the previous quarter

28 Jun 2024

Business

Image for internal auditors becoming increasingly concerned about ai

Business | Internal auditors becoming increasingly concerned about AI

Artificial intelligence (AI) is causing growing concerns that it will lead to an influx of cyber-crime with 78% of chief internal auditors believing cyber-security is most at risk

28 Jun 2024

Business

AI & Technology

Image for household disposable incomes grow ps140 year 14 years

| Household disposable incomes grow by £140 a year in 14 years

Since the Conservative Party has been in power the average household disposable income has grown by just 0.5% a year

28 Jun 2024

Business

Image for how improve retention accountants

HR | How to improve retention of accountants

With high demand for accountants and a constant battle for talent, Rae Chowdhury, regional director at CoachHub looks at how to improve retention levels

28 Jun 2024

Business

Careers

Leadership & Management

Image for 44m taxpayers be dragged higher tax brackets 2024

Tax | 4.4m taxpayers to be dragged into higher tax brackets in 2024

The number of additional rate taxpayers will surpass 1m for the first time as tax thresholds stay firmly frozen

27 Jun 2024

Business | Humanising AI for the future

Lisa Miles-Heal, CEO of Silverfin, believes leaders will need to adapt their artificial intelligence (AI) strategy for a world where everyone can be good at everything

27 Jun 2024

Business | Benefit fraudsters jailed for stealing £720k of taxpayers money

Couple stopped from leaving the country with £62,000 of taxpayers money hidden in their clothing

27 Jun 2024

Business

Law & Guidance

Called to Account

Image for cgt penalty warning one transactions

Tax | CGT penalty warning for one-off transactions

With speculation that there may be changes to capital gains tax (CGT) rates in the future, some may be considering accelerating a transaction or disposal

27 Jun 2024