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Business | How to raise private equity funding for accountancy firms

With private equity money pouring into the accountancy sector, how do partners know if it is the right answer for their firm, asks Simon Read, managing director, Accountants for Sale

22 Jul 2024

Business

Accountancy Firms

Private Equity

Image for hmrc warns exploitation workplace nursery tax rules

Tax | HMRC warns of exploitation of workplace nursery tax rules

HMRC has issued a reminder to employers to ensure that they meet the rules on workplace nurseries to avoid exploiting the tax break

22 Jul 2024

Finance | ICAEW to fund audit body to restore trust in auditors

The Centre for Public Interest Audit (CPIA) has been set up and funded by ICAEW to improve trust in the audit profession and enhance audit quality

22 Jul 2024

Finance

Auditing

Corporate Governance

Image for brothers narrowly avoid jail ps32m offshore tax scam

Tax | Brothers narrowly avoid jail for £3.2m offshore tax scam

Two property developers have avoided jail sentences after HMRC found they had evaded tax on the sale of a plot of land

22 Jul 2024

| OBR cannot intervene in temporary fiscal decisions

The newly elected Prime Minister was telling the truth when he said ‘the work of change begins immediately’ as the Budget Responsibility Bill is introduced

22 Jul 2024

Business

Image for growth and skills levy replace apprenticeship levy

Tax | Growth and skills levy to replace apprenticeship levy

The government has set out initial plans for the creation of Skills England and replacement of the apprenticeship levy to address ‘fragmented’ training system

22 Jul 2024

Tax

Politics

Image for 600k companies face significant financial problems

Business | 600k companies face ‘significant’ financial problems

The number of businesses facing serious financial distress is up by a third on the same time last year with over 600,000 struggling

22 Jul 2024

Business

Restructuring & Insolvency

Image for frc reduces reporting uk stewardship code

Finance | FRC reduces reporting for UK Stewardship Code

The Financial Reporting Council (FRC) has made immediate changes to the UK Stewardship Code to reduce the reporting burden for signatories

22 Jul 2024

Finance

Financial Reporting

Image for microsoft it outage hits payroll runs

Business | Microsoft IT outage hits payroll runs

A global Microsoft IT outage could impact company payroll and ability for businesses across the UK to pay staff but cyber attack ruled out

19 Jul 2024

Tax | GE loses ‘ridiculous’ £189m double tax relief dispute

The Court of Appeal has ruled in favour of HMRC over a historic dispute with GE Financial Investments over a disputed claim for £189m in double tax relief

19 Jul 2024

Tax

Case Reports

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Business | Third of accountants not allowed music at work

Over half of accountants say they feel stressed at work and playing music could relieve some tension according to the 27% of accountants that work in silence

19 Jul 2024

Business

Accountancy Firms

Image for hmrc worker only has repay ps1 ps300k fraud

Business | HMRC worker only has to repay £1 for £300k fraud

A former employee of HMRC was sentenced to two years in prison in 2023 and has now been ordered to pay back just £1 of the £300,000 she stole

19 Jul 2024

Business

Called to Account

Image for deloitte opens first european training campus

Business | Deloitte opens first European training campus

Big Four firm Deloitte has made a significant investment in training with the opening of its first European-based training campus in eastern Paris

19 Jul 2024

Business

Companies

Accountancy Firms

Image for national insurance cuts do not dent ps195bn personal tax bill

Tax | National insurance cuts do not dent £195bn personal tax bill

Despite two cuts in national insurance this year, income tax take is on the rise, with PAYE income tax and NICs up £2.5bn in first three months of the tax year

19 Jul 2024

Business | Is it worth signing up for an accountancy internship?

Forvis Mazars director of people explains why it is running a paid internship programme for graduates this summer, how it works and the benefits of the buddy system

19 Jul 2024

HR | People in the news: BDO, Carpenter Box, Hurst

In this week’s accountancy career moves, partner promotions and hires at BDO, Carpenter Box, UHY Hacker Young, PKF Littlejohn Advisory, Hurst, Markel Tax, PKF Smith Cooper, Bridgemere

19 Jul 2024

Business

Careers

Leadership & Management

Image for taxpayer must disclose all offshore bank details hmrc

Tax | Taxpayer must disclose all offshore bank details to HMRC

A director has been given some leeway at a tax tribunal after judge ruled that HMRC could not ‘conduct an on-the-spot enquiry’

18 Jul 2024

Tax | Liz Truss hits back at King’s Speech ‘personal’ attack

A section of the King’s Speech document included the former Prime Minister’s name three times advising not to make the same ‘mistakes’ of her mini budget

18 Jul 2024

Tax

Politics

Image for financially stressed plastic surgery group collapses

Business | Financially stressed plastic surgery group collapses

A heavily indebted nationwide network of plastic surgery clinics has stopped trading after failing to secure additional funding, leaving suppliers unpaid

18 Jul 2024

Business

Restructuring & Insolvency

Image for kings speech fails address needs smes

Tax | King’s Speech fails to address needs of SMEs

Small businesses and the self-employed were not targeted in the raft of measures announced in the King’s Speech despite Labour's focus on economic growth

18 Jul 2024

Business | BDO sets date for London office move to M Building

BDO has signed a long-term lease for a new UK headquarters at The M Building, Marylebone Lane, situated in the heart of London’s West End

18 Jul 2024

Business

Accountancy Firms

Leadership & Management

Image for hmrc clarifies cis payment deduction statement

Tax | HMRC clarifies CIS payment deduction statement

In future, HMRC helplines will no longer deal with requests for payment deduction statements (PDS) for the Construction Industry Scheme

18 Jul 2024

Business | Builder struck off after faking £250k turnover figure

A Romford builder has been banned for 11 years after faking his turnover for a £50,000 bounce back loan and withdrawing the whole amount in cash

18 Jul 2024

Business

Called to Account

Image for hot weather and working what think about

Business | Hot weather and working: what to think about

The UK has already had its first taste of a heat wave this year, and if last summer is anything to go by, this is just the beginning of the hot weather

18 Jul 2024

Business

Companies

Image for sumer acquires dpc chartered accountants

Business | Sumer acquires DPC Chartered Accountants

Private equity backed Sumer has expanded its hub network in a deal with Stoke-based DPC Chartered Accountants

18 Jul 2024

Business

Accountancy Firms

Careers

Leadership & Management

Image for ps15m seized money laundering probe

Business | £1.5m seized in money laundering probe

Millions of pounds were being laundered by an organised gang who were also applying for huge government grants before the National Crime Agency (NCA) caught up with them

18 Jul 2024

Business

Called to Account

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Latest news

Business | How to raise private equity funding for accountancy firms

Tax | HMRC warns of exploitation of workplace nursery tax rules

Finance | ICAEW to fund audit body to restore trust in auditors

Tax | Brothers narrowly avoid jail for £3.2m offshore tax scam

| OBR cannot intervene in temporary fiscal decisions

Tax | Growth and skills levy to replace apprenticeship levy

Business | 600k companies face ‘significant’ financial problems

Finance | FRC reduces reporting for UK Stewardship Code

Business | Microsoft IT outage hits payroll runs

Tax | GE loses ‘ridiculous’ £189m double tax relief dispute

Business | Third of accountants not allowed music at work

Business | HMRC worker only has to repay £1 for £300k fraud

Business | Deloitte opens first European training campus

Tax | National insurance cuts do not dent £195bn personal tax bill

Business | Is it worth signing up for an accountancy internship?

HR | People in the news: BDO, Carpenter Box, Hurst

Tax | Taxpayer must disclose all offshore bank details to HMRC

Tax | Liz Truss hits back at King’s Speech ‘personal’ attack

Business | Financially stressed plastic surgery group collapses

Tax | King’s Speech fails to address needs of SMEs

Business | BDO sets date for London office move to M Building

Tax | HMRC clarifies CIS payment deduction statement

Business | Builder struck off after faking £250k turnover figure

Business | Hot weather and working: what to think about

Business | Sumer acquires DPC Chartered Accountants

Business | £1.5m seized in money laundering probe