Business & Accountancy Daily

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Image for regulator slates auditors bdo and forvis mazars

Finance | Regulator slates auditors at BDO and Forvis Mazars

Mid-tier firms BDO and Forvis Mazars have been heavily criticised by the regulator in the annual AQI for the quality of their audit work, which fell ‘significantly below expectations’

30 Jul 2024

Finance

Auditing

Corporate Governance

Image for non doms face inheritance tax charges

Tax | Non doms face inheritance tax charges

Non doms will see a harsh tax environment from next year with Labour plans to clamp down on the ‘outdated’ tax advantage and overhaul their inheritance tax liability

30 Jul 2024

Tax | Tax breaks under R&D intensive support scheme for SMEs

Richard Edwards, CEO of R&D Community, explains how the targeted research and development scheme known as ERIS works for loss making SMEs

30 Jul 2024

Tax

Business Tax

Tax Planning

Image for aqi 2024 kpmg makes notable turnaround audit work

Finance | AQI 2024: KPMG makes 'notable' turnaround in audit work

KPMG has overhauled its audit business after intensive remedial action in the last three years, with FRC inspectors noting a consistent improvement in audit work

30 Jul 2024

Finance

Auditing

Corporate Governance

Image for aqi 2024 ey needs focus audit consistency

Finance | AQI 2024: EY needs to focus on audit consistency

EY needs to develops its use of effectiveness measures to ensure it maintains a high level of audit quality and maintains consistency in audit work

30 Jul 2024

Finance

Auditing

Corporate Governance

Image for aqi 2024 deloitte must avoid potential conflicts interest

Finance | AQI 2024: Deloitte must avoid potential conflicts of interest

Deloitte outperformed other Big Four firms but needs to improve global conflict management system

30 Jul 2024

Finance

Auditing

Corporate Governance

Image for auditors working 70 hours week

HR | Auditors working up to 70 hours a week

Audit staff are putting in excessive hours and a lack of work life balance is the main reason people quit the profession

30 Jul 2024

Work

Careers

Leadership & Management

Image for hike windfall tax tax breaks abolished

Tax | Hike in windfall tax as tax breaks abolished

The rate of windfall tax on energy giants will go up to 38% in November and most tax breaks will be removed

30 Jul 2024

Tax

Business Tax

Tax Compliance

Image for 320k mortgage holders pushed poverty warns ifs

| 320k mortgage holders pushed into poverty, warns IFS

Thousands of households remortgaging since interest rate hikes in 2022 have seen their income drop significantly putting them at risk of falling into poverty

30 Jul 2024

Business & Accountancy Daily

Latest news

Finance | Regulator slates auditors at BDO and Forvis Mazars

Tax | Non doms face inheritance tax charges

Tax | Tax breaks under R&D intensive support scheme for SMEs

Finance | AQI 2024: KPMG makes 'notable' turnaround in audit work

Finance | AQI 2024: EY needs to focus on audit consistency

Finance | AQI 2024: Deloitte must avoid potential conflicts of interest

HR | Auditors working up to 70 hours a week

Tax | Hike in windfall tax as tax breaks abolished

| 320k mortgage holders pushed into poverty, warns IFS

Finance | AQI 2024: PwC audit teams need to avoid inconsistency

Business | Care home recruiters evaded £35m in tax

Business | Fraudster invoked HMRC account freeze in £360k fraud

29 Jul 2024

| VAT on school fees from January 2025

Tax | Pension annual allowance: how to avoid a tax inquiry

Tax | Tax clampdown on private equity investors gets greenlight

Tax | Furnished holiday lets face tax hike from April

Tax | ‘Chilling’ decision to abolish winter fuel payment

Tax | First Labour Budget set for 30 October

Tax | HMRC sends 140k pensioners tax bills

Business | ‘Miserable fantasist’ fraudster struck off again

Business | Failed FTX crypto investors will see claims paid in full

Tax | Businesses want tax certainty, not constant change

Business | Streets merges with Andrew Wright & Co

Finance | Regulator set to review broken NHS audit market

Business | HMRC losing patience with companies failing to pay tax

26 Jul 2024

Tax | Lycamobile faces £51m VAT bill over bundled charges

HR | Job interview tips and red flags to watch out for

Business | Revolut given UK banking licence

Business | BBC presenter jailed for £120k power of attorney theft

| Third of local council’s face ‘colossal financial challenges’

Business | Crowe joins Hidden Disabilities Sunflower network

Business | FCA fines crypto trading platform £3.5m for lax controls

HR | People in the news: Crowe, Clive Owen, BDO

Business | What sexual harassment duty for employers means