Business &amp; Accountancy Daily

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Business | Directors being chased by HMRC up 225%

Research from Pinsent Masons shows directors of collapsed companies are being targeted by HMRC for an average of £290,000

20 Sep 2024

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HR | Working from home and monitoring productivity

Working from home is here to stay, it may not work in every organisation or job type, but it has its place

20 Sep 2024

Work

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Business | Deepfake attacks on financial teams on the rise

Over half of senior directors and finance managers expect an increase in the number and scale of deepfake attacks targeting financial and accounting data

20 Sep 2024

Business | Xeinadin seals deal with Clay Shaw Butler

Private equity backed Xeinadin has acquired Carmarthen based accountancy firm Clay Shaw Butler

20 Sep 2024

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HR | People in the news: Sumer, Champion, RSM

In this week’s career moves, partner promotions and hires at Cooper Parry, Evelyn Partners, Sumer NI, RSM, DSW, Forvis Mazars, Kreston Reeves

20 Sep 2024

Careers

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Business | Financial workers most satisfied with work arrangements

Remote work was unavoidable during the pandemic but now there is a shift of companies such as PwC switching to three days in the office and Amazon calling staff in full time from January

20 Sep 2024

Tax | Warning on fake phone calls about undelivered HMRC letters

Scammers are sending taxpayers emails and calling them from UK mobiles telling targets to respond immediately or face legal action

19 Sep 2024

Business | 2.3m working days lost to late payments

The government plans to clamp down on late payments costing small businesses up to £22,000 a year leading to up to 50,000 business collapses

19 Sep 2024

Accountancy Firms

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Business | Shaw Gibbs merges with Alliotts to create £40m firm

Private equity backed Shaw Gibbs Group has expanded its presence in London and Surrey by merging with Alliotts LLP

19 Sep 2024

Business | Interest rates frozen at 5%

The Bank of England has left interest rates unchanged at 5% with eight members of the committee voting for the status quo

19 Sep 2024

Accountancy Firms

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Tax | Side hustle sales reporting could ‘cause chaos for taxpayers’

HMRC needs to ramp up communications to ensure side hustlers are aware that they need file a tax return as up to two million people could be affected

19 Sep 2024

Tax

Personal Tax

HMRC

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Business | Spike in voluntary liquidations ‘out of control’

Tough trading has seen a threefold increase in the use of voluntary liquidations as business owners try to avert winding up petitions

19 Sep 2024

Restructuring & Insolvency

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Business | Access to cash rules see more local banking hubs

Financial Conduct Authority rules to protect access to cash are already having an impact with more locations set to open banking hub

19 Sep 2024

Accountancy Firms

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Finance | Sustainability standards will be endorsed early 2025

The UK plans to endorse the new global sustainability standards, IFRS S1 and S2, by March 2025, with further consultation on application and taxonomy

19 Sep 2024

Tax | Webinar on furnished holiday lets

Sign up for our webinar on the tax changes to furnished holiday lets on 24 September

19 Sep 2024

Tax

Property Tax

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Tax | HMRC assessments invalid after ‘misconstrued’ phone call

There was ‘insufficient evidence’ found by HMRC’s investigating officer leading to an appeal against four years of assessments for nearly £13,000

18 Sep 2024

Tax

HMRC

Case Reports

Image for prager metis fined 745k negligence ftx audits

Finance | Prager Metis fined $745k for negligence in FTX audits

The US regulator has fined Prager Metis $745,000 over misconduct and negligence in its audits of collapsed crypto trading platform FTX

18 Sep 2024

Finance | Tips on complying with 30 September accounts filing deadline

All companies must file annual accounts with Companies House regardless of whether they are dormant or trading. Ollie Garrod ACA looks at how to ensure compliance

18 Sep 2024

Tax | Cyprus fails to tackle aggressive tax avoidance

The European Commission has called out Cyprus over a failure to clamp down on the use of aggressive tax avoidance and plans to withhold vital EU funding

18 Sep 2024

Tax | Beware the tax on cash savings interest

The number of people paying tax on their savings interest is set to hit a record 2.1m this tax year as personal savings allowance fails to keep pace

18 Sep 2024

Business | Inflation stuck at 2.2% as interest rate looms

August inflation figure remains staunchly fixed at 2.2% with double digit hikes in price of airfares hampering return to target

18 Sep 2024

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Business | Tupperware files for Chapter 11 bankruptcy

The owner of the iconic Tupperware brand has filed for Chapter 11 bankruptcy in the US after tough trading conditions

18 Sep 2024

Restructuring & Insolvency

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Business | Body Shop saved by venture capital firm

Six months after going into administration, the ethical beauty retailer The Body Shop has been acquired by venture capital firm Auréa, saving more than 100 shops

18 Sep 2024

Restructuring & Insolvency

Private Equity

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HR | What if unfair dismissal protection becomes a day-one right?

Labour plans to remove the need for qualifying service to bring an unfair dismissal claim, but what does this mean for employers, asks Stacie Cheadle, Croner-i technical writer

18 Sep 2024

Work

Careers