Business & Accountancy Daily | Business & Accountancy Daily

Latest news

Image for top 75 firms trainees survey building talent pipeline

Business | Top 75 Firms Trainees Survey: building a talent pipeline

Accountancy firms are investing nearly £200m in a record number of trainees with graduates and apprentices hitting 25,000 for the first time. Philip Smith reports on a buoyant market

24 Oct 2024

Business

Accountancy Firms

Top 75 Surveys

Image for warning not use llp disguised employment schemes

Tax | Warning not to use LLP disguised employment schemes

HMRC is telling companies not to be tempted to use pseudo limited liability partnerships (LLPs) to pay directors to hide standard employment income as these schemes are tax avoidance

24 Oct 2024

Tax | HMRC staff told to return to office three days a week

Civil servants will have to spend 60% of their time in the office or at business related meetings in a turnaround on government plans for default flexible working

24 Oct 2024

Leadership & Management

Image for welsh fraud driven ps69m benefit and council tax claims

Finance | Welsh fraud driven by £6.9m in benefit and council tax claims

Audit Wales reported a significant rise in fraud to £7.1m in 2022/23, with the majority attributed to fraudulent benefit and council tax claims

24 Oct 2024

Finance

Corporate Governance

Public Sector

Image for bk plus snaps duo scottish firms

Business | BK Plus snaps up duo of Scottish firms

Private equity backed BK Plus has made its first acquisitions in Scotland in deals with Cornerstone Accountants and FourM Accountants

24 Oct 2024

Business

Accountancy Firms

Private Equity

Image for frc releases 2025 uk taxonomy suite

Finance | FRC releases 2025 UK Taxonomy Suite

The Financial Reporting Council has published the 2025 UK Taxonomy Suite including changes to supplier finance arrangements

24 Oct 2024

Business | Wiltshire cleaner jailed for £200k VAT fraud

A fraudster from Chippenham falsely claimed VAT refunds over a three-year period as well as forging documents to change the equity held in a property co-owned by him and his former partner

24 Oct 2024

Business

Called to Account

Tax | Sign up for our Budget webinar

Register for our Autumn Budget webinar on 31 October to find out how the key tax changes affect your business and clients

24 Oct 2024

Tax

Budget

Business | CGT Budget speculation triggers surge in reconstruction enquiries

With capital gains tax rises one of the biggest worries for businesses before the Budget, Daniel Martin, tax advisory lead at Croner-i VIP Tax Team, looks at various tax election options

23 Oct 2024

Tax | Solicitor wins £16k VAT dispute after HMRC error

A self-employed solicitor won her VAT penalty appeal due to incorrect advice from an HMRC advisor, as well her bookkeepers providing the wrong information

23 Oct 2024

Finance | Mirriad hires Cooper Parry for £148k listed audit

Listed Mirriad Advertising plc has swapped auditors, dropping Big Four firm PwC for private equity backed Cooper Parry

23 Oct 2024

Finance

Auditing

Corporate Governance

Image for londoners pay 27 total uk income tax

Tax | Londoners pay 27% of total UK income tax

London and the southeast of England pay more than a third of annual income tax, with Kensington & Chelsea, Elmbridge in Surrey and northeast Cheshire topping the list

23 Oct 2024

Tax

Personal Tax

HMRC

Image for deloitte cuts 250 jobs uk office

Business | Deloitte cuts 250 jobs at UK office

Deloitte is the latest Big Four firm to reduce staff numbers as several hundred underperforming employees leave the business

23 Oct 2024

Business | First Code of Conduct for Directors emphasises integrity

The Institute of Directors has launched the first Code of Conduct for Directors to improve corporate governance with a focus on integrity and transparency

23 Oct 2024

Business | Just 14% of UK accountants confident about economy

A startling 86% of accountants are either feeling negative about the economic future or neutral leaving less than one in five accountants upbeat

23 Oct 2024

Business

Companies

Accountancy Firms

Business | Accountants must improve risk-based controls, warns Companies House

Tougher controls at Companies House will reduce abuse of the company register after criticism of how easy it is to set up companies in the UK

23 Oct 2024

Business

Companies

Image for human decision making caused horizon accounting scandal

Business | ‘Human decision-making’ caused Horizon accounting scandal

The Institute of Directors blames poor governance and a lack of boardroom oversight at the Post Office for ‘one of the worst scandals in UK corporate and legal history’

22 Oct 2024

Tax | Q&A: claiming Gift Aid relief on your tax return

In this week’s Q&A, Julian Payne ATT, tax advisor at Croner-i, explains how to claim Gift Aid tax relief to reduce your tax bill when completing self assessment

22 Oct 2024

Business | Companies face £5bn annual bill for upgraded employee rights

Day one employment rights will cost businesses up to £5bn a year to implement and operate, hitting hospitality, retail and social care the hardest

22 Oct 2024

Tax | Tax and NICs receipts up over £11bn

As the ‘painful’ Budget draws closer tax take climbs despite the 4% reduction National Insurance contributions (NICs) introduced by the previous government

22 Oct 2024

Business | FCA cracks down on social media influencers

Hundreds of finfluencers have gained traction sharing financial and tax advice, and promoting investment platforms but the Financial Conduct Authority (FCA) is now sending a ‘loud message’

22 Oct 2024

Business

Called to Account