Business &amp; Accountancy Daily

Image for pastor accused financial misconduct faces deportation

Business | Pastor accused of financial misconduct faces deportation

The pastor of a church wound up over two years ago for failing to provide evidence about the provenance of £1.87m sent from the charity’s bank accounts will be deported

5 Dec 2024

Finance | CPD module: FRS 102 and small company disclosures

In this month’s exclusive free CPD module, learn how to deal with FRS 102 and small company disclosures

5 Dec 2024

Tax | Parkrunner inheritance battle rages over £600k house

Cathryn Culverhouse, partner at DMH Stallard considers the implications of a bitter legal battle between a husband and his stepchildren over inheritance of house and how a life interest trust could have helped

4 Dec 2024

Tax

Inheritance Tax

Case Reports

Image for scottish budget raises tax thresholds middle earners

Tax | Scottish Budget raises tax thresholds for middle earners

Low and middle earners in Scotland will benefit from increased tax thresholds from the new tax year in April 2025, but second home owners will be hit by tax hike

4 Dec 2024

Tax | Covid fraud commissioner hired to tackle pandemic fraud

The newly appointed Covid counter-fraud commissioner will earn £84,000 a year, reporting directly to Chancellor Rachel Reeves

4 Dec 2024

Tax

HMRC

Law and Regulation

Tax | Gary Lineker settles with HMRC over £4.9m tax bill

HMRC has confirmed that it has settled the long-running IR35 tax case with Gary Lineker over a £4.9m tax liability over BBC and BT Sport presenting work

4 Dec 2024

Tax

HMRC

Case Reports

Image for online seller tax uproar inaccurate

Tax | Online seller tax uproar ‘inaccurate’

HMRC ‘cannot be clearer’ that the sharing of data between online platforms and HMRC from January 2025 is not the beginning of a new tax

4 Dec 2024

Business | Firework trader jailed after forging court letters

Birmingham director has been jailed after faking court documents and failing to pay £500,000 to HMRC and creditors

4 Dec 2024

Image for accountants ark aurora rebrands ark co

Business | Accountants Ark Aurora rebrands as Ark & Co

Birmingham accountancy firm has rebranded as Ark & Co and brought in a finance and banking specialist to head up leadership team

4 Dec 2024

Accountancy Firms

HR

Leadership & Management

Image for tax filing deadlines dec 2024 mar 2025

Tax | Tax filing deadlines: Dec 2024 to Mar 2025

Deadline for online personal tax returns for 2023–24 if taxpayer wants tax underpayment collected via PAYE

4 Dec 2024

Business | Will AI signal end of billable hours for accountancy firms?

The rise in the use of artificial intelligence in accounting could hit billable hours, but fixed fees could be the best alternative, argues Alex Smith, global search & AI lead, iManage

3 Dec 2024

Tax | Alcohol importer’s £25m VAT case sent back to FTT

Judges have sent back an alcohol importer’s appeal over a multimillion VAT case to the First Tier Tribunal (FTT)

3 Dec 2024

Business | Church fraudster jailed for £1.5m Gift Aid scam

The former accountant of a children’s charity and head pastor of a community church have been jailed after convincing 10 churches to make fraudulent Gift Aid claims

3 Dec 2024

Image for audit fees top 500 businesses jump 14 ps145bn

Finance | Audit fees for top 500 businesses jump 14% to £1.45bn

The amount of audit fees paid by the UK’s 500 largest businesses rose 14% to £1.45bn in 2024, marking a 29% increase in audit fees in just two years

3 Dec 2024

Finance

Auditing

Corporate Governance

Image for lord mayor urges pm support city through tax policy

Business | Lord Mayor urges PM to support City through tax policy

The Lord Mayor of London, Alistair King, has told the PM that the City ‘strongly welcomes’ the government’s direction on growth but that it was not ‘going far enough or fast enough’

3 Dec 2024

Image for hmrc side hustler tool check whether tax owed

Tax | HMRC side hustler tool to check whether tax owed

HMRC has created a tool to help people running side hustles to work out whether they are liable for income tax on additional earnings

3 Dec 2024

Business | James Dow to step down as CEO of Dow Schofield Watts

James Dow, co-founder and CEO of Dow Schofield Watts, is set to step down as CEO in April 2025 but will remain on the board

3 Dec 2024

Leadership & Management

Image for iris acquire ps47m dext software business

Business | IRIS to acquire £47m Dext software business

Accounting software provider IRIS plans to acquire Dext through a private equity backed deal, creating a business with combined UK revenue of £200m

3 Dec 2024

AI & Technology

Image for accountancy ethics and misconduct risks

Business | Accountancy ethics and misconduct risks

With changes to the ICAEW Code of Ethics due in the new year, partners Julie Matheson and Caroline Day at Kingsley Napley explain the key issues to consider

3 Dec 2024