Business &amp; Accountancy Daily

Image for china deal signals more access uk accountants

Business | China deal signals more access for UK accountants

Following the chancellor’s visit to China, there is progress on wider recognition of professional accountancy qualifications in the two countries

13 Jan 2025

Tax | Tax investigations reel in 28% more in 2024

Extra funding for HMRC has raked in £45.7bn in tax probes in 2024, a £10bn rise from the previous year, while over £10bn more in VAT may yet be recovered from large businesses

13 Jan 2025

Finance | Braveheart £63k audit win for niche firm MAH

AIM listed Braveheart Investment Group has hired MAH Chartered Accountants as auditor replacing PKF Littlejohn LLP

13 Jan 2025

Finance

Auditing

Corporate Governance

Image for starmer says chancellor doing fantastic job

Tax | Starmer says Chancellor is doing ‘fantastic job’

At the launch of the government's artificial intelligence (AI) programme, the prime minister was forced to defend Rachel Reeves’ work as Chancellor

13 Jan 2025

Politics

Image for frp advisory expands bournemouth opening

Business | FRP Advisory expands with Bournemouth opening

Business advisory firm FRP has launched a new office in Bournemouth as it continues to invest in expanding its national footprint

13 Jan 2025

Restructuring & Insolvency

Accountancy Firms

Careers

Image for former bank worker jailed ps50k sikh youth charity theft

Business | Former bank worker jailed for £50k Sikh youth charity theft

A sister and brother who ran Midlands based Sikh Youth UK group have been sentenced after after transferring charity funds to 50 personal bank accounts and lying to the charity regulator

13 Jan 2025

Charities

Image for private school vat raises question about rate meals

Tax | Private school VAT raises question about rate on meals

With the removal of the VAT exemption for private schools, finance teams are facing operational challenges with confusion on charges on meals and vocational income, warns Audrey Fearing, partner at RSM

10 Jan 2025

VAT

Tax Compliance

Image for hmrc loses ps500k day after spirit duty hike

Tax | HMRC loses £500k a day after spirit duty hike

The Scottish Whisky Association has said the Treasury has been losing half a million pounds every day since the excise duty on Scotch Whisky and spirits was increased in August 2023 by 10.1%

10 Jan 2025

Business Tax

HMRC

Image for accountancy firm pays tribute wonderful colleague

Business | Accountancy firm pays tribute to ‘wonderful’ colleague

Accountancy firm CT has announced the sudden passing of their long-serving colleague Moira McMillan, and paid tribute to her life and work

10 Jan 2025

Business | £6.2m owed to HMRC by 10 insolvent companies

12 businesses run by one business director have gone bust leaving £7.6m in assets unaccounted for with 10 of these companies also owing £6.2m to HMRC

10 Jan 2025

Image for regulator freezes bank accounts quartet religious charities

Finance | Regulator freezes bank accounts at quartet of religious charities

The regulator is investigating four religious charities after identifying risks related to their shared premises, trustees and founders, links to Barnabas Fund and possible flow of funds from the US

10 Jan 2025

Finance

Charities

Image for people news aab lubbock fine rsm

HR | People in the news: AAB, Lubbock Fine, RSM

In this week’s career moves, partner promotions and hires at AAB, Dow Schofield Watts, BTG, Grant Thornton, Moore Kingston Smith, Allinial, Quantuma, Unit4

10 Jan 2025

Careers

Image for accountancy charity failed file accounts 1000 days

Finance | Accountancy charity failed to file accounts for 1,000 days

The Charity Commission opened an investigation on 10 December into an accountancy charity for failing to submit accounts since 2020

10 Jan 2025

Finance

Charities

Image for convicted solicitor coughs ps1m

Business | Convicted solicitor coughs up £1m

The Serious Fraud Office (SFO) has managed to recover £1m for the victims of convicted solicitor's £100m fraud

10 Jan 2025

Image for disputes over office temperature most common argument

HR | Disputes over the office temperature most common argument

Fights over the thermostat and leaving communal areas untidy were just two of the top annoyances of office workers in 2024

10 Jan 2025

Image for how investigate christmas party antics

HR | How to investigate Christmas party antics

The Christmas party season has come to an end and with it the legacy of any transgressions that occurred or were discovered after the event

10 Jan 2025

Business | Mid-tier cannot compete with Big Four on brand recognition

Accountancy firms outside the top 10 struggle to gain brand recognition with the Big Four, BDO and Grant Thornton the most well known firms

9 Jan 2025

Image for beavis morgan accountants join ps60m kinbrook group

Business | Beavis Morgan accountants join £60m Kinbrook Group

Private equity firm Blixt has put investment into the accountancy sector through Kinbrook Group headed up by Nilesh Shah in a deal with Beavis Morgan

9 Jan 2025

Accountancy Firms

Private Equity

Image for budget sparks drop accountancy vacancies

Business | Budget sparks drop in accountancy vacancies

The level of people out of work and on the hunt for a new job has increased to its highest level in six months after announcements at the Budget sparked cost cutting by businesses

9 Jan 2025

Companies

Accountancy Firms

Image for all money world could not fix crown court backlog

Business | ‘All the money in the world’ could not fix Crown Court backlog

Sir Geoffrey Clifton-Brown opened a Public Accounts Committee (PAC) hearing describing the extreme levels of backlogged cases reaching over 73,000 in 2024, leaving victims waiting years for an outcome

9 Jan 2025

Tax | HMRC strikers set eight dates for action against sackings

Members of the Public and Commercial Services Union PCS) have confirmed eight days of strike action affecting HMRC offices at Benton Park View in Newcastle

9 Jan 2025

Finance | FRS 102 factsheets on lease and revenue changes released

The Financial Reporting Council (FRC) has issued factsheets and worked examples about new lease accounting and revenue recognition rules under FRS 102

9 Jan 2025

HR | Addison Lee drivers owed back pay as not self employed

In another major decision in favour of workers, drivers at taxi firm Addison Lee have won the right to be classed as workers for the company and are entitled to backdated holiday pay and national minimum wage compensation

9 Jan 2025

Careers

Image for register bitesize webinars tips tax returns

Tax | Register for bitesize webinars on tips for tax returns

The looming 31 January tax return deadline marks one of the busiest periods for accountants and tax advisors so don’t miss our handy bitesize webinars to help you through the tax season

9 Jan 2025