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Latest news

Image for pwc israel fined 275m widespread exam cheating

Business | PwC Israel fined $2.75m for widespread exam cheating

Hundreds of staff at PwC Israel have been caught cheating in internal training exams, resulting in a multimillion dollar fine from the US audit regulator

27 Feb 2025

Business | HMRC uses anti-spoofing software to detect deepfake callers

Over 3,000 PAYE taxpayers have been signed up to a voice recognition system for a six-week trial, but how will HMRC detect potential fraudulent deepfake calls using artificial intelligence?

27 Feb 2025

Finance | Focus on payroll forecasting as employer NI hike looms

A significant rise in payroll costs from April requires a tighter focus on payroll forecasting and financial modelling, explains Pauline Green, head of product compliance at Intuit QuickBooks

27 Feb 2025

Business | Grant Thornton targets SMEs with launch of dedicated service

In a move to build share in the competitive SME market, Grant Thornton has launched its first dedicated Entrepreneurial and SME Services offering accountancy, tax and advisory services

27 Feb 2025

Business | Trio of Harry Styles’ companies face strike off action

Pop star Harry Styles, and one time member of One Direction, has been given strike off notices for three companies he owns for failure to file accounts

27 Feb 2025

Business

Companies

Image for top jobs ftse firms still dominated men

Business | Top jobs at FTSE firms still dominated by men

The number of women on boards has hit 43% at the FTSE 350, but securing one of the critical top jobs of CEO and chair remains a challenge, while parity target will be missed

27 Feb 2025

Leadership & Management

Image for simplifying sme audits obvious all except regulator

Finance | Simplifying SME audits ‘obvious to all… except regulator’

Audit firms have been bogged down in audit regulations for years, with several organisations calling for a simplified audit process for SMEs despite fears UK regulator will not adopt new standard

26 Feb 2025

Finance | Do you know how to use the IF formula in Excel?

Anand Singh ACA sets out useful hints and tips for using the IF formula in Excel to identify returns values for true and false

26 Feb 2025

Finance

Financial Reporting

Auditing

Image for landlords set receive making tax digital letters

Tax | Landlords set to receive Making Tax Digital letters

HMRC plans to start sending letters to taxpayers affected by introduction of Making Tax Digital for income tax advising them they will have to report quarterly

26 Feb 2025

Finance | Civil servants ordered to cut back on credit card spending

The head of the Cabinet Office, Cat Little, has written a letter to permanent secretaries at government departments telling them to cut back on spending that is ‘difficult to justify’

26 Feb 2025

Finance

Public Sector

Image for tt delays results deloitte needs more time audit

Finance | TT delays results as Deloitte needs more time on audit

Listed engineering group TT Electronics plc has delayed release of annual results as auditor Deloitte needs more time to complete £2m audit

26 Feb 2025

Finance

Auditing

Audit Consultations

Image for wealthtek ps64m fraud trial set 2027

Business | WealthTek £64m fraud trial set for 2027

John Dance pleaded not guilty at Southwark Crown Court on 24 February to nine fraud and money laundering offences

26 Feb 2025

Business

Called to Account

Image for employer ni hike happening too fast warn worried smes

Business | Employer NI hike is happening too fast, warn worried SMEs

Majority of SMEs say sharp rise in employer national insurance is like a ‘powder keg of costs’ forcing them to rethink investment and recruitment

26 Feb 2025

Business

Companies

Accountancy Firms

Restructuring & Insolvency

Tax

Employment Tax

Image for hmrc loses agricultural show ps202k vat appeal

Tax | HMRC loses agricultural show £202k VAT appeal

The organisers of a major agricultural show have won a dispute over a £206,000 VAT appeal with Upper Tribunal ruling against HMRC

25 Feb 2025

Tax

HMRC

Case Reports

Image for 4 10 british farms could go bust due tax hike

Tax | 4 in 10 British farms could go bust due to tax hike

More than a third of UK farms could go out of business in the next five years as a result of the government’s changes to inheritance tax (IHT)

25 Feb 2025

Tax | Advertising campaign to promote HMRC app

HMRC is running an advertising campaign in national newspapers and social media to encourage downloads of the HMRC app, and mailing leaflets in letters

25 Feb 2025

Tax

Personal Tax

HMRC

Image for frc updates going concern guidance

Finance | FRC updates going concern guidance

The Financial Reporting Council (FRC) has issued updated guidance on reporting of going concern and liquidity risks to improve quality of disclosures and encourage preparers to take a longer term view

25 Feb 2025

Tax | Only 8% support ending tax-free cash ISAs

The overwhelming majority of savers with cash ISAs are against the government scrapping or reducing cash ISAs

25 Feb 2025

Tax

Personal Tax

Politics

Image for covid loan fraudster slapped tag and curfew

Business | Covid loan fraudster slapped with tag and curfew

41-year-old delivery driver has been sentenced after claiming a £20,000 Covid loan he was not entitled to before blowing the funds on drugs and gambling

25 Feb 2025

Business

Called to Account

Image for qa tax and shareholder loan waiver

Tax | Q&A: tax and shareholder loan waiver

In this week’s Q&A, our Croner-i VIP Tax Team explains tax and capital loss implications when director wants to waive shareholder loan when selling business

25 Feb 2025

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Tax Services

Latest news

Business | PwC Israel fined $2.75m for widespread exam cheating

Business | HMRC uses anti-spoofing software to detect deepfake callers

Finance | Focus on payroll forecasting as employer NI hike looms

Business | Grant Thornton targets SMEs with launch of dedicated service

Business | Trio of Harry Styles’ companies face strike off action

Business | Top jobs at FTSE firms still dominated by men

Finance | Simplifying SME audits ‘obvious to all… except regulator’

Finance | Do you know how to use the IF formula in Excel?

Tax | Landlords set to receive Making Tax Digital letters

Finance | Civil servants ordered to cut back on credit card spending

Finance | TT delays results as Deloitte needs more time on audit

Business | WealthTek £64m fraud trial set for 2027

Business | Employer NI hike is happening too fast, warn worried SMEs

Tax | HMRC loses agricultural show £202k VAT appeal

Tax | 4 in 10 British farms could go bust due to tax hike

Tax | Advertising campaign to promote HMRC app

Finance | FRC updates going concern guidance

Tax | Only 8% support ending tax-free cash ISAs

Business | Covid loan fraudster slapped with tag and curfew

Tax | Q&A: tax and shareholder loan waiver