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Image for ey fined ps5m serious failures thomas cook audits

Finance | EY fined £5m for serious failures on Thomas Cook audits

Regulator fines EY and partner £4.98m for serious failings in the way they conducted two audits for Thomas Cook Group in the run-up to the collapse of the travel company

10 Apr 2025

Finance

Auditing

Corporate Governance

Image for mothercare hires rpgcc ps100k audit

Finance | Mothercare hires RPGCC for £100k audit

Listed baby clothing retailer Mothercare plc has swapped auditors with the appointment of RPG Crouch Chapman LLP

10 Apr 2025

Finance

Auditing

Corporate Governance

Image for 90 day delay us reciprocal tariffs

Business | 90-day delay to US reciprocal tariffs

The introduction of reciprocal tariffs by the US has been delayed for 90 days until July to allow countries to try to negotiate trade deals, US president decides

10 Apr 2025

Business

Companies

Accountancy Firms

Image for south kensington mansion deemed residential ps500k sdlt bill

Tax | South Kensington mansion deemed residential for £500k SDLT bill

A pharmacist has lost his stamp duty land tax appeal at tribunal as the £6.6m property he purchased was deemed to be wholly used for residential purposes despite occupation restrictions

10 Apr 2025

Business | S&W relocates Harrogate office

S&W, the former accountancy arm of Evelyn Partners, has hit the ground running under new ownership with the Harrogate team already moving to brand new offices

10 Apr 2025

Business | EY rolls out AI tools for 140k auditors

A $1bn investment in artificial intelligence by EY is entering a new phase as the gives AI tools to 140,000 audit staff to assist with their annual client audits

10 Apr 2025

Business | Simmons Gainsford acquires Defries Weiss

Sumer group accountancy firm Simmons Gainsford has made its first significant acquisition in a deal to buy London-based Defries Weiss

10 Apr 2025

Business

Accountancy Firms

Private Equity

Image for government signs creation local audit office

Finance | Government signs off creation of Local Audit Office

In a bid to address endemic failures in the local audit market, the government is going ahead with plans to set up an overarching regulator to oversee the sector with new powers

10 Apr 2025

Tax | Tax tips: seven stages of self employment

Chris Thorpe, technical officer at the Chartered Institute of Taxation (CIOT) provides tips and tax advice to consider when setting up and running a new business

9 Apr 2025

Finance | Company threshold hike reduces accounting burden

The thresholds for company sizes have increased by up to 50%, simplifying the accounting framework and disclosure requirements for thousands of businesses

9 Apr 2025

Finance

Financial Reporting

UK GAAP

Image for mha sets ps269m valuation and float date

Business | MHA sets £269m valuation and float date

Top 20 accountancy firm MHA will float on the London Stock Exchange on 15 April with aim to raise £101.8m in capital enabling a sell down by some partners and ambitious expansion

9 Apr 2025

Business

Companies

Accountancy Firms

Image for springfield hires johnston carmichael ps198k audit

Finance | Springfield hires Johnston Carmichael for £198k audit

AIM listed Springfield Properties has flipped auditors by hiring Johnston Carmichael LLP, dropping BDO for its former audit firm

9 Apr 2025

Finance

Auditing

Corporate Governance

Image for fraudulent claims force hmrc close repayment phonelines

Tax | Fraudulent claims force HMRC to close repayment phonelines

Due to suspected fraud HMRC has temporarily closed the phonelines and webchat services for self assessment taxpayers to file repayment requests but would not share details

9 Apr 2025

Tax

HMRC

Image for ps60k insurance scammer caught after claiming deep fake set

Business | £60k insurance scammer caught after claiming deep fake set up

Bradford insurance fraudster has been sentenced at Leeds Crown Court after claiming to have crashed a rented Range Rover in California without ever being in the US

9 Apr 2025

Business

Called to Account

Image for furnished holiday let estate loses ps11m iht appeal

Tax | Furnished holiday let estate loses £1.1m IHT appeal

The manager and beneficiary of a holiday home business has lost a tax appeal after trying to claim business property relief on an inheritance tax bill

8 Apr 2025

Business | Armstrong Watson merges with Martin Aitken in Glasgow

Independent accountancy firm Armstrong Watson has strengthened its operation in Glasgow in a merger with Martin Aitken Accounting, Tax and Finance

8 Apr 2025

Business

Accountancy Firms

Image for voluntary id verification directors goes live

Business | Voluntary ID verification for directors goes live

Directors and significant persons can start verifying their identity on the Companies House register before it becomes compulsory this autumn

8 Apr 2025

Tax | Q&A: capital gains tax and anti-forestalling

In this week’s Q&A, David Lawson ATT, tax adviser at Croner-i My VIP Tax Team, explains the capital gains tax rates applicable on various property and company transactions potentially trying to take advantage of forestalling

8 Apr 2025

Finance | BDO faces Home REIT audit probe

The regulator is investigating BDO over the quality of its audit work on the financial statements of listed social housing provider Home REIT plc

8 Apr 2025

Finance

Auditing

Corporate Governance

Image for ciot plans overhaul cta tax qualification

Tax | CIOT plans overhaul of CTA tax qualification

The Chartered Institute of Taxation (CIOT) is consulting on plans to overhaul the Chartered Tax Adviser (CTA) qualification to keep it relevant

8 Apr 2025

Business | Burnley man jailed for tax evasion and laundering £3.5m

A tax fugitive and wanted money launderer has been jailed after being extradited from the Netherlands to face a prison sentence after he went on the run six years ago

8 Apr 2025

Business

Called to Account

Image for mtd education needs improve 2026

Tax | MTD education needs to improve before 2026

Making Tax Digital (MTD) for income tax is coming in for self employed and landlords with turnover above £50,000 from 2026, but many do not understand if they are caught by the rules

8 Apr 2025

Tax

Making Tax Digital

Image for human driver still needed ai rd claims

Business | ‘Human driver’ still needed for AI R&D claims

Artificial intelligence is not yet ready to replace humans when it comes to writing R&D tax claims, but it is surprisingly clever. Three R&D specialists discuss the pros and cons

8 Apr 2025

Business

AI & Technology

Navigate

Tax Services

Latest news

Finance | EY fined £5m for serious failures on Thomas Cook audits

Finance | Mothercare hires RPGCC for £100k audit

Business | 90-day delay to US reciprocal tariffs

Tax | South Kensington mansion deemed residential for £500k SDLT bill

Business | S&W relocates Harrogate office

Business | EY rolls out AI tools for 140k auditors

Business | Simmons Gainsford acquires Defries Weiss

Finance | Government signs off creation of Local Audit Office

Tax | Tax tips: seven stages of self employment

Finance | Company threshold hike reduces accounting burden

Business | MHA sets £269m valuation and float date

Finance | Springfield hires Johnston Carmichael for £198k audit

Tax | Fraudulent claims force HMRC to close repayment phonelines

Business | £60k insurance scammer caught after claiming deep fake set up

Tax | Furnished holiday let estate loses £1.1m IHT appeal

Business | Armstrong Watson merges with Martin Aitken in Glasgow

Business | Voluntary ID verification for directors goes live

Tax | Q&A: capital gains tax and anti-forestalling

Finance | BDO faces Home REIT audit probe

Tax | CIOT plans overhaul of CTA tax qualification

Business | Burnley man jailed for tax evasion and laundering £3.5m

Tax | MTD education needs to improve before 2026

Business | ‘Human driver’ still needed for AI R&D claims