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Image for cybercrime why accountants are first line defence

Business | Cybercrime - why accountants are first line of defence

With M&S in the headlines after a cyberattack, Jill Knesek, chief information security officer at BlackLine, looks at how finance and accountancy teams can protect their businesses against cybercrime

30 Apr 2025

Tax | Crypto currency gains won’t be forgotten by HMRC

HMRC is warning people holding crypto currency over long periods and eventually making a gain that they will be liable for tax on their profits

30 Apr 2025

Tax | HMRC shifts to email and text to cut postage

In a bid to reduce costs and modernise the tax office, HMRC is going to start sending taxpayers texts and email updates, rather than so many letters

30 Apr 2025

Tax

HMRC

Technology

Image for forvis mazars misses anglo eastern plantations audit deadline

Finance | Forvis Mazars misses Anglo-Eastern Plantations audit deadline

AIM listed Anglo-Eastern Plantations has delayed 2024 accounts as new auditor needs more time to complete first-year audit

30 Apr 2025

Finance

Auditing

Corporate Governance

Image for regulator clarifies charity trustee payment rules

Finance | Regulator clarifies charity trustee payment rules

The Charity Commission has updated the CC11 trustee guidance to make trustee payment rules clearer and easier to use as it finds majority of trustees are over 44 years old

30 Apr 2025

Finance

Financial Reporting

Charities

Image for diverted profits tax tech giants be replaced

Tax | Diverted profits tax for tech giants to be replaced

The government is going ahead with plans to repeal the diverted profits tax regime for tech giants and replace it with a new charging provision within corporation tax

30 Apr 2025

Business | Dormant company director jailed for £200k loan fraud

A director of four education support companies, three of which were dormant, has been imprisoned after he borrowed £50,000 for each of his businesses and spent it ‘as he saw fit’

30 Apr 2025

Business

Called to Account

Image for landlords told not use llp tax avoidance scheme

Tax | Landlords told not to use LLP tax avoidance scheme

HMRC has warned UK landlords it will clamp down robustly against property owners who use limited liability partnerships to evade tax by transferring properties

29 Apr 2025

Tax | Plans for sugar tax will not affect coffee shop milkshakes and lattes

The government is consulting on proposals to extend the sugar tax to milk-based drinks with added sugar sold in pre-packaged containers

29 Apr 2025

Tax

Consultations

Budget

Image for pwc not clocking people and out

Business | PwC not ‘clocking people in and out’

Big Four firm PwC claims monitoring is a vital part of the three-day office working policy when questioned by Lords committee, while ad agency WPP requires four-day attendance

29 Apr 2025

Business | Shipleys merger ‘more than just a rebrand’

Shipleys is going to be rebranded as Moore Kingston Smith after the merger of the £18m accountancy firm last October

29 Apr 2025

Business

Accountancy Firms

Image for sustainability standard ifrs s2 be simplified already

Finance | Sustainability standard IFRS S2 to be simplified already

The International Sustainability Standards Board (ISSB) is consulting on targeted amendments to recently introduced IFRS S2 Climate-related Disclosures

29 Apr 2025

Finance

Accounting Consultations

ESG & Sustainability

Image for qa tax and amortisation relief historic goodwill

Tax | Q&A: tax and amortisation relief on historic goodwill

In this week’s Q&A, Croner-i tax adviser Stuart Farmer ATT explains how to calculate amortisation relief on historic goodwill incorrectly reported on corporation tax returns

29 Apr 2025

HR | EHRC issues interim guidance on single-sex facilities

The Equality and Human Rights Commission (EHRC) has released an interim update for employers on the impact on single-sex facilities after Supreme Court ruling on definition of women

29 Apr 2025

HR

Work

Careers

Leadership & Management

Image for rescue dumbarton football club falls through

Business | Rescue of Dumbarton Football Club falls through

Troubled Scottish football club Dumbarton has been delivered a blow as owner pulls out of deal to save business

29 Apr 2025

Business

Restructuring & Insolvency

Image for disqualified director wins ps145k directors loan appeal

Tax | Disqualified director wins £145k director’s loan appeal

The director of BOH Investments appealed against a closure notice of £145,058 that HMRC believed he owed through an overdrawn director’s loan account

29 Apr 2025

Tax | Compulsory payrolling of benefits in kind delayed

The government has delayed the introduction of mandatory payrolling and reporting of benefits in kind via PAYE leaving P11D intact

29 Apr 2025

Finance | Water companies pay dividends despite consumer backlash

National Audit Office (NAO) slates financial stability of water companies as one in five have such poor credit ratings they struggle to raise investment

28 Apr 2025

Finance

Financial Reporting

Corporate Governance

Image for tagging ixbrl accounts needs improvement

Finance | Tagging on iXBRL accounts needs improvement

Excessive use of custom tags and extensions, and incorrect sign or scales, is happening too much in iXBRL accounts, warns regulator

28 Apr 2025

Business | Remedy payroll agency collapsed owing £2.6m in VAT

Sheffield umbrella payroll company and sole director decided to declare just 10% of the tax it owed to HMRC and tried to blame a non-existent third party

28 Apr 2025

Business

Called to Account

Image for fintech syme delays accounts due audit problems

Finance | Fintech Syme delays accounts due to audit problems

AIM-listed fintech Syme has been forced to delay the release of its annual accounts as newly appointed auditor Bright Grahame Murray asks for extension

28 Apr 2025

Finance

Auditing

Corporate Governance

Image for icas appoints karen scholes president

Business | ICAS appoints Karen Scholes as president

Chartered accountant Karen Scholes is the latest president of the Institute of Chartered Accountants of Scotland (ICAS), the sixth woman to hold the role in 171 years

28 Apr 2025

Business

Accountancy Firms

Image for liverpool charge ps2 visitor tax

Tax | Liverpool to charge £2 visitor tax

The latest city to charge visitors an overnight tax is Liverpool, with a £2 nightly fee to kick in from June, set to raise £4.5m a year

28 Apr 2025

Tax

Personal Tax

Image for higher company thresholds will affect ir35

Tax | Higher company thresholds will affect IR35

Increases in company size thresholds will have a knock-on effect on off-payroll working rules (IR35), warns Neil Maslen CTA, senior manager at HW Fisher

28 Apr 2025