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Image for fit and proper checks accountancy firms under aml rules

Finance | Fit and proper checks for accountancy firms under AML rules

Major changes ahead as Financial Conduct Authority set to take over anti money laundering (AML) supervision of professional services firms

19 Jun 2026

Finance

Corporate Governance

Image for hmrc and slc very sorry student loan payment error

Tax | HMRC and SLC ‘very sorry’ for student loan payment error

Problem with student loans system see over 70,000 graduates making overpayments after technical errors at Student Loans Company and HMRC

19 Jun 2026

Tax | Income tax take up 53% since threshold freeze

Businesses face huge tax bill as employer national insurance up 8% year on year while income tax threshold freeze bites hard as taxpayers squeezed across earnings range

19 Jun 2026

HR | People in the news: Johnston Carmichael, S&W, Sumer

In this week’s career moves, partner promotions and hires at Johnston Carmichael, PKF Channel Islands, Sumer, S&W, Blu Sky, Simmons Gainsford, Kilsby Williams, REC, Isio

19 Jun 2026

HR

Leadership & Management

Careers

Image for private school blames vat fees factor closure

Business | Private school blames VAT on fees as factor in closure

Scottish private school Fernhill closes as provisional liquidator called in, follows resignation of auditor and charity regulator probe

19 Jun 2026

Business

Companies

Restructuring & Insolvency

Tax

VAT

Image for norfolk accountant jailed after ps363k mistaken transactions

Business | Norfolk accountant jailed after £363k ‘mistaken transactions’

Finance manager at Norwich drainage business jailed for transferring £363,082 company funds into personal bank account 53 times blaming ‘a few mistaken transactions’

19 Jun 2026

Business

Called to Account

Image for billionaire trader loses ps225m llp tax case

Tax | Billionaire trader loses £22.5m LLP tax case

Supreme Court rules earnings of LLP members of foreign exchange trading firm HFFX should have paid income tax on capital allocation via deferred remuneration arrangement

18 Jun 2026

Tax

Case Reports

Image for council audit crisis intolerable says incoming lao chief

Finance | Council audit crisis ‘intolerable,’ says incoming LAO chief

CIPFA qualified candidate for Local Audit Office says Audit Commission was ‘a very different beast,’ pledging closer ties to FRC and ICAEW

18 Jun 2026

Finance

Auditing

Public Sector

Image for ex nigerian oil minister acquitted ps2m bribery trial

| Ex-Nigerian oil minister acquitted in £2m bribery trial

Jury at Southwark Crown Court finds former Nigerian oil minister not guilty of six bribery charges after more than 46 hours of deliberation

18 Jun 2026

Business

Image for 110k taxpayers without accountant not registered mtd

Tax | 110k taxpayers without accountant not registered for MTD

With the final deadline to register for Making Tax Digital for Income Tax looming, over 110,000 unrepresented landlords and self employed have not signed up, warns LITRG

18 Jun 2026

Business | BTG acquires Lameys insolvency firm

AIM-listed BTG Consulting (formerly Begbies Traynor) acquires Lameys Accountants, a Devon based insolvency business

18 Jun 2026

Business

Accountancy Firms

Finance | FRC shakes up enforcement to identify audit failures faster

Regulator overhauls audit enforcement procedure to speed up action on poor audit work and take more robust action on serious or significant failures from July

18 Jun 2026

Finance | Preparing for the changes to UK GAAP: part one

In part one of a new series on the changes to UK GAAP, Ollie Garrod ACA, accounting expert at Croner, explains what the revised accounting rules actually change, with tips on how to prepare for transition

17 Jun 2026

Business | Deloitte to cut 175 audit jobs

Largest UK accountancy firm Deloitte plans to cut up to 175 auditors in the audit and assurance team with a voluntary redundancy programme as staff turnover rate stalls

17 Jun 2026

HR | 14% of workers underpaid or employment rights breached

Newly established Fair Work Agency combines remit of HMRC, employment agency standards and enforcement of national minimum wage, new sick pay rules, and more

17 Jun 2026

HR

Work

Leadership & Management

Careers