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Image for inflation falls 87 food prices remain high

Business | Inflation falls to 8.7% but food prices remain high

The rate of inflation dropped to 8.7% in April from 10.1% the previous month, the largest fall in inflation since the Bank of England began raising interest rates in 2021

24 May 2023

Accountancy Firms

Image for fraudster living high life jailed ps4m scam

Business | Fraudster living high life jailed for £4m scam

The boss of an investment firm has been jailed for seven years after duping more than 50 investors in a £4m scam

24 May 2023

Accountancy Firms

Called to Account

Image for forex trader guilty ps70m ponzi scheme

Business | Forex trader guilty of £70m Ponzi scheme

A foreign exchange boss responsible for a Ponzi-style investment scam valued at over £70m has been found guilty following a seven-week trial

23 May 2023

Accountancy Firms

Called to Account

Image for couple sentenced ps150k restaurant fraud

Business | Couple sentenced for £150k restaurant fraud

A married couple who siphoned £150,000 out of a luxury restaurant has been handed two-year suspended sentences for fraud

22 May 2023

Accountancy Firms

Image for ifrs issues guidance smes climate related matters

Finance | IFRS issues guidance for SMEs on climate-related matters

The IFRS Foundation has published educational material into SMEs accounting standards related to the effects of climate-related matters on financial statements

22 May 2023

Accounting Standards

Audit Consultations

Accountancy Firms

Image for uk tax vacancies fall year year

Business | UK tax vacancies fall year-on-year

Professional tax jobs in London plunged by 13.8% compared to 2021, which saw a total of 16,000 vacancies registered, according to a report by Morgan McKinley

22 May 2023

Accountancy Firms

Image for what accountants need know about fraud strategy

Business | What accountants need to know about the Fraud Strategy

The government’s fraud strategy emphasises the role of accountants in preventing fraud, explain Alun Milford, partner, and Phil Taylor, professional support lawyer at Kingsley Napley LLP

22 May 2023

Accountancy Firms

Image for rishi sunaks wealth falls ps200m rich list

Business | Rishi Sunak’s wealth falls by £200m on rich list

The prime minister, Rishi Sunak, and his wife ranked 275th in the Sunday Times rich list, with a fortune worth around £529m, down a third on the previous year

19 May 2023

Accountancy Firms

Image for fraudster behind ispoof jailed 13 years

Business | Fraudster behind iSpoof jailed for 13 years

The administrator responsible for running a fraud website which stole up to £100m from HMRC and other organisations has been jailed for 13 years

19 May 2023

Accountancy Firms

Called to Account

Image for liquidity and financial risk top threat businesses

Business | Liquidity and financial risk top threat for businesses

Six in 10 chief internal auditors said that economic uncertainty means that financial, liquidity and insolvency risks were now the biggest concern for businesses

19 May 2023

Restructuring & Insolvency

Image for webinar anti money laundering rules accountants

Business | Webinar on anti-money laundering rules for accountants

Sign up for our webinar to make sure you are on top of the latest anti-money laundering developments

19 May 2023

Accountancy Firms

Image for ex ceo spared jail after hiding ps95k investigators

Business | Ex-CEO spared jail after hiding £95k from investigators

The former chief executive of London Capital & Finance, Michael Thomson, has avoided jail after hiding £95,000 from investigators to fund his lavish lifestyle

19 May 2023

Accountancy Firms

Called to Account

Image for 900k child trust funds unclaimed mps told

Tax | 900k child trust funds unclaimed, MPs told

MPs called on HMRC to do more to unite young people with their child trust funds (CTFs) as nearly £400m has not been claimed

18 May 2023

Accountancy Firms

Image for payroll clerk jailed ps350k fraud

Business | Payroll clerk jailed for £350k fraud

A payroll clerk who stole more than £350,000 after finding a glitch in the IT system has been jailed for four and a half years

18 May 2023

Accountancy Firms

Called to Account

Image for fake accountant jailed ps45k tax fraud

Business | Fake accountant jailed for £45k tax fraud

A fast food worker who claimed to be an accountant has been jailed for two years after stealing more than £45,000 in tax fraud

17 May 2023

Accountancy Firms

Called to Account

Image for crypto should be treated gambling say mps

Business | Crypto should be treated as gambling, say MPs

MPs on the Treasury Committee have called on the government to regulate cryptocurrencies as gambling but there has been pushback from critics

17 May 2023

Accountancy Firms

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Q&A: tax on property business profits

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