Companies

Image for regulator cracks down pension scheme governance failures

Finance | Regulator cracks down on pension scheme governance failures

The Pensions Regulator (TPR) has banned a corporate trustee and one of its directors from acting as pension scheme trustees after multiple governance failures which it said highlighted a lack of competence, capability and integrity

14 Jan 2021

Business | Former Carillion executive facing directors’ bans

As the third anniversary of the collapse of Carillion approaches, business secretary Kwasi Kwarteng has begun legal proceedings which could see eight former executives banned from serving as directors for specified periods

14 Jan 2021

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Business | FCA updates Covid repossession guidance

The Financial Conduct Authority (FCA) is to update its guidance on mortgages and consumer credit repossessions during the pandemic, easing some of its previous recommended restrictions

14 Jan 2021

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Business | MPs to investigate corporate insolvency market

An influential cross-party group of MPs is to conduct an in-depth investigation into standards in the UK insolvency profession, in response to claims that some practitioners are prioritising lenders’ interests over those of business or other creditors

13 Jan 2021

Accountancy Firms

Image for consulting services drive 92 growth rsm international

Business | Consulting services drive 9.2% growth at RSM International

RSM International has posted a 9.2% hike in global revenue which hit $6.3bn (£4.6bn) in 2020, up from $5.7bn (£4.2bn) the previous year

13 Jan 2021

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Business | Push to extend debt relief order eligibility post-Covid

Financial difficulties caused by Covid are driving plans to increase the financial eligibility criteria for debt relief orders (DROs), in a bid to help more vulnerable people get a fresh start

13 Jan 2021

Careers

Image for fca warning libor transition year end

Business | FCA warning on LIBOR transition by year-end

The Financial Conduct Authority (FCA) has warned firms that they must make sure they can complete their transition away from LIBOR to a new sterling benchmark before the end of the year

13 Jan 2021

Tax | UK business ill-prepared for IR35 rule changes

With just three months to go before off payroll tax rules come into effect for the private sector, half of UK firms that hire contractors are not prepared for the changes, according to research by IR35 Shield

12 Jan 2021

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Tax | Post Brexit VAT and the financial services sector

Suppliers of financial services to EU customers will be able to recover VAT on their costs from 1 January 2021 as rules will align with non-EU 27 providers. Kevin Hall, partner at Wright Hassall, explains

12 Jan 2021

Business | Covid prompts 21% slump in tax advisory revenues

The impact of Covid-19 has seen the UK’s tax advisory market contract by one fifth (21%), more than double the global level of decline, according to a report by Source Global Research

12 Jan 2021

Accountancy Firms

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Business | Covid puts 250,000 small businesses at risk of failure

Some 250,000 small businesses are at risk of closure as a result of the pandemic according to the Federation of Small Businesses (FSB), which is calling on the government to provide more support for the sector during the latest national lockdown

12 Jan 2021

Accountancy Firms

Careers

Tax | Q&A: define an SME for R&D purposes

In our regular Q&A series, Croner Taxwise, tax consultant, David Woolley, explains how to define when an SME becomes a large business for research and development (R&D) purposes

12 Jan 2021

Business | Kwasi Kwarteng appointed BEIS secretary of state

Kwasi Kwarteng has been appointed secretary of state at the Department of Business, Energy and Industrial Strategy (BEIS), he will replace the RT Hon Alok Sharma who served from 2020 - 2021

11 Jan 2021

Careers