Companies

Restructuring & Insolvency

Image for cfos predict post covid home working shift

Business | CFOs predict post-Covid home working shift

CFOs at some of the UK’s biggest companies are predicting a five-fold increase in home working by 2025, along with hikes in the levels of corporate and individual taxation as a result of the pandemic

8 Jan 2021

Restructuring & Insolvency

Image for grant thornton faces ps200m legal challenge over patisserie valerie audits

Finance | Grant Thornton faces £200m legal challenge over Patisserie Valerie audits

Grant Thornton is facing a £200m lawsuit brought by the administrators of collapsed café chain Patisserie Valerie, seeking damages in respect of the firm’s audits for the financial periods September 2014 to September 2017

8 Jan 2021

Image for 2021 whats store accountants year ahead

Business | 2021: what’s in store for accountants in the year ahead?

After one of the toughest years ever as the covid-19 pandemic wreaked havoc, Zak Jakubowski talks to leading accountants and industry experts about their hopes and predictions for 2021

8 Jan 2021

Accountancy Firms

Business | People in the news: BDO, PwC, NAO

In this week’s accountancy career moves, partner appointments at PwC, 20 partner promotions at BDO, CFO named at John Laing Group, and NAO adds two non-executive members

8 Jan 2021

Image for ftse 350 pension deficit almost doubles

Business | FTSE 350 pension deficit almost doubles

The twin challenges of Brexit and Covid-19 have seen the FTSE 350 pension deficit nearly double during the year, with scheme trustees urged to look for opportunities to reduce risk

7 Jan 2021

Business | Call for consistent Business Bounce Bank Loan recovery scheme

The Treasury needs to ensure it implements a clear and consistent policy for the repayment or recovery of business bounce back loans (BBLs), or risk losing out on some £6bn, the Credit Services Association (CSA) is warning

7 Jan 2021

Accountancy Firms

Image for uk standards endorsement board starts work

Finance | UK standards Endorsement Board starts work

The UK Endorsement Board (UKEB), the body tasked with endorsing and adopting international accounting standards now that the UK has left the EU, has officially launched

7 Jan 2021

Business | Wigan Athletic hits post in sale out of administration

There has been a last minute hitch in efforts to save football club Wigan Athletic from administration, after an approved bidder cut their offer for the EFL League One club almost in half

6 Jan 2021

Restructuring & Insolvency

Image for hmrc less month file tax return

Tax | HMRC: less than a month to file tax return

Around 5.4m taxpayers have less than a month (25 days) to complete their self assessments ahead of the 31 January deadline

6 Jan 2021

Business | 6 January marks ‘High Pay Day’

By the end of today, earnings for the typical FTSE 100 CEO will have surpassed the total annual wage for a full-time worker in the UK, according to research from the High Pay Centre

6 Jan 2021

Tax | DAC 6 to be replaced by OECD rules

There are to be changes to the way UK intermediaries report cross border tax arrangements post-Brexit, with the EU DAC directive set to be replaced by OECD rules later this year

6 Jan 2021

Tax | ‘Tampon tax’ abolished

Following the UK’s departure from the EU, the government has honoured its commitment to remove VAT from women’s sanitary products, ending the so-called ‘tampon tax’

5 Jan 2021

Business | £4.6bn in additional lockdown business support

With a new national lockdown starting tomorrow and set to last at least until mid-February, the Treasury has announced £4.6bn in additional grants to support businesses which are forced to close

5 Jan 2021

Image for sec tackles ripple over digital asset offering

Business | SEC tackles Ripple over digital asset offering

The Securities and Exchange Commission (SEC) is set to take legal action against Ripple Labs, the fintech company behind XRP, the third-largest cryptocurrency, alleging it raised over $1.3bn (£1bn) through an unregistered, ongoing digital asset securities offering

5 Jan 2021