Companies

Image for richest 1 hold almost quarter uk wealth

Tax | Richest 1% hold almost a quarter of UK wealth

The UK’s wealthiest 1% of households hold almost £800bn in assets official statistics show, raising their share of household wealth to 23%, according to the Resolution Foundation

4 Jan 2021

Tax | Director’s national insurance calculations - CPD module

This month's exclusive Accountancy Daily CPD module focuses on director’s national insurance contributions, understanding the special calculation rules and which, if any, exceptions may be available to exempt them

4 Jan 2021

Image for charles schwab uk fined ps9m over regulatory failures

Business | Charles Schwab UK fined £9m over regulatory failures

Stockbrokers Charles Schwab UK Ltd (CSUK) have been fined £8.96m by the Financial Conduct Authority (FCA) for failing to adequately protect client assets, carrying out a regulated activity without permission

24 Dec 2020

Business | KPMG International sees revenues decline in pandemic

KPMG’s global results reveal a pre-pandemic growth rate of 5% had been cut to -1% by the end of the financial year, which finished with KPMG firms’ annual aggregated revenues standing at $29.22bn, compared to $29.75bn the previous year

23 Dec 2020

Accountancy Firms

Image for nearly 40000 retailers financial distress

Business | Nearly 40,000 retailers in financial distress

With just two shopping days to go, and non-essential shops shut across large parts of the country, tough trading conditions have already hit the sector with a 24% leap in the number of struggling retailers in the final quarter of the year

23 Dec 2020

Restructuring & Insolvency

Careers

Image for ey launches social distancing proximity monitor

Business | EY launches social distancing ‘proximity monitor’

EY has come to the aid of sporting fans and others who want to get back to attending matches and other live events, with the launch of a wireless-enabled technology solution designed to address social distancing concerns

23 Dec 2020

Finance | PKF Littlejohn picks up Boohoo audit

Online fashion retailer Boohoo has appointed PKF Littlejohn as its external auditor, replacing PwC which stepped down from the role in October

22 Dec 2020

Business | FCA slammed over regulatory failings at collapsed minibond firm

An independent report has heavily criticised the Financial Conduct Authority (FCA) for failures in the regulation and supervision of London Capital & Finance (LCF), which collapsed in January 2019, impacting over 11,000 people who invested around £237m

22 Dec 2020

Restructuring & Insolvency

Accountancy Firms

Image for qa vat implications northern ireland protocol

Tax | Q&A: VAT implications of the Northern Ireland protocol

In our regular Q&A series, Croner Taxwise, VAT advice consultant, Sally Atkins, clarifies the post-Brexit VAT rules for clients based in Northern Ireland who both supply goods to and buy from mainland UK and the Republic of Ireland

22 Dec 2020

Tax | Proposals to widen HMRC’s information gathering powers ‘flawed’

Plans to increase HMRC’s civil information powers have been sharply criticised as ‘flawed’ in a House of Lords report, which also calls for tougher action on a ‘hardcore’ of tax avoidance promotors

21 Dec 2020

Business | Barclays fined £26m over customer failings

The Financial Conduct Authority (FCA) has fined Barclays £26m for poor treatment of customers in financial trouble, and has warned all financial institutions to ensure they act fairly for those in difficulty as a result of Covid-19

21 Dec 2020

Accountancy Firms

Image for fulfilling continuing professional development cpd requirements

Business | Fulfilling continuing professional development (CPD) requirements

Michelle Roberts ACA from the Croner-i Audit & Accounting technical author team summarises CPD requirements for accountants and how Croner-i can help

18 Dec 2020

Image for icaew report identifies post pandemic working changes

Business | ICAEW report identifies post-pandemic working changes

Post-pandemic, 90% of businesses worldwide expect working life to look different, according to an international survey by ICAEW, which also underlined the need to address growing mental health concerns

18 Dec 2020

Image for pwc posts 3 rise revenues 8 fall profits

Finance | PwC posts 3% rise in revenues, 8% fall in profits

In common with others of the Big Four, PwC acknowledged this year’s financial results have been impacted by Covid, with revenues up by 3% at £4,380m but profits falling 8%, resulting in a 10% cut to partner payouts

18 Dec 2020

Image for people news diverso hentons grant thornton

Business | People in the news: Diverso, Hentons, Grant Thornton

In this week’s accountancy career moves, partner appointments at Diverso and Hentons, 12 named in Grant Thornton Inclusion Advisory Board, and two senior finance hires at Fortus

18 Dec 2020

Careers