Companies

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Business | Audit firms ‘overlooked’ in Brexit trade negotiations

The UK’s professional and business services sector, including accountancy and audit firms, is at risk because of the government’s failure to nail down future UK-EU arrangements on trade in services, a House of Lords committee has warned

14 Oct 2020

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Tax | One week until ‘gloves off’ HMRC furlough investigations

It's only one week until the end of the 90 day period (Tuesday 20 October) for individuals and businesses to disclose incorrect furlough claims to HMRC, or risk HMRC probe

13 Oct 2020

Business | FRC wants more diversity at top of profession

The Financial Reporting Council (FRC) is calling on accountancy firms to prioritise increased diversity at the most senior levels of management, with partners being the least diverse when it comes to gender, ethnicity and disability, according to its latest report on the profession

13 Oct 2020

Business | Business urged to prepare for Brexit

With less than 100 days to go before the UK leaves the EU, a poll by EY has found only one in nine businesses have a good understanding of the risks of not being prepared, while the business secretary is writing to 600,000 companies urging them to action

13 Oct 2020

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| AIM bounces back to pre-Covid highs

The Alternative Investment Market (AIM) all-share index has returned to its 2020 pre-Covid highs, outperforming the FTSE all-share index, according to BDO

12 Oct 2020

Business | Finance sector recognised in Queen’s Birthday Honours

The former CEO of Grant Thornton, the billionaire brothers who recently acquired Asda and the head of GlaxoSmithkline are amongst those from the finance sector named in the Queen’s Birthday Honours List 2020

12 Oct 2020

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Business | Job support scheme expanded, three tier lockdowns to come

With the government set to introduce localised Covid-19 lockdowns of varying severity, the job support scheme (JSS) is to be expanded to support businesses required to close their doors as a result of coronavirus restrictions

12 Oct 2020

Restructuring & Insolvency

Careers

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Tax | Multiple jobs force tax and pay admin shift

The rise of the self-employed ‘quantum worker’, who takes on multiple assignments, demands a change in how businesses manage their payroll and tax management, says John Whelan, CEO of My Digital

12 Oct 2020

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Business | People in the news: Thomas Westcott, MHA MacIntyre Hudson, EY

In this week’s accountancy career moves, partners appointed at Thomas Westcott, MHA MacIntyre Hudson and Deloitte, financial services leader named at EY, and associate director appointed at RSM

9 Oct 2020

Careers

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Business | Deloitte appoints new audit leadership line-up

Deloitte has announced its new audit and assurance leadership team as the firm begins to implement operational separation of audit and other service lines

9 Oct 2020

Careers

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Business | Black history month: Young black talent key to long-term business representation

Marking the start of Black History Month, EY’s Zaheer Ahmad sets out what his firm is doing to tackle low black numbers in the accounting profession, including 30% targets for black work experience and school leaver recruitment

9 Oct 2020

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Business | How accounting practices succeed in difficult times

Faced with the Covid-19 crisis, forward thinking accountants have flourished while more traditional firms have struggled. Shane Lukas of AVN, the accountants’ association, sets out how firms can succeed while others fail

9 Oct 2020

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Business | Pre-pack administration scrutiny tightened up

The government is to legislate for the mandatory independent scrutiny of pre-pack administration sales where connected parties are involved in the purchase

8 Oct 2020

Restructuring & Insolvency

Accountancy Firms

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Business | Government acts on ‘thuggish’ debt letters

The government is to introduce new rules about the wording on debt letters sent to those in arrears on repayments, in order to reduce distress and help people better understand and manage their debts

8 Oct 2020