Companies

Image for no return pre covid economy 2023

Business | No return to pre-Covid economy before 2023

The UK economy is set to contract by 10.3% this year and is unlikely to reach its pre-Covid level until early 2023, according to KPMG’s forecasts on the impact of the pandemic

2 Sep 2020

Business | Companies House bank details have changed

All customers who make payments by bank transfer (BACS) will need to use the new bank account details from 1 September 2020

2 Sep 2020

Accountancy Firms

Image for haines watts tops ps100m revenue

Finance | Haines Watts tops £100m in revenue

Top twenty firm Haines Watts has broken the £100m barrier, recording a 11% increase in revenues for the latest financial year, largely due to its acquisitive ‘buy and build’ strategy

2 Sep 2020

Business | Tilney and Smith & Williamson complete merger

Leading wealth manager Tilney and top 10 fund management and accounting firm Smith & Williamson complete merger with combined assets of over £47bn - a deal which was extended five months by Covid-19

2 Sep 2020

Accountancy Firms

Image for aid charity struck over financial failings

Business | Aid charity struck off over financial failings

A London-based aid charity has been removed from the register and trustees disqualified after two statutory inquiries found it could not account for around £2.8m worth of goods shipped to Syria, among a catalogue of other financial concerns

1 Sep 2020

Charities

Image for accounting covid 19 loans and grants cpd module

Finance | Accounting for Covid-19 Loans and Grants - CPD module

This month's exclusive Accountancy Daily CPD module focuses on detailed accounting aspects of the Covid-19 related grants, reliefs and loans that have been made available to businesses, including CBILS and bounce back loans

1 Sep 2020

Business | Legal updates: September 2020

In this month’s round up of legal news, Gateley Legal’s Sophie Brookes considers the importance of worked examples in commercial contracts, tax impact of ‘gross-up’ clauses and members’ duties to an LLP

1 Sep 2020

Law & Guidance

Image for people news moore thompson cooper parry kpmg

Business | People in the news: Moore Thompson, Cooper Parry, KPMG

In this week’s accountancy career moves, associate partner appointed at KPMG, hires at Moore Thompson and Cooper Parry, and non-executive director at The West Bromwich Society

28 Aug 2020

Image for football commentator seeks boot out pension scammers

Business | Football commentator seeks to boot out pension scammers

With over £30m reportedly lost to pension fraud over the past three years, the Financial Conduct Authority (FCA) and The Pensions Regulator (TPR) have launched a new advertising campaign, fronted by football commentator Clive Tyldesley, designed to show scammers the red card

28 Aug 2020

Pensions

Business | Last chance to Eat Out to Help Out

Over 64m meals have been served at a discount in restaurants, pubs and cafes since the launch of the government’s Eat Out to Help Out scheme, with Bank Holiday Monday marking the final day HMRC will be picking up half the tab for the nation’s diners

28 Aug 2020

Image for covid 19 half financial services workforce consider career change

Business | Covid-19: half of Financial Services workforce consider career change

Covid-19 has prompted a bout of soul searching among Financial Services workers, with almost half (44%) considering a career change, according to research by KPMG and the Financial Services Skills Commission

28 Aug 2020

Image for furlough fraud clock ticking self reporting inaccurate cjrs claims

Business | Furlough fraud: clock ticking on self-reporting inaccurate CJRS claims

Businesses that fail to report overclaims in coronavirus job retention scheme grants run the risk of personal liability, HMRC action and potential criminal proceedings, warns Nexa Law’s Steven Mather

28 Aug 2020

Image for covid 19 tailored support mortgage difficulties

Business | Covid-19: tailored support for mortgage difficulties

The Financial Conduct Authority (FCA) is consulting on proposals to ensure that firms provide tailored support to mortgage borrowers who continue to face payment difficulties due to coronavirus

27 Aug 2020

Image for charity commission investigates london church charity

Business | Charity Commission investigates London church charity

The Charity Commission has opened a statutory inquiry into The Kingdom Church GB in South London over concerns about the charity’s management, including its financial reporting

27 Aug 2020

Charities

Image for covid 19 low income self isolating payments

Business | Covid-19: low income self-isolating payments

The government is trialling the introduction of a new payment for people on low incomes in areas with high rates of Covid-19, who need to self-isolate and are unable to work from home

27 Aug 2020

Restructuring & Insolvency