Companies

Pensions

Image for us computer companys 17m penalty accounting infringements

Business | US computer company’s $17m penalty for accounting infringements

The Securities and Exchange Commission (SEC) has charged US data server producer Supermicro and its former CFO with a series of accounting reporting violations, and imposed over $17m (£13m) of penalties

26 Aug 2020

Image for nottingham charity criticised poor financial management

Business | Nottingham charity criticised for poor financial management

The Charity Commission has published a highly critical report on the management, governance and administration of a Nottingham-based charity, and disqualified a former trustee for a ten-year period

26 Aug 2020

Charities

Image for troubled finablr miss reporting deadline

Business | Troubled Finablr to miss reporting deadline

Finablr, the troubled foreign exchange and payments group, has announced a further delay to filing its annual accounts, admitting it will miss the deadline of publishing its financial statements by the end of this week

26 Aug 2020

Image for pwcs global revenues show covid 19 impact

Business | PwC’s global revenues show Covid-19 impact

PwC’s global revenues totalled $43bn (£32.7bn) for the 12 months ending 30 June 2020, only just ahead of the previous year, with the firm acknowledging the protracted impact of the Covid-19 crisis on business performance

26 Aug 2020

Image for ps9bn corporation tax overpaid uk businesses last year

Tax | £9bn in corporation tax overpaid by UK businesses last year

UK businesses overpaid at least £9.1bn in corporation tax in the last year (year end 31 March), up 12.4% from £8.1bn the previous year, said UHY Hacker Young

26 Aug 2020

Business | Rio Tinto exec pay cut over heritage controversy

Three senior executives at FTSE 100 Anglo-Australian multinational Rio Tinto have had their bonuses cut by around £4m, after the mining giant conducted a review of the decision to destroy two ancient caves in Australia and found it breached guidelines on protecting cultural heritage

25 Aug 2020

Image for government must tackle unexpected tax bill nhs workers

Tax | Government must tackle unexpected tax bill for NHS workers

Existing tax rules on free accommodation, meals and childcare should be axed for NHS staff who made great sacrifices to protect us all, says RSM’s Susan Ball

25 Aug 2020

| FTSE 100 audit fees hit £911m

Audit fees at FTSE 100 companies have reached a new high, totalling £911m in 2019, up from £892m the previous year, in response to pressure from regulators for firms and their clients to invest more in core auditing activity

24 Aug 2020

Business | £20m advice support for SMEs to recover from Covid-19

The government has announced £20m of funding to help smaller businesses to recover from the Covid-19 pandemic, including grants for accountancy advice

24 Aug 2020

Image for financial services firms see profit warnings soar

Business | Financial services firms see profit warnings soar

UK-listed financial services firms have already issued more profit warnings this year than in the whole of 2019, according to research by EY

24 Aug 2020

Image for higher rate pension relief threat fund coronavirus bill

Tax | Higher rate pension relief threat to fund coronavirus bill

In her second article on possible pension tax relief reform, LEBC’s Kay Ingram sees greater restrictions ahead as cost of Covid-19 becomes clearer with Spring Budget changes short-lived

24 Aug 2020

Business | PwC pushes financial results back to 2021

Big Four firm reveals it will not publish its full results, including profits and partner pay, until January next year, as it grapples with the impact of the pandemic on its business

21 Aug 2020

Image for bame 2020 zaheer ahmad head strategic delivery ey

Business | BAME 2020: Zaheer Ahmad, head of strategic delivery, EY

In the third part of Accountancy Daily’s BAME 2020 series, EY’s Zaheer Ahmad talks about his experience of diversity and inclusion at EY, the police service and the importance of challenging the status quo

21 Aug 2020

Leadership & Management

Image for finablr avoids hmrc business suspension

Business | Finablr avoids HMRC business suspension

HMRC drops proposed suspension of payment group’s subsidiaries after original issues addressed

21 Aug 2020

Image for eating out whats menu struggling restaurants

Business | Eating out: what’s on the menu for struggling restaurants?

As Pizza Express’ CVA sees the closure of 73 outlets, with 1,110 job losses across the UK, BLM’s insolvency law specialist Stuart Evans looks at the options available for high street restaurant chains

21 Aug 2020