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Image for eddie stobart books ps11m loss after accounting errors

Finance | Eddie Stobart books £11m loss after accounting errors

Haulage firm Eddie Stobart Logistics has recognised a £169.2m impairment charge in its restated half-year results for the period to May 2019, which saw operating losses of £11.6m

26 Feb 2020

Accounting Standards

Accountancy Firms

Image for consultation opens eu market regulator reforms

| Consultation opens on EU market regulator reforms

The European Commission is consulting on possible reforms to the regulatory framework for investment firms and market operators which would include a single price comparison tool

26 Feb 2020

Corporate Governance

Accountancy Firms

Image for accountants slow act climate change

Finance | Accountants slow to act on climate change

Leading UK accounting bodies are spearheading a global call to action urging accountants to put sustainability and the fight against climate change at the forefront of their work

25 Feb 2020

Accounting Standards

Financial Reporting

Accountancy Firms

Image for hmrc targets ultra rich ps700bn assets

Tax | HMRC targets ultra-rich £700bn assets

HMRC has set up a specialist team to probe the tax affairs of ultra-high net worth individuals, as it extends efforts to crackdown on possible tax avoidance by some of the UK’s wealthiest families

24 Feb 2020

Accountancy Firms

Image for ftse shareholder dissent over exec pay rises

Business | FTSE shareholder dissent over exec pay rises

Rising shareholder dissent hit a quarter of the FTSE all share companies last year, with high levels of executive pay and director re-election topping the list of concerns

24 Feb 2020

Accountancy Firms

Image for entrepreneurs relief should support start not sell

Tax | Entrepreneurs’ relief should support start-up not sell-up

Entrepreneurs’ relief should be reshaped to inspire budding entrepreneurs rather than acting as a way to top up pension pots, argues Phil Hall, head of public affairs, AAT

24 Feb 2020

Accountancy Firms

Image for johnson reduce business council network

Business | Johnson to reduce business council network

A number of business leaders could lose their government advisory roles as Downing Street plans to downsize committee numbers on the business council network

24 Feb 2020

Accountancy Firms

Image for women fds fail break glass ceiling ftse 100

Business | Women FDs fail to break glass ceiling at FTSE 100

A third of all board positions in FTSE 100 are now held by women, but female representation in senior executive roles is lagging with only 15% of finance directors at top UK companies being women

21 Feb 2020

Accountancy Firms

Leadership & Management

Image for succession planning how plan order not chaos

Business | Succession planning: how to plan for order, not chaos

Succession planning is vital in any finance team where the future viability of a business can rest on a poor decision. Matt Weston, managing director of Robert Half UK, sets out the key steps

21 Feb 2020

Accountancy Firms

Leadership & Management

Image for eu blacklists cayman islands tax haven

Tax | EU blacklists Cayman Islands as tax haven

The Cayman Islands has been put on an EU blacklist of tax havens, the first UK overseas territory to be named and shamed for failing to crack down on tax abuse

20 Feb 2020

International Tax

Accountancy Firms

Image for administration rolls axminster carpets

Business | Administration rolls up Axminster Carpets

The Devon-based firm has fallen into insolvency for the second time in seven years with the loss of around 80 jobs

20 Feb 2020

Accountancy Firms

Image for makers guinness fined 5m over us disclosure failures

Business | Makers of Guinness fined $5m over US disclosure failures

Diageo, the UK-based alcohol producer whose brands include Guinness, Baileys, Smirnoff and Johnny Walker, has been fined $5m (£3.88m) by the Securities and Exchange Commission (SEC)

20 Feb 2020

Accountancy Firms

Image for us and china slowest pay invoices

Business | US and China slowest to pay invoices

Nearly half of UK companies are paid late with worst offenders US and China paying past the average 45-day payment terms

20 Feb 2020

Accountancy Firms

Image for mtd threat farmers warns cla

Tax | MTD threat to farmers, warns CLA

The Country Land and Business Association (CLA) is calling for an overhaul of the tax system for rural businesses particularly in light of Making Tax Digital for income tax plans

19 Feb 2020

Making Tax Digital

Image for financial support flood hit areas released

Tax | Financial support for flood-hit areas released

The government has made thousands of pounds available to areas affected by storms Dennis and Ciara with over 100 flood warnings still in place

19 Feb 2020

Accountancy Firms

Image for points based immigration system prioritise most skilled

Business | Points-based immigration system to prioritise most skilled

The government is to bring in a points-based immigration system from the start of next year, which will give priority to highly-skilled workers but will not offer a general low-skilled or temporary work route, raising concerns about the potential impact on the labour pool

19 Feb 2020

Accountancy Firms

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