Business | Accounting and finance apprentices report above-average support

Accounting and finance apprentices receive above average support from HR teams during their apprenticeship programmes, according to an analysis of post-apprenticeship data captured over five years from more than 15,000 apprentices across nine industry sectors

23 Nov 2018

Business

Companies

Accountancy Firms

Careers

| Deloitte takes over from PwC at Lloyds Bank after 153 years

Deloitte has been named as the new external auditor for Lloyds Banking Group, replacing PwC which has held the role since 1995, having previously been auditor to certain of its constituent companies stretching back to 1865, making it the longest-running banking audit relationship

23 Nov 2018

Auditing

Business

Companies

Accountancy Firms

Finance | Public sector accounting careers more inclusive, says ACCA

Public sector roles offer a more inclusive route into the accountancy profession according to the ACCA, which says global research suggests this is a more effective option for those from comparatively lower socio-economic backgrounds

23 Nov 2018

Careers

Public Sector

Business

Companies

Accountancy Firms

Business | Investment Association tightens guidance on exec pay

The Investment Association (IA) says FTSE 350 companies need to do more to respond to concerns over executive pay rates, or face further shareholder rebellions on remuneration, and has published new guidelines for best practice

23 Nov 2018

Business

Companies

Accountancy Firms

Pensions

Leadership & Management

Business | Hurst: improving Excel spreadsheets with cloud add-ons

File linkages, broken formulae and lack of time to analyse multiple scenarios are but a few problems that come with the use of Excel spreadsheets but cloud-based add-ons can help address these issues, explains Simon Hurst of the Knowledge Base

23 Nov 2018

Business

Companies

Accountancy Firms

AI & Technology

Business | Restaurant owner faces jail over £200k tax fraud

The owner of three Indian restaurants in Dorset has been jailed for a £203,763 tax fraud after an investigation by HMRC

23 Nov 2018

Business

Companies

Called to Account

Tax | 30 months to build Brexit IT systems, HMRC tells committee

Appearing before the Treasury committee, senior HMRC figures including Jon Thompson admitted that building post-Brexit IT systems could take longer than two years, and defended HMRC’s approach to tackling disguised remuneration arrangements

22 Nov 2018

Tax

Business Tax

International Tax

VAT

HMRC

Tax Compliance

Tax Planning

Politics

Business

Companies

Business | Kreston Reeves sees 11% rise in fee income

South East-based accountancy firm Kreston Reeves has reported an 11% increase in fee income, with revenue of £37.38m for the financial year ending 31 May 2018, up from £33.78m the previous year

22 Nov 2018

Business

Companies

Accountancy Firms

Leadership & Management

Business | Charities failing to report reserves accurately

Most large charities are unclear about the level of reserves they hold, a Charity Commission review has found, which raises the possibility that some may not be clear about their financial health

22 Nov 2018

Business

Companies

Accountancy Firms

Charities

Tax | DUP silence allows Finance Bill amendments through

Divisions over the government’s Brexit agreement has caused Northern Ireland’s Democratic Unionist Party (DUP) to deliver a stinging blow by failing to back the government on amendments to the Finance Bill proposed by opposition parties

21 Nov 2018

Tax

Business Tax

Personal Tax

Tax Compliance

Tax Planning

Law and Regulation

Budget

Politics

Business

Companies

Business | Director’s bankruptcy restrictions extended

A Leicester taxi driver has had his bankruptcy restrictions extended by nine years following an Insolvency Service investigation which showed that he had gifted property to family members to avoid paying creditors

21 Nov 2018

Business

Companies

Restructuring & Insolvency

Called to Account

Business | Business risks as workers in dark over Brexit

Most workers have been left in the dark by their employers over what Brexit will mean for the business according to KPMG research, which warns firms need to do more to explain to EU nationals in particular what the impact will be, or risk compromising growth

21 Nov 2018

Business

Companies

Business | Charities: countering money laundering risks - part 7

Jonathan Orchard, partner at Sayer Vincent, looks at how charities can navigate the risks associated with activities in foreign countries and unusual donations and avoid involvement with money laundering and terrorism 

21 Nov 2018

Business

Companies

Accountancy Firms

Charities

Business | Begbies Traynor hunts £20m owed from collapsed travel operator

Paul Stanley and Dean Watson, partners at Begbies Traynor, have been appointed as joint compulsory liquidators of Omega Travel and have launched an urgent investigation to recover more than £20m owed to creditors of the collapsed travel agency firm

20 Nov 2018

Business

Companies

Accountancy Firms

Restructuring & Insolvency

Business | Government outsourcers to provide business ‘living wills’

In the wake of the collapse of outsourcer Carillion, the government is planning to ask suppliers to provide ‘living wills’ which outline their plans in the event of business failure where another provider may need to step in or the government may need to bring services in-house

20 Nov 2018

Business

Companies

Accountancy Firms

Restructuring & Insolvency