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Image for trump tax plan proposes slashing us business tax rate

Tax | Trump tax plan proposes slashing US business tax rate

US businesses will be waiting to see whether newly-elected president Donald Trump goes ahead with the significant changes to the individual and corporate tax codes he outlined when on the campaign trail in the months leading up to the November election, which include slashing the business tax rate to encourage US companies to move profits back onshore

9 Nov 2016

International Tax

Image for insolvency profession self regulation working

Business | Insolvency profession: is self-regulation working?

Benn Richards, senior associate and Lee Ranford, partner at Russell-Cooke LLP examine the regulation of insolvency practitioners, following recent concerns regarding the insolvency regime, its 'self-regulation' and certain regulatory faults

9 Nov 2016

Accountancy Firms

Restructuring & Insolvency

Image for tax body calls postponement mtd prepare businesses and software

Tax | Tax body calls for postponement of MTD to prepare businesses and software

Tax experts from the Low Incomes Tax Reform Group (LITRG) have voiced concerns over HMRC’s ambitious timescale for Making Tax Digital (MTD) reforms and call for them to be postponed to better prepare businesses and test out new software

9 Nov 2016

Image for scots call article 50 debate scottish parliament

Business | Scots call for Article 50 debate in Scottish parliament

Scotland is to intervene in the in the UK government’s appeal to the Supreme Court on the triggering of Article 50 to set the UK Brexit process in motion following last week’s High Court decision that MPs must debate the issue

8 Nov 2016

Image for ots seeks feedback corporation tax simplifications

Tax | OTS seeks feedback on corporation tax simplifications

The Office of Tax Simplification (OTS) has published a progress report and call for evidence on proposals for simplifying corporation tax to ensure computations work for modern companies and is seeking feedback on the options

8 Nov 2016

Accountancy Firms

Image for women finance champion appointed push diversity effort

Business | Women in finance champion appointed to push diversity effort

Jayne-Anne Gadhia, CEO of Virgin Money, has been appointed as the official women in finance champion, with the task of promoting the Treasury’s women in finance charter and the benefits of a diverse workforce across the UK financial services sector

8 Nov 2016

Accountancy Firms

Leadership & Management

Image for slower growth could see ps31bn fall tax revenues

Tax | Slower growth could see £31bn fall in tax revenues

Ahead of the Autumn Statement later this month, research from the Institute of Fiscal Studies (IFS) suggests tax revenues could be £31bn below the Budget forecast by 2019-20 because of lower growth, with Chancellor Philip Hammond needing to borrow an additional £25bn if there are no policy changes

8 Nov 2016

Accountancy Firms

Image for kpmg wins accesso audit bdo

| KPMG wins Accesso audit from BDO

AIM-list Accesso Technology Group, which provides e-ticketing and virtual queuing systems for the leisure, entertainment and cultural markets, has parted company with BDO after four years and appointed KPMG as its auditor

8 Nov 2016

Accountancy Firms

Image for ministry justice trials online alternative tax tribunal applications

Tax | Ministry of Justice trials online alternative to tax tribunal applications

The Ministry of Justice is trialling an alternative to the application process for tax tribunals to provide a quicker online service for people challenging disputed HMRC decisions, although fees will be introduced for the first time to cover administration costs

7 Nov 2016

Accountancy Firms

Image for ex relx tax chief head office tax simplification

Tax | Ex-RELX tax chief to head up Office of Tax Simplification

As part of the initiative to reduce the complexity of the UK's tortured tax code, the government has appointed Paul Morton as tax director of the Office of Tax Simplification (OTS), replacing John Whiting, who is retiring

7 Nov 2016

Accountancy Firms

Image for it supplier reveals misstated accounts over ps20m debt reporting

Finance | IT supplier reveals ‘misstated accounts’ over £20m debt reporting

AIM-listed IT managed services provider Redcentric has announced that an internal audit committee review has uncovered ‘misstated accounting balances’ in relation to the interim results for the six months ended 30 September 2016, and has asked the chief financial officer to leave

7 Nov 2016

Financial Reporting

Accountancy Firms

AI & Technology

Image for carter backer winter acquires financial planning specialist

Business | Carter Backer Winter acquires financial planning specialist

City accountancy, tax and financial planning consultancy Carter Backer Winter (CBW) has acquired Harrow-based Edwards Financial Services Ltd for an undisclosed sum in a bid to broaden its service offering

7 Nov 2016

Accountancy Firms

Image for bdo wins game digital audit deloitte

| BDO wins Game Digital audit from Deloitte

Deloitte has resigned as auditor to video games developer Game Digitalafter a five-year term and will be replaced by BDO, following a competitive tender process which included consideration of ways to reduce the cost of the audit process

7 Nov 2016

Accountancy Firms

Image for ots rejects lookthrough taxation system small business

Tax | OTS rejects lookthrough taxation system for small business

The Office of Tax Simplification (OTS) has rejected the viability of introducing lookthrough taxation for small companies as it would not simplify the current tax system for small business and would deter entrepreneurs

4 Nov 2016

Image for eu money laundering directive will see review psc register rules

Business | EU money laundering directive will see review of PSC register rules

Government plans to implement the EU Fourth Money Laundering Directive to prevent the use of the financial system for money laundering or terrorist financing will cost businesses up to £27m a year in additional compliance costs, while the people with significant control register (PSC) will have to be updated

4 Nov 2016

Accountancy Firms

Image for will accountants really become obsolete

Business | Will accountants really become obsolete?

With the advancement of automated services there is a fear that accountants could become obsolete in the future. Simon Wright, operations director at CareersinAudit.com, discusses how the role of the accountant is changing

4 Nov 2016

Accountancy Firms

B&ADTV

Croner Intelligence versus Generative AI

Keeping up with your CPD and ISQM requirements

People with significant control

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