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HR | 2016: what's in store for accountants in the year ahead

What does 2016 have in store for accountants and tax advisers, auditors and finance directors? We ask the experts about their concerns for the new year from a raft of tax and accounting rule changes to an overhaul of audit rules. Bill Dodwell at Deloitte, Richard Morley at BDO, Danielle Stewart at RSM, Smith & Williamson's Tina Riches and Raj Mody at PwC share their insights

4 Jan 2016

Accountancy Firms

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Business | ICAS audit of Christmas figures shows average spend £796

The average UK household is planning to spend £796 on Christmas this year, according to an audit of festive figures by ICAS, which has pulled together Noel numbers from a range of sources, meaning total festive spend is providing an essential boost to the economy

24 Dec 2015

Tax | National Living Wage will cost business £1bn a year

The introduction of the National Living Wage (NLW) to replace the National Minimum Wage (NMW) from April 2016 is set to cost businesses around £1bn, according to the Regulatory Policy Committee (RPC), the government’s appointed independent verification body, which is charged with scrutinising the underlying evidence base for regulatory proposals

15 Dec 2015

Tax | Pfizer merger takes advantage of 12.5% Irish corporation tax

US company Pfizer is to take over Dublin-based rival Allergan in a record breaking $160bn (£105bn) deal which will see the company cut its US tax bill by moving to Ireland, just days after the Obama administration indicated it planned to stop so-called ‘inversion’ deals whereby multinationals profit shift to minimise their tax bills

24 Nov 2015

International Tax

HR | Financial controllers top earnings league for accountants

Accountants and compliance managers are some of the roles in highest demand in the UK at the moment with overall salaries predicted to rise by an average of 3% across the board in 2016, compared to last year’s figure of 2.6%, there are some roles expecting to outshine the average and receive around double that with rises of between 5.7% and 7.4%

23 Nov 2015

Leadership & Management

HR | Government forced to revisit employee consultation in insolvency cases

The government plans to hold further discussions on how to improve the employee consultation process when a company is facing insolvency, after the initial Insolvency Service consultation indicated tensions between insolvency law and employment law may be causing difficulties, but has been accused of not acting quickly enough

23 Nov 2015

Leadership & Management

Accountancy Firms

HR | People in the news: PwC, RSM, Guernsey Finance, Kreston Reeves

This week’s career moves sees senior appointments at PwC and RSM, while Guernsey Finance names chair, and Kreston Reeves expands in Kent with office growth at Pfizer site

20 Nov 2015

Leadership & Management

Accountancy Firms

HR | UK CFOs more negative on outlook than southern counterparts

Business confidence and risk appetite have dipped among Europe’s CFOs, with the fall especially marked in the larger, northern economies according to research from Deloitte which suggests European economies are rebalancing

17 Nov 2015

Leadership & Management

HR | FTSE 100 hits 25% female board numbers, FTSE 350 lags behind

The UK’s FTSE 100 companies have now met a voluntary target of 25% women board members according to the final report from Lord Davies, which says this marks ‘a major milestone’ but calls for a new target of 33% female board members at FTSE 350 firms by 2020

29 Oct 2015

Leadership & Management

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HR | How to survive a disciplinary hearing - advice for accountants

As an accountant or an accounting firm, the prospect of a disciplinary hearing in front of your professional body or even more serious, the accounting watchdog itself - the Financial Reporting Council - can be daunting. Tracy Lacey-Smith, partner at SA Law, examines the key issues to consider when preparing for a disciplinary hearing

29 Oct 2015

Leadership & Management

Accountancy Firms

HR | Governments calls for action on gender pay gap and boardroom roles

The government has announced new measures to eradicate gender pay inequality, which include making larger employers publish information about their bonuses for men and women, extending gender pay gap reporting to include the public sector, and working to eliminate all-male boards in the FTSE 350

26 Oct 2015

Leadership & Management

Accountancy Firms

HR | People in the news: Grant Thornton, Grainger, PwC, Rothmans, RDP Newmans

This week’s career moves see FTSE 350 property group Grainger reshape the board with all women appointments, Grant Thornton names head of tax for Welsh office, PwC boosts education strategy team and Rothmans expands Southampton team

23 Oct 2015

Leadership & Management

Accountancy Firms

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HR | ICAEW shakes up oversight with independent regulatory board

The ICAEW is overhauling the regulatory arrangements at the accounting body to ensure that oversight and governance issues are given a fully independent footing and, as part of the shake-up, it is setting up a new regulatory board with non-accounting professional members

20 Oct 2015

Leadership & Management

Accountancy Firms

Business | PwC to handle administration of Caparo Industries group

A team of administrators, partners and directors from PwC have been appointed joint administrators over a number of companies within the steel group, Caparo Industries group and are now working against the clock to try and protect the 1,700 jobs at risk as a result of the downturn in the steel industry

20 Oct 2015

Restructuring & Insolvency

HR | Accountant in jail over serial frauds

An accountant from High Wycombe has been sentenced to three-and-a-half years in prison after admitting six counts of fraud against her employers, totalling over £250,000, which the court heard was spent on luxury holidays, a new car, jewellery and clothes

16 Oct 2015

Leadership & Management

| Treasury to extend senior managers and certification regime

The Treasury has announced it is to extend the scope of new rules designed to make senior banking staff personally responsible for any wrongdoing within their organisation to cover the wider financial sector, but has dropped the burden of proof of required from top executives

15 Oct 2015

Corporate Governance

Leadership & Management

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Croner Intelligence versus Generative AI

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