Companies

Pensions

Image for ftse ceos earn 183 times average worker C2 A349m

HR | FTSE CEOs earn 183 times average worker at £4.9m

The average FTSE 100 CEO earned nearly £5m last year, 183 times the average earnings of a full-time UK worker and a slight increase on the previous year, according to annual analysis by the High Pay Centre

17 Aug 2015

Image for rbs cuts overdraft rates business customers

HR | RBS cuts overdraft rates for business customers

Royal Bank of Scotland (RBS), which has come under fire over its treatment of businesses in financial difficulty, is to halve unauthorised overdraft fees for thousands of business customers

17 Aug 2015

Tax | Chancellor tells airport retailers to pass on VAT savings

The Chancellor is calling on UK airport retailers to pass VAT savings on to customers following confirmation that major high street retailers such as WH Smith, Boots and Dixon ask for boarding passes to differentiate non-EU travellers for VAT discounts but do not pass on savings to individual travellers due to pricing issues

13 Aug 2015

Tax

VAT

Image for ftse 100 pension liability doubles 10 years

HR | FTSE 100 pension liability doubles in 10 years

Over the last 10 years, the total pension liability of FTSE 100 companies has almost doubled, according to calculations by financial and actuarial consultancy LCP which suggest the financial risks to pension sponsors are increasing under IAS 19 reporting requirements

12 Aug 2015

Pensions

Business | Government lifts ban on invoice finance restrictions for SMEs

The government is to ban invoice assignment clauses in business-to-business contracts, whereby large businesses can exclude mainly SME suppliers who use the alternative finance tool to manage their cashflow

10 Aug 2015

Law & Guidance

Image for auto enrolment pensions are you ready rollout

HR | Auto enrolment pensions: are you ready for rollout?

As nearly half a million small businesses are going to have to set up a workplace auto enrolment pension over the next two years, accountancy firms will be at the frontline when it comes to advising clients. Matthew Mitten, director of Enrolsme, provides useful insight and tips on how to get started

7 Aug 2015

Pensions

Finance | Legal updates: August 2015

In this month's roundup of accounting legal cases and legislation, Gateley plc law experts examine the government's delay to plans to introduce a ban on the use of corporate directors, contract issues at stake in Arnold v Britton, and Ace Paper Ltd cases, and tricky interview situations lead to employment tribunal

3 Aug 2015

Financial Reporting

Corporate Governance

Law & Guidance

Image for finance mole heads glastonbury

HR | Finance Mole heads to Glastonbury

As the festival season gets into full swing, Finance Mole takes momentary leave of his senses and takes a bunch of colleagues to Glastonbury. It's all peace, love and music heaven until someone mentions big business and worse still, the role of accountants

24 Jul 2015

Image for toshiba ceo resigns over C2 A3780m profits overstatement

Finance | Toshiba CEO resigns over £780m profits overstatement

The head of Toshiba is to resign after an independent investigation found the Japanese electronics giant had overstated its profits by a total of ¥151.8bn (£780m) over the past six years

21 Jul 2015

HR | KPMG acquires Towers Watson HR service delivery practice

KPMG is to acquire the human resources service delivery (HRSD) practice of HR professional services firm Towers Watson for an undisclosed sum and will take over the comapny's offices in the UK and US, as well as the Asia Pacific region

10 Jul 2015

Image for barclays ends century old pwc contract kpmg scoops audit

Finance | Barclays ends century-old PwC contract as KPMG scoops audit

Barclays has announced it is to appoint KPMG as its auditor for the year ending 31 December 2017, ending a relationship with PwC which has lasted over a century

3 Jul 2015

HR | People in the news: BDO, Shakespeare’s Globe, NEST, FRC

The latest career moves across the accountancy profession from new executive director at NEST to National Audit Office scoops KPMG partner and CFO hire at Shakespeare’s Globe

3 Jul 2015

HR | Grant Thornton invests in tech start-up Geniac to support entrepreneurs

Grant Thornton (GT) has made its first investment in a start-up tech company, backing London-based Geniac in with a deal worth up to £22m to develop the business, which provides accounting and administration services for entrepreneurial small businesses.

3 Jul 2015

HR | Deloitte acquires LRA Worldwide to boost brand consulting arm

In the latest Big Four acquisitions in the consulting sector, Deloitte has acquired substantially all of the assets of LRA Worldwide (LRA), a fast-growing US-based consulting firm specialising in customer experience measurement, and will become part of Deloitte Advisory, the firm’s risk and financial advisory practice

30 Jun 2015

Finance | SMEs need flexible corporate governance framework

A one-size-fits-all approach to corporate governance for SMEs will not work because their needs are so different to those of bigger corporations, and they require a flexible framework in order to boost efficiency and performance, according to research from ACCA

30 Jun 2015