Insight / Covid-19: budgeting for health and safety upgrades

As businesses begin to bring staff back into the office, KnowYourMoney’s Nic Redfern casts an eye over the necessary steps to make work spaces safe

Insight / FTSE finance chiefs’ pay cut by 12% as Covid-19 bites

Investor pay revolts reached a five-year low last year as boards keep stricter watch on remuneration, Deloitte survey of FTSE 100 executive pay reveals

Insight / Q&A: using rental losses against pension income

In our regular Q&A series from Croner Taxwise, tax adviser, Marsha Haywood explores where an individual may make a claim to set a rental business loss against their general income (pension income)

Insight / FCA warning on relending by high-cost lenders

The Financial Conduct Authority (FCA) has sounded alarm bells about the relending practices used by firms that offer high-cost credit, saying they risk pushing vulnerable borrowers into further debt

Insight / ONS: employment plummets by largest margin in a decade

Employment fell by 220,000 between April and June, according to Office for National Statistics (ONS) survey, the largest decrease in over a decade

Tax / Coronavirus: essential updates for accountants, tax advisers and auditors

To assist accountants, tax advisers and auditors in dealing with the coronavirus crisis, all our related covid-19 coverage will be available here as soon as new announcements are made, plus expert analysis

Insight / Watchdog investigates Birmingham charity over governance failings

The Charity Commission has opened a statutory inquiry into the Birmingham Education Trust over concerns about the management of the charity by its trustees, including whether its financial controls are adequate

Technical Alerts

10 Aug 2020

Tax / Unexpected tax bills on horizon from coronavirus grants

Depending on how businesses and self-employed individuals prepare their accounts, there could be unexpectedly large tax bills for those that have received small business or retail, hospitality and leisure grants during the pandemic as early as this tax year, explains RSM’s Caroline Hulse

Tax / HMRC scores as football tax probes triple in one year

The number of HMRC investigations into the tax affairs of professional football players has hit nearly 250, with focus on image rights deals, UHY finds

Insight / Property developers banned over tax debt

Two Scottish property developers have been disqualified after failing to pay tax on a land deal

Tax / Non-dom taxpayer numbers stable

The number of individuals claiming non-domiciled taxpayer status in the UK has stabilised at an estimated 78,000 according to the latest HMRC figures, suggesting fears that a tougher tax regime would see many leaving the country are unfounded

Accounting / Global AML fines reach £540m with reoccurring failures

The first half of 2020 has seen an uptick in anti-money laundering (AML) fine values globally totalling £540m compared to 2019’s full-year-total of £340m, according to Duff & Phelps

Insight / KPMG serves up administration at Byron

Will Wright and Steve Absolom, partners from KPMG’s restructuring practice, have been appointed as joint administrators to Byron Hamburgers Ltd, and put a pre-pack deal on the table as challenging trading conditions saw the casual dining chain shed more than half its jobs 

Technical Alerts

7 Aug 2020

Insight / Called to account: August 2020

In this month’s scandals, convictions and penalties, first arrest over fraud involving the furlough scheme, boss banned for paying himself bonuses as the company went into liquidation, and restaurateurs served with bans over tax failures

Insight / Chancellors and financiers on peerage list

One of the accountancy profession’s staunchest critics joins two former Conservative Chancellors of the Exchequer and senior figures from the financial services industry on the list of 36 new peers created last month

Insight / FTSE 100 CEO pay flat in 2019

Pay packages for FTSE 100 bosses remained flat this year and are likely to fall as a result of Covid-19, but CEO pay levels remain over 100 times greater than the average UK full-time worker

Insight / BAME 2020: Vincent Egunlae, associate, Grant Thornton

In the first of a series, Accountancy Daily speaks with those fighting to improve BAME representation within the accountancy profession. Vincent Egunlae, founder of Grant Thornton’s Ethnicity Group, highlights barriers to the profession, the importance of inclusion and the need for frank discussions

Insight / BAME firm survey 2020: slow progress despite BLM push for change

In Accountancy Daily’s third survey of ethnic diversity within the UK’s top accountancy firms, data reveal partners and staff remain overwhelmingly white while Black Lives Matter movement forces concrete action

Tax / Finance Bill 2020-21: legislation and consultations announced

On 21 July, the government released draft legislation for this year's Finance Bill, plus details of the consultations first trailed at the Spring Budget, Accountancy Daily has consolidated these announcements with full details below

Insight / People in the news: Blick, RSM, KPMG

In this week’s accountancy career moves, CEO appointed at Blick Rothenberg, partner promotion at RSM and EY, and KPMG names their global head of tax and legal services

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