Business

Insight / EY and Deloitte named in best 25 big companies to work for list

EY and Deloitte are the only two of the Big Four to have made it into the annual listing of the top 25 best big companies to work for in the UK

Insight / Government’s outsourcing playbook includes suppliers’ ‘living wills’

In the wake of Carillion’s collapse and strong criticism of its handling of outsourcing contacts, the government has issued new guidance on outsourcing decisions and contracting, in a bid to ensure that it gets right more projects from the start, engages with a diverse and healthy marketplace of companies, and is ready for occasions when things go wrong

Accounting / EU’s anti-money laundering country blacklist raises US ire

The US has reacted with fury at the European Commission’s publication of a blacklist of 23 countries, including four overseas US territories, which it says have strategic deficiencies in their anti-money laundering and counter-terrorist financing (AML/CTF) frameworks

Insight / How to deal with an employee who is persistently late

BrightHR chief technological officer Alastair Brown takes a tough line on lateness, explaining how three or more late arrivals should trigger employer action and how to set up a robust attendance policy

Insight / Yorkshire furniture maker breaks down in administration

Lee Lockwood, director at Begbies Traynor, and Ray Claughton, director at Rushtons, have been appointed joint administrators of bespoke furniture maker YTM Group, based in Castleford, which has ceased trading with the loss of over 100 jobs

Tax / Post-Brexit VAT: refunds and MOSS compliance issues

George Bull, senior tax partner and Andy Ilsley, VAT director at RSM assess the latest no deal Brexit VAT guidance from HMRC and warns companies to act now to avoid missing VAT refunds and review MOSS compliance

Audit / MPs ask Big Four for FTSE 350 hospitality data

The Big Four have been asked to give MPs details of their spending on hospitality and entertainment for FTSE 350 clients, along with details of staff targets and progression, as part of the Department for Business, Energy and Industrial Strategy (BEIS) committee inquiry into audit quality

Insight / Early results show gender pay gap widening

With only weeks to go until the reporting deadline, four in 10 private companies that have published their latest gender pay gap are reporting wider gaps than they did last year, according to BBC analysis

Accounting / Half of execs fail to spot financial errors before reporting

More than half of finance professionals and global business leaders are not completely confident they can identify financial errors before reporting results, according to a survey commissioned by software specialist BlackLine

Insight / HMRC adds to no deal Brexit import information

The government has announced plans to phase in for EU imports the pre-arrival forms known as entry summary declarations, if the UK leaves the EU without a withdrawal deal, in a bid to ease trading arrangements post-Brexit

Insight / BDO pilots Flybmi administration

BDO business restructuring partners Graham Newton, Tony Nygate and James Stephen have been appointed as joint administrators over British Midland Regional Ltd, the East Midlands-based airline which operated as Flybmi, and ceased operations at the weekend with all flights cancelled and the loss of around 400 jobs

Accounting / Another slice of Patisserie Valerie sold

Administrators from KPMG have sold a further slice of Patisserie Holding’s business, with the disposal of Baker & Spice to the Department of Coffee & Social Affairs for £2.5m

Insight / Travel agent FD banned over missing £700K

The finance director of a travel agency has been disqualified for 11 years after he misappropriated £700,000 worth of company funds on failed foreign exchange trades

Accounting / Government passes SI to ensure accounting compliance post Brexit

Legislation to protect post Brexit filing exemptions for companies and limited liability partnerships (LLPs) under accounting rules have now been passed via a statutory instrument, SI 2019 No. 145, to ensure compliance with the Companies Act 2006

Insight / Rise in administrations illustrates business nervousness

Last year ended on a challenging note for many businesses, with the total number of companies in England and Wales entering into administration during the fourth quarter on the increase, according to analysis by KPMG
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