Business

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

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 / 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

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 / Follow up Covid-19 guidance for pensions administrators

The Pensions Administration Standards Association (PASA) has issued follow up Covid–19 guidance designed to highlight best practice for administrators as they navigate their way out of lockdown and businesses adopt new ways of working

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

Tax / Covid-19: tax-free childcare extended

Tax-free childcare has been extended to 31 October for parents who may have fallen below the minimum income requirement, and critical workers who may have exceeded it

Insight / New buyer is theme park’s ticket to ride out administration

PwC has found a European buyer for a third-generation family-run theme park in Tamworth, which went into administration after experiencing cashflow difficulties, putting 600 jobs at risk

Insight / Mid-sized businesses have only nine months’ funding

Most of the UK’s medium-sized companies say they only have sufficient funding to continue trading for the next nine months, although a third say they are starting to recover from the impact of the Covid-19 disruption, according to research by BDO

Tax / HMRC appoints Holliday as tax assurance commissioner

Justin Holliday, HMRC’s chief finance officer (CFO), has been named as tax assurance commissioner, replacing Melissa Tatton who is moving to Ofcom from September

Insight / DW Sports administration exercises BDO

BDO business restructuring partners, Graham Newton and Ryan Grant, have been appointed joint administrators of fitness chain Dave Whelan Sports Ltd (DW Sports), which has collapsed putting 1,700 jobs at risk

Insight / Championship play-off winner to collect £160m revenue boost

The winner of tonight’s Championship play-off final will score up to £160m in additional revenue over the next three seasons, with contenders Brentford and Fulham competing in the most valuable match in world football, according to Deloitte

Accounting / Bank of Ireland slapped with €1.66m regulatory fine

The Bank of Ireland (BOI) has been fined €1.66m (£1.49m) and reprimanded for a series of regulatory breaches causing loss to a client, and for misleading the Central Bank in the course of its investigation

Tax / Q&A: VAT on the Eat Out to Help Scheme

In our regular Q&A series from Croner Taxwise, VAT adviser, Tony Chamberlain explains the VAT implications of the Eat Out to Help Scheme, do restaurateurs only pay VAT to HMRC on the discounted amount or full value of the bill?
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