Accountancy Daily

Accounting / Accounting for Brexit part 4: Considerations for companies and directors

In the fourth and final article on the impact of Brexit on audit and accounting, David Duvall MA FCA, Susan Singleton LLB and Fawn Beddows examine some of the key changes that will affect businesses trading in the EU market from 1 January 2021

Insight / Charity founder banned over financial misuse

The Charity Commission has disqualified the founder of Kenya Community Support Network (KCSN) after finding he used the charity to provide significant financial benefits to him and his family

Insight / Annual Investment Allowance £1m cap extended for a year

The Treasury has confirmed that the annual investment allowance (AIA), designed to stimulate investment in UK manufacturing, is to be extended further for an additional year in a bid to counter the current downturn in activity

Insight / FTSE 350 warned over pension perks

FTSE 350 companies are coming under pressure from an influential shareholder pressure group to clamp down further on executive pension perks and to avoid pandemic-related pay uplifts in order to promote fairness and good employee relations

Tax / Coronavirus: essential updates for accountants, tax advisers and auditors - Part 2

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 / Plans for professional indemnity insurance for tax advisers

The government is to consult on plans to make professional indemnity insurance compulsory for tax advisers in an effort to raise standards in the tax advice market

Tax / Q&A: Christmas party tax exemption

In our regular Q&A series, Croner Taxwise, payroll adviser, Samantha O'Sullivan explains whether businesses are able to utilise the £150 exemption at another point in the year, with office Christmas parties looking doubtful with coronavirus restrictions

Technical Alerts

16 Nov 2020

Accounting / International reporting: financial institutions post Covid

In October’s international accounting update, Jeroen Van Doorsselaere considers the impact of Covid-19 on financial institutions and how environmental, social and governance criteria could provide an answer

Tax / Making Tax Digital for corporation tax by 2026

Among the recent crop of tax policy announcements, HMRC is consulting on how the principles established for Making Tax Digital for quarterly online filing could be implemented for corporation tax

Accounting / FCA warns Carillion over misleading reporting

The Financial Conduct Authority (FCA) has warned Carillion and certain of its previous executive directors that it intends to take action over their conduct at the outsourcing company, which collapsed in January 2018

Insight / Five furlough changes you need to know

The latest official Coronavirus Job Retention Scheme guidance published by the government includes ‘increase in flexibility’ and ‘further restrictions’, explains BrightHR’s, CEO, Alan Price as he highlights differences from the original scheme

Accounting / FRC outlines expectations for 2020/21 reporting

The Financial Reporting Council (FRC) has published its annual letter setting out its reporting expectations for preparers of reports and accounts for the year ahead

Accounting / Andreas Barckow named new IASB chair

The trustees of the IFRS Foundation, who are responsible for the governance and oversight of the International Accounting Standards Board (IASB), have appointed Professor Dr Andreas Barckow to serve as the new IASB chair

Technical Alerts

13 Nov 2020

Tax / Tax and the farmer: natural capital, biodiversity and rewilding

Accounting and tax treatment of eco-projects, biodiversity net gain income streams and new subsidies will be essential for all areas of farm tax and succession planning

Tax / Treasury releases tax policy announcements

The Treasury has released a slew of responses to recent consultations, changes to tax policy implementation deadlines, and announced new consultations, including one on Making Tax Digital for corporation tax

Audit / FRC wants auditors to ‘redouble’ efforts to improve quality

The Financial Reporting Council (FRC) is urging auditors to redouble their efforts to remedy inconsistent audit quality, saying this has become even more important in the face of the unprecedented economic turbulence brought by Covid-19

Insight / Accountancy firms in top three for social mobility

PwC has been named the top UK employer for social mobility for the second year running, with Grant Thornton taking second place and KPMG ranked third

Insight / People in the news: Grant Thornton, Quantuma, Baines Jewitt

In this week’s accountancy career moves, partner promotions at Grant Thornton, tax technician appointed at Baines Jewitt, and director named at Quantuma

Insight / Deloitte boosts pensions business

Deloitte has acquired the business and assets of the pension scheme administration and actuarial consultancy arm of Kerr Henderson Group – Kerr Henderson (Consultants and Actuaries) Ltd – in a bid to grow its pensions business

Technical Alerts