Accountancy Daily

Tax | Australian regulatory shake-up post PwC debacle

The tax world has been shaken by the revelations of PwC partners’ involvement in leaks of confidential government tax documents in Australia to multinational clients. Glyn Fullelove, editor-in-chief, Tax Weekly, considers how this could affect UK tax rules

13 Sep 2023

International tax

Insight | Co-founder jailed for $4bn crypto fraud

The co-founder of the fraudulent cryptocurrency scheme, OneCoin, has been handed 20 years behind bars for his involvement in marketing the $4bn scam worldwide

13 Sep 2023

Practice & Industry

Tax | Director loses £80k tax appeal

A director has lost a First Tier Tribunal (FTT) appeal against penalties charged by HMRC for VAT and corporation tax inaccuracies, which totalled £80,666.31

13 Sep 2023

Insight | Brearley & Co acquires Yorkshire firm

Accountancy firm Brearley & Co has extended its presence across Yorkshire with the acquisition of F L Accounting

13 Sep 2023

Practice & Industry

Leadership & management

Insight | UK economy shrinks by 0.5%

The UK economy contracted by 0.5% in July, with falls in all three main sectors, according to data from the Office for National Statistics (ONS)

13 Sep 2023

Practice & Industry

Tax | Half of tax relief claims invalid under R&D rule changes

UK companies risk falling foul of new regulation involving the submission of tax relief claims for research and development (R&D), warns accountancy firm Azets

13 Sep 2023

Practice & Industry

12 Sep 2023

Tax | Q&A: salary sacrifice and parking expenses

In this week’s Q&A, Croner-i payroll advisor Joe Tabois, explains the tax and benefit in kind implications of claiming parking expenses

12 Sep 2023

Insight | Plans for insolvency watchdog abandoned

The government has backed down on plans to create a single insolvency watchdog and will leave oversight to professional institutes like ICAEW and ICAS

12 Sep 2023

Practice & Industry

Insight | Management consultant jailed for £850k will fraud

A retired management consultant has been jailed for five years after defrauding vulnerable people out of nearly £900,000, which he used to fund a gambling addiction and holidays

12 Sep 2023

Practice & Industry

Called to account

Insight | Dains acquires Midlands accountants HSKSG

Private equity backed Dains Accountants has acquired HSKSG as part of its strategy to become one of the Top 30 firms

12 Sep 2023

Practice & Industry

Leadership & management

Insight | Poundland snaps up 71 Wilko stores

Poundland owner Pepco has agreed to take on up to 71 Wilko stores, with staff working at the sites given priority for jobs once the sale has been completed

12 Sep 2023

Practice & Industry

Accounting | Narrow scope amendments to IFRS proposed

The International Accounting Standards Board plans a number of narrow-scope amendments to clarify wording on IFRS accounting standards

12 Sep 2023

Insight | Ministers ignore departmental fraud crisis

MPs have criticised the government for failing to take action to recover fraud and error losses of up to £28bn a year

12 Sep 2023

Practice & Industry

Audit | PwC hired to audit Bazalgette Finance

KPMG has resigned as auditor of listed Bazalgette Finance plc and will be replaced by PwC with immediate effect in a Big Four swap

12 Sep 2023

Corporate governance

11 Sep 2023

Tax | HMRC overlap relief form goes live

Following a short delay, HMRC has sorted out the outstanding IT issues and launched an online service to support affected taxpayers with calculations for overlap relief

11 Sep 2023

Insight | Oil director banned for £2.4m investment fraud

A Scottish director has been hit with a 14-year ban after running a Ponzi-like scheme to pocket millions of pounds from investors

11 Sep 2023

Practice & Industry

Called to account

Tax | Banker loses £1.6m Bermuda tax avoidance case

A taxpayer has been ordered to pay a reduced penalty after losing a First Tier Tribunal appeal related to the use of a tax avoidance scheme

11 Sep 2023

Insight | Wilko rescue deal collapses

Budget retailer Wilko will have to close 400-plus stores after talks with potential buyers failed to deliver a rescue deal

11 Sep 2023

Practice & Industry

Insight | MHA Moore and Smalley hires record trainees

MHA Moore and Smalley has taken on a record 48 trainees and apprentices across its seven offices

11 Sep 2023

Practice & Industry

Tax | HMRC signs £4.4m cloud IT contract with Kyndryl

HMRC has signed a deal with former IBM spinout company Kyndryl to help manage its mainframe servers and prepare for more cloud migration

11 Sep 2023

Practice & Industry

Insight | Blick Rothenberg launches Japan tax desk

Blick Rothenberg, part of Azets, has set up a Japan desk to assist companies and individuals from both countries with tax issues, setting up a business and mobility issues

11 Sep 2023

Practice & Industry

Leadership & management

Insight | Plan to offer dual membership for ICAEW and CIPFA

CIPFA and ICAEW will launch a fast-track route for newly-qualified CPFA and ACA accountants to gain designation of both institutes and qualify for dual membership

11 Sep 2023

Practice & Industry