Accounting / University launches app to ‘translate’ annual report information

A team of academics at Lancaster University has developed an app to help investors and regulators make sense of hard-to-understand financial reports, after finding that while annual reports have doubled in length in the last decade, there has been no improvement in their readability score

Insight / People in the news: CABA, TaxAssist, Iris, Carey Olsen

In this week’s accountancy career moves, CABA names new president, CEO and chairman changes at Iris Software, TaxAssist franchisees anmed, Carey Olsen expands HK legal team, and cloud accountant for Watson Buckle

Insight / Builder jailed for £110k tax fraud

A Bournemouth builder who evaded almost £110,000 in tax has been jailed over unpaid income tax and NICs 

Insight / Succession planning for business owners

Accountants can play a pivotal role when business owners decide to sell from ensuring the finances are in shape to essential advisory and strategic support. Glen Foster, director, partner sales at Xero, provides tips and advice

Insight / KPMG invests in software engineering degree apprenticeship

KPMG plans to expand its software engineering degree apprenticeship, quadrupling the number of applicants, as the firm embarks on a drive to train more engineers to support its technology team

Insight / AAT launches TV ad campaign to recruit accountants

Accountants from all backgrounds will be starring in television and radio adverts, to be played during the daytime across a range of channels over the next six weeks, as part of a campaign by the Association of Accounting Technicians (AAT) to attract applicants to the accounting sector

Insight / Footballer Diego Costa settles Spanish tax allegations

Brazilian striker and ex-Chelsea star Diego Costa, who now plays for Atletico Madrid, is to pay €1.7m (£1.5m) to Spanish tax authorities to settle allegations of non-payment of taxes on image rights

Insight / Accountancy profession targets A level school leavers

With thousands of students around the country receiving their A levels results today and starting to make decisions about their future, the accountancy sector is keen to set out the attractions of building a career in the sector through trainee programmes

Tax / Retailers demand fix to ‘broken’ business rates

The government is under pressure to take action on business rates, with over 50 major retailers supporting recommendations designed to fix what they describe as ‘the broken business rates system’  

Accounting / Companies House London office is moving

Companies House is relocating its London information centre to Westminster this autumn

Tax / HMRC wins £15m Hargreaves Lansdown loyalty bonus case

HMRC has successfully overturned a ruling on the tax status of ‘loyalty bonus’ rebates made by fund management platform Hargreaves Lansdown, with the result that over 150,000 investors are no longer in line for a £15m repayment windfall

Audit / PwC quits as auditor to AIM listed Staffline Group

Big Four audit firm PwC has resigned as auditor of Staffline Group plc, an AIM listed recruitment and training group, and has already stepped down citing concerns over material uncertainty and contractual obligations  

Audit / Grant Thornton resigns as Sports Direct auditor

Grant Thornton has resigned as auditor of Sports Direct, the day after the high street retailer announced its annual results and said it expected the firm to remain in situ for a further year and potentially until 2027, and despite acknowledged issues over selecting a Big Four replacement

Insight / Travel specialist Elman Wall joins Xeinadin accounting group

London-based accounting firm Elman Wall has joined the Xeinadin group of practices in the latest deal announced by the acquisitive group

Insight / Directors banned over £975k in false invoices

Three directors who secured credit by using their companies to submit false invoices to factoring companies have been banned for a total of 29 years