Leadership & management

Insight / People in the news: CIOT awards, Magma, BDO

In this week’s accountancy career moves, two prestigious CIOT awards granted, two partner promotions at Magma and BDO, CEO elected at Optimum Finance, vice president elected at ICAEW, director named at Moore Kingston Smith

Insight / Accountants prioritise wellbeing

As Covid-19 challenges add to daily stresses, accountants view mental wellbeing as more important and give it a higher priority than other professional groups, including lawyers and management consultants, according to a survey by wealth management firm Saunderson House

Insight / Covid drives FS sector home working

Half of the UK’s financial services workforce want to work from home after Covid-19, according to a report by KPMG and the Financial Services Skills Commission,  suggesting the  dramatic change in working patterns created by the pandemic is likely to lead to a new approach

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

Insight / Make sure holiday and redundancy pay add up under CJRS

Employers using the CJRS are at risk of underpaying holiday, notice and redundancy pay if they get their sums wrong, warns RSM’s Charlie Barnes

Insight / Covid job support package enhanced to match new restrictions

In the face of mounting concerns about the disparity in help available, Chancellor Rishi Sunak has announced changes to the government’s coronavirus job support scheme (JSS) to provide additional funding for businesses placed under tighter restrictions but not legally required to close

Insight / Regulator issues guidance on £170bn pension ‘superfunds’

The Pensions Regulator (TPR) has published new guidance for trustees and employers on transferring to defined benefit (DB) ‘superfunds’, as PwC research suggests up to one million pension scheme members and £170bn of assets could take this route over the next decade

Tax / Further deferral opportunity for self-assessment taxpayers

Following the chancellor’s Winter Economy Plan, Crowe’s Nick Latimer unpicks the implications for self-assessment taxpayers, including an extra 12 months to pay alongside other measures, but warns there are strings attached, including interest and time restrictions

Insight / Deloitte to close four offices

Deloitte is the first of the Big Four to announce it is reducing the amount of office space occupied by the firm as a result of the impact coronavirus has had on working patterns, with plans to shut four of its offices

Insight / Furlough cash: personal risks loom for PAYE/NIC payment failure

Directors using funds from job retention scheme to boost cashflow rather than meet tax liabilities risk being personally liable for penalties, say RSM’s Susan Ball and Jamie Wilson

Insight / People in the news: RSM, Mercer & Hole, ICAEW

In this week’s accountancy career moves, two partners promotions at RSM, two directors named at Mercer & Hole, vice president elected at ICAEW, and CFO appointed at Deutsche Finance International

Insight / FRC names interim chair

Keith Skeoch has been appointed as interim chair of the Financial Reporting Council (FRC), following the sudden departure of the former postholder, Simon Dingemans, in May this year

Insight / Black History Month: building blocks for real inclusion

EY’s Mduduzi Mswabuki explains the steps his firm is taking to create a place where everyone feels they truly belong, including the importance of allies and sponsorship

Insight / Lack of Covid support schemes hits travel sector

As half-term and Christmas holiday plans remain uncertain in the face of an upsurge in coronavirus infections and moves to introduce regional lockdowns, research shows the travel sector is heavily reliant on furlough scheme, with new measures failing to provide support

Tax / HMRC opens portal for WFH expenses claims

Over 50,000 taxpayers have used a new online portal to claim tax relief for working at home during the pandemic in the first ten days of its operation, HMRC has revealed