Leadership & management

Tax / Coronavirus: essential updates for accountants, tax advisers and auditors - Part 3

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 / Mazars retains Phil Verity as senior partner

Phil Verity has been re-elected as senior partner of top ten firm Mazars by the 130 UK partners, and is to serve a third consecutive four-year term, starting from next month

Insight / KPMG administrators to casual dining operator

Will Wright and Steve Absolom from KPMG’s restructuring practice have been appointed joint administrators to casual dining operator Dining Street Ltd and its two subsidiaries, Richoux Ltd and Newultra Ltd, which have seen trade dry up during the pandemic

Insight / People in the news: Wylie & Bisset, Streets, RSM

In this week’s accountancy career moves, partner appointments at Wylie & Bisset, Streets Chartered Accountants, RSM and BDO, managing director elected at Alvarez & Marsal Taxand, and senior tax specialist named at Catax

Insight / Moore Kingston Smith expands with accounting team acquisition

Top twenty player Moore Kingston Smith, the London firm of the Moore UK network, has acquired the audit and accounting business of tax specialist Frank Hirth

Insight / Skills shortage drives demand for jobs, finds Hays

Karen Young, director of Hays Accountancy & Finance, examines the key findings of the annual Hays Salary Guide 2020 which sees 54% of employers planning to recruit staff over the next 12 months

Tax / High income child benefit charge hits basic rate taxpayers

The Low Incomes Tax Reform Group (LITRG) is calling for the high income child benefit charge (HICBC) threshold to rise to avoid it hitting basic-rate taxpayers for the first time in April

Insight / BBC needs to plan for ‘uncertain’ financial future

The BBC is facing an uncertain financial future, with significant challenges to its main source of income, and the need to introduce greater savings, according to the National Audit Office (NAO)

Insight / Financial distress deepens but administrations decline

The number of UK businesses now in significant financial distress has jumped by 13%, but administrations last year fell to historic lows as government support measures offered a pandemic lifeline for many companies

Insight / Pandemic pressure sees exec bonus cuts

More than half of companies reporting in the last six months paid no bonuses to executives, indicating boards are following investor guidance and demonstrating restraint when making decisions on executive pay amid Covid-19

Insight / Push to improve listed company board evaluations

A review commissioned by the Department of Business, Energy and Industrial Strategy (BEIS) has recommended improvements to the way in which independent board evaluations are carried out in the UK listed sector

Insight / SME payment terms slashed to 30 days

Under reforms to the Prompt Payment Code (PPC), the required payment period for larger suppliers to small businesses is to be halved to 30 days, with commitments to be made personally by CEOs or finance directors

Insight / KPMG Channel Islands and Isle of Man merge

Carey Olsen has advised on the cross-border merger of KPMG Channel Islands and KPMG Isle of Man to form a single practice operating across the Crown Dependencies

Insight / People in the news: MHA Larking Gowen, Moore Thompson, Smith Cooper

In this week’s accountancy career moves, partner appointments at MHA Larking Gowen, 12 promotions at Smith Cooper, and chairman named at Sionic

Insight / Pandemic disruption poses threat to 400,000 retail jobs

Changes in working patterns as a result of Covid could result in over 400,000 job losses on the high street, as workers continue to work from home at least part of the week, according to research by KPMG