Leadership & management

Tax / HMRC CEO’s warning over job retention bonus

HMRC CEO Jim Harra has challenged the Chancellor over the Job Retention Bonus Scheme set out in this week’s summer economic update, saying that the £1,000 bonus to be paid to employers who bring back furloughed staff may not be cost effective

Insight / Chancellor’s statement boosts training options

The Chancellor’s £30bn plan for jobs, which will see the current furlough scheme wound down in favour of a series of measures to encourage the creation of new positions, has been broadly welcomed for its focus on younger workers, and the opportunities for re-training

Insight / ‘Amnesty’ planned for furlough breaches

The government plans to offer an ‘amnesty’ to employers who have furloughed employees during the coronavirus crisis without meeting the formal conditions of the scheme, enabling them to repay  sums without penalties or further sanctions

Tax / Chancellor urged to go further with Covid-19 support

Early reaction to the Chancellor’s summer update of measures to combat the economic challenges posed by Covid-19 has been largely positive, although there has been surprise at the lack of support for some badly affected sectors such as retail and aviation

Tax / Summer update: Chancellor offers job funding, VAT cuts and eat out discounts

Just four months after his first Budget, Chancellor Rishi Sunak has unveiled a summer economic update designed to mitigate the impact of the Covid-19 pandemic, with a commitment to encouraging job creation through a government ‘plan for jobs’ and stimulus for consumer spending

Tax / HMRC names new deputy CEO

Angela MacDonald has been named as the HMRC’S new deputy chief executive, succeeding Jim Harra who vacated the position in October 2019 when he took on the top role as HMRC’s chief executive

Insight / Opinion: Don’t bar Branson from bailouts

Despite calls for UK corporates registered offshore to be denied government help during the coronavirus crisis, Andersen Tax’s Miles Dean argues that support could save thousands of jobs

Audit / FRC gives four-year deadline for Big Four audit separation

The Financial Reporting Council (FRC) has given PwC, EY, KPMG and Deloitte four years in which to agree to operational separation of their audit practices, in a bid to drive up audit quality and end what the regulator dubbed ‘persistent cross subsidy’ from the rest of the firm

Insight / Push to widen FTSE board diversity

The 30% Club, which has been campaigning for better representation for women on boards for a decade, has announced new diversity targets for UK companies over the next three years, including greater BAME representation at the top level in big companies

Insight / Calculating the Self-Employed Income Support Scheme - CPD module – NEW

This month's exclusive Accountancy Daily CPD module focuses on the eligibility criteria and calculating how much a client can claim through the Self-Employed Income Support Scheme (SEISS)

Tax / Six rules you need to know: flexible furlough system

Here are the rules employers and employees need to know to access the government’s flexible furlough scheme that launches on 1 July, explained by Alan Price, HR expert and CEO at BrightHR

Insight / Lockdown has highlighted UK’s widening skills gap

The Chartered Institute of Management Accountants (CIMA) calls on the government to look beyond the short-term and address the UK’s long-standing productivity woes, focusing future investments in skills in industries to help compete on the world stage and address social mobility

Accounting / Accountants ‘unsung’ heroes

Accountants are gaining recognition as the unsung business heroes of the current pandemic, with research suggesting they are the key go-to advisor, while a business improvement consultancy has launched a new award to acknowledge their contribution

Insight / How to support staff mental health after lockdown lifts

From ensuring the right level of PPE through to helping vulnerable staff, Nuffield Health’s Brendan Street sets out the key points that employers need to think about as staff return to work

Accounting / What lies ahead for accountancy firms large and small

From the Big Four to sole practitioners, there will be winners and losers. Carbon Accountancy’s John Leyden sets out the future challenges, from paying staff and partners to changing business models and keeping clients
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