Philip Smith

Philip Smith

Philip Smith is contributing editor at Accountancy Daily and a freelance journalist specialising in accountancy and tax matters. He is a regular contributor to Accountancy, providing indepth analysis and research on FTSE audits and accounting practices. Before embarking on a freelance career he worked as a senior media relations manager for EY and KPMG.

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

Tax / Furlough overclaim probe threat as deadline expires

With HMRC writing to thousands of businesses warning them of investigation risk if they have incorrectly or fraudulently claimed job support grants, now is the time to get records in order, writes Philip Smith

Audit / Audit firms report split progress

As Deloitte reveals plans to implement FRC audit firm split, Accountancy Daily reviews progress ahead of October deadline

Tax / Coronavirus: essential updates for accountants, tax advisers and auditors - Part 1

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 / PwC pushes financial results back to 2021

Big Four firm reveals it will not publish its full results, including profits and partner pay, until January next year, as it grapples with the impact of the pandemic on its business

Insight / BAME firm survey 2020: slow progress despite BLM push for change

In Accountancy Daily’s third survey of ethnic diversity within the UK’s top accountancy firms, data reveal partners and staff remain overwhelmingly white while Black Lives Matter movement forces concrete action

Insight / BAME 2020: Zaheer Ahmad, head of strategic delivery, EY

In the third part of Accountancy Daily’s BAME 2020 series, EY’s Zaheer Ahmad talks about his experience of diversity and inclusion at EY, the police service and the importance of challenging the status quo

Insight / Finablr avoids HMRC business suspension

HMRC drops proposed suspension of payment group’s subsidiaries after original issues addressed

Insight / Firms see important office role but no presenteeism

As PwC expects 50% office capacity by end of September and a more even split between office and home working, other Big Four firms are joining the return-to-office move

Audit / Lookers delays accounts as £19m probe widens

Listed car dealership admits no longer possible to release 2019 financial statements by end of August as scope of audit widens following Grant Thornton investigation into accounts blackhole

Insight / HMRC targets 3,000 employers over CJRS claims

Tax authority steps up compliance activity among those who may need to repay grants

Insight / Local councils face £7bn black hole

Research from IFS predicts massive financial shortfall as local authorities struggling with rising costs and falling income

Insight / Finablr co-chair quits as HMRC suspends money service businesses

BR Shetty, the co-chair of payments group Finablr, stands down with immediate effect following HMRC’s move amid growing accounting scandals at payments group and healthcare company NMC

Insight / Second SEISS opens as more than two million miss out

Despite government claims that 2.7m self-employed workers have benefited from £7.8bn in SEISS grants, support is still not available for those that fall through the cracks

Insight / Smaller firms offer transformed career path for accountancy professionals

The pandemic and need to adopt flexible, agile work are creating ‘great’ opportunities for accountants in small and medium practices
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