Practice & Industry

Insight / IRIS acquisition expands cloud offering

IRIS Software Group has acquired Senta, the cloud-based practice management software for accountants and bookkeepers, in a move designed to support moves to Making Tax Digital reporting

Insight / Big Four Alumni Survey: Big Four influencers at FTSE 100

The power and influence of the Big Four accountancy firms is clear to see at the higher echelons of the FTSE 100. Philip Smith analyses the alumni currently holding top jobs across the UK’s largest companies

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 / Consultation on insolvency changes for electronic payment institutions extended

The Treasury has extended by a week the consultation period on proposed insolvency changes for payment institutions (PIs) and electronic money institutions (EMIs), which include establishing a new special administration regime (SAR)

Insight / UK exec guilty of bribery at FTSE 250 engineer

A bribery scandal surrounding FTSE 250 energy infrastructure specialist Petrofac has deepened, with a former senior executive pleading guilty to additional charges relating to corrupt payments made in connection with multibillion pound contracts in the Middle East

Audit / Regulator cracks down on pension scheme governance failures

The Pensions Regulator (TPR) has banned a corporate trustee and one of its directors from acting as pension scheme trustees after multiple governance failures which it said highlighted a lack of competence, capability and integrity

Insight / MPs to investigate corporate insolvency market

An influential cross-party group of MPs is to conduct an in-depth investigation into standards in the UK insolvency profession, in response to claims that some practitioners are prioritising lenders’ interests over those of business or other creditors

Insight / Consulting services drive 9.2% growth at RSM International

RSM International has posted a 9.2% hike in global revenue which hit $6.3bn (£4.6bn) in 2020, up from $5.7bn (£4.2bn) the previous year

Insight / FCA warning on LIBOR transition by year-end

The Financial Conduct Authority (FCA) has warned firms that they must make sure they can complete their transition away from LIBOR to a new sterling benchmark before the end of the year

Insight / Covid prompts 21% slump in tax advisory revenues

The impact of Covid-19 has seen the UK’s tax advisory market contract by one fifth (21%), more than double the global level of decline, according to a report by Source Global Research

Insight / Covid puts 250,000 small businesses at risk of failure

Some 250,000 small businesses are at risk of closure as a result of the pandemic according to the Federation of Small Businesses (FSB), which is calling on the government to provide more support for the sector during the latest national lockdown

Tax / Q&A: define an SME for R&D purposes

In our regular Q&A series, Croner Taxwise, tax consultant, David Woolley, explains how to define when an SME becomes a large business for research and development (R&D) purposes

Insight / Treasury consults on new cryptoassets regulatory regime

The Treasury has kicked off a consultative process on proposals for a new regulatory approach to cryptoassets and stablecoins, with a three-month call for evidence from industry and stakeholders

Insight / CFOs predict post-Covid home working shift

CFOs at some of the UK’s biggest companies are predicting a five-fold increase in home working by 2025, along with hikes in the levels of corporate and individual taxation as a result of the pandemic

Insight / 2021: what’s in store for accountants in the year ahead?

After one of the toughest years ever as the covid-19 pandemic wreaked havoc, Zak Jakubowski talks to leading accountants and industry experts about their hopes and predictions for 2021