Sara White

Sara White

Sara White is editor of Accountancy magazine and Accountancy Daily, published by Croner-i Ltd, and is responsible for the Accountancy portfolio which includes monthly print magazine Accountancy, online and digital news service, email newsletters and social media at @accountancylive on Twitter. Any comment and feedback is always welcome so do not hesitate to get in touch by email

Tax / Tax updates: May 2019

In this month’s tax updates, cases include Loose Women’s star IR35 win while Hustle actor’s Big Bad Wolffe company loses NIC appeal, a taxpayer’s unsolicited tax returns are rejected, HMRC wins £40m Hyrax case, IR35 private sector rules released, Treasury reports on loan charge, HMRC consults on PRR and multinationals face CFC clawback

Insight / People in the news: Grant Thornton, Price Bailey, Foxley Kingham

The latest career moves across the accounting profession see senior manager promotions at Price Bailey, partner hires at Grant Thornton and a specialist payroll appointment at RSM

Audit / CMA wants Big Four operational split and mandatory joint audits

The Big Four firms face an operational split between audit and consulting services, and mandatory joint audits of large listed companies, as a result of the Competition and Markets Authority’s (CMA) final report on the UK audit market

Audit / Editor’s comment: audit market in turmoil

A swathe of audit reviews from the fundamental structure of the Big Four audit firms to the very future of auditing standards could reshape the whole profession, but are legislators prepared to make the necessary reforms, asks Sara White, editor of Accountancy Daily

Insight / Accountex 2019 exhibition showcases Making Tax Digital

This year’s Accountex exhibition will focus on Making Tax Digital with over 200 exhibitors including leading software and technology companies, and a keynote from HMRC’s head of MTD Theresa Middleton

Insight / Trustees removed after cash couriering at charity

The Charity Commission has dissolved a poverty aid charity after charitable funds were misused and cash was taken overseas, while trustees were using funds for personal expenses

Tax / Treasury consults on extension of Money Laundering Directive to tax advice

The Treasury has issued a consultation on plans to introduce the EU’s Fifth Money Laundering Directive into UK law, which will bring tax advice into the remit for the first time 

Insight / MHA Carpenter Box rebrands with Brighton office opening

MHA Carpenter Box, the accountancy, tax and wealth management practice has opened a new Brighton office, adding to the existing Gatwick and Worthing locations

Insight / People in the news: Wilson Wright, RSM, KPMG, Wright Hassall

In this week's career moves, Wilson Wright and KPMG announce partner promotions, Wright Hassall scoops tax consultant from HMRC, RSM names national head of accounting and FR, and Grant Thornton names five partners in audit and tax practices

Tax / Accountancy Daily changes newsletter timings

Accountancy Daily is rejigging the timings for its daily newsletters to ensure that all our readers receive breaking news and analysis on the day it happens and relaunching a dedicated morning technical e-alert service

Tax / HMRC trials payroll changes to earlier year updates (EYU)

In a bid to improve payroll reporting, HMRC is running a trial aimed at simplifying the process for reporting corrections by extending the use of the real time information (RTI) full payment submission (FPS)

Audit / Brydon review consults on fundamental overhaul of audit process

Plans to overhaul the audit market have gathered pace with the launch of the government’s public consultation into the quality and effectiveness of audit, looking at the fundamentals of the audit process, purpose and scope, led by Sir Donald Brydon. Sara White reports

Insight / High street decline accelerates at record rate

The high street’s decline is accelerating, with a record number of stores disappearing in 2018 and a sharp drop in the number being opened, according to analysis from PwC which says the increasing cost of occupancy, shift to online and subdued consumer spending are all taking their toll

Insight / Debenhams sold in pre-pack administration

High street department chain Debenhams has gone into administration in a pre-pack as lenders take over control of the group following the appointment of FTI Consulting LLP, putting more high street jobs at risk

Tax / Lifetime allowance for pensions increases to £1.05m

The standard lifetime allowance for pensions has increased by £25,000 in line with CPI inflation to £1,055,000 for the new tax year from 6 April  
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