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

Insight / Pension benefits rules set to align with younger partner

The government is overhauling the date couples can receive pension age benefits so they will only be payable when the second person in the couple reaches retirement age, rather than the eldest as now

Insight / People in the news: UHY Hacker Young, Crowe, Wright Vigar, Kingston Smith

In this week’s career moves, partner promotions confirmed at Knill James, Ashurst and Kingston Smith, while UHY Hacker Young names incoming chairman and new president at ICAS

Accounting / Inngot to help SMEs use intellectual property as funding collateral

Inngot, the online platform for intellectual property (IP) identification and valuation, has been awarded a £250,000 grant from Innovate UK, the UK’s innovation agency, to develop the use of IP as collateral for lending

Accounting / FRC consults on revising standards for investment reporting (SIRs)

The Financial Reporting Council (FRC) is consulting on revisions to the Standards for Investment Reporting (SIRs) in order to meet the new regulatory requirements under the Prospectus Regulations, due to come into force this July

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

Audit / Audit updates: May 2019

In this month’s audit updates, the Competition and Markets Authority (CMA) sets out radical reform proposals including mandatory joint audits, Brydon review launches audit process consultation, the future of the Financial Reporting Council (FRC), review of KPMG’s audit practice, sanctions for Grant Thornton and Baker Tilly, and audit switches at Mothercase and French Connection

Accounting / Accounting updates: May 2019

In this month’s accounting updates, the PRA calls for greater climate change risk reporting while the IASB says it will not move into sustainability reporting standard setting, PwC reports significant accounting irregularities at Datalex, Garden Bridge Trust is slated, and CIPFA consults on first financial management code

Tax / Penalty perils for early enrolment for Making Tax Digital

Businesses that have already signed up for Making Tax Digital for VAT but are yet to file their latest VAT return need to act quickly to avoid possible penalties if they encounter problems making VAT payments on time, the Association of Taxation Technicians (ATT) is warning

Tax / Termination award tax change from April 2020

Rules set to come into force in 2020 will align the income tax and national insurance contributions (NICs) on termination awards and sporting testimonials, closing a current loophole, which allows effective tax planning

Tax / Consultations: May 2019

This month's HMRC and Treasury consultations focus on preventing abuse of R&D tax relief for SMEs, changes to private residence relief, and extension of the Fifth Money Laundering Directive to tax advice

Insight / People in the news: Mazars, Wright Vigar, Withers, RSM

In this week’s career moves in the accountancy world, Mazars ramps up housing team, new hires at haysmacintyre and Withers, office managing partner at RSM and promotions at Wright Vigar

Tax / Trust Registration Service set for online improvements

HMRC plans to expand the online features on the Trust Registration Service where the majority of trusts and estates have to be listed, following criticism of the system, which is slow to navigate and offers limited services

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
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