Insight / Baldwins expands Scottish reach with Scott-Moncrieff merger

Scott-Moncrieff, Scotland’s longest established accountancy firm, is to join Baldwins, part of the fast-growing challenger audit services firm CogitalGroup, which now has a significant Scottish presence via both acquisition and organic expansion

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

Insight / Brexit dominates FCA priorities for year ahead

The Financial Conduct Authority (FCA) has published its business plan for 2019/20, outlining the key priorities for the coming year, but says the immediate priority will remain supporting an orderly transition as the UK leaves the EU

Insight / Big Four consulting projects overshoot on costs

Around 70% of all Big Four audit firm consulting projects end up costing more than the client’s initial estimate, with 18% of projects costing significantly more and only 2% coming in under budget

Insight / Brexit worries weigh on CFOs

As the Easter recess brings a temporary halt to parliamentary discussion about the UK’s plans for leaving the EU, long term levels of concern about Brexit among CFOs has hit an all-time high

Insight / Scammer jailed after tax probe

A serial fraudster has been jailed for four years and nine months after repaying a tax fraud debt with money stolen in another scam

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

Insight / TC Group in south east expansion

TC Group, the new branding for accountancy firm Taylorcocks, has significantly expanded its presence in the south east through a merger with Essex-based Jamesons

Audit / Call to relax 51% rule on audit firm ownership

Reform of the audit market should focus on relaxing audit firm ownership rules, to permit new capital to enter the market to increase competition rather than breaking up the Big Four audit firms

Tax / Businesses warned on winding up perils over unpaid tax

HMRC applied to shut down 4,160 businesses because they had fallen behind on their tax payments in 2018 with financial problems being exacerbated by a late payment culture

Insight / Ex-Top Gear mechanic jailed for helping tax fraudsters

A former mechanic, who helped to build and modify specialist racing cars on the BBC1 television show Top Gear, has been jailed for providing assistance to father and son who fled to Spain before they could be sentenced for a £1m VAT fraud

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

Insight / Baldwins targets Wales with Broomfield Alexander acquisition

Fast growing Baldwins accountancy group, a member of CogitalGroup, has made a further substantial investment in Wales by joining forces with MHA Broomfield Alexander, a leading independent professional firm in south Wales