Insight / Black History Month: building blocks for real inclusion

EY’s Mduduzi Mswabuki explains the steps his firm is taking to create a place where everyone feels they truly belong, including the importance of allies and sponsorship

Insight / Lack of Covid support schemes hits travel sector

As half-term and Christmas holiday plans remain uncertain in the face of an upsurge in coronavirus infections and moves to introduce regional lockdowns, research shows the travel sector is heavily reliant on furlough scheme, with new measures failing to provide support

Tax / HMRC opens portal for WFH expenses claims

Over 50,000 taxpayers have used a new online portal to claim tax relief for working at home during the pandemic in the first ten days of its operation, HMRC has revealed

Insight / Audit firms ‘overlooked’ in Brexit trade negotiations

The UK’s professional and business services sector, including accountancy and audit firms, is at risk because of the government’s failure to nail down future UK-EU arrangements on trade in services, a House of Lords committee has warned

Insight / FRC wants more diversity at top of profession

The Financial Reporting Council (FRC) is calling on accountancy firms to prioritise increased diversity at the most senior levels of management, with partners being the least diverse when it comes to gender, ethnicity and disability, according to its latest report on the profession

Insight / Finance sector recognised in Queen’s Birthday Honours

The former CEO of Grant Thornton, the billionaire brothers who recently acquired Asda and the head of GlaxoSmithkline are amongst those from the finance sector named in the Queen’s Birthday Honours List 2020

Insight / Job support scheme expanded, three tier lockdowns to come

With the government set to introduce localised Covid-19 lockdowns of varying severity, the job support scheme (JSS) is to be expanded to support businesses required to close their doors as a result of coronavirus restrictions

Tax / Quantum employment forcing tax and pay admin shift

The rise of the self-employed ‘quantum worker’, who takes on multiple assignments, demands a change in how businesses manage their payroll and tax management, says John Whelan, CEO of My Digital

Insight / People in the news: Thomas Westcott, MHA MacIntyre Hudson, EY

In this week’s accountancy career moves, partners appointed at Thomas Westcott, MHA MacIntyre Hudson and Deloitte, financial services leader named at EY, and associate director appointed at RSM

Insight / Deloitte appoints new audit leadership line-up

Deloitte has announced its new audit and assurance leadership team as the firm begins to implement operational separation of audit and other service lines

Insight / Black history month: Young black talent key to long-term business representation

Marking the start of Black History Month, EY’s Zaheer Ahmad sets out what his firm is doing to tackle low black numbers in the accounting profession, including 30% targets for black work experience and school leaver recruitment

Insight / How accounting practices succeed in difficult times

Faced with the Covid-19 crisis, forward thinking accountants have flourished while more traditional firms have struggled. Shane Lukas of AVN, the accountants’ association, sets out how firms can succeed while others fail

Insight / Billionaires’ wealth hits record $10 trillion

Billionaires have continued to thrive despite the current Covid-19 disruption, amassing a new high of $10.2 trillion, surpassing the previous peak of $8.9 trillion which was reached at the end of 2017

Insight / Covid-19: guidance on furlough job retention bonus

HMRC has published guidance on how businesses can claim the government’s £1,000 job retention bonus, available to employers who keep furloughed workers on the payroll for the next three months

Insight / Pandemic changes retirement plans

Coronavirus has altered the retirement plans of one in eight older workers, with one in three reporting a worse financial situation, according to research by the Institute for Fiscal Studies (IFS)