Leadership & management

Insight / Three steps to building advisory work in 2021

Accountants have inevitably been giving their clients free business advice this year as they face up to the challenges of the pandemic, but can now turn this into profitable business. AVN’s Shane Lukas highlights the pitfalls and tips on how to expand advisory services in 2021

Insight / Fulfilling continuing professional development (CPD) requirements

Michelle Roberts ACA from the Croner-i Audit & Accounting technical author team summarises CPD requirements for accountants and how Croner-i can help

Insight / ICAEW report identifies post-pandemic working changes

Post-pandemic, 90% of businesses worldwide expect working life to look different, according to an international survey by ICAEW, which also underlined the need to address growing mental health concerns

Accounting / PwC posts 3% rise in revenues, 8% fall in profits

In common with others of the Big Four, PwC acknowledged this year’s financial results have been impacted by Covid, with revenues up by 3% at £4,380m but profits falling 8%, resulting in a 10% cut to partner payouts

Insight / People in the news: Diverso, Hentons, Grant Thornton

In this week’s accountancy career moves, partner appointments at Diverso and Hentons, 12 named in Grant Thornton Inclusion Advisory Board, and two senior finance hires at Fortus

Insight / Accountancy jobs in 2021: Covid catalyst

What will be the employment trends in watch out for in 2021? Matt Weston, head of recruiters Robert Half sees Covid-19 as a catalyst for business transformation, with accountants at the forefront of a changing environment

Insight / EY reports 5% growth in face of Covid-19 disruption

EY has reported a 5% increase in UK fee income over the past year, buoyed by the firm’s pre-pandemic performance, but average profit per partner has dropped to £667,000 and an additional 10% of partner distributions have been retained due to continuing Covid-19 uncertainty

Insight / London put under tighter Covid restrictions

All 32 London boroughs, the City of London, and parts of both Essex and Hertfordshire, are to be under the strictest of the three levels of coronavirus restrictions from tomorrow, the government has announced

Insight / Beyond Brexit: hiring employees after immigration rules change

The end of freedom of movement and changes to immigration rules effective from 1 January 2021 affect employee recruitment, while travel limits for business travel also need to be factored in. Lindsey Barras, immigration lead at PwC UK, sets out five tips for employers

Insight / BDO does U-turn on £4.1m furlough repayments

BDO has bowed to public pressure and announced it is to return £4.1m of furlough money back to the government, after facing a backlash when the mid-tier firm revealed its partners were receiving more than £500,000 each on average

Insight / Government commits to net zero economy

The government has set out its plans to clean up the UK’s energy system while keeping bills affordable as part of its strategy to transition to net zero by 2050

Insight / People in the news: Thomas Westcott, Johnston Carmichael, ACCA

In this week’s accountancy career moves, partner appointments at Thomas Westcott and ReSolve, three office heads named at Johnston Carmichael, and two directors appointed at ACCA

Insight / Only nine FTSE 100 boards have board gender equality

Five years after the government set a target for 33% female representation on the boards of all FTSE 350 companies, just nine of the UK’s top companies have an equal gender split

Audit / Audit reform will fail without fundamental overhaul, warns ICAEW

ICAEW has published a manifesto setting out its vision for the future of audit, saying the success of any changes to firm structure and regulation depends on a clearer understanding of the role and purpose of audit

Insight / People in the news: Knill James, Saffery Champness, GovGrant

In this week’s accountancy career moves, partner promotions at Knill James, chairman re-elected at Saffery Champness, senior tax manager at GovGrant, and directors named at Haysmacintyre