When a business makes a profit it is not necessarily as rosy at year end as first thought. Jonathan Amponsah CTA FCCA of The Tax Guys shares some of the biggest mistakes facing owner managed businesses and looks at what can be done to avoid potential pitfalls from misjudging price rises to low margins and a lack of cashflow

There is an urgent need for an ethical framework for the use of big data or there is a risk of undermining the social purpose of financial services according to ICAEW

MHA, the network of regional accountancy firms and UK member of Baker Tilly International, have rebranded the nine UK member firms under the MHA label

Mid-tier firm BDO has confirmed that it is considering various options to hive off the audit practice from the rest of its accounting, tax and business advisory activities to ensure profitability and remove potential conflict, reports Sara White

Top 20 accountancy firm Saffery Champness has opened its first office in Dublin with the acquisition of Grant Thornton Ireland’s media and entertainment practice

Accountancy firm Taylorcocks has rebranded as TC Group in a bid to modernise the group's image and has set up three specialist departments covering financial planning, legal and HR support

Joint managing partners have taken up the reins at BHP, the largest independent firm of accountants in Yorkshire and North Derbyshire

Top 50 chartered accountant and tax adviser firm Hillier Hopkins has appointed Alex Bottom as managing principal effective immediately, replacing Grant Franklin who is stepping down after eight years

KPMG is facing further scrutiny by the Financial Reporting Council (FRC), which is to carry out an assessment of the governance, controls and culture within KPMG’s audit practice, in the wake of its ongoing investigation of the firm’s auditing of collapsed auditor Carillion and the ‘unacceptable’ deterioration in quality highlighted in its annual quality review

Debbie Green, vice president of ERP at Oracle, discusses how finance teams can declutter, improve their productivity and feel more joy using the KonMari approach

The Department for Work and Pensions (DWP) spent £386m on employment support programmes and Job Centre-based support for disabled people in 2017-18, but has only limited evidence of the effectiveness of this funding

MPs want an end to ‘eyewatering’ remuneration packages for top bosses and are calling for companies to do more to link executives’ pay to that of the rest of their workforce, in the wake of ‘shaming’ decisions such as those at Persimmon, Royal Mail and Unilever

Artificial intelligence (AI) can reduce the volume of transactional work and improve productivity through the use intelligent accounts payable management systems but it cannot replace humans. Alan Rajah, partner at Lawrence Grant Chartered Accountants, examines the use of AI in accounting and finance teams

The level of fraud in businesses is growing exponentially but the only way to get to grips with the scale of the problem is to drill down to the fundamental reasons why it happens and risk factors for finance departments, says Arun Chauhan, founder and managing director of Tenet Compliance & Litigation

ICAEW plans to open up some of the professional content currently available exclusively to faculty members with a new pay-per-view system, which will allow all members to buy one-off guidance without joining a faculty