Practice & Industry

Insight / FCA warning on LIBOR transition by year-end

The Financial Conduct Authority (FCA) has warned firms that they must make sure they can complete their transition away from LIBOR to a new sterling benchmark before the end of the year

Insight / Covid prompts 21% slump in tax advisory revenues

The impact of Covid-19 has seen the UK’s tax advisory market contract by one fifth (21%), more than double the global level of decline, according to a report by Source Global Research

Insight / Covid puts 250,000 small businesses at risk of failure

Some 250,000 small businesses are at risk of closure as a result of the pandemic according to the Federation of Small Businesses (FSB), which is calling on the government to provide more support for the sector during the latest national lockdown

Tax / Q&A: define an SME for R&D purposes

In our regular Q&A series, Croner Taxwise, tax consultant, David Woolley, explains how to define when an SME becomes a large business for research and development (R&D) purposes

Insight / Treasury consults on new cryptoassets regulatory regime

The Treasury has kicked off a consultative process on proposals for a new regulatory approach to cryptoassets and stablecoins, with a three-month call for evidence from industry and stakeholders

Insight / CFOs predict post-Covid home working shift

CFOs at some of the UK’s biggest companies are predicting a five-fold increase in home working by 2025, along with hikes in the levels of corporate and individual taxation as a result of the pandemic

Insight / 2021: what’s in store for accountants in the year ahead?

After one of the toughest years ever as the covid-19 pandemic wreaked havoc, Zak Jakubowski talks to leading accountants and industry experts about their hopes and predictions for 2021

Insight / People in the news: BDO, PwC, NAO

In this week’s accountancy career moves, partner appointments at PwC, 20 partner promotions at BDO, CFO named at John Laing Group, and NAO adds two non-executive members

Insight / FTSE 350 pension deficit almost doubles

The twin challenges of Brexit and Covid-19 have seen the FTSE 350 pension deficit nearly double during the year, with scheme trustees urged to look for opportunities to reduce risk

Insight / Call for consistent Business Bounce Bank Loan recovery scheme

The Treasury needs to ensure it implements a clear and consistent policy for the repayment or recovery of business bounce back loans (BBLs), or risk losing out on some £6bn, the Credit Services Association (CSA) is warning

Insight / 6 January marks ‘High Pay Day’

By the end of today, earnings for the typical FTSE 100 CEO will have surpassed the total annual wage for a full-time worker in the UK, according to research from the High Pay Centre

Tax / DAC 6 to be replaced by OECD rules

There are to be changes to the way UK intermediaries report cross border tax arrangements post-Brexit, with the EU DAC directive set to be replaced by OECD rules later this year

Insight / £4.6bn in additional lockdown business support

With a new national lockdown starting tomorrow and set to last at least until mid-February, the Treasury has announced £4.6bn in additional grants to support businesses which are forced to close

Insight / SEC tackles Ripple over digital asset offering

The Securities and Exchange Commission (SEC) is set to take legal action against Ripple Labs, the fintech company behind XRP, the third-largest cryptocurrency, alleging it raised over $1.3bn (£1bn) through an unregistered, ongoing digital asset securities offering

Tax / Director’s national insurance calculations - CPD module

This month's exclusive Accountancy Daily CPD module focuses on director’s national insurance contributions, understanding the special calculation rules and which, if any, exceptions may be available to exempt them