Practice & Industry

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 / 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

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

Audit / IESBA sets out five-year strategy on ethics standards

The International Ethics Standards Board for Accountants (IESBA) has published details of its priorities for setting future-ready ethics standards for professional accountants, along with its five year strategy and work plan

Tax / Accountants call for simplification of apprenticeship levy

The apprenticeship levy system remains deeply unpopular with professional services firms in the UK, who view it as an extra tax that complicates learning and development, and should be radically simplified, according to research by the Managing Partners’ Forum

Insight / Payroll salaries increase by 6% as talent battle wages

Salaries for payroll jobs are increasing by up to 6% a year as pressure on recruitment increases with competition for talent and the growing complexity of legislation making payroll an ever increasing technical and specialist role, according to the latest Portfolio Payroll Payroll Salary Survey 2018/19

Insight / Accounting career paths and the future of work

Karina Brown, co-founder of employee growth company GroHappy discusses how careers are changing in accounting and how firms can prepare for the very different work world of the future where technology, robotics and flexible working will challenge traditional practice

Tax / Accountancy Daily changes newsletter timings

Accountancy Daily is rejigging the timings for its daily newsletters to ensure that all our readers receive breaking news and analysis on the day it happens and relaunching a dedicated morning technical e-alert service

Insight / Accountancy bodies slated over anti-money laundering controls

The accountancy sector has come under fire for its approach to anti-money laundering (AML) supervision, with claims many professional body supervisors (PBSs) are failing to supervise standards robustly, partly for fear of upsetting members and because they believe money laundering is not an issue for firms

Tax / Business must plan to avoid Easter BACS payment delays

With Easter 2019 just around the corner, business owners are being urged to plan ahead if they are to avoid missing payments to staff and suppliers over the long Easter bank holiday weekend, according to advice from Pay.UK, which acts as the single operator for all UK retail payments

Audit / Grant Thornton faces FRC probe over Interserve

Mid-tier audit firm Grant Thornton is the subject of a probe by the Financial Reporting Council (FRC) into its auditing of outsourcing specialist Interserve, which went into administration last month, with the regulator announcing an investigation into the firm’s work under its audit enforcement procedure

Accounting / Tips: how to avoid common mistakes undermining profitability

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