Practice &amp; Industry

Law and regulation

Insight | Tax cuts could cause ‘unsustainable’ rise in debt

In the mini-Budget on Friday, tax cuts could push UK debt to unstainable levels, warns the Institute for Fiscal Studies (IFS)

22 Sep 2022

Insight | Interest rates increased to 2.25%

The Bank of England has raised interest rates by a further 0.5% to 2.25%, rejecting calls for a 0.75% rise supported by some members of the monetary policy committee

22 Sep 2022

Insight | Taxpayer wins case over unfair £1.3k penalty

HMRC has lost an appeal at First Tier Tribunal (FTT) over a dispute regarding late filing penalties between 2019 and 2020, which amounted to £1,300

21 Sep 2022

Insight | Gupta auditor resigns over ‘lack of information’

The auditor of Sanjeev Gupta’s network of steel companies has set out the reasons for its resignation, citing a ‘lack of information’

21 Sep 2022

Insight | EY Global reports $45.4bn record annual revenue

In a record year for the Big Four accounting network, EY Global has reported record revenues of $45.4bn (£40bn) for the financial year ending June 2022, an increase of 16.4%

21 Sep 2022

Careers

Leadership & management

Insight | Energy bills for businesses to be halved this winter

Businesses will be given financial support for six months to cover up to 50% of their energy bills in the latest move by government to mitigate soaring energy costs

21 Sep 2022

Insight | Energy bills hit pub chain Fullers

Fuller, Smith & Turner plc has warned that it is expecting a significant spike in its energy bills this year, with estimated costs of £18m

20 Sep 2022

Insight | Deloitte set to hire 1,000 staff

Deloitte is creating at least 1,000 roles outside of London, with plans to reach a staff count of 11,000 in its consulting practice over the next five years

20 Sep 2022

Insight | Auditor resigns from Sanjeev Gupta’s UK businesses

The auditor for a number of Sanjeev Gupta’s network of metals companies has resigned from four of them, following an investigation by FRC

16 Sep 2022

Insight | People in the news: Dains, Evelyn Partners, Cowgills, RBK

In this week’s accountancy career moves, chairman for Dains, partner promotions and senior hires at Azets, Evelyn Partners and Cowgills, plus insolvency expertise strengthened at RBK

16 Sep 2022

Careers

Leadership & management

Insight | SMH Group snaps up Malcolm J Harris accountants

Matlock based accountancy practice, Malcolm J Harris Ltd, has merged with Buxton firm, SMH BullockWoodburn

16 Sep 2022

Careers

Leadership & management

Insight | Taking on the uncertain future of financial services

Mark Blakemore, chief financial officer at Compleat Software, looks at how CFOs can protect their businesses as costs rise

16 Sep 2022

Insight | Covid-19 fraud down to £3.9bn

HMRC has revised estimates of the total value of error and fraud to covid support schemes putting the figure at £3.9bn, down from £5.8bn

16 Sep 2022

Coronavirus

Tax | Kreston Global focuses on transfer pricing expansion

Kreston Global has set up a specialist global transfer pricing division, responding to demand from international clients, and expanding services to compete with Big Four firms

15 Sep 2022

Insight | Benefits to be paid early due to bank holiday

The government has confirmed that payments of benefits due to land in accounts on Monday are to be made early due to the Queen’s state funeral

15 Sep 2022