Zak Jakubowski

Zak Jakubowski is a reporter at Accountancy Daily, published by Croner-i

Insight / CIOT president joins Croner-i’s tax writing team

Glyn Fullelove has been appointed as a senior tax writer at multinational information services company Croner-i as the next phase in a more than thirty year career in tax and finance, Zak Jakubowski reports

Tax / Coronavirus: essential updates for accountants, tax advisers and auditors

To assist accountants, tax advisers and auditors in dealing with the coronavirus crisis, all our related covid-19 coverage will be available here as soon as new announcements are made, plus expert analysis

Insight / Third-party failures can cost companies £783m per incident

Half of companies believe the cost of a third-party incident has at least doubled in the past five years, according to Deloitte survey, with Covid-19 predicted to further increase need for investment in risk management

Insight / Called to account: July 2020

In this month’s scandals, convictions and penalties, finance chief jailed over fake HMRC payments, restaurant boss served with ban over tax discrepancy, and restaurateur banned over lack of accounting records

Tax / HMRC tax credits renewal ‘glitch’ warning

Tax credit claimants urged to check their renewal figures and tell HMRC if any changes need to be made by 31 July, or risk receiving too much or too little credits which will be clawed back through possible penalties

Insight / Covid-19: FCA flags 85% lending scam hike

FCA warnings about sub-prime lending and debt management scams are up 85% to 24 during the three months of lockdown compared to just 13 in the same period last year, according to BDO

Tax / HMRC fixes online tax repayment issue

The tax office has resolved its online tax repayment problem so taxpayers can claim overpaid tax they are owed for the 2019-2020 tax year

Insight / Lockdown has highlighted UK’s widening skills gap

The Chartered Institute of Management Accountants (CIMA) calls on the government to look beyond the short-term and address the UK’s long-standing productivity woes, focusing future investments in skills in industries to help compete on the world stage and address social mobility

Insight / UK exports likely to fall by 8% due to Covid-19

UK exports could see a hit of up to £50bn as a result of the global economic slowdown caused by Covid-19, according to new research by PwC

Insight / Covid-19: UK Businesses owed £133bn since lockdown

Nine in ten businesses are waiting to be paid an average of £148,917 for work done pre-lockdown, finds Market Finance, as business owners are urged to ‘look beyond their banks and seek advice’ to unlock potential economic solutions

Insight / LSE Chief appointed as FCA boss

The Treasury has announced Nikhil Rathi, previously head of the London Stock Exchange, is to be the new chief executive of the Financial Conduct Authority (FCA)

Insight / Covid-19 has triggered additional stress on cashflows

UK businesses converted just 2.6% of the value of their sales into free cashflow on average last year, this figure has stayed low after falling from an average of 3.3% just four years ago, prior to the EU referendum, shows study by BDO

Tax / Covid-19: Brits call for clampdown on business tax evasion

The public are using lockdown to take decisive action against tax avoidance practices, as a record number would rather shop with (79%) or work for (82%) a business that can prove it’s paying its fair share of tax

Insight / Covid-19: Bank of England injects £100bn into UK economy

The Bank of England (BoE) has voted to drive an extra £100bn into the UK economy to save it from the Coronavirus led decline - taking the total bond buying support package to £745bn

Tax / ATT signals businesses to reinstate deferred VAT payments

The Association of Taxation Technicians (ATT) is reminding businesses which have cancelled their direct debit in order to defer VAT payments, to set up a new one soon to prevent penalties