R&D tax changes risk deterring business investment, Lords report warns
HMRC

R&D tax changes risk deterring business investment, Lords report warns

2m Accountancy Age , Reporters

R&D tax changes risk deterring business investment...

The House of Lords Economic Affairs Finance Bill Sub-Committee has published a report today (February 1) raising concerns over the Government’s ...

View article
9 Use Cases of AI in Accounts Payable Operations
AP

9 Use Cases of AI in Accounts Payable Operations

2m Accountancy Age , Reporters

9 Use Cases of AI in Accounts Payable Operations

In the current dynamic business environment, finance departments are constantly grappling with the management of large volumes of invoices, expense re...

View article
Hurst launches leadership development program
Skills

Hurst launches leadership development program

2m Accountancy Age , Reporters

Hurst launches leadership development program

One of the UK’s leading independent accounting firms have launched a new leadership development program for members of its team. Hurst is first ...

View article
Get the latest analysis and reports delivered to your inbox daily
EY's resignation as Asda's auditor highlights importance of personal compliance
Audit

EY's resignation as Asda's auditor highlights importance of personal compli...

2m Accountancy Age , Reporters

EY's resignation as Asda's auditor highlights impo...

On January 27, it was reported EY had quit as auditor to Asda amid one of its senior partners starting a romantic relationship with billionaire chief ...

View article
IESBA floats stricter ESG reporting standards for review
Accounting Standards

IESBA floats stricter ESG reporting standards for review

2m Accountancy Age , Reporters

IESBA floats stricter ESG reporting standards for ...

The creation of an effective sustainability standards infrastructure requires not only high-quality sustainability reporting and assurance standards, ...

View article
Begbies Trainor report says 47,000 UK businesses are at risk of collapse
Brexit & Economy

Begbies Trainor report says 47,000 UK businesses are at risk of collapse

2m Accountancy Age , Reporters

Begbies Trainor report says 47,000 UK businesses a...

The construction and property sectors, among others, bear the brunt of the crisis. Urgent measures are necessary to alleviate the burden of debt and f...

View article
Accountancy and finance sector remains resilient with 4.2% increase in salary
Talent

Accountancy and finance sector remains resilient with 4.2% increase in sala...

2m Accountancy Age , Reporters

Accountancy and finance sector remains resilient w...

Large regional disparities remain in salaries across the UK, but in general, wages are on the rise. The cost of living is the greatest concern for tho...

View article
Research shows a significant increase in HMRC tax investigations – now a quarter of a million opened per year
Tax

Research shows a significant increase in HMRC tax investigations – now a qu...

2m Accountancy Age , Reporters

Research shows a significant increase in HMRC tax ...

HMRC tax investigations into individuals and small businesses have increased in the last year from 232,000 in 2021/22 to 248,000 in 2022/23*, accordin...

View article
Ensuring compliance with the ICAEW's new CPD requirements
Uncategorized

Ensuring compliance with the ICAEW's new CPD requirements

2m Accountancy Age , Reporters

Ensuring compliance with the ICAEW's new CPD requi...

The ICAEW now requires a minimum number of CPD training hours annually, with at least 1 hour of ethics training. Read More...

View article
UK government invests half a million to get audit and accountancy qualifications recognised abroad
Skills

UK government invests half a million to get audit and accountancy qualifica...

2m Rachael Kennedy

UK government invests half a million to get audit ...

The UK government has pledged £500,000 to facilitate the recognition of accountancy and audit qualifications abroad. Announced by the Department of Tr...

View article
HMRC to mandate payrolling of benefits from April 2026: Implications and preparations for accountants
Business

HMRC to mandate payrolling of benefits from April 2026: Implications and pr...

2m Accountancy Age , Reporters

HMRC to mandate payrolling of benefits from April ...

This regulatory update aims to simplify the reporting process, reduce administrative burdens, increase accuracy, and provide real-time reporting capab...

View article
Will AI force young accountants back into the office?
Practice

Will AI force young accountants back into the office?

2m Accountancy Age , Reporters

Will AI force young accountants back into the offi...

Ultimately, firms must adapt to the changing dynamics of the accounting profession by creating attractive office environments that foster collaboratio...

View article
Dains Group bolsters market presence with acquisition of two strategic firms
Mergers And Acquisitions

Dains Group bolsters market presence with acquisition of two strategic firm...

2m Accountancy Age , Reporters

Dains Group bolsters market presence with acquisit...

Dains Group has announced the successful acquisition of two strategic businesses, McInerney Saunders Chartered Accountants and Magma Chartered Account...

View article
Malcolm Gomersall steps up as new CEO of Grant Thornton
Accounting Firms

Malcolm Gomersall steps up as new CEO of Grant Thornton

2m Accountancy Age , Reporters

Malcolm Gomersall steps up as new CEO of Grant Tho...

Grant Thornton UK as confirmed the appointment of Malcolm Gomersall as its new Chief Executive Officer. Gomersall, who has been with the firm for over...

View article
Technology is a talent magnet for accountants
Practice

Technology is a talent magnet for accountants

2m Accountancy Age , Reporters

Technology is a talent magnet for accountants

Facing a global talent shortage, accounting firms are turning to technology to attract and retain top talent. Tech-savvy firms offer streamlined opera...

View article
Devils in the details: Rectifying accounting errors
Legal

Devils in the details: Rectifying accounting errors

2m Accountancy Age , Reporters

Devils in the details: Rectifying accounting error...

Accounting errors can distort financial statements and mislead stakeholders, as seen in the recent ADM case. This article guides you through identifyi...

View article
ACCA survey reveals declining confidence among accountants,
Brexit & Economy

ACCA survey reveals declining confidence among accountants,

2m Accountancy Age , Reporters

ACCA survey reveals declining confidence among acc...

The GECS report indicates that concerns among accountants about increased costs have eased slightly. However, these concerns remain elevated by histor...

View article
Jeremy Hunt hints at further tax cuts at Davos: What accountants need to know
Budget

Jeremy Hunt hints at further tax cuts at Davos: What accountants need to kn...

2m Rachael Kennedy

Jeremy Hunt hints at further tax cuts at Davos: Wh...

UK Chancellor Jeremy Hunt has hinted at the possibility of further tax cuts in the upcoming spring Budget, during his time at the World Economic Forum...

View article
84% of tax professionals fear double taxation as Pillar 2 looms
Corporate Tax

84% of tax professionals fear double taxation as Pillar 2 looms

2m Accountancy Age , Reporters

84% of tax professionals fear double taxation as P...

The legislation, which introduces a global minimum tax of at least 15% for multinational enterprises, aims to limit tax competition and ensure large c...

View article
AI is an emerging risk for auditors, new research shows
Audit

AI is an emerging risk for auditors, new research shows

2m Rachael Kennedy

AI is an emerging risk for auditors, new research ...

Despite the increased interest in AI and ML, only 12% of respondents indicate their organisations have adopted AI and ML within their audit functions....

View article
The role of auditors in the Post Office scandal: A need for greater accountability?
Audit

The role of auditors in the Post Office scandal: A need for greater account...

2m Accountancy Age , Reporters

The role of auditors in the Post Office scandal: A...

As the government's independent investigation progresses, it is hoped that a clearer picture will emerge, leading to meaningful reforms within the aud...

View article
Grant Thornton warns 40% of UK Councils are at risk of financial failure
Brexit & Economy

Grant Thornton warns 40% of UK Councils are at risk of financial failure

2m Accountancy Age , Reporters

Grant Thornton warns 40% of UK Councils are at ris...

It is critical that a more comprehensive overhaul of both local government finance and models for social care is undertaken to address local councils'...

View article
ACCA supports FRC proposals to strengthen auditor requirements
Audit

ACCA supports FRC proposals to strengthen auditor requirements

2m Accountancy Age , Reporters

ACCA supports FRC proposals to strengthen auditor ...

The proposed enhancements, including the focus on material misstatements arising from non-compliance, the introduction of a risk assessment process, a...

View article
Are accountants underutilising AI in the realm of risk assessment?
Technology

Are accountants underutilising AI in the realm of risk assessment?

2m Accountancy Age , Reporters

Are accountants underutilising AI in the realm of ...

Integrating AI in accounting isn't just a technological upgrade; it's a fundamental shift in how we understand and interact with financial data. For t...

View article
Will 2024 be the year the IPO market rebounds following a year of challenge and change?
Business

Will 2024 be the year the IPO market rebounds following a year of challenge...

2m Accountancy Age , Reporters

Will 2024 be the year the IPO market rebounds foll...

There is optimism that the IPO market will rebound in the second half of 2024, driven by pent-up demand and potential improvements in economic conditi...

View article
Salary trends, gender pay gap, and the impact of AAT qualifications on earning potential
Career

Salary trends, gender pay gap, and the impact of AAT qualifications on earn...

2m Accountancy Age , Reporters

Salary trends, gender pay gap, and the impact of A...

The survey reveals salary progression based on AAT membership levels, regional variations in salaries, gender pay gaps, industry-specific salaries, an...

View article
Grant Thornton UK CEO resigns unexpectedly
Grant Thornton

Grant Thornton UK CEO resigns unexpectedly

3m Accountancy Age , Reporters

Grant Thornton UK CEO resigns unexpectedly

During his tenure, Dunckley managed to stabilise Grant Thornton after his predecessor resigned following attacks on her leadership style and socialist...

View article