Should the Autumn Statement have been tougher on late payments?
Budget

Should the Autumn Statement have been tougher on late payments?

4m Institute of Financial Account...

Should the Autumn Statement have been tougher on l...

With an Autumn Statement that has received mixed reviews, one aspect that has flown somewhat under the radar is the commitment to public sector paymen...

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ICAEW under pressure due to lack of board diversity
Practice

ICAEW under pressure due to lack of board diversity

4m Accountancy Age

ICAEW under pressure due to lack of board diversit...

The Institute of Chartered Accountants in England and Wales (ICAEW) has come under scrutiny for its board appointments, with new research suggesting a...

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Phil Thompson loses IR35 case
HMRC

Phil Thompson loses IR35 case

4m Accountancy Age

Phil Thompson loses IR35 case

The recent IR35 case involving former Liverpool footballer and Sky Sports presenter, Phil Thompson, has drawn attention to the complexities and implic...

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What should accountants take away from Amazon's $270 million tax win?
Business

What should accountants take away from Amazon's $270 million tax win?

4m Accountancy Age

What should accountants take away from Amazon's $2...

Accountants must stay vigilant, adapt their tax strategies to evolving regulations, prioritize transparency, and foster collaboration with tax authori...

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FRC's competition efforts fall flat as Big Four continue to dominate
Accounting Firms

FRC's competition efforts fall flat as Big Four continue to dominate

4m Accountancy Age

FRC's competition efforts fall flat as Big Four co...

The Big Four audit firms earned 98% of FTSE 350 audit fees in 2022, despite efforts to increase competition within the market Read More...

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Sunak employs Thatcher-like tactics with taxation shift
Corporate Tax

Sunak employs Thatcher-like tactics with taxation shift

4m Accountancy Age

Sunak employs Thatcher-like tactics with taxation ...

As the government prepares for re-election, PM Sunak promises to control spending in order to bring forth tax cuts next year Read More...

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FRC says volume of Tier 2 and 3 audit firms requiring improvement is 'unacceptable'
Accounting Standards

FRC says volume of Tier 2 and 3 audit firms requiring improvement is 'unacc...

4m Accountancy Age

FRC says volume of Tier 2 and 3 audit firms requir...

38% of firms required significant improvements, prompting the council to state Tier 2 and Tier 3 firms must "prioritise audit quality improvements and...

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UK and Switzerland enhance ties with mutual recognition of audit qualifications
Audit

UK and Switzerland enhance ties with mutual recognition of audit qualificat...

4m Accountancy Age

UK and Switzerland enhance ties with mutual recogn...

This arrangement allows auditors who are professionally qualified and registered as statutory auditors in either the UK or Switzerland to apply for re...

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Accountancy Blueprint: A guide to pivoting to a consultancy model
Consulting

Accountancy Blueprint: A guide to pivoting to a consultancy model

4m Accountancy Age

Accountancy Blueprint: A guide to pivoting to a co...

Transitioning from an accounting firm to a consultancy model is only one part of the puzzle. The next, equally vital piece is making the market aware ...

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How accountants can guide SMEs towards sustainable funding
CSR

How accountants can guide SMEs towards sustainable funding

4m Accountancy Age

How accountants can guide SMEs towards sustainable...

SMEs don’t always have the time and resources to create strategies, but accountants can direct them to products which do take net-zero into account Re...

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HMRC shifts greater responsibility to insolvency practitioners following cessation tax clearance services
HMRC

HMRC shifts greater responsibility to insolvency practitioners following ce...

4m Accountancy Age

HMRC shifts greater responsibility to insolvency p...

Will the absence of these clearances increases the risk of discovering tax liabilities after the dissolution of the company, leading to financial burd...

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PwC strengthens Saas offering with Starling partnership
AP

PwC strengthens Saas offering with Starling partnership

4m Rachael Kennedy

PwC strengthens Saas offering with Starling partne...

PwC can offer its clients a range of technology-enabled solutions, delivering high-quality digital banking experiences to customers while also achievi...

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Over two thirds of accountants say AI has had a positive impact on their profession
Skills

Over two thirds of accountants say AI has had a positive impact on their pr...

4m Rachael Kennedy

Over two thirds of accountants say AI has had a po...

67% of participants predicted that their companies will increase AI investment in 2024 through expanded implementation, partnerships with AI software ...

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IAASB introduces new auditing standard for SMEs
Audit

IAASB introduces new auditing standard for SMEs

4m Accountancy Age

IAASB introduces new auditing standard for SMEs

Traditionally, smaller businesses have had to navigate auditing standards designed for larger, more complex entities. This new standard offers a more ...

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New HMRC tax rules set to impact online sellers
HMRC

New HMRC tax rules set to impact online sellers

5m Rachael Kennedy

New HMRC tax rules set to impact online sellers

From January 1, 2024, HMRC will implement new tax rules affecting individuals who sell items on platforms like Etsy, Depop, and Vinted. The new regula...

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Emmanuel Faber secures second term as ISSB Chair
Accounting Standards

Emmanuel Faber secures second term as ISSB Chair

5m Accountancy Age

Emmanuel Faber secures second term as ISSB Chair

Faber has been outspoken about the EU's approach and reinforces the ISSB's approach of a climate transitioning on the "necessary scale" Read More...

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PwC alters recruitment process to foster diversity and inclusion
Big Four

PwC alters recruitment process to foster diversity and inclusion

5m Accountancy Age

PwC alters recruitment process to foster diversity...

School leavers and graduates will be able to advance up to a £1000 of their first month’s salary Read More...

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COP28: Accounting bodies call for action on climate-related reporting disclosures
Accounting Standards

COP28: Accounting bodies call for action on climate-related reporting discl...

5m Rachael Kennedy

COP28: Accounting bodies call for action on climat...

Effective corporate reporting on sustainability will prevent greenwashing issues and deliver more data for better implementation of climate policies R...

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25% of total income and capital gains tax paid by 100,000 taxpayers
Personal Tax

25% of total income and capital gains tax paid by 100,000 taxpayers

5m Accountancy Age

25% of total income and capital gains tax paid by ...

HMRC reveal a small majority of people are soldiering a significant proportion of income and capital gains tax, following FOI request. Data has reigni...

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BKL merges with CFPro in a move to bolster market position
Mergers And Acquisitions

BKL merges with CFPro in a move to bolster market position

5m Accountancy Age

BKL merges with CFPro in a move to bolster market ...

BKL, a leading London-based accountancy firm, announced a strategic merger with commercial finance specialists CFPro on December 4. The move is set to...

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The collapse of Wilko: Role of EY and PwC
Audit

The collapse of Wilko: Role of EY and PwC

5m Accountancy Age

The collapse of Wilko: Role of EY and PwC

The involvement of EY and PwC in this case raises questions about their responsibility and oversight Read More...

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EY's innovative use of AI in detecting audit frauds sparks debate
Audit

EY's innovative use of AI in detecting audit frauds sparks debate

5m Accountancy Age

EY's innovative use of AI in detecting audit fraud...

EY has implemented artificial intelligence (AI) in its audit processes, leading to the detection of fraudulent activities. Out of the first 10 compani...

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Can the FCA's new Sustainability Disclosure Requirements usher in a new era of responsibility?
ESG

Can the FCA's new Sustainability Disclosure Requirements usher in a new era...

5m Accountancy Age

Can the FCA's new Sustainability Disclosure Requir...

As COP28 gets underway, the FCA's new rules are a significant step towards greater transparency and consumer protection in the sustainable investment ...

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Kaye Adams defeat of HMRC should set IR35 precedent
Brexit & Economy

Kaye Adams defeat of HMRC should set IR35 precedent

5m Accountancy Age

Kaye Adams defeat of HMRC should set IR35 preceden...

Landmark victory for UK freelancers as media Presenter Kaye Adams wins nine-year IR35 case against HMRC Read More...

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Accountancy people moves: November 2023
Company News

Accountancy people moves: November 2023

5m Rachael King

Accountancy people moves: November 2023

KPMG confirms reappointment of it's UK chair, while EY announces Janet Truncale as the next EY global chair and CEO Read More...

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Revolut considers auditor change amid UK banking license challenges
Audit

Revolut considers auditor change amid UK banking license challenges

5m Accountancy Age

Revolut considers auditor change amid UK banking l...

Fintech giant considers dropping BDO following audit report in order to obtain clean bill of health from PRA Read More...

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HMRC launches campaign targeting crypto tax evaders
Digital assets

HMRC launches campaign targeting crypto tax evaders

5m Accountancy Age

HMRC launches campaign targeting crypto tax evader...

It is essential for crypto asset owners to take advantage of the new disclosure facility and seek specialist advice when necessary Read More...

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