The law firms are apparently going after tax shelter work, by telling their clients that they will have to drop their accountants for such work when the new rules come into place.
A tax lawyer at Allen & Overy told the FT that ‘in many ways, lawyers have greater expertise because many tax strategies in today’s world need skills that are lawyers skills’.
The Securities & Exchange Commission will begin work on finalising auditor independence rules tomorrow, and it is widely tipped that restrictions will be placed on firms doing tax planning for their audit clients, to avoid a conflict of interest.
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
Six new partners have been revealed by top ten firm Mazars
Investment in people, tech and businesses impacts on EY's profit per partner figure
RSM has appointed Kevin Edwards as a tax partner in its Nottingham office