Leader - The Budget needs a fair hearing.
Accountancy Age has never been shy in claiming the credit for influencing great events. But even we would be hard put to say that last week’s government admission that the tax burden is rising, not falling, was the result of last week’s Accountancy Age leader. The prime minister’s spokesman made his historic admission as the presses were running with our call for an honest Budget. Coming clean about the direction of tax policy is very welcome but it is only a first step. The culture of openness and consultation needs to go much further. The fiasco that has been the IR35 consultation shows that ministers, and those who serve them, still see accountants as the enemies of fair taxation. The Revenue has an unenviable task. While Gordon Brown publicly proclaims his commitment to fairness, the Revenue and Customs have clearly been told to go out and milk the taxpayer for every last penny. At least Denis Healey had the honesty to make his ‘squeeze the rich till the pips squeak’ policy explicit. This government does not care if they are rich or not. Maximising the tax take is the watchword. In reality Gordon Brown’s fair tax policies can only be made to work fairly if he consults and informs the profession. The mechanisms are there. The profession has shown it can keep confidences and offer valuable implementation advice. There must be no repeat of the IR35 fiasco.
The numbers you crunch tell a story. Your expertis...
24yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleGlobal spend on accountancy outsourcing up by 40% in the space of five years. News comes as accountancy outsourcing specialist AdvanceTrack reports en...
View articleFollowing a profitability review, Deloitte has decided to scale back its UK deals business due to lower returns. This strategic shift could lead to jo...
View articleUK-based Dow Schofield Watts (DSW), a mid-market professional services network, announced the creation of a new division called DSW Principal Partners...
View articleEY has been undergoing significant cost-cutting measures and streamlining its operations since the abandonment of Project Everest. The firm has made t...
View articleTransitioning 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 ...
View articleThis framework, while providing a top-line view, underscores the importance of strategic vision, operational excellence, and the spirit of continuous ...
View articleLooking ahead, the Big 4 firms face a challenging year, with ongoing cost-of-living concerns, slow economic growth, rising geopolitical tensions, and ...
View articleLast month it was reported that Deloitte would be cutting approximately 1,200 jobs in the United States, making it the latest of the Big Four accounti...
View article