US officials and KPMG, one of four largest audit firms in the world, are
discussing the possibility of a ‘deferred prosecution agreement’, which would
allow KPMG to avoid criminal proceedings by being put on probation, according to
The Washington Post.
The threat of a criminal case against the firm has sent shockwaves around the
wider financial community as well as the accountancy industry, which is only
just recovering from the collapse of former Big Five firm Arthur Andersen.
Andersen crumbled after the Justice Department charged it with obstruction of
justice in the Enron accounting scandal in 2001.
Making Tax Digital will impose significant additional tax compliance costs on small businesses for little or no medium term benefit, tax and small business experts told MPs
MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin
Does Darwin's theory apply to taxation? Colin ponders...