PricewaterhouseCoopers has thrown its weight against proposals aimed at altering the controversial tax treatment of share options. The firm’s objection follows July’s proposal by the G4+1 group of standard-setters for a charge against company profits for the fair value of shares and share options issued to employees. Several dot.com companies including online auctioneers QXL have lobbied the government over the issue. Gordon Brown was expected to announce improved tax breaks for employee share option schemes in his pre-Budget statement yesterday. In its response to the plans, PwC said many issues needed to be resolved before it is appropriate to develop an accounting standard along those lines.
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.
Kevin Reed discusses whether new accountancy group Cogital can rival the Big Four...and its likely direction of travel