Boris Johnson and Sajid Javid urged to 'repeal silly IR35 tax'
Tax

Boris Johnson and Sajid Javid urged to 'repeal silly IR35 tax'

7y Chris Jewers

Boris Johnson and Sajid Javid urged to 'repeal sil...

Letter urges PM and Chancellor to end the war on contracting. Read More...

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3,800 businesses miss VAT deadlines due to MTD struggles
Making Tax Digital

3,800 businesses miss VAT deadlines due to MTD struggles

7y Chris Jewers

3,800 businesses miss VAT deadlines due to MTD str...

National accountancy group UHY Hacker Young have said that 3,860 businesses have missed the deadline, and almost 600,000 businesses out of 1.2 million...

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Record fall in number of non-domiciled taxpayers
HMRC

Record fall in number of non-domiciled taxpayers

7y Chris Jewers

Record fall in number of non-domiciled taxpayers

There were an estimated 78,300 people claiming non-domiciled taxpayer status in the UK on their Self-Assessment tax returns  in 2017-18, which fell fr...

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Small businesses more likely to overpay taxes than be fined
MTD

Small businesses more likely to overpay taxes than be fined

7y Chris Jewers

Small businesses more likely to overpay taxes than...

Research commissioned by QuickBooks has found a lack of confidence among business owners when it comes of filing their VAT, with just 1-in-4 (27%) say...

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CIOT calls on HMRC to delay VAT reverse charge
HMRC

CIOT calls on HMRC to delay VAT reverse charge

7y Chris Jewers

CIOT calls on HMRC to delay VAT reverse charge

Some 150,000 businesses in the construction and building sector will be affected by the change, and the CIOT is concerned there will be a flurry of di...

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RSM appoints new director in Birmingham
People Business

RSM appoints new director in Birmingham

7y Chris Jewers

RSM appoints new director in Birmingham

James Roberts has worked with a wide range of UK and international clients, delivering projects such as corporate reorganisations, acquisitions and di...

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MTD: just 12% of decision makers feel 'very prepared'
Making Tax Digital

MTD: just 12% of decision makers feel 'very prepared'

7y Chris Jewers

MTD: just 12% of decision makers feel 'very prepar...

A YouGov poll has shown that businesses do not feel prepared for the change Making Tax Digital brings, with 57% saying they felt ‘unprepared’ and only...

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HMRC seeks data from Crypto Exchanges to combat tax evaders
HMRC

HMRC seeks data from Crypto Exchanges to combat tax evaders

7y Chris Jewers

HMRC seeks data from Crypto Exchanges to combat ta...

Three exchanges that do business in the UK – Coinbase, eToro and CEX.IO - have reported that they have received letters from HMRC in the last week req...

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Late payments: The need for action - interview with Dr Louise Beaumont
Brexit & Economy

Late payments: The need for action - interview with Dr Louise Beaumont

7y Chris Jewers

Late payments: The need for action - interview wit...

An estimated 50,000 businesses collapse due to late payments in the UK, but what is being done about it, and what powers do small businesses have to f...

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Late payments on the rise: ICAEW urges No.10 to help
Brexit & Economy

Late payments on the rise: ICAEW urges No.10 to help

7y Chris Jewers

Late payments on the rise: ICAEW urges No.10 to he...

The latest ICAEW Business Confidence Monitor (BCM) saw one in five businesses flag late payments as a challenge, rising to 24% for SMEs, representing ...

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FCA clarifies stance on Cryptoassets
Technology

FCA clarifies stance on Cryptoassets

7y Chris Jewers

FCA clarifies stance on Cryptoassets

In its official release, the FCA said: “Consumers should be cautious when investing in such cryptoassets and should ensure they understand and can bea...

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HMRC seeking further £30m from contractors
HMRC

HMRC seeking further £30m from contractors

7y Chris Jewers

HMRC seeking further £30m from contractors

The figure is an estimation of the maximum amount HMRC can generate before investigations into contractors and ‘disguised employment’ have been conclu...

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CIMA removes exemption fees
Training & CPD

CIMA removes exemption fees

7y Chris Jewers

CIMA removes exemption fees

In doing so, the CIMA becomes the first accounting body to remove exemption fees, saying they want to encourage accessibility and social mobility. Rea...

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Personal insolvency rate continues to rise
Insolvency

Personal insolvency rate continues to rise

7y Chris Jewers

Personal insolvency rate continues to rise

The Quarter 2 figures show 30,936 individuals entered either bankruptcy (4,228), a debt relief order (6,752) or an individual voluntary arrangement or...

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HMRC glitch means self-employed risk underpaying tax bill
HMRC

HMRC glitch means self-employed risk underpaying tax bill

7y Chris Jewers

HMRC glitch means self-employed risk underpaying t...

Just 14% of late payment fines were cancelled last year, down from 16% the previous year, suggesting HMRC is becoming less sympathetic towards late ta...

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Mandate fraud losses approach £100m in 2018/19
Security

Mandate fraud losses approach £100m in 2018/19

7y Chris Jewers

Mandate fraud losses approach £100m in 2018/19

According to the data obtained by RSM from the UK’s national fraud and cyber-crime reporting centre, businesses lost a total of £99,283,213 to mandate...

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Unchanged interest rates amid Brexit uncertainty, predicts EY
Brexit & Economy

Unchanged interest rates amid Brexit uncertainty, predicts EY

7y Chris Jewers

Unchanged interest rates amid Brexit uncertainty, ...

Despite recent expectation that the Bank of England could either raise or even cut the UK interest rates, EY’s economic analysts have predicted the wi...

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Changing role of accountants shown in AAT study
Practice

Changing role of accountants shown in AAT study

7y Chris Jewers

Changing role of accountants shown in AAT study

212 members in full-time or part-time employment in the finance and accountancy industry were consulted for the study, with 17% saying that they would...

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Patisserie Valerie: Restructuring firm FRP to take over from KPMG
Grant Thornton

Patisserie Valerie: Restructuring firm FRP to take over from KPMG

7y Chris Jewers

Patisserie Valerie: Restructuring firm FRP to take...

FRP Advisory, a restructuring firm, were chosen by creditors that include HMRC and Luke Johnson, the former chairman of Patisseries Valerie. Read More...

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Coalition aims for consensus on good risk management practice
Practice

Coalition aims for consensus on good risk management practice

7y Chris Jewers

Coalition aims for consensus on good risk manageme...

Risk management is becoming an increasingly important part of an accountant’s role. However, there is no official best practice for accountants or any...

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Boris Johnson PM: Industry reacts
Brexit

Boris Johnson PM: Industry reacts

7y Chris Jewers

Boris Johnson PM: Industry reacts

We have collected reactions from industry figures and the wider business community, giving their thoughts on the appointment of the UK’s new Prime Min...

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Non-compliance measures paying off for HMRC
HMRC

Non-compliance measures paying off for HMRC

7y Chris Jewers

Non-compliance measures paying off for HMRC

A Failure to Correct policy, that came into force in October 2018 and can see penalties of up to 200% of the tax liable, seems to have prompted a rush...

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Areas for audit to evolve according to PwC paper
Audit

Areas for audit to evolve according to PwC paper

7y Chris Jewers

Areas for audit to evolve according to PwC paper

Accountancy firms are looking at ways to improve the quality of the audits they undertake to restore confidence in the industry, and PwC’s report come...

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Indian government wants market review of Big Four
Big Four

Indian government wants market review of Big Four

7y Chris Jewers

Indian government wants market review of Big Four

The call for the anti-trust review comes at a time when the Big four are all facing increased scrutiny in India as well as many other international ma...

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Industry experts give their take on impending IR35 legislation
HMRC

Industry experts give their take on impending IR35 legislation

7y Chris Jewers

Industry experts give their take on impending IR35...

We questioned which industries will be affected by the IR35 new legislation, due to come into effect in April 2020, and what businesses and freelancer...

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Brexit and geopolitics closing some doors, but opening others – Grant Thornton
Brexit & Economy

Brexit and geopolitics closing some doors, but opening others – Grant Thorn...

7y Chris Jewers

Brexit and geopolitics closing some doors, but ope...

The study found that businesses feel that Brexit has hampered international growth, while also creating a less predictable business environment in Eur...

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Spending report gives insight into 2019 business spending
Business

Spending report gives insight into 2019 business spending

7y Chris Jewers

Spending report gives insight into 2019 business s...

Looking at spending patterns of more than 1000 Spendesk users in 35 European countries, making 800,000 transactions totalling over €120million, the ‘S...

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