Audit teams must collaborate to weather economic storm, experts say
Audit

Audit teams must collaborate to weather economic storm, experts say

2y Greg Noble

Audit teams must collaborate to weather economic s...

33% of organisations have incorporated auditing measures to enhance resiliency against macroeconomic uncertainty into their regular audit practices Re...

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People moves: Mazars, BDO contribute to mid-market activity surge
Accounting Firms

People moves: Mazars, BDO contribute to mid-market activity surge

2y Greg Noble

People moves: Mazars, BDO contribute to mid-market...

This month saw a series of appointments and promotions from the industry's mid-tier firm Read More...

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Business owners need certainty to encourage them to retain UK businesses, experts say
Business

Business owners need certainty to encourage them to retain UK businesses, e...

2y Greg Noble

Business owners need certainty to encourage them t...

23% of business owners having hastened their plans to either sell or wind down their businesses Read More...

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KPMG and PwC sanctioned by FRC for Eddie Stobart audits
Accounting Firms

KPMG and PwC sanctioned by FRC for Eddie Stobart audits

2y Greg Noble

KPMG and PwC sanctioned by FRC for Eddie Stobart a...

After cooperating with the inquiry, the firms and partners received a reduction in fines Read More...

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Collecting customer data the main barrier to HMRC’s Single Customer Accounts, ICAEW says
HMRC

Collecting customer data the main barrier to HMRC’s Single Customer Account...

2y Greg Noble

Collecting customer data the main barrier to HMRC’...

HMRC believes its Single Customer Account (SCA) scheme, which is expected to be in place by 2025, will transform its digital service offering Read Mor...

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Inaugural ISSB standards ‘watershed moment’ for sustainability reporting
ESG

Inaugural ISSB standards ‘watershed moment’ for sustainability reporting

2y Sam Alberti

Inaugural ISSB standards ‘watershed moment’ for su...

The long-awaited standards will help businesses 'tell their sustainability story', the ISSB said Read More...

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HMRC to appeal Gary Lineker IR35 case
HMRC

HMRC to appeal Gary Lineker IR35 case

2y Greg Noble

HMRC to appeal Gary Lineker IR35 case

Lineker won his case against HMRC over a £4.9m tax bill for income he earned from 2013 to 2014 and 2017 to 2018 Read More...

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Government execution of MTD ‘out of control’ as costs spiral
HMRC

Government execution of MTD ‘out of control’ as costs spiral

2y Sam Alberti

Government execution of MTD ‘out of control’ as co...

The regime's total cost is now thought to be five times the original forecast Read More...

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Calls for overhaul of UK tax system ‘long overdue’
Tax

Calls for overhaul of UK tax system ‘long overdue’

2y Greg Noble

Calls for overhaul of UK tax system ‘long overdue’

The Chancellor's choice to dissolve the OTS runs the risk of conveying that it is not a priority for the Government Read More...

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HMRC set to close self-assessment helpline for three months
HMRC

HMRC set to close self-assessment helpline for three months

2y Sam Alberti

HMRC set to close self-assessment helpline for thr...

The closure is intended to reduce the burden on HMRC phone lines and prioritise 'urgent' cases Read More...

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IR35: Government set to tackle ‘murky’ umbrella company market
Contracting

IR35: Government set to tackle ‘murky’ umbrella company market

2y Sam Alberti

IR35: Government set to tackle ‘murky’ umbrella co...

The fresh proposals mark the end of a 14-month wait for the findings of a public consultation Read More...

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CIOT: Poor HMRC service ‘hammers away’ at trust
Brexit & Economy

CIOT: Poor HMRC service ‘hammers away’ at trust

2y Sam Alberti

CIOT: Poor HMRC service ‘hammers away’ at trust

The Chartered Institute of Taxation has issued damning comments on HMRC's ongoing challenges with service levels Read More...

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IR35 liabilities in public sector reach £300m
Contracting

IR35 liabilities in public sector reach £300m

2y Sam Alberti

IR35 liabilities in public sector reach £300m

The UKRI follows the DWP and DEFRA in being handed hefty tax bills Read More...

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FRC announces major overhaul of UK Corporate Governance Code
Audit

FRC announces major overhaul of UK Corporate Governance Code

2y Sam Alberti

FRC announces major overhaul of UK Corporate Gover...

The proposals form part of an ongoing overhaul of audit and corporate governance in the UK Read More...

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FRC minimum standard for audit committees ‘a step in the right direction’
Audit

FRC minimum standard for audit committees ‘a step in the right direction’

2y Greg Noble

FRC minimum standard for audit committees ‘a step ...

But it may not be the solution to building consistently high-quality audits Read More...

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HMRC R&D raid poses “significant risk” to accountants
HMRC

HMRC R&D raid poses “significant risk” to accountants

2y Sam Alberti

HMRC R&D raid poses “significant risk” to accounta...

HMRC investigations into R&D claims will have risen by 900% in the past four years, research suggests Read More...

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Hint of future tax reductions welcomed but won’t quell uncertainty
Business

Hint of future tax reductions welcomed but won’t quell uncertainty

2y Greg Noble

Hint of future tax reductions welcomed but won’t q...

The Office for National Statistics revealed that the UK economy shrank by 0.3% in March after the economy grew by 0.1% in the previous three months Re...

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ISSB transition respite will provide 'more consistency'
Business Regulation

ISSB transition respite will provide 'more consistency'

2y Greg Noble

ISSB transition respite will provide 'more consist...

The ISSB revealed that it will offer transitional aid to companies as they implement S1 (general requirements) and S2 (climate) Read More...

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Mid-tier advisory services see growth amid Big Four cuts
Accounting Firms

Mid-tier advisory services see growth amid Big Four cuts

2y Greg Noble

Mid-tier advisory services see growth amid Big Fou...

Last 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...

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Smarter Regulation plans ‘long overdue’ for temporary workers
Brexit & Economy

Smarter Regulation plans ‘long overdue’ for temporary workers

2y Sam Alberti

Smarter Regulation plans ‘long overdue’ for tempor...

The proposed changes to employment law will save businesses £1bn per year, the policy paper argues Read More...

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HMRC says WFH does not affect service levels
HMRC

HMRC says WFH does not affect service levels

2y Greg Noble

HMRC says WFH does not affect service levels

HMRC had the lowest Whitehall department headquarters staff occupancy rates for the week commencing April 17 Read More...

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FRC to investigate Deloitte’s audit of Joules
Audit

FRC to investigate Deloitte’s audit of Joules

2y Greg Noble

FRC to investigate Deloitte’s audit of Joules

The investigation comes six months after Deloitte were hit with a £1.25m fine Read More...

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Professional scepticism requires ‘right’ culture
Accounting Firms

Professional scepticism requires ‘right’ culture

2y Greg Noble

Professional scepticism requires ‘right’ culture

Hill says the main issue regarding professional scepticism is human behaviour, particularly when working towards tight deadlines and budgets Read More...

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Just 12% of UK accounting firms started by women in 2022
Accounting Firms

Just 12% of UK accounting firms started by women in 2022

2y Sam Alberti

Just 12% of UK accounting firms started by women i...

This is a decline of 10 percentage points from the year prior Read More...

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HMRC names and shames two offshore tax avoidance schemes
HMRC

HMRC names and shames two offshore tax avoidance schemes

2y Sam Alberti

HMRC names and shames two offshore tax avoidance s...

The two Belize-based schemes were "cynically marketed", a HMRC official said Read More...

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April People Moves: Big Four firm announces new head of ESG
Accounting Firms

April People Moves: Big Four firm announces new head of ESG

2y Greg Noble

April People Moves: Big Four firm announces new he...

This month saw a flurry of appointments and promotions from the industries mid-tier firms Read More...

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Market split on harsher treatment for tax avoiders
Contracting

Market split on harsher treatment for tax avoiders

2y Sam Alberti

Market split on harsher treatment for tax avoiders

A new HMRC consultation will assess whether to criminalise the failure to comply with a Stop Notice Read More...

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