FRC fines Grant Thornton £40,000 for pension fund audit
Grant Thornton

FRC fines Grant Thornton £40,000 for pension fund audit

2w Accountancy Age

FRC fines Grant Thornton £40,000 for pension fund ...

The FRC's Enforcement Committee identified significant departures from expected auditing standards, including uncorrected material errors in financial...

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Number of retailers going insolvent 19% to breach 2000
Business

Number of retailers going insolvent 19% to breach 2000

2w Accountancy Age

Number of retailers going insolvent 19% to breach ...

Body Shop, Ted Baker, Farfetch, MatchesFashion and Wilko among latest retailer insolvencies. Number of businesses in trouble are the highest in five y...

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Thousands of businesses at risk of missing R&D tax relief
R&D

Thousands of businesses at risk of missing R&D tax relief

2w Accountancy Age

Thousands of businesses at risk of missing R&D tax...

Tens of thousands of businesses could potentially miss out on vital research and development (R&D) tax relief. New requirements for companies to p...

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Boost for small businesses as VAT threshold raised and business rates frozen
Economy

Boost for small businesses as VAT threshold raised and business rates froze...

3w Accountancy Age

Boost for small businesses as VAT threshold raised...

28,000 small businesses freed from paying VAT, encouraging them to invest and grow as the threshold is raised from £85,000 to £90,000 Read More...

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Unlocking time: Could Robotic Process Automations be a gift accountants?
AI in Accounting

Unlocking time: Could Robotic Process Automations be a gift accountants?

3w Wolters Kluwer | Sponsored

Unlocking time: Could Robotic Process Automations ...

From achieving new efficiencies to improving accuracy and streamlining compliance, intelligent automation systems are helping accountancy practices ma...

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Strategic Tax Planning: Maximising efficiency as the Fiscal Year ends
Business

Strategic Tax Planning: Maximising efficiency as the Fiscal Year ends

3w Accountancy Age

Strategic Tax Planning: Maximising efficiency as t...

As the tax year ends on April 5, 2024, individuals and accountants can optimize financial strategies through pension contributions, charitable donatio...

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Industry Insight: Top fraud and bribery risks for pharmaceutical and life sciences
Business Regulation

Industry Insight: Top fraud and bribery risks for pharmaceutical and life s...

4w Nigel Layton

Industry Insight: Top fraud and bribery risks for ...

From battling underground invoice frauds in China to navigating bribery risks in the Middle East, Mazars' Nigel Layton shares essential insights on co...

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The PwC Australia Tax Scandal Explained: An Insider's Perspective
Accounting Standards

The PwC Australia Tax Scandal Explained: An Insider's Perspective

4w Rachael Kennedy

The PwC Australia Tax Scandal Explained: An Inside...

PwC's Australia tax scandal has led to significant changes, including over 300 job cuts and the refusal to share a crucial report with Australian parl...

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Two thirds of accountants say poor HMRC services hurting small businesses
ACCA

Two thirds of accountants say poor HMRC services hurting small businesses

1m Rachael King

Two thirds of accountants say poor HMRC services h...

Following the Chancellor’s Spring Budget on March 6, the Association of Chartered Certified Accountants (ACCA) surveyed its members for their insight ...

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Bank of England holds interest rate steady, signaling cautious optimism for future cuts amid economic recovery
More News

Bank of England holds interest rate steady, signaling cautious optimism for...

1m Accountancy Age

Bank of England holds interest rate steady, signal...

The Bank of England maintains the interest rate at 5.25%, reflecting optimism for economic recovery and potential future rate cuts, amidst signs of ea...

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UK inflation's unexpected decline sparks hope and caution among experts
Economy

UK inflation's unexpected decline sparks hope and caution among experts

1m Accountancy Age

UK inflation's unexpected decline sparks hope and ...

UK's inflation unexpectedly drops to a 2-year low at 3.4%, stirring mixed reactions. Experts see it as a positive sign, but caution about future risks...

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Is the wage chill enough? BoE waits and watches
More News

Is the wage chill enough? BoE waits and watches

1m Accountancy Age

Is the wage chill enough? BoE waits and watches

UK wage growth cools, sparking debate within the Bank of England. Will a slowdown be enough to tame inflation and avoid interest rate hikes? Household...

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ACCA welcomes HMRC move to require tax agents to belong to a professional body
ACCA

ACCA welcomes HMRC move to require tax agents to belong to a professional b...

1m Accountancy Age

ACCA welcomes HMRC move to require tax agents to b...

Regulation needs careful consideration to ensure fairness and proportionality for taxpayers and agents Read More...

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Working families urged to tap into HMRC's Tax-Free Childcare scheme for Easter savings
More News

Working families urged to tap into HMRC's Tax-Free Childcare scheme for Eas...

1m Accountancy Age

Working families urged to tap into HMRC's Tax-Free...

Working parents can save on Easter childcare with the Tax-Free Childcare scheme. Read More...

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UK accounting watchdog mulls historic move out of city
More News

UK accounting watchdog mulls historic move out of city

1m Accountancy Age

UK accounting watchdog mulls historic move out of ...

UK's accounting watchdog, the FRC, eyes a move out of London's financial center by year-end. Canary Wharf or Stratford are potential new hubs, reflect...

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Embarking on modernisation: HMRC launches MTD ITSA Pilot for a streamlined tax system
HMRC

Embarking on modernisation: HMRC launches MTD ITSA Pilot for a streamlined ...

1m Accountancy Age

Embarking on modernisation: HMRC launches MTD ITSA...

HMRC's MTD ITSA pilot, launching on 22 April 2024, aims to modernize the UK tax system by requiring digital record-keeping and quarterly updates for s...

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Ethical Vigilance in Accounting: Navigating Risks and Upholding Integrity for Global Economic Stability
Accounting Standards

Ethical Vigilance in Accounting: Navigating Risks and Upholding Integrity f...

1m Accountancy Age

Ethical Vigilance in Accounting: Navigating Risks ...

Accountants and accounting firms play a crucial role in maintaining financial integrity, facing ethical dilemmas and regulatory challenges. Adherence ...

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Sustainability reporting revolution: UK & EU lead the charge
ESG

Sustainability reporting revolution: UK & EU lead the charge

2m Accountancy Age

Sustainability reporting revolution: UK & EU lead ...

UK and EU lead in transforming sustainability reporting, requiring businesses to adopt strategic, compliant approaches for ESG matters, with Chartered...

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Tax savvy spring: Your guide to the UK Budget 2024
Tax

Tax savvy spring: Your guide to the UK Budget 2024

2m Accountancy Age

Tax savvy spring: Your guide to the UK Budget 2024

The UK Budget 2024 brings tax changes for businesses! Dive in to understand how reduced National Insurance Contributions and Capital Gains Tax adjustm...

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Almost half of accountants believe accountancy is viewed as a stuffy, dull profession
Skills

Almost half of accountants believe accountancy is viewed as a stuffy, dull ...

2m Accountancy Age

Almost half of accountants believe accountancy is ...

New data from cloud accounting provider, FreeAgent sheds light on the true nature of the accounting profession. Read More...

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UK Spring Budget 2024: Navigating a transformed fiscal landscape 
Budget

UK Spring Budget 2024: Navigating a transformed fiscal landscape 

2m Accountancy Age

UK Spring Budget 2024: Navigating a transformed fi...

The UK's Spring Budget 2024 prioritises stability, growth, and fairness. Explore key reforms in public spending, tax, and inflation, and their impact ...

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Forget the budget, we need to be thinking longer-term
Budget

Forget the budget, we need to be thinking longer-term

2m Rachael King

Forget the budget, we need to be thinking longer-t...

Amid economic uncertainty, UK political parties are betting on innovation-driven sectors like technology, manufacturing, and green energy to power gro...

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Mind your head (room)! What could we expect in next week’s Budget?
Budget

Mind your head (room)! What could we expect in next week’s Budget?

2m Robert Marchant

Mind your head (room)! What could we expect in nex...

Is there headroom for tax cuts in next week’s Budget, and if so, what will they be? The ‘headroom’ is, of course, a wholly fictitious number, created ...

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UK businesses on tenterhooks ahead of UK Spring Budget 2024
Budget

UK businesses on tenterhooks ahead of UK Spring Budget 2024

2m Accountancy Age

UK businesses on tenterhooks ahead of UK Spring Bu...

As the UK braces for the Spring Budget 2024, businesses across the nation are keenly awaiting Chancellor Jeremy Hunt’s fiscal announcements. Wit...

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Businesses save £1.4 billion in corporation tax through Patent Box scheme
Corporate Tax

Businesses save £1.4 billion in corporation tax through Patent Box scheme

2m Accountancy Age

Businesses save £1.4 billion in corporation tax th...

The amount of tax saved by businesses through HMRC’s Patent Box scheme has increased by 23% over the last five years, from £1.14 billion in 2017/18 to...

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Thomson Reuters buys Pagero in $800 million deal
Accounting Software

Thomson Reuters buys Pagero in $800 million deal

2m Accountancy Age

Thomson Reuters buys Pagero in $800 million deal

Thomson Reuters has successfully acquired Pagero, a Swedish e-invoicing and tax solutions company, for approximately $800 million. The content and tec...

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New cloud architecture from Sovos' could cut tax and compliance burden
Cloud

New cloud architecture from Sovos' could cut tax and compliance burden

2m Accountancy Age

New cloud architecture from Sovos' could cut tax a...

What if tax and compliance reporting were all in the same place? Read More...

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