Accountancy news

• If Labour wants to rewrite the rules it needs clearer policies

  19-11-2019 19:41 via Accountancy | The Guardian
  
  You can applaud some of John McDonnell’s plan but some parts are vague and others just plain oddLet’s start with the good bits in shadow chancellor John McDonnell’s speech on “rewriting the rules of our economy”. Forcing big accounting firms to split their auditing and consulting units is justified: current conflicts of interest are too great. One can applaud the push to get workers onto boards. And enhanced voting rights for long-term shareholders is an idea worth
  
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• EY announces steady UK growth on the back of increased investment

  19-11-2019 16:40 via News – Accountancy Age
  
  EY has enjoyed steady UK growth during the last financial year and has continued to invest in several fields while prioritising audit quality, according to the firm’s annual transparency report.
  Its UK fee income grew by 1.5% to £2.45 billion during the financial year ending 30 June 2019, and the firm has increased its investment in audit quality to £25m per year.
  EY’s revenues in Transaction Advisory Services and Tax grew by 9% and 8% respectively, however its Advisory a
  
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• KPMG ends its backing for Prince Andrew's mentorship scheme

  18-11-2019 20:27 via Accountancy | The Guardian
  
  Accountancy firm not renewing sponsorship, it emerges, after much-criticised TV interviewThe accountancy giant KPMG is not renewing its sponsorship of Prince Andrew’s entrepreneurial scheme [email protected], it has emerged, in the wake of his much-derided interview in which he defended his friendship with Jeffrey Epstein.The Duke of York has been heavily criticised as having shown neither contrition nor sympathy for Epstein’s child victims in the BBC Newsnight interview and his suitabili
  
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• Practice round-up: haysmacintyre LLP, MHA Monahans, BKL and more

  15-11-2019 17:47 via News – Accountancy Age
  
  haysmacintyre LLP nominated for national charity award
  The mid-tier accountancy firm haysmacintyre LLP is set to be honoured by Anthony Nolan, the blood cancer charity, at an awards ceremony held at the Tower of London later this month.
  The firm has been shortlisted for the Organisational Fundraiser of the Year Award at the Anthony Nolan Supporter Awards 2019, taking place on November 28th. Back for its seventh year, the ceremony recognises the outstanding achievements of the volunteers, fundrai
  
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• Firm opens new dyslexia-friendly tax return service

  15-11-2019 11:18 via News – Accountancy Age
  
  Accountancy firm Exchequer Accountancy has just launched a dyslexia-friendly tax return service for dyslexic self-employed individuals, aimed at decreasing HMRC fines due to tax return errors whilst also reducing the stress caused by the task.
  According to new research, over half of self-employed individuals struggling with dyslexia fill-in their own tax returns, with an equal amount admitting they made errors when submitting tax returns – resulting in 16% being fined by HMRC. This is due
  
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• CABA launches campaign to tackle stress amongst trainee accountants

  11-11-2019 18:18 via News – Accountancy Age
  
  CABA, the charity supporting the wellbeing of ICAEW accountants, has just launched its new campaign ‘Drop the Pressure,’ aiming at tackling the high level of stress found amongst trainee accountants in the UK.
  As part of the campaign, CABA will set up its pop-up venting booth ‘The Venting Machine’ on the 12 November, running from 7am to 7pm in Jubilee place, Canary Wharf.
  The sound-proof booth offers professionals the opportunity to “let off some steam,” by ye
  
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• Marking emails as unread (which is really your hidden to-do list), and replying as fast as you can to each one coming in creates a negative, endless quest to get stuff done. https://buff.ly/2WTjVnm pic.twitter.com/xaSwHxgYTl

  11-11-2019 14:02 via @AccountingWEBuk AccountingWEB.co.uk
  Marking emails as unread (which is really your hidden to-do list), and replying as fast as you can to each one coming in creates a negative, endless quest to get stuff done. https://buff.ly/2WTjVnm pic.twitter.com/xaSwHxgYTl
  
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• Pub and bar insolvency jumps 13% as more #millennials go #teetotal https://shar.es/a3bb0q  via @accountancylive

  11-11-2019 13:38 via @accountancylive Accountancy Daily
  Pub and bar insolvency jumps 13% as more #millennials go #teetotal https://shar.es/a3bb0q  via @accountancylive
  
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• Advisers warned about switch to automated taxhttps://www.ftadviser.com/investments/2019/11/11/advisers-warned-about-switch-to-automated-tax/ …

  11-11-2019 13:21 via @accountancylive Accountancy Daily
  Advisers warned about switch to automated taxhttps://www.ftadviser.com/investments/2019/11/11/advisers-warned-about-switch-to-automated-tax/ …
  
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• Getting your firm’s website ranking competitively in search engine results is a long game requiring lots of hard work – don’t let anyone tell you otherwise. Still, there are some quick wins that too many people overlook.https://buff.ly/3

  11-11-2019 13:00 via @AccountingWEBuk AccountingWEB.co.uk
  Getting your firm’s website ranking competitively in search engine results is a long game requiring lots of hard work – don’t let anyone tell you otherwise. Still, there are some quick wins that too many people overlook.https://buff.ly/33vtVFJ 
  
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• The forthcoming general election and cancellation of the 6 November Budget will almost certainly have an impact on the progress of previously announced tax changes. Jackie Hall runs through which policies may or may not be delayed.https://buff.ly/36Rox1O&

  11-11-2019 12:29 via @AccountingWEBuk AccountingWEB.co.uk
  The forthcoming general election and cancellation of the 6 November Budget will almost certainly have an impact on the progress of previously announced tax changes. Jackie Hall runs through which policies may or may not be delayed.https://buff.ly/36Rox1O 
  
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• Pension savers face increased risk from scammers - average #pension scam £82k says FCA @TPRgovuk https://shar.es/a3bXVo  via @accountancylive

  11-11-2019 11:57 via @accountancylive Accountancy Daily
  Pension savers face increased risk from scammers - average #pension scam £82k says FCA @TPRgovuk https://shar.es/a3bXVo  via @accountancylive
  
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• EY to team up for campaign against domestic abuse

  11-11-2019 11:24 via News – Accountancy Age
  
  EY, along with Norton Rose Fulbright, Gowling WLG, and Team London Bridge have teamed up with the local police to launch a campaign aiming at promoting action against domestic abuse.
  The campaign, entitled “16 Days of Action,” will run a series of events from the 25th of November to the 10th of December, exploring the various forms of domestic violence whilst informing businesses on measures they can follow to support their employees experiencing domestic violence.
  The big four firm
  
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• And the same to you, Sanjay!

  11-11-2019 11:21 via @ACCANews ACCA
  And the same to you, Sanjay!
  
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• Two new studies reveal the extent of Britain’s SME balance sheet blight, with small British businesses missing tax deadlines thanks to lost paperwork and one in three not using an accountant.https://buff.ly/32xFwDa 

  11-11-2019 11:17 via @AccountingWEBuk AccountingWEB.co.uk
  Two new studies reveal the extent of Britain’s SME balance sheet blight, with small British businesses missing tax deadlines thanks to lost paperwork and one in three not using an accountant.https://buff.ly/32xFwDa 
  
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• The publication of the second review of the loan charge has been delayed until after the 12 December general election. The move has been met with heavy criticism from MPs, accountancy and tax bodies.https://buff.ly/2qDRrBR 

  11-11-2019 10:37 via @AccountingWEBuk AccountingWEB.co.uk
  The publication of the second review of the loan charge has been delayed until after the 12 December general election. The move has been met with heavy criticism from MPs, accountancy and tax bodies.https://buff.ly/2qDRrBR 
  
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• #EU strategises reforms to cross-border VAT rules- improve fraud detection and simplify requirements for #SMEs https://shar.es/a3b0sm  via @accountancylive

  11-11-2019 10:36 via @accountancylive Accountancy Daily
  #EU strategises reforms to cross-border VAT rules- improve fraud detection and simplify requirements for #SMEs https://shar.es/a3b0sm  via @accountancylive
  
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• #Mamas&Papas sold in pre-pack administration handled by #Deloitte with the assets bought back by owner Bluegem Capital Partners https://shar.es/a3bmS4  via @accountancylive

  11-11-2019 10:19 via @accountancylive Accountancy Daily
  #Mamas&Papas sold in pre-pack administration handled by #Deloitte with the assets bought back by owner Bluegem Capital Partners https://shar.es/a3bmS4  via @accountancylive
  
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• Journalist Sarah Perrin discusses how fighting corruption in the Americas requires the commitment accountants amongst others, to be effective > https://abinternational.accaglobal.com/2019/09/24/19oct_int_i_corruptionamericas/pugpig_index.html &hel

  11-11-2019 10:06 via @ACCANews ACCA
  Journalist Sarah Perrin discusses how fighting corruption in the Americas requires the commitment accountants amongst others, to be effective >
  https://abinternational.accaglobal.com/2019/09/24/19oct_int_i_corruptionamericas/pugpig_index.html …pic.twitter.com/VUi69iD3Lh
  
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• If Xerocon is accountancy’s answer to Glastonbury, @Xero UK MD @garyturner is the Michael Eavis who pulls all the strings to bring the annual extravaganza together. Ahead of this year’s event, he told @JohnStokdyk how Xerocon has evolved since

  11-11-2019 07:30 via @AccountingWEBuk AccountingWEB.co.uk
  If Xerocon is accountancy’s answer to Glastonbury, @Xero UK MD @garyturner is the Michael Eavis who pulls all the strings to bring the annual extravaganza together. Ahead of this year’s event, he told @JohnStokdyk how Xerocon has evolved since 2012. https://buff.ly/36DbUHP pic.twitter.com/Rber3s1gYd
  
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• When someone contacts you at 8.00pm on a Sunday you then face your next rule: when do you reply? If straight away, perhaps you need to hear what Kevin Whitehouse has to say.https://buff.ly/2WTjVnm 

  10-11-2019 21:55 via @AccountingWEBuk AccountingWEB.co.uk
  When someone contacts you at 8.00pm on a Sunday you then face your next rule: when do you reply? If straight away, perhaps you need to hear what Kevin Whitehouse has to say.https://buff.ly/2WTjVnm 
  
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• HMRC has published another block of guidance which focuses on the position for businesses that transact in cryptoassets, but this won’t be the last link in the guidance chain.https://buff.ly/2WVYQsp 

  10-11-2019 19:17 via @AccountingWEBuk AccountingWEB.co.uk
  HMRC has published another block of guidance which focuses on the position for businesses that transact in cryptoassets, but this won’t be the last link in the guidance chain.https://buff.ly/2WVYQsp 
  
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• At AccountingWEB, our mission has always been to advance the profession by providing news, insight and practical guidance. That’s why we’re now bringing our community to life with an exciting event.https://buff.ly/33njq7y 

  10-11-2019 17:19 via @AccountingWEBuk AccountingWEB.co.uk
  At AccountingWEB, our mission has always been to advance the profession by providing news, insight and practical guidance. That’s why we’re now bringing our community to life with an exciting event.https://buff.ly/33njq7y 
  
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• HMRC has recently updated its long and detailed ’chapter 3’ guidance on Gift Aid which gives extensive information on all aspects including valuing benefits and when Gift Aid can and cannot be claimed. @sayervinent reports.https://buff.ly/2pNf

  10-11-2019 14:02 via @AccountingWEBuk AccountingWEB.co.uk
  HMRC has recently updated its long and detailed ’chapter 3’ guidance on Gift Aid which gives extensive information on all aspects including valuing benefits and when Gift Aid can and cannot be claimed. @sayervinent reports.https://buff.ly/2pNfjDd 
  
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• While Mothercare’s global group generated £28.3m profit last year, its UK retail operations lost £36.3m. The parent company carried out a review of the UK business found that it is “not capable of returning to a level of structural

  10-11-2019 13:00 via @AccountingWEBuk AccountingWEB.co.uk
  While Mothercare’s global group generated £28.3m profit last year, its UK retail operations lost £36.3m. The parent company carried out a review of the UK business found that it is “not capable of returning to a level of structural profitability”. https://buff.ly/32iEdYA pic.twitter.com/fjRvBxOplB
  
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• Ten years on from launching her practice, @DellaHudsonFCA recently joined AccountingWEB in Bristol to speak to the new class of wide-eyed firms about the challenges she faced as she started out.https://buff.ly/36BIJoc 

  10-11-2019 12:29 via @AccountingWEBuk AccountingWEB.co.uk
  Ten years on from launching her practice, @DellaHudsonFCA recently joined AccountingWEB in Bristol to speak to the new class of wide-eyed firms about the challenges she faced as she started out.https://buff.ly/36BIJoc 
  
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• When a taxpayer pays up under the terms of loan guarantee they may be able to claim a capital loss, but only if all the conditions of TCGA 1992 s 253 are met, as illustrated by the different outcomes in the cases of Ron Dennis and Michael Hunt.https://buf

  10-11-2019 11:17 via @AccountingWEBuk AccountingWEB.co.uk
  When a taxpayer pays up under the terms of loan guarantee they may be able to claim a capital loss, but only if all the conditions of TCGA 1992 s 253 are met, as illustrated by the different outcomes in the cases of Ron Dennis and Michael Hunt.https://buff.ly/2CvJCRn 
  
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• Hailing from the Estonian capital, Tallinn, Artify developed Uku - pronounced 'OO-koo' - to cater for accountants who wanted a web-based program they could use instead of Microsoft Excel.https://buff.ly/2JO2cZm 

  10-11-2019 10:37 via @AccountingWEBuk AccountingWEB.co.uk
  Hailing from the Estonian capital, Tallinn, Artify developed Uku - pronounced 'OO-koo' - to cater for accountants who wanted a web-based program they could use instead of Microsoft Excel.https://buff.ly/2JO2cZm 
  
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• For organisations using large volumes of contractors, complying with the new IR35 rules will be a huge amount of work. However, it also offers an opportune time to evaluate human capital disclosure issues in current accounting systems.https://buff.ly/36FX

  10-11-2019 07:30 via @AccountingWEBuk AccountingWEB.co.uk
  For organisations using large volumes of contractors, complying with the new IR35 rules will be a huge amount of work. However, it also offers an opportune time to evaluate human capital disclosure issues in current accounting systems.https://buff.ly/36FXV3Z 
  
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• As AccountingWEB prepares to follow a fresh crop of new firms starting out, @DellaHudsonFCA reflects back on her practice highs and lows 10 years on from when she first opened the doors to Hudson Accountants.https://buff.ly/36BIJoc 

  09-11-2019 21:55 via @AccountingWEBuk AccountingWEB.co.uk
  As AccountingWEB prepares to follow a fresh crop of new firms starting out, @DellaHudsonFCA reflects back on her practice highs and lows 10 years on from when she first opened the doors to Hudson Accountants.https://buff.ly/36BIJoc 
  
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• Helen Elliott, a partner at @sayervincent, examines the updated HMRC Gift Aid guidance and outlines where many charities may be missing out.https://buff.ly/2pNfjDd 

  09-11-2019 19:17 via @AccountingWEBuk AccountingWEB.co.uk
  Helen Elliott, a partner at @sayervincent, examines the updated HMRC Gift Aid guidance and outlines where many charities may be missing out.https://buff.ly/2pNfjDd 
  
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• Helen Elliott, a partner at @sayervincent, examines the updated HMRC Gift Aid guidance and outlines where many charities may be missing out. https://buff.ly/2pNfjDd 

  09-11-2019 19:17 via @AccountingWEBuk AccountingWEB.co.uk
  Helen Elliott, a partner at @sayervincent, examines the updated HMRC Gift Aid guidance and outlines where many charities may be missing out. https://buff.ly/2pNfjDd 
  
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• The problem with client communication is the lack of rules. With running a paperless office, the first step is to stop printing. With communication, the first step is to stop communicating.https://buff.ly/2WTjVnm 

  09-11-2019 17:19 via @AccountingWEBuk AccountingWEB.co.uk
  The problem with client communication is the lack of rules. With running a paperless office, the first step is to stop printing. With communication, the first step is to stop communicating.https://buff.ly/2WTjVnm 
  
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• We're delighted to announce the launch of AccountingWEB Live, a major new exhibition designed to engage and support the whole of the UK accounting community. https://buff.ly/33njq7y pic.twitter.com/jcpI7NRGBz

  09-11-2019 15:12 via @AccountingWEBuk AccountingWEB.co.uk
  We're delighted to announce the launch of AccountingWEB Live, a major new exhibition designed to engage and support the whole of the UK accounting community. https://buff.ly/33njq7y pic.twitter.com/jcpI7NRGBz
  
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• Despite the seismic changes that the off-payroll working reforms will bring to contracting in the private sector, HMRC has yet to release any comprehensive guidance on the draft legislation.https://buff.ly/2PRHtr5 

  09-11-2019 14:02 via @AccountingWEBuk AccountingWEB.co.uk
  Despite the seismic changes that the off-payroll working reforms will bring to contracting in the private sector, HMRC has yet to release any comprehensive guidance on the draft legislation.https://buff.ly/2PRHtr5 
  
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• Are you spending your weekend sending work emails? Perhaps you need to set some communication rules. Read Kevin Whitehouse's new AccountingWEB article for more. https://buff.ly/2WTjVnm 

  09-11-2019 13:00 via @AccountingWEBuk AccountingWEB.co.uk
  Are you spending your weekend sending work emails? Perhaps you need to set some communication rules. Read Kevin Whitehouse's new AccountingWEB article for more. https://buff.ly/2WTjVnm 
  
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