HMRC'S annual report is out - Here's what you need to know
HMRC

HMRC'S annual report is out - Here's what you need to know

2y Accountancy Age

HMRC'S annual report is out - Here's what you need...

Accountants are no strangers to poring over lengthy financial documents and annual reports. However, even the most seasoned professionals can benefit ...

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Confidence among global accountants rises again in Q2 2024, despite a big drop in sentiment in the US
Economy

Confidence among global accountants rises again in Q2 2024, despite a big d...

2y Jonathan Ashworth, Chief Economist, ACCA

Confidence among global accountants rises again in...

The ACCA and IMA Global Economic Conditions Survey (GECS) suggests that global confidence among accountants and finance professionals improved slightl...

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The Draft Audit Reform and Corporate Governance Bill – landmark legislation in the making?
Accounting Standards

The Draft Audit Reform and Corporate Governance Bill – landmark legislation...

2y Claudine Morgan, Legal Director and Hannah Gornall, Associate at law firm Charles Russell Speechlys

The Draft Audit Reform and Corporate Governance Bi...

Amongst the 40 laws the government announced in the King’s Speech on 17th July 2024, a draft Audit Reform and Corporate Governance Bill (the Bill) was...

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Reeve's Fiscal Statement: Key takeaways
Budget

Reeve's Fiscal Statement: Key takeaways

2y Accountancy Age

Reeve's Fiscal Statement: Key takeaways

Rachel Reeves, in her first fiscal statement as Chancellor, has painted a challenging picture of the UK’s public finances, revealing significant...

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New superfund guidance reshapes UK pension management
Business Regulation

New superfund guidance reshapes UK pension management

2y Accountancy Age

New superfund guidance reshapes UK pension managem...

The UK’s Pensions Regulator (TPR) has unveiled updated guidance for superfunds, introducing pivotal changes that accountants and financial plann...

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Audit reform back on the agenda, but ‘the devil will be in the detail’
Audit

Audit reform back on the agenda, but ‘the devil will be in the detail’

2y Paul Brehony, partner at Signature Litigation LLP

Audit reform back on the agenda, but ‘the devil wi...

When King Charles delivered the first King’s speech for more than 70 years last November, there was palpable frustration across the accounting profess...

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Chair appointed at Centre for Public Interest Audit following announcement of incorporation
Audit

Chair appointed at Centre for Public Interest Audit following announcement ...

2y Accountancy Age

Chair appointed at Centre for Public Interest Audi...

The Centre for Public Interest Audit (CPIA), a new organisation that will bring together auditors from across the profession to shape best practice an...

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Labour government full speed ahead on audit reform
Audit

Labour government full speed ahead on audit reform

2y Accountancy Age

Labour government full speed ahead on audit reform

The recent King’s Speech has unveiled a raft of legislative proposals set to significantly reshape the landscape for accountants and auditors ac...

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Will HMRC digital services get to where they need to be?
Brexit & Economy

Will HMRC digital services get to where they need to be?

2y Caroline Miskin, Senior Technical Manager Digital Taxation, ICAEW

Will HMRC digital services get to where they need ...

HMRC service performance has been a hot topic for some time and has received considerable attention in mainstream media, at parliamentary committees a...

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Cross-border compliance is hindering business growth - research
Business Regulation

Cross-border compliance is hindering business growth - research

2y Rachael Kennedy

Cross-border compliance is hindering business grow...

Over 80% of businesses around the world indicated that cross-border compliance complexity impacts their decision to sell into new markets, according t...

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Chancellor unveils £7.3 billion National Wealth Fund to bolster private sector investment
Economy

Chancellor unveils £7.3 billion National Wealth Fund to bolster private sec...

2y Accountancy Age

Chancellor unveils £7.3 billion National Wealth Fu...

The Chancellor of the Exchequer, Rachel Reeves, has announced the creation of a £7.3 billion National Wealth Fund (NWF), a pivotal move by the newly e...

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Audit reforms, sustainability and industrial strategy key to Starmer's economic growth pledge
Accounting Firms

Audit reforms, sustainability and industrial strategy key to Starmer's econ...

2y Accountancy Age

Audit reforms, sustainability and industrial strat...

The UK’s new Labour government must commit to taking forward audit and corporate governance reform and legislate to clear the local audit backlog in E...

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Breaking news: Insights into Labour's victory
Brexit & Economy

Breaking news: Insights into Labour's victory

2y Accountancy Age

Breaking news: Insights into Labour's victory

The recent decisive victory of the Labour Party in the UK’s general election will undoubtedly send ripples through the nation’s financial ...

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UK business owners want easing of EU trade barriers and cuts to VAT from next Government, shows survey
Brexit

UK business owners want easing of EU trade barriers and cuts to VAT from ne...

2y Accountancy Age

UK business owners want easing of EU trade barrier...

Many businesses still struggling with post-Brexit trade friction Read More...

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Is there a need to overhaul local auditing processes in the UK?
Audit

Is there a need to overhaul local auditing processes in the UK?

2y Accountancy Age

Is there a need to overhaul local auditing process...

Following the recent publication of supplementary guidance by the National Audit Office (NAO), the Institute of Chartered Accountants in England and W...

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Election tax policies under scrutiny, accountants demand transparency and innovation
Brexit & Economy

Election tax policies under scrutiny, accountants demand transparency and i...

2y Rachael Kennedy

Election tax policies under scrutiny, accountants ...

As the UK gears up for the general election, accounting and tax experts are calling on the incoming government to address critical gaps in tax policie...

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Overtime pay sees HMRC wage bill rise by £5.5m following significant job cuts
HMRC

Overtime pay sees HMRC wage bill rise by £5.5m following significant job cu...

2y Rachael Kennedy

Overtime pay sees HMRC wage bill rise by £5.5m fol...

New research from The Global Payroll Association (GPA), reveals that HMRC has reduced its core workforce by -3.8% in the past year, but that this staf...

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Forget national service, focus on financial literacy
Economy

Forget national service, focus on financial literacy

2y Accountancy Age

Forget national service, focus on financial litera...

TikTok accountant launches SME advice podcast on UN Micro and SME day, 27 June Read More...

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An accountant's guide to the Labour manifesto
Brexit & Economy

An accountant's guide to the Labour manifesto

2y Accountancy Age

An accountant's guide to the Labour manifesto

Labour's manifesto aims to rebuild the economy with a focus on growth, social justice, and sustainability. Key proposals include capping corporation t...

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An accountants guide to the Conservative manifesto
Brexit & Economy

An accountants guide to the Conservative manifesto

2y Accountancy Age

An accountants guide to the Conservative manifesto

Ahead of the General Election, Accountancy Age will be providing an analysis of the leading party’s manifestos and the impact they will have on the UK...

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An accountants guide to the Liberal Democrats' manifesto
Corporate Tax

An accountants guide to the Liberal Democrats' manifesto

2y Accountancy Age

An accountants guide to the Liberal Democrats' man...

The Liberal Democrats' 2024 manifesto, "For A Fair Deal," proposes significant tax reforms, focusing on fairness and sustainability. Key changes inclu...

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UK economy improving, but no quick fixes for the next government
Economy

UK economy improving, but no quick fixes for the next government

2y Jonathan Ashworth, Chief Economist, ACCA

UK economy improving, but no quick fixes for the n...

2023 was a challenging year for the UK economy, which expanded by just 0.1%, and experienced a technical recession in the second half of the year. Adm...

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Are high street banks really restricting cash for SMEs?
Consulting

Are high street banks really restricting cash for SMEs?

2y Accountancy Age

Are high street banks really restricting cash for ...

Nearly eight in ten brokers (77%) believe that high street banks are scaling back their willingness to fund small and medium-sized businesses, accordi...

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What are the consequences for directors who file company accounts late?
Accounting Standards

What are the consequences for directors who file company accounts late?

2y Nick Scott and Jonathan Chibafa, partners at Keystone Law

What are the consequences for directors who file c...

Under the Companies Act 2006 (“CA 2006”), it is a criminal offence for directors to file their company accounts late. Typically, there isn...

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SMEs are worried about political uncertainty - accountants, take heed
Brexit & Economy

SMEs are worried about political uncertainty - accountants, take heed

2y Accountancy Age

SMEs are worried about political uncertainty - acc...

Over half of SME decision makers have cited the potential change of government and political uncertainty as key concerns Read More...

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Rumours of pre-election Finance Bill propose potential tax cuts
Budget

Rumours of pre-election Finance Bill propose potential tax cuts

2y Rachael King

Rumours of pre-election Finance Bill propose poten...

As the UK gears up for a general election on July 4th, speculation is mounting about a possible finance bill that could be introduced in the final day...

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Fraud remains a major problem as over £1 billion is stolen by criminals in 2023
Brexit & Economy

Fraud remains a major problem as over £1 billion is stolen by criminals in ...

2y Rachael Kennedy

Fraud remains a major problem as over £1 billion i...

UK Finance releases its 2024 annual fraud report, detailing the amount its members reported as stolen through payment fraud and scams in 2023. Read Mo...

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