UK small businesses are facing an annual tax compliance burden nearing £25 billion, according to recent findings by the Federation of Small Businesses...
View articleUK accountancy firms and their clients face a tightening of corporate liability rules from 1 September 2025, when the new offence of Failure to Preven...
View articleThe Financial Reporting Council (FRC) has launched an investigation into EY’s audits of the Post Office, focusing on the period from March 2015 to Mar...
View articleThe Financial Reporting Council (FRC) has fined EY nearly £5m for “serious breaches of standards” in its audits of Thomas Cook’s financial statements ...
View articleEfforts to ease cross-border mobility for auditors between the US and UK have hit a roadblock, with longstanding negotiations over mutual recognition ...
View articleForvis Mazars has released its 2024 UK Sustainability Report, setting out a sharpened set of environmental and social goals, including a revised net z...
View article82% of employees use external material in generative AI tools, CLA warns Read More...
View articleIn terms of perception, it’s clearly helpful for companies to be seen to be green. The evidence shows this can help attract customers, new recruits an...
View articleTwo of the world’s leading professional bodies have signed a three-year cooperation deal aimed at strengthening the global response to fraud in busine...
View articleAccountancy bodies urge IPSASB to expand scope of public sector climate reporting Read More...
View articleErnst & Young (EY) is set to implement one of its most substantial partner redundancy initiatives in decades, aiming to safeguard profitability am...
View articleThe Financial Conduct Authority (FCA) has abandoned its proposal to introduce a public interest test for disclosing investigations into regulated firm...
View articleHMRC’s enforcement of IR35 off-payroll working rules has generated an extra £4.2bn in tax over the past four years, affecting approximately 120,000 co...
View articleSuccessful productivity initiatives require synergies and board-level collaborations that seamlessly integrate people, technology, and finance, but sy...
View articleA consortium of global and European accounting organizations is joining forces to address two major challenges facing the profession: the integration ...
View articleFor over a decade, HMRC’s Real-Time Information (RTI) system has been the backbone of payroll reporting in the UK. Introduced with the promise of impr...
View articleThe European Commission has unveiled sweeping changes to sustainability reporting requirements under its Omnibus Simplification Package, a move that w...
View articleThe UK’s Financial Conduct Authority (FCA) has found that most financial advice firms are delivering suitability reviews as required, but gaps remain ...
View articleThe Association of Accounting Technicians (AAT) has named Sir Stephen Hillier as its inaugural Board Chair, a move that signals a sweeping overhaul of...
View articleUK firms are increasingly defaulting on fines imposed for the late filing of annual accounts, with recent data exposing significant gaps in major comp...
View articleThe European Union has set 30 June 2032 as the deadline for the mandatory adoption of electronic VAT exemption certificates, replacing the traditional...
View articleThe UK’s tax authority, HM Revenue & Customs (HMRC), has abandoned plans to alter the tax treatment of members within limited liability part...
View articleUnderstanding what drives productivity is crucial to economic growth, innovation, and living standards, making all of us stakeholders in the efforts t...
View articleMore than half of large UK financial services firms experienced at least one third-party supply chain attack in 2024, with nearly a quarter facing thr...
View articleThe UK’s financial watchdog is facing fierce resistance over its proposal to publicly disclose company investigations before enforcement action is tak...
View articleThe global accountancy body has thrown its support behind the UK government’s proposed overhaul of local authority audits but warns that the reforms l...
View articleOn Friday, January 31, 2025, Barclays experienced a significant IT outage that disrupted various banking services, including online and mobile banking...
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