Accountancy people moves: February 2024
Company News

Accountancy people moves: February 2024

10m Rachael Kennedy

Accountancy people moves: February 2024

The ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...

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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

10m 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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Cyber security 'blind spot' leaves businesses exposed
Technology

Cyber security 'blind spot' leaves businesses exposed

10m Accountancy Age

Cyber security 'blind spot' leaves businesses expo...

The findings from the Azets Barometer January 2024 survey highlight a concerning ‘blind spot’ in the cyber security posture of UK business...

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Top 50+50 Accountancy Firms 2023: One firm reports having more than 50% of its partners as women
50+50

Top 50+50 Accountancy Firms 2023: One firm reports having more than 50% of ...

10m Rachael King

Top 50+50 Accountancy Firms 2023: One firm reports...

As the industry comes under pressure for a lack of gender diversity, the top100 firms appear to have made little progress towards gender parity among ...

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HMRC admits MTD will be costly for landlords
HMRC

HMRC admits MTD will be costly for landlords

10m Rachael King

HMRC admits MTD will be costly for landlords

HM Revenue & Customs (HMRC) has acknowledged the financial and time costs that landlords will face due to the Making Tax Digital (MTD) initiative....

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The ingredients for building the ideal modern finance and accounting team
People In Business

The ingredients for building the ideal modern finance and accounting team

10m Rachael King

The ingredients for building the ideal modern fina...

New research reveals a clear recipe for constructing a high-impact finance unit in today’s rapidly evolving business climate. Global talent lead...

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KPMG and Blue J launch AI tax tool
Big Four

KPMG and Blue J launch AI tax tool

10m Accountancy Age

KPMG and Blue J launch AI tax tool

The tool, Ask Blue J, will revolutionize tax research, allowing KPMG to predict tax outcomes and ask detailed tax-related questions. Read More...

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MHA takes over as auditor for Revolution Beauty
Audit

MHA takes over as auditor for Revolution Beauty

10m Accountancy Age

MHA takes over as auditor for Revolution Beauty

This follows an investigation into undisclosed personal loans and issues with an acquisition. Despite challenges, the company aims to achieve £1bn in ...

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Survey finds UK tax policies stifling business growth and innovation
Tax

Survey finds UK tax policies stifling business growth and innovation

10m Accountancy Age

Survey finds UK tax policies stifling business gro...

UK tax policies are restricting business growth and innovation, according to new research by UK top ten accountancy and advisory firm Azets. With just...

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Deloitte announces scale back of regional deal advisory services
Big Four

Deloitte announces scale back of regional deal advisory services

10m Accountancy Age

Deloitte announces scale back of regional deal adv...

Following a profitability review, Deloitte has decided to scale back its UK deals business due to lower returns. This strategic shift could lead to jo...

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CIPFA Appoints Owen Mapley as new CEO
Business

CIPFA Appoints Owen Mapley as new CEO

10m Rachael King

CIPFA Appoints Owen Mapley as new CEO

The Chartered Institute of Public Finance and Accountancy (CIPFA) has announced the appointment of Owen Mapley as its new Chief Executive Officer (CEO...

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Dow Schofield Watts broadens services to provide fractional support to senior leaders
50+50

Dow Schofield Watts broadens services to provide fractional support to seni...

10m Rachael Kennedy

Dow Schofield Watts broadens services to provide f...

UK-based Dow Schofield Watts (DSW), a mid-market professional services network, announced the creation of a new division called DSW Principal Partners...

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PwC announces launch of new Cambridge-based digital accelerator
Big Four

PwC announces launch of new Cambridge-based digital accelerator

10m Accountancy Age

PwC announces launch of new Cambridge-based digita...

PwC Cambridge launched a new digital accelerator – a 12-week Innovation Programme supported by Multinational Corporations collaborating with tec...

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Can accountants stop the insolvency rot?
Business

Can accountants stop the insolvency rot?

10m Institute of Financial Account...

Can accountants stop the insolvency rot?

November 2023 saw a 21% jump in insolvencies from November 2022, as 2,466 businesses filed for bankruptcy. Is there any way of slowing these growing s...

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PwC launches AI assistant tool for tax services
Big Four

PwC launches AI assistant tool for tax services

10m Accountancy Age

PwC launches AI assistant tool for tax services

The tax AI assistant tool cross references and has been trained on case law, legislation and other underlying sources, together with PwC UK’s own IP R...

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HM Treasury adds uncertainty on AML reform
HMRC

HM Treasury adds uncertainty on AML reform

10m Accountancy Age

HM Treasury adds uncertainty on AML reform

HM Treasury’s response to questions posed by the Association of Accounting Technicians (AAT) regarding proposed reforms to anti-money laundering...

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Slowing client demand stems promotions at PwC
Audit

Slowing client demand stems promotions at PwC

10m Accountancy Age

Slowing client demand stems promotions at PwC

PwC's decision to delay promotions in its graduate scheme, affecting around 100 graduates, is a response to reduced client demand and the aftermath of...

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Top 50+50 Accountancy Firms 2023: Firms report total fee income growth amid market volatility
50+50

Top 50+50 Accountancy Firms 2023: Firms report total fee income growth amid...

11m Rachael King

Top 50+50 Accountancy Firms 2023: Firms report tot...

Mid-market firms experience largest percentage increase in fee income in 2023, as consultancy services start to become leading income streams for the ...

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HMRC collects £1bn in unpaid tax from landfill tax investigations  
HMRC

HMRC collects £1bn in unpaid tax from landfill tax investigations  

11m Accountancy Age

HMRC collects £1bn in unpaid tax from landfill tax...

  HMRC has collected £1bn in extra revenue from investigations into underpaid landfill tax over the past 5 years, with £281m collected in the las...

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Baker Tilly International announces record growth
Accounting Firms

Baker Tilly International announces record growth

11m Accountancy Age

Baker Tilly International announces record growth

Baker Tilly International has today announced record global revenues of US$5.2bn for the financial year ended 31 December 2023, up 11% on the previous...

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Why good accountants need to be more visible to small businesses
Accounting Firms

Why good accountants need to be more visible to small businesses

11m Adam Harper

Why good accountants need to be more visible to sm...

Whilst Small and Medium Enterprises (SMEs) account for around half of the turnover in the UK private sector[1], our own AAT research shows that over a...

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Betting on technology is a big risk if the strategy is not right
Technology

Betting on technology is a big risk if the strategy is not right

11m Accountancy Age

Betting on technology is a big risk if the strateg...

Accounting practices should adopt a holistic approach that puts sound strategy before digitisation Read More...

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How to choose the right accounting software as a small business
Accounting Software

How to choose the right accounting software as a small business

11m Rachael Kennedy

How to choose the right accounting software as a s...

With so many accounting software options on the market today, from QuickBooks to FreshBooks to Xero, it can be overwhelming for small business owners ...

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FRC seeks to break down barriers to competition in UK audit market
Audit

FRC seeks to break down barriers to competition in UK audit market

11m Accountancy Age

FRC seeks to break down barriers to competition in...

The FRC is promoting initiatives to foster a more competitive market, following recent high-profile accounting scandals. Read More...

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Navigating the new normal: The strategic turn to outsourcing in R&D tax services
R&D

Navigating the new normal: The strategic turn to outsourcing in R&D tax ser...

11m Rachael Kennedy

Navigating the new normal: The strategic turn to o...

Amidst complex regulations and a crackdown on fraud, UK accounting firms are increasingly turning to outsourcing as a strategic approach to ensure com...

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To buy or not to buy? That is the technical question
Technology

To buy or not to buy? That is the technical question

11m Accountancy Age

To buy or not to buy? That is the technical questi...

While in-house tech can offer tailored solutions and a competitive edge, market solutions provide access to advanced technology without significant in...

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Why 'numbers people' need better people skills
Skills

Why 'numbers people' need better people skills

11m Accountancy Age

Why 'numbers people' need better people skills

Mastering communication skills is crucial for young accountants, not just for presenting numbers but explaining their implications. This can be achiev...

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