ICAEW under pressure due to lack of board diversity
Practice

ICAEW under pressure due to lack of board diversity

3y Accountancy Age

ICAEW under pressure due to lack of board diversit...

The Institute of Chartered Accountants in England and Wales (ICAEW) has come under scrutiny for its board appointments, with new research suggesting a...

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Phil Thompson loses IR35 case
HMRC

Phil Thompson loses IR35 case

3y Accountancy Age

Phil Thompson loses IR35 case

The recent IR35 case involving former Liverpool footballer and Sky Sports presenter, Phil Thompson, has drawn attention to the complexities and implic...

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What should accountants take away from Amazon's $270 million tax win?
Business

What should accountants take away from Amazon's $270 million tax win?

3y Accountancy Age

What should accountants take away from Amazon's $2...

Accountants must stay vigilant, adapt their tax strategies to evolving regulations, prioritize transparency, and foster collaboration with tax authori...

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FRC's competition efforts fall flat as Big Four continue to dominate
Accounting Firms

FRC's competition efforts fall flat as Big Four continue to dominate

3y Accountancy Age

FRC's competition efforts fall flat as Big Four co...

The Big Four audit firms earned 98% of FTSE 350 audit fees in 2022, despite efforts to increase competition within the market Read More...

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Sunak employs Thatcher-like tactics with taxation shift
Corporate Tax

Sunak employs Thatcher-like tactics with taxation shift

3y Accountancy Age

Sunak employs Thatcher-like tactics with taxation ...

As the government prepares for re-election, PM Sunak promises to control spending in order to bring forth tax cuts next year Read More...

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FRC says volume of Tier 2 and 3 audit firms requiring improvement is 'unacceptable'
Accounting Standards

FRC says volume of Tier 2 and 3 audit firms requiring improvement is 'unacc...

3y Accountancy Age

FRC says volume of Tier 2 and 3 audit firms requir...

38% of firms required significant improvements, prompting the council to state Tier 2 and Tier 3 firms must "prioritise audit quality improvements and...

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UK and Switzerland enhance ties with mutual recognition of audit qualifications
Audit

UK and Switzerland enhance ties with mutual recognition of audit qualificat...

3y Accountancy Age

UK and Switzerland enhance ties with mutual recogn...

This arrangement allows auditors who are professionally qualified and registered as statutory auditors in either the UK or Switzerland to apply for re...

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HMRC shifts greater responsibility to insolvency practitioners following cessation tax clearance services
HMRC

HMRC shifts greater responsibility to insolvency practitioners following ce...

3y Accountancy Age

HMRC shifts greater responsibility to insolvency p...

Will the absence of these clearances increases the risk of discovering tax liabilities after the dissolution of the company, leading to financial burd...

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Over two thirds of accountants say AI has had a positive impact on their profession
Skills

Over two thirds of accountants say AI has had a positive impact on their pr...

3y Rachael Kennedy

Over two thirds of accountants say AI has had a po...

67% of participants predicted that their companies will increase AI investment in 2024 through expanded implementation, partnerships with AI software ...

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IAASB introduces new auditing standard for SMEs
Audit

IAASB introduces new auditing standard for SMEs

3y Accountancy Age

IAASB introduces new auditing standard for SMEs

Traditionally, smaller businesses have had to navigate auditing standards designed for larger, more complex entities. This new standard offers a more ...

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New HMRC tax rules set to impact online sellers
HMRC

New HMRC tax rules set to impact online sellers

3y Rachael Kennedy

New HMRC tax rules set to impact online sellers

From January 1, 2024, HMRC will implement new tax rules affecting individuals who sell items on platforms like Etsy, Depop, and Vinted. The new regula...

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Emmanuel Faber secures second term as ISSB Chair
Accounting Standards

Emmanuel Faber secures second term as ISSB Chair

3y Accountancy Age

Emmanuel Faber secures second term as ISSB Chair

Faber has been outspoken about the EU's approach and reinforces the ISSB's approach of a climate transitioning on the "necessary scale" Read More...

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COP28: Accounting bodies call for action on climate-related reporting disclosures
Accounting Standards

COP28: Accounting bodies call for action on climate-related reporting discl...

3y Rachael Kennedy

COP28: Accounting bodies call for action on climat...

Effective corporate reporting on sustainability will prevent greenwashing issues and deliver more data for better implementation of climate policies R...

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25% of total income and capital gains tax paid by 100,000 taxpayers
Personal Tax

25% of total income and capital gains tax paid by 100,000 taxpayers

3y Accountancy Age

25% of total income and capital gains tax paid by ...

HMRC reveal a small majority of people are soldiering a significant proportion of income and capital gains tax, following FOI request. Data has reigni...

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The collapse of Wilko: Role of EY and PwC
Audit

The collapse of Wilko: Role of EY and PwC

3y Accountancy Age

The collapse of Wilko: Role of EY and PwC

The involvement of EY and PwC in this case raises questions about their responsibility and oversight Read More...

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Can the FCA's new Sustainability Disclosure Requirements usher in a new era of responsibility?
ESG

Can the FCA's new Sustainability Disclosure Requirements usher in a new era...

3y Accountancy Age

Can the FCA's new Sustainability Disclosure Requir...

As COP28 gets underway, the FCA's new rules are a significant step towards greater transparency and consumer protection in the sustainable investment ...

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Kaye Adams defeat of HMRC should set IR35 precedent
Brexit & Economy

Kaye Adams defeat of HMRC should set IR35 precedent

3y Accountancy Age

Kaye Adams defeat of HMRC should set IR35 preceden...

Landmark victory for UK freelancers as media Presenter Kaye Adams wins nine-year IR35 case against HMRC Read More...

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Revolut considers auditor change amid UK banking license challenges
Audit

Revolut considers auditor change amid UK banking license challenges

3y Accountancy Age

Revolut considers auditor change amid UK banking l...

Fintech giant considers dropping BDO following audit report in order to obtain clean bill of health from PRA Read More...

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HMRC launches campaign targeting crypto tax evaders
Digital assets

HMRC launches campaign targeting crypto tax evaders

3y Accountancy Age

HMRC launches campaign targeting crypto tax evader...

It is essential for crypto asset owners to take advantage of the new disclosure facility and seek specialist advice when necessary Read More...

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Master the art of end-of-year prep for Limited Company clients
Business

Master the art of end-of-year prep for Limited Company clients

3y Accountancy Age

Master the art of end-of-year prep for Limited Com...

Discover the critical aspects of end-of-year preparation for accountants managing limited company clients, from tax planning to compliance and effecti...

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HMRC's new taxation rules for freelancers will mean significant adjustments
HMRC

HMRC's new taxation rules for freelancers will mean significant adjustments

3y Accountancy Age

HMRC's new taxation rules for freelancers will mea...

Navigate the complexities of HMRC's new tax rules for freelancers and partnerships with our in-depth analysis of the upcoming changes for the 2024-25 ...

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Climate risk analysis must be part of the audit process
CSR

Climate risk analysis must be part of the audit process

3y Accountancy Age

Climate risk analysis must be part of the audit pr...

Incorporating climate risks into audit processes is not only a regulatory requirement but also a business imperative Read More...

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Making Tax Difficult: MPs raise concerns about HMRC
MTD

Making Tax Difficult: MPs raise concerns about HMRC

3y Accountancy Age

Making Tax Difficult: MPs raise concerns about HMR...

The successful implementation of MTD depends on the government's ability to address the concerns raised by stakeholders and provide a transparent and ...

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Leveraging technology for effective AP audit trails
AP

Leveraging technology for effective AP audit trails

3y Accountancy Age

Leveraging technology for effective AP audit trail...

Building a comprehensive AP audit trail can be challenging due to several factors but leveraging technology can help accounting teams approach audit w...

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Rethinking ethics management after PwC junior auditors fined
Career

Rethinking ethics management after PwC junior auditors fined

3y Accountancy Age

Rethinking ethics management after PwC junior audi...

The PwC audit ethics breach serves as a stark reminder of the importance of ethical practices in accounting. This article explores the lessons account...

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Helping businesses manage labour costs
Brexit & Economy

Helping businesses manage labour costs

3y Accountancy Age

Helping businesses manage labour costs

Discover how accountants can help businesses adapt to the new higher living wage, focusing on budgeting, financial planning, and compliance strategies...

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Fee shuffle: Accountants tune into the market rhythm
Invoicing

Fee shuffle: Accountants tune into the market rhythm

3y Accountancy Age

Fee shuffle: Accountants tune into the market rhyt...

Explore how accountants master the art of communicating fee changes, balancing numbers with nuanced client relationships Read More...

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