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Latest News & Blogs

A selection of the latest accounting news and blog posts.

Don't put new, square pegs into out-of-date, round holes No matter how many trendy perks you whitewash your job ad with, all the foosball tables, popcorn machines and barista coffees won't retain a new hire who is being forced to work in an antiquated way and made to do boring, repetitive work that could be done in a better way.

New FRC Corporate Governance Code focuses on culture and diversity ClientEarth lawyer, Dave Cooke, said: "The FRC has misunderstood the critical importance of the TCFD recommendations. The minimal reference to the recommendations appears in the section of the FRC guidance on relations with stakeholders.

Carrying debtors in your firm is a choice Your client or your firm? The obvious answer is your firm, but in a lot of cases, the silly answer is that accountants are letting their clients dictate when they pay them.

BBC to splash £1million of TV licence fee cash to cover staff's accountancy bills Telly favourites including Fiona Bruce and Jeremy Paxman have both said in the past they were "required" by the BBC to be paid through service companies. A BBC spokesman said: "Changes to tax legislation have resulted in significant additional costs for some in producing the legally required financial year end reporting.

PwC appoints two new partners PwC has appointed two new partners in its Northern offices. Tom Yeates, based in the Leeds office, has nearly 20 years' experience providing audit and assurance services to a wide range of clients, from FTSE 100s to private equity companies to start-ups.

Five reasons why scale is not right for every business That's because, as I tell them, success can't be defined solely by a number - increase in turnover, profit, people or markets, for instance. It also needs to factor in the value of your own experience of running the business, and how this feeds into your preferred lifestyle today and your aspirations for tomorrow.

The GDPR is just beginning There are still many issues for accountancy firms to consider. The UK will need to demonstrate that there is an adequate level of data protection in the UK to protect its data flows with Europe. The Exiting the European Union Committee has urged the government to start the process of obtaining an adequacy decision from the EU as soon as possible.

Perceived cost versus actual value of accounts payable But when it comes to making that profit, too many businesses struggle to appreciate the difference between the perceived value of some functions, against the actual costs. In the consumer sphere the best example is that of a hotel guest.

Profit first: Why profit is more important than customer service If you read several of the articles that have appeared on AccountingWEB it's very easy to get sucked into thinking you need to prioritise the 'customer experience' and appoint a 'client champion'. Well, my view is you don't.

EY ranked seventh in 2018 Social Mobility Employer Index UK Big Four firm EY have been named one of the UK's top employers for its social mobility efforts. The firm have received official recognition for taking action around social mobility in the workplace. These rankings are formed by the Social Mobility Foundation in partnership with the City of London Corporation.

Brookson Passes Fcsa Review With Flying Colours Brookson have again passed the FCSA Code of Compliance review of our Umbrella Company and Limited Company Accountancy services and can also confirm that our newly launched CIS/Self Employment service has also passed the review with flying colours to achieve full accreditation status as well.

Lancashire firm helps Accrington high school reach final of national accountancy competition Pupils have number crunched their way to the final of a prestigious accountancy competition with the help of industry mentors. A team of five year 12 pupils from St Christopher's CE High School, Accrington, competed in the final of the ICAEW's 2018 BASE competition.

Expansion on the agenda for accountancy firm A North East accountancy firm is targeting further expansion through the opening of a new office outside of its home region, a major recruitment drive and a restructure of its senior management team.

Yorkshire expansion for accountancy firm A growing accountancy firm is set to open an office in Harrogate to support expansion in Yorkshire. Leathers the Accountants last year upped revenue by more than 25 per cent, underpinned by new client wins and key new appointments, and is now positioning itself to take advantage of further opportunities.

Away from the office: London days out The city is packed with art exhibitions, which are so varied that there should be something for everyone. Ignoring the pleasures of a stroll in glorious sunshine towards Tate Modern along or across the Thames, 1932 appears to have been an annus mirabilis for Pablo Picasso.

Shropshire accountancy firm backs rising tennis star A Shropshire accountancy firm is backing a hopeful sporting star of the future who is trained by one of the best-known table tennis names of all time. Megan Jones is the daughter of Philippa Jones, who is an accounts assistant in the admin department at Dyke Yaxley Chartered Accountants, in Old Potts Way, Shrewsbury.

Old Mutual Wealth buys accountancy firm’s advice arm Old Mutual Wealth Private Client Advisers has acquired the advice arm of Carlisle-based accountancy business Saint and Co, adding £100m assets under advice. Saint and Co partner and adviser Philip Dhillon, adviser Trevor Iredale and a support team will join OMW Private Client Advisers' Cumbria regional hub.

Coin complexity - the real taxes on virtual currencies While the coins are virtual, individuals trading or investing in cryptocurrency - and their tax advisers - need to consider the very real taxes that could apply and how to report those transactions on self-assessment returns. This article focuses on the position of those individuals.

CogitalGroup announces acquisition of Wilkins Kennedy International business services group CogitalGroup has acquired top 20 accountancy firm Wilkins Kennedy in its largest acquisition since its launch. Wilkins Kennedy will join CogitalGroup's UK business Baldwins, which was acquired in 2016.

Steve Denison: Yorkshire chairman resigns after being banned from accountancy Yorkshire chairman Steve Denison has resigned a few weeks after being banned from accountancy for 15 years. In June, Denison admitted misconduct over the 2014 audit of BHS and the Taveta Group, which controls Topshop. He had been chairman for the last three years and said he "did not want his situation to be a distraction".

Tackling tax crime - The Criminal Finances Act checklist The Criminal Finances Act, part of the UK government's efforts to tackle money laundering and recover proceeds of crime, gained royal assent in 2017. What does this mean for SME business owners and what are your Criminal Finances Act responsibilities?

Trio of key promotions at accountancy firm McLintocks McLintocks has promoted Lynsey Jenkins to associate tax director, Stephanie Saunders to audit manager and Kate Williams promoted to accounts manager at its office in Chester. An accountancy firm that supports businesses across Wirral and Cheshire has revelled three key promotions.

Steve Denison: Yorkshire chairman resigns with immediate effect Yorkshire chairman Steve Denison has resigned from his position with the club with immediate effect. Denison was the club's chairman for the three years and said in a statement he was resigning with "deep regret".

BDO makes M&A partner appointment Gurpal Ahluwalia has joined the London office following four years at KPMG. Prior to his role at the Big Four firm, he worked for the Boston Consulting Group. At BDO, Ahluwalia will lead on commercial due diligence in the healthcare and life sciences sectors and will also focus on growth strategy projects at the firm.

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