Wednesday 22 May 2019, Commenting on the public sector finances for April 2019, published today by the ONS, Martin Wheatcroft FCA, advisor to ICAEW on public finances, said:
A new guide designed to help smaller listed and AIM quoted companies improve their financial reporting has been published by ICAEW and the FRC.
Students achieved another set of impressive results in their March 2019 ACA Professional Level exams and Level 4 Accounting Technician apprenticeship end-point assessments with three of the Professional Level prize winners coming from Malaysia and Singapore.
Tuesday 9 April 2019, We urgently need an ethical framework for the use of big data or we risk undermining the social purpose of financial services, according to ICAEW. The accountancy and finance body is calling for businesses, consumers and regulators to work together to protect vulnerable people from being exploited by the growing use of data and artificial intelligence.
Wednesday 03 April 2019, The legislation and regulation governing the preparation of financial statements are a “bewildering mess”, characterised by inconsistency, duplication and omission – and it is essential all stakeholders help combat this, according to ICAEW.
13 March 2019, The Spring Statement contained good news for business as the Government confirmed that Making Tax Digital (MTD) will not be mandated for any other taxes or businesses in 2020. From 1 April 2019, VAT registered businesses with turnover over the VAT threshold (£85,000) will be required to maintain digital accounting records and to file their VAT returns directly from MTD compliant software.
If you are one of the 6%* of people who missed the self assessment deadline, complete your tax return as soon as possible to avoid your penalty increasing further. If you think your penalty is unfair, ICAEW explains the circumstances in which you might be able to query this with HMRC.
Friday 18 January 2019, ICAEW students beat the January blues by achieving another set of impressive results in their December 2018 ACA Professional Level exams and Level 4 Accounting Technician apprenticeship end-point assessments.
Monday 14 January 2019, Businesses continue to have the same concerns for the next twelve months as they did in 2018, according to research from ICAEW. Uncertainty about the UK relationship with the European Union (EU) remains the biggest challenge. Other expected challenges are also UK related, such as slowing UK economic growth, rising UK inflation, plus the lack of clarity on longer-term business priorities from the UK government.