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Technical and regulatory news

Collection of Technical and regulatory news articles and resources for accountants and finance professionals.

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LPP in light of the Prudential case

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Legal professional privilege (LPP) is a Common Law right that has developed over the past 400 years. It is designed to ensure that any person can feel confident in seeking advice about their legal rights and obligations - in particular, advice about litigation or potential litigation.

The SRA – growling dog turned guard dog?

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During a recent meeting between representatives of ICAEW’s Solicitors Group and the SRA, it became apparent, that the changes resulting from Outcomes Focused Regulation were not the thing of myths and rumours.

HOFA, COFA... WHATA?

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Solicitors are being bombarded with articles on the role of the COFA, but how many accountants have really understood the full implications of this new role?

10 lost years for law firms

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George Bull looks at what law firms can learn from the past 10 years to better equip them for the challenges that lie ahead.

New responsibilities under SAR

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The Legal Services Act 2007 introduces wide reaching changes to the structure and regulation of legal practices. Two of the changes, a new concept called a Legal Disciplinary Practice (LDP) and firm-based regulation, mean that all lawyers and staff in law firms might need to pay closer attention to The Solicitors’ Accounts Rules 1998 (SAR).

COLP and COFA – not long now

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With 1 January 2013 looming ever closer the SRA has begun to release new details about the appointment process of the new COLPs and COFAs.

SRA's consultation on referral fee ban

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The Solicitors Regulation Authority (SRA) has launched its official consultation on its approach to enforcing the ban on referral fees in personal injury cases.

Partnership taxation: HMRC sets sights on partners with tax proposals

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HMRC’s internal issues with the tax treatment of partners could lead to an unwieldy tax framework for partnerships if the proposals in the latest consultation on the tax treatment of partners gets the go-ahead. Mark Cawthron, specialist tax writer at CCH, unpicks the proposals.

Taxation of termination payments

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Damian Kelly and Sarah Cowen from Higgs and Sons discuss a number of issues with the taxation of termination payments.