All the latest news about ICAEW and the accountancy profession.
Don't miss out on our daily summary of what's happening in the world of accountancy. If you are a member you can change your contact preferences so it is delivered daily to your mailbox.If there is one sector that has captured the world’s imagination in 2021 it must be biotech. And it’s firmly on investors’ radars too.
Data offers huge business opportunities and boards, funders and creditors increasingly expect data analysis to underpin decisions, but financial controllers must grasp the challenges surrounding data integrity, trust in data and ethics to capitalise on its potential, an expert is warning.
This week’s chart takes a look at the rebound in UK gross domestic product in March 2021, despite the country remaining in lockdown.
ICAEW Insights speaks to Rolls Royce finance business partner George Acquah to discover some of the lessons he’s learned during the pandemic.
ICAEW Insights explores where the chartered accountant of the future might work, with recent trends including local co-working spaces and building communal office space into new housing developments.
The government has published the National Insurance Contributions Bill, which legislates reliefs for employers of veterans and those operating in Freeports, as well as for the self-employed isolating due to COVID-19. The Bill will also enable upcoming changes to the DOTAS scheme to apply to national insurance avoidance.
The UK government admits that post-Brexit trade deals include clauses that could prevent companies benefitting from freeport tax breaks, affecting business worth up to £35bn annually.
Small businesses in the UK can now register their interest in joining ‘Help to Grow’, the government’s new scheme to help SMEs prosper post-pandemic.
HMRC has issued new guidance on the fraudulent activities of so-called ‘mini-umbrella companies’ sometimes created to avoid paying tax and national insurance. ICAEW’s Tax Faculty calls on members to ensure they are informed.
Highlights from the broader tax news week ending 12 May, which includes resolution of CGT 2021/22 returns issue, a new HMRC service to allow firms to practice making customs declarations, details of new plastic packaging tax, and updates to VAT notices 700/22 and 700/46.
With working patterns likely to be permanently affected by the pandemic, many employers are facing a change in the way people value work and their expectations of how they will be managed.
Mazars says the termination settlement paid to York’s former chief executive was “arguably unlawful”, while also criticising how the council dealt with conflicts of interest.
As the recent Post Office Horizon saga has demonstrated, there is a need to strike a considered balance between blind faith in technology and a lack of faith in IT.
The partnership model remains skewed against mothers and caregivers rising up the ranks unless they have a partner or husband who assumes the lion’s share of the child caring responsibilities, new research has found.
Whether an employee has fixed or variable pay is a key concept for calculating amounts that can be claimed under the Coronavirus Job Retention Scheme. The Tax Faculty explain that the classification of some employees is essentially the employer’s choice.