Latest Accounting News for the UK Accountancy Profession

Accountancy Profession is an accountancy news aggregation site created by accountants for accountants

Fully automated Accountancy Profession continuously collates the latest accounting news and headlines from over 150 sources and links straight to the best accountancy websites. Our mission is to enable accountants to see at a glance developments in the accountancy profession by providing links to all the accountancy news in one place and therefore saving the time consuming task of searching hundreds of sites and blogs.

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Accountancy Age

  • newOlder advisers are blocking career paths

    Older advisers are blocking career paths

    Accountancy Age A LOGJAM of accounting staff is slowing up career progression, according to a new survey. Some 28% of accountants said their career path has been obstructed by older colleagues delaying retirement or planning to work beyond 6…
    Published - 18 hours ago, 20 Oct 14, 11:13am
  • Biggest firms drive toughest bargain in M&A deals

    Biggest firms drive toughest bargain in M&A deals

    Accountancy Age SMALL PRACTICES selling to the traditional 'biggest' firms do not always get the best price for their practice, according to consultancy Retiring Accountant. In a white paper released this week, it was revealed the average of…
    Published - 4 days ago, 17 Oct 14, 2:18pm
  • 14 offices to close in significant HMRC cuts

    14 offices to close in significant HMRC cuts

    Accountancy Age SWINGEING CUTS have this week been announced by HM Revenue & Customs as it confirmed the closure of 14 offices by December 2015, while 690 administrative staff have been invited to take voluntary redundancy. Additionally, som…
    Published - 4 days ago, 17 Oct 14, 10:58am
  • PwC called in as Ebola-hit London Mining collapses

    PwC called in as Ebola-hit London Mining collapses

    Accountancy Age PWC has been called into London Mining, the steel mining company operating in Ebola-hit Sierra Leone, after it collapsed into administration. Russell Downs and Peter Dickens of PwC have been appointed as joint administrators…
    Published - 4 days ago, 17 Oct 14, 10:09am
  • Tax gap climbs to 6.8%

    Tax gap climbs to 6.8%

    Accountancy Age THE TAX GAP rose to 6.8% of total tax due in 2012/13, falling to £34bn in value, up on the £33bn and 6.6% shortfall last year. The gap has been relatively consistent in value since 2004/05 - the furthest back estimates go -…
    Published - 4 days ago, 17 Oct 14, 8:52am
  • Last post sounds for Audit Commission as it bequeaths further savings

    Last post sounds for Audit Commission as it bequeaths further savings

    Accountancy Age THE AUDIT COMMISSION'S likely epitaph looks set to be centred on its legacy of reduced audit fees, following its announcement that it has secured a further £30m in predicted savings for local public bodies between 2015 and 2…
    Published - 5 days ago, 16 Oct 14, 11:33am
  • Uber referred to HMRC over tax affairs

    Uber referred to HMRC over tax affairs

    Accountancy Age TAXI SERVICE UBER has been referred to HM Revenue & Customs by London's transport regulator Transport for London (TfL). It follows a complaint made to the city's mayor Boris Johns by Labour MP and Public Accounts Committee ch…
    Published - 5 days ago, 16 Oct 14, 10:03am
  • Seven new partners for Mazars

    Seven new partners for Mazars

    Accountancy Age NEW PARTNERS have been appointed at Mazars. The top ten firm has recruited seven new partners across the board, as it looks to build on "encouraging growth", according to UK senior partner Phil Verity (pictured). "The new par…
    Published - 5 days ago, 16 Oct 14, 10:02am
  • HMRC workers on strike over pay and job cuts

    HMRC workers on strike over pay and job cuts

    Accountancy Age THOUSANDS of HMRC workers across the UK have joined fellow civil servants in a day of strike action to protest over poor pay, job cuts, privatisation and the rapid erosion of pension rights. Some 200,000 members of the Public…
    Published - 6 days ago, 15 Oct 14, 10:23am
  • HMRC should not bypass courts – CIoT's Fairpo

    HMRC should not bypass courts – CIoT's Fairpo

    Accountancy Age A STARK WARNING has been issued to HM Revenue & Customs by CIoT president Anne Fairpo, over an increasing powerbase that is allowing it to sidestep the courts. Powers to directly deduct tax debts from taxpayers' bank accounts…
    Published - 6 days ago, 15 Oct 14, 9:42am
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PwC

Deloitte

KPMG

IFRS Foundation

IAS Plus

  • Agenda for the Joint Transition Resource Group for Revenue Recognition meeting
    The agenda has been released for the second meeting of the Joint Transition Resource Group for Revenue Recognition (TRG), which is being jointly held at the offices of the IASB and FASB on 31 October 2014. The TRG will discuss a number of topics rela…
    Published - 1 Jan 70, 12:00am
  • IFAC announces 2014 editions of various handbooks
    The International Federation of Accountants (IFAC) has announced the availability of the 2014 editions of the handbooks from the International Auditing and Assurance Standards Board (IAASB), International Accounting Education Standards Board (IAESB),…
    Published - 1 Jan 70, 12:00am
  • Compliance checklists for 2014 issued
    Deloitte's IFRS Global Office has issued updated versions of the IFRS compliance, presentation, and disclosure checklist and the IAS 34 compliance checklist for 2014.
    Published - 1 Jan 70, 12:00am
  • We comment on IVSC's Agenda Consultation
    Deloitte Touche Tohmatsu Limited has responded to the International Valuation Standards Council’s (IVSC) Agenda Consultation.
    Published - 1 Jan 70, 12:00am
  • We comment of the IASB discussion paper on macro hedging
    We have published our comment letter on the IASB’s Discussion Paper DP 2014/1 'Accounting for Dynamic Risk Management: a Portfolio Revaluation Approach to Macro Hedging'.
    Published - 1 Jan 70, 12:00am
  • New IFRS Foundation translation
    The IFRS Foundation has announced the publication of a new French translation.
    Published - 4 days ago, 17 Oct 14, 11:40am
  • FEE publishes briefing paper on EPSAS
    The Federation of European Accountants (Fédération des Experts-comptables Européens, FEE) has published a paper offering an overview of the European Commission's initiative to develop European Public Sector Accounting Standards (EPSAS). It also co…
    Published - 4 days ago, 17 Oct 14, 9:25am
  • Launch of SSEI progress report
    The 'Sustainable Stock Exchanges 2014 Report on Progress' was launched at the Global Dialogue in Geneva on 14 October 2014. The report containing a review of sustainability initiatives at 55 exchanges found substantial progress, engagement, and a set…
    Published - 5 days ago, 16 Oct 14, 9:00am
  • FASB and ASBJ hold biannual meeting
    The seventeenth meeting between representatives of the Financial Accounting Standards Board (FASB) and the Accounting Standards Board of Japan (ASBJ) was held in Tokyo on 14 and 15 October 2014. The meeting saw updates on each board's respective stan…
    Published - 5 days ago, 16 Oct 14, 8:05am
  • EFRAG reports on the additional public consultation and outreach on leases
    In July and August 2014, EFRAG and the National Standard Setters from France, Germany, Italy and the UK performed additional public consultations on the two different approaches for lessees proposed by the IASB and FASB. The consultations were comple…
    Published - 6 days ago, 15 Oct 14, 12:45pm

IFAC

Companies House - News

HMRC - What's New

  • Revised Notice 702 October 2014
    This Notice 702 cancels and replaces Notice 702 (April 2014). Details of any changes to the previous version can be found in paragraph 1.2 of this notice.
    Published - 1 day ago, 20 Oct 14, 12:00am
  • Spirit Drinks Verification Scheme
    Information about the Spirit Drinks Verification Scheme on the HMRC website has been updated to reflect changes to the transitional arrangements, timelines and technical guidance.
    Published - 1 day ago, 20 Oct 14, 12:00am
  • VAT businesses supplying digital services to consumers
    On 1 January 2015, changes will be made to the EU VAT place of supply of services rules for digital services. Businesses can now register for the VAT Mini One Stop Shop.
    Published - 1 day ago, 20 Oct 14, 12:00am
  • Control of Raw Tobacco
    HMRC is seeking views on two options for controls on the holding and movement of raw tobacco.
    Published - 1 day ago, 20 Oct 14, 12:00am
  • Tariff Notice 68
    Tariff classification of a printed circuit assembly presented for incorporation into a TV and video reproducing apparatus.
    Published - 4 days ago, 17 Oct 14, 12:00am
  • Tariff Notice 69
    Tariff classification of a plastic tube with a length of 142 cm with a plastic balloon at one end.
    Published - 4 days ago, 17 Oct 14, 12:00am
  • Child Trust Fund: CTF Bulletin 77
    This bulletin provides information on: changes to website information, legacy work and contact details.
    Published - 4 days ago, 17 Oct 14, 12:00am
  • CTF Bulletin Local Authorities and Health Trusts 22
    This bulletin tells you about: changes to website information, form CTF 15 and bulletins, change of Liaison Officer and social workers completing online forms.
    Published - 4 days ago, 17 Oct 14, 12:00am
  • Tariff Notice 68
    Tariff classification of a printed circuit assembly presented for incorporation into a TV and video reproducing apparatus.
    Published - 5 days ago, 16 Oct 14, 12:00am
  • UK/Netherlands Double Taxation Convention - Competent Authority Agreement
    An agreement between the Competent Authorities of the UK and Netherlands has been signed setting out how the provisions of the Convention will apply to Pension Scheme and Charity investors in UK CIFs.
    Published - 5 days ago, 16 Oct 14, 12:00am

Accountant Jokes and Fun

  • 'Born to the m-i-i-i-i-i-ld' (To the tune of Steppenwolf's 'Born to be Wild')
    Calculator runningTotalling invoicesLooking at debenturesAnd all other finance choicesYeah darling, gonna make it add upPut the world in a big spreadsheetDo all of my sums at once andLeave it really neatSome find accounts frightnin’Leaves them full…
    Published - 20 days ago, 1 Oct 14, 9:51am
  • It's official: HMRC writes "ridiculous" "nonsense"
    Given this is a fun blog it's not usual for me to reference the decision in a tax tribunal. But it was impossible to resist when I heard about what the tribunal said.Mr South was appealing against a late filing penalty in respect of his tax return fo…
    Published - 32 days ago, 19 Sep 14, 10:15am
  • An accountant with a STANDOUT way of describing himself
    The way Mark Asquith, Managing Director of Asquith & Co, describes himself, on the meet the team page of his website, certainly makes him stand out. I'm referring especially to the table beneath the more conventional opening paras:I have been working…
    Published - 39 days ago, 12 Sep 14, 9:04am
  • A truly taxing palindrome
    Sex at noon taxes
    Published - 46 days ago, 5 Sep 14, 8:56am
  • Tax flags
    A British guy was chatting with his American friend and was jokingly explaining about the red, white and blue in our National flag."Our flag symbolises our taxes," he said. "We get red when we talk about them, white when we get our tax bill, and blue…
    Published - 53 days ago, 29 Aug 14, 8:53am
  • When a young accountant bought a donkey
    Many years ago a young accountant, Warren, moved to the country and bought a donkey from an old farmer for £200.The farmer agreed to deliver the donkey the next day. When he drove up the farmer said: "Sorry son, but I have some bad news. The donkey…
    Published - 60 days ago, 22 Aug 14, 8:46am
  • Very thick skinned accountant wanted by boss of Ryanair
    I was amused by this headline in The Times: Wanted by Ryanair: accountant, very thick-skinned.Rarely does an accountancy job qualify as a hazardous posting in a hostile environment. However, there is a vacancy for a personal aide to the notoriously…
    Published - 64 days ago, 18 Aug 14, 10:00am
  • Death and Taxes and Zombies
    The following academic paper was brought to my attention after I tweeted a link to a newspaper report that incorrectly implied that more and more people are being 'hit' by inheritance tax while they are still alive.This article fills a glaring gap in…
    Published - 95 days ago, 18 Jul 14, 8:33am
  • All accountants are.......?
    When you start searching in Google the clever little thing offers to complete your search string. In effect the system recognises and offers you the rest of what other people have searched for even if the words are in a different order.Here are some…
    Published - 11 Jul 14, 8:51am
  • What clients say to wind up their accountant
    What do clients say that winds you up?"I just popped everything in this carrier bag here - I knew you could sort it all out for me.""My friend's accountant says.....""I need a mortgage reference - you will make the figures look good for me won't you?…
    Published - 4 Jul 14, 8:14am