Latest Accounting News for the UK Accountancy Profession

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

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Accountancy Age

  • Former soldier handed jail sentence after tax fraud

    Former soldier handed jail sentence after tax fraud

    Accountancy Age A FORMER SOLDIER turned tax agent has been convicted of six offences under the Fraud Act after he "lied" to cover up incorrect tax returns submitted for clients, following an investigation by HM Revenue & Customs (HMRC). Jona…
    Published - 2 days ago, 19 Dec 14, 3:58pm
  • Trainee accountant spared jail over Rodney Trotter ruse

    Trainee accountant spared jail over Rodney Trotter ruse

    Accountancy Age A TRAINEE ACCOUNTANT and international ping-pong player has received a suspended jail term for creating a false alter ego, dubbing himself Rodney Trotter in a brazen bid to sell counterfeit goods on Facebook. 25-year-old Ryan…
    Published - 2 days ago, 19 Dec 14, 3:25pm
  • Social media 'still a minorty interest' for UK accountants

    Social media 'still a minorty interest' for UK accountants

    Accountancy Age BRITISH ACCOUNTANTS are increasingly engaging in social media, but the vast majority remain passive observers, a new survey reveals. The latest annual survey by global information services company Wolters Kluwer, shows that 8…
    Published - 2 days ago, 19 Dec 14, 12:36pm
  • Riverside makes investment into Brookson

    Riverside makes investment into Brookson

    Accountancy Age CONTRACTOR specialist Brookson has received investment from a global equity firm. The Warrington-based tax and back-office service provider has been invested in by The Riverside Company, a PE firm that takes a stake or acquir…
    Published - 3 days ago, 19 Dec 14, 11:24am
  • Increased audit responsibilities prompt FRC levy hike

    Increased audit responsibilities prompt FRC levy hike

    Accountancy Age THE FRC is set to cap in hand to the profession and increase the amount sought through levy contributions as the accounting watchdog grapples with increased costs associated with its audit work. In its Draft Plan, Budget and…
    Published - 3 days ago, 19 Dec 14, 11:16am
  • FRC consults on EU audit directive and regulation

    FRC consults on EU audit directive and regulation

    Accountancy Age FEEDBACK is being sought by the Financial Reporting Council on a number of proposed changes to the EU Audit Directive and Regulation. Key areas up for specific debate are organisations not covered by the definition of Public…
    Published - 3 days ago, 19 Dec 14, 11:16am
  • Advisers to be bypassed in RTI penalty notifications

    Advisers to be bypassed in RTI penalty notifications

    Accountancy Age ACCOUNTANTS and payroll advisers will be bypassed by HM Revenue & Customs when their client received a filing penalty, it has emerged. Employers have been operating real-time PAYE since it was introduced in April 2013, and it…
    Published - 3 days ago, 19 Dec 14, 10:49am
  • Former Andersen chief to leave Computacenter

    Former Andersen chief to leave Computacenter

    Accountancy Age FORMER Andersen UK chief John Ormerod is to step down from his non-exec role at Computacenter. Ormerod, who oversaw the UK firm during the entire network's post-Enron collapse, is to be replaced by former Deloitte senior audi…
    Published - 4 days ago, 18 Dec 14, 11:12am
  • KPMG UK revenues up 5% despite tax practice dip

    KPMG UK revenues up 5% despite tax practice dip

    Accountancy Age KPMG has announced 5% growth in its UK fee income in the year ended 30 September 2014, despite a significant dip in its tax practice's income. Overall revenues hit £1.9bn, up from £1.8bn the year before, but tax saw a reduc…
    Published - 4 days ago, 18 Dec 14, 11:08am
  • Baker Tilly hails 47% growth in turnover

    Baker Tilly hails 47% growth in turnover

    Accountancy Age BAKER TILLY'S LATEST NUMBERS show its revenues rose 47% to £245m for the financial year ending 31 March 2014. The figures include the six months following the firm's acquisition of RSM Tenon in September 2013. Post-acquisiti…
    Published - 5 days ago, 17 Dec 14, 12:02pm
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  • Tax issues for Santa to ponder
    Santa's VAT adviser, who wishes to remain anonymous, says she has been pondering some key issues:First things first, is Santa a taxable person? He is only active once a year (though it is a busy night and he visits a lot of countries!). Also his acti…
    Published - 10 days ago, 12 Dec 14, 8:03am
  • Scary Tax Movies
    Many thanks to @Freeagent for prompting twitter users to suggest #ScaryTaxMovies this Halloween.I've picked some of the best suggestions:Tax Return of the Living Dead - +PracticeWEB LtdSilence of the ledgers - +slackbladder35Taxes Chainsaw Massacr…
    Published - 51 days ago, 31 Oct 14, 3:54pm
  • '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 - 82 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 - 94 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 - 12 Sep 14, 9:04am
  • A truly taxing palindrome
    Sex at noon taxes
    Published - 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 - 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 - 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 - 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 - 18 Jul 14, 8:33am