Latest Accounting News for the UK Accountancy Profession

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Accountancy Age

  • newGrant Thornton to develop business skills apprenticeship

    Grant Thornton to develop business skills apprenticeship

    Accountancy Age GRANT THORNTON has been chosen by the Department for Business, Innovation and Skills to develop an apprenticeship covering core skills in business administration and customer management. The fifth-largest firm has been champi…
    Published - 18 hours ago, 24 Oct 14, 1:33pm
  • newPCAOB inspection finds deficiencies in a number of KPMG US audits

    PCAOB inspection finds deficiencies in a number of KPMG US audits

    Accountancy Age DEFICIENCIES in a number of KPMG US audits have been found by the US's accounting watchdog in its latest annual inspection. The Public Company Accounting Oversight Board (PCAOB) 2013 inspection included reviews of portions of…
    Published - 18 hours ago, 24 Oct 14, 1:29pm
  • newICAS: profitability not an excuse to brush aside governance issues

    ICAS: profitability not an excuse to brush aside governance issues

    Accountancy Age A RETURN to profitability must not be used as an excuse to push aside continuing concerns over corporate governance and "systemic cultural issues", ICAS chief executive has warned. In a speech to celebrate the 160th anniversa…
    Published - 23 hours ago, 24 Oct 14, 9:18am
  • CIPFA to launch first public audit qualification in 2015

    CIPFA to launch first public audit qualification in 2015

    Accountancy Age CIPFA is set to launch a new professional qualification at the beginning of 2015. The 14,000-strong membership body for those working in public finance said the new qualification will continue to "focus on skills that are ce…
    Published - 1 day ago, 24 Oct 14, 7:42am
  • 200 female employees join class action against KPMG US

    200 female employees join class action against KPMG US

    Accountancy Age MORE THAN 200 KPMG US female employees, past and present, have signed up to a class action against the firm. Two weeks ago 9,000 KPMG US fee-earning women, from its advisory and tax divisions, were contacted about joining a c…
    Published - 2 days ago, 23 Oct 14, 11:59am
  • Deloitte's Tesco probe finds prior reporting period issues

    Deloitte's Tesco probe finds prior reporting period issues

    Accountancy Age DELOITTE has completed its review of Tesco's overstated half-yearly results and confirmed that its black hole is even bigger than the £250m previously declared and goes back even further than the supermarket group had origin…
    Published - 2 days ago, 23 Oct 14, 11:07am
  • HMRC set to miss £3bn LDF target

    HMRC set to miss £3bn LDF target

    Accountancy Age THE LIECHTENSTEIN DISCLOSURE FACILITY is set to fall well short of the £3bn yield initially promised by former HM Revenue & Customs permanent secretary Dave Hartnett in 2012. With just 18 months left to run on the facility,…
    Published - 2 days ago, 23 Oct 14, 10:28am
  • MPs blast KPMG over failings at Co-op Bank

    MPs blast KPMG over failings at Co-op Bank

    Accountancy Age A DAMNING report into the Co-op Bank's failed bit to acquire hundreds of Lloyds bank branches last year has slammed the mutual's auditors, KPMG, for failing to uncover the bank's capital shortfall "until it was too late". The…
    Published - 2 days ago, 23 Oct 14, 10:27am
  • Osborne posits tax breaks for London NFL team

    Osborne posits tax breaks for London NFL team

    Accountancy Age THE CHANCELLOR has raised the possibility of providing tax breaks to a potential London-based American football franchise as he promised the government would do "anything it can" to attract the NFL. George Osborne has already…
    Published - 2 days ago, 23 Oct 14, 10:23am
  • LIVE BLOG: Tesco's trading update

    LIVE BLOG: Tesco's trading update

    Accountancy Age   // ...
    Published - 2 days ago, 23 Oct 14, 6:05am
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HMRC - What's New

  • Increases to the amount of debt that can be recovered by PAYE Tax code
    HMRC are changing the coding out limits to increase the amount of debt collected through a Tax code.
    Published - 1 day ago, 24 Oct 14, 12:00am
  • Advance notice for Agents - Increases to the amounts collected by PAYE Tax code
    HMRC are changing the coding out limits to increase the amount of debt collected through a Tax code.
    Published - 1 day ago, 24 Oct 14, 12:00am
  • Qualifying Recognised Overseas Pension Schemes (QROPS)
    HM Revenue & Customs (HMRC) has published an update to the QROPS list.
    Published - 2 days ago, 23 Oct 14, 12:00am
  • Changes to the filing and payment date on relevant property trusts
    The changes apply to all chargeable events arising on relevant property trusts on or after 6 April 2014.
    Published - 2 days ago, 23 Oct 14, 12:00am
  • Revised Notice 196 October 2014
    Notice 196 has been revised to reflect the introduction of the new due diligence condition on approved excise businesses operating in the alcohol sector as well as changes to some of the published contact details.
    Published - 2 days ago, 23 Oct 14, 12:00am
  • Revised Notice 204A October 2014
    Notice 204A has been revised to reflect the introduction of the new due diligence condition on approved excise businesses operating in the alcohol sector as well as changes to some of the published contact details.
    Published - 2 days ago, 23 Oct 14, 12:00am
  • Revised Notice 204B October 2014
    Notice 204B has been revised to reflect the introduction of the new due diligence condition on approved excise businesses operating in the alcohol sector as well as changes to some of the published contact details.
    Published - 2 days ago, 23 Oct 14, 12:00am
  • Tariff Stop Press Notice 57/14
    Latest amendments to volume 2 of the printed version of the UK Trade Tariff.
    Published - 2 days ago, 23 Oct 14, 12:00am
  • Revised Notice 203A October 2014
    Notice 203A has been revised to reflect the introduction of the new due diligence condition on approved excise businesses operating in the alcohol sector as well as changes to some of the published contact details.
    Published - 2 days ago, 23 Oct 14, 12:00am
  • Newly designated recognised stock exchange
    The Singapore Exchange Securities Trading Limited (SGX-ST) and the Singapore Exchange Derivatives Trading Limited (SGX-DT) markets have been designated as recognised stock exchanges.
    Published - 3 days ago, 22 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 - 24 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 - 36 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 - 43 days ago, 12 Sep 14, 9:04am
  • A truly taxing palindrome
    Sex at noon taxes
    Published - 50 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 - 57 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 - 64 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 - 68 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 - 99 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