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

  • newKPMG pulls sponsorship of LSE sports union over ‘offensive' leaflets

    KPMG pulls sponsorship of LSE sports union over ‘offensive' leaflets

    Accountancy Age KPMG has pulled its sponsorship of the London School of Economics (LSE) athletics union (AU) after the institution's men's rugby club distributed ‘offensive' leaflets at its Freshers' Fair. The "homophobic", "misogynistic"…
    Published - 9 hours ago, 22 Oct 14, 2:19pm
  • newFirst sole practitioner ABS licence from the ICAEW

    First sole practitioner ABS licence from the ICAEW

    Accountancy Age THE FIRST sole practitioner has been authorised for probate work by the ICAEW. Dorset-based Hope Shaw, run by David Robinson, is a general accounting practice operating for small local businesses and individuals. The institut…
    Published - 14 hours ago, 22 Oct 14, 10:04am
  • newAudit Commission reveals highest ever levels of council fraud detection

    Audit Commission reveals highest ever levels of council fraud detection

    Accountancy Age NEARLY £200M of fraud has been detected by English councils in 2013/14 - the highest amount for a generation and ten times the 1990 figure, the Audit Commission has revealed. In its latest - and last - report on fraud in loc…
    Published - 14 hours ago, 22 Oct 14, 10:01am
  • Milsted Langdon welcomes first female insolvency practitioner

    Milsted Langdon welcomes first female insolvency practitioner

    Accountancy Age MILSTED LANGDON has appointed its first female insolvency practitioner. Rachel Hotham made company history this month after formally taking on the role, some 17 years after she started at the South West firm's Taunton office…
    Published - 1 day ago, 21 Oct 14, 2:09pm
  • Baker Tilly adds two to London tax team

    Baker Tilly adds two to London tax team

    Accountancy Age BAKER TILLY has confirmed the appointment of two tax partners at its London office. Caroline Rai is to take the head of public sector tax post, having spent 14 years at KPMG as a director. She has advised a broad range of cli…
    Published - 2 days ago, 21 Oct 14, 10:42am
  • KPMG launches £40m enterprise offering for SMEs

    KPMG launches £40m enterprise offering for SMEs

    Accountancy Age KPMG has invested £40m to extend its mid-market services to small and start-up businesses via new technology platform The launch of KPMG Enterprise, a new strategic investment, expands the Big Four firm's service offerings t…
    Published - 2 days ago, 21 Oct 14, 9:56am
  • Labour to hit £3m homes with £10k mansion tax

    Labour to hit £3m homes with £10k mansion tax

    Accountancy Age THOSE OWNING PROPERTIES worth more than £3m will be hit with tax bills starting from £10,000 under a Labour government, according to research by the Institute for Fiscal Studies. Under the party's mansion tax plans, homes w…
    Published - 2 days ago, 21 Oct 14, 9:53am
  • Older 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 - 3 days 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 - 5 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 - 6 days ago, 17 Oct 14, 10:58am
MyFirmsApp

AccountingWEB uk

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 - 5 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 - 6 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 - 7 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 - 7 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 - 7 days ago, 15 Oct 14, 12:45pm

IFAC

Companies House - News

HMRC - What's New

  • newNewly 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 - 24 hours ago, 22 Oct 14, 12:00am
  • newCorporation Tax on chargeable gains - Indexation Allowance - September 2014 (PDF 44K)
    Tables showing the Indexation Allowance for assets disposed of in September 2014 are now available.
    Published - 24 hours ago, 22 Oct 14, 12:00am
  • Agent Update 44 (PDF 458K)
    The bi-monthly round up of the latest developments in tax, HMRC service and consultations for accountants and tax professionals and a section on the latest news and issues from the Working Together network.
    Published - 2 days ago, 21 Oct 14, 12:00am
  • Statutory Instrument SI:2014 No 2689 (Opens new window)
    The Income Tax (Pay As You Earn) (Amendment No. 4) Regulations 2014.
    Published - 2 days ago, 21 Oct 14, 12:00am
  • List of authorised ISA managers (PDF 384K)
    The latest (October 2014) list of authorised ISA managers is now available.
    Published - 2 days ago, 21 Oct 14, 12:00am
  • Pension Flexibility: updated draft guidance
    HMRC has published updated guidance on the changes to pension tax rules that will give individuals greater flexibility to access their pension savings.
    Published - 2 days ago, 21 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 - 3 days 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 - 3 days 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 - 3 days ago, 20 Oct 14, 12:00am
  • 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 - 3 days ago, 20 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 - 22 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 - 34 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 - 41 days ago, 12 Sep 14, 9:04am
  • A truly taxing palindrome
    Sex at noon taxes
    Published - 48 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 - 55 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 - 62 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 - 66 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 - 97 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