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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.

We are proud to announce that Accountancy Profession is making its own news and has won the coveted PQ Magazine "Accountancy Website of the Year 2012" award.

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Accountancy Age

  • Mercer & Hole steps in at footwear retailer Masai

    Mercer & Hole steps in at footwear retailer Masai

    Accountancy Age MERCER & HOLE administrators have been called to footwear retailer Masai Barefoot Technology (MBT). Chris Laughton and Peter Godfrey-Evans, partners at Mercer & Hole, have been appointed joint administrators to MBT after its…
    Published - 3 days ago, 18 May 12, 9:26am
  • Hurst posts double-digit revenue growth

    Hurst posts double-digit revenue growth

    Accountancy Age REVENUES HAVE GROWN 12% at North-west accountancy firm Hurst. The firm's April 2012 year-end revenues climbed to £4.4m. It opened a London office last year, and added 53 clients. It was also a finalist in Accountancy Age's B…
    Published - 3 days ago, 18 May 12, 9:24am
  • Don’t be so defensive, FRC chief tells audit profession

    Don’t be so defensive, FRC chief tells audit profession

    Accountancy Age THE AUDIT PROFESSION has been overly defensive to criticisms levelled at it for its role in the financial crisis, according to the chief executive of the FRC. The audit market is currently facing a series of inquiries by lawm…
    Published - 3 days ago, 18 May 12, 9:16am
  • Cost climb eats into CIMA profits

    Cost climb eats into CIMA profits

    Accountancy Age PROFITS AT CIMA FELL to half a million pounds in 2011, from £1.1m a year earlier. The management accounting institute posted £47.1m income for the year-ending 31 December 2011, from £43.4m a year earlier, which included a…
    Published - 3 days ago, 17 May 12, 4:02pm
  • Plumber convicted of tax evasion

    Plumber convicted of tax evasion

    Accountancy Age A HAMPSHIRE PLUMBER has been found guilty of tax evasion totalling some £112,000 over a 14-year period. Peter Mack, 59, of Ringwood set up a freelance plumbing business in 1997, but never registered his earning with HM Reven…
    Published - 4 days ago, 17 May 12, 10:44am
  • HMRC employee held in phone-hacking probe

    HMRC employee held in phone-hacking probe

    Accountancy Age AN EMPLOYEE of the taxman has been arrested by detectives investigating corrupt payments made to public officials. The operation was initiated by information supplied News Corporation's management standards committee (MSC) wh…
    Published - 4 days ago, 17 May 12, 9:19am
  • GAAR prompts RSM Tenon to drop specialist tax unit

    GAAR prompts RSM Tenon to drop specialist tax unit

    Accountancy Age RSM TENON will drop certain tax services due to the government's clampdown on tax avoidance. In the interim management statement for 1 January to 16 May the struggling listed accountancy firm announced that it will cull servi…
    Published - 4 days ago, 17 May 12, 9:16am
  • Administrators to close 350 Clintons stores

    Administrators to close 350 Clintons stores

    Accountancy Age ADMINISTRATORS HAVE SHUT just under half of Clinton Cards stores due to it being "burdened with an untenable real estate". Joint administrators from Zolfo Cooper have shut 350 stores from the 784 nationwide, and emply 2,800 s…
    Published - 4 days ago, 17 May 12, 8:57am
  • No Greece tax comparison, says new CIoT president

    No Greece tax comparison, says new CIoT president

    Accountancy Age THE INCOMING PRESIDENT of the Chartered Institute of Taxation has expressed concerns over tax comparisons between Greece and the UK in both the media and public arena. Speaking at CIoT's annual general meeting in Westminster…
    Published - 4 days ago, 17 May 12, 8:54am
  • R3: Regulator failing to address pre-pack concerns

    R3: Regulator failing to address pre-pack concerns

    Accountancy Age THE INSOLVENCY REGULATOR is failing to address concerns about pre-pack administrations, said insolvency trade body R3. According to a report published by the government's Insolvency Service just 4% of reports relating to pre-…
    Published - 5 days ago, 16 May 12, 10:14am

Accountancy Magazine

AccountingWEB uk

PwC

Deloitte

KPMG

IFRS Foundation

IAS Plus

    IFAC

    • IESBA Adds Additional Workstreams to Its Strategy and Work Plan
      The International Ethics Standards Board for Accountants (IESBA) has added additional workstreams to its Strategy and Work Plan for 2012. The board is considering additional projects in the areas of: firm rotation, non-assurance services, the structu…
      Published - 3 days ago, 17 May 12, 9:18pm
    • IPSASB Response to Eurostat
      IPSASB’s response provides some information on the IPSASB’s current actions related to public interest oversight of its activities. We believe that it is important to address the question of oversight first since this is of fundamental significan…
      Published - 9 days ago, 11 May 12, 7:08pm
    • Código de Ética para Profesionales de la Contabilidad
      The translation was performed by Instituto de Censores Jurados de Cuentas de España and reviewed by Instituto Mexicano de Contadores Públicos, together with Federación Argentina de Consejos Profesionales de Ciencias Económicas and a review commit…
      Published - 10 days ago, 11 May 12, 2:15pm
    • IFAC Response to The Monitoring Group Consultation
      The Monitoring Group (MG) has issued a public consultation on the governance arrangements for standard setting. IFAC recognizes the importance of ongoing review and dialogue to enhance these governance arrangements, and we welcome the opportunity to…
      Published - 14 days ago, 7 May 12, 2:55pm
    • Good Practice Checklist for Small Business
      If you do not see the image below, please click here.
      Published - 19 days ago, 1 May 12, 6:28pm
    • 2011 IAASB Annual Report
      If you do not see the image below, click here.
      Published - 20 days ago, 30 Apr 12, 7:19pm
    • IFAC Response to Eurostat Consultation on Use of IPSASs
      The International Federation of Accountants (IFAC) values the opportunity to comment on the public consultation paper issued by Eurostat on February 15, 2012, on the suitability of International Public Sector Accounting Standards (IPSASs) for EU Memb…
      Published - 25 days ago, 25 Apr 12, 6:13pm
    • Companion Manual: Guide to Quality Control for SMPs/Guide to Using ISAs in the Audits of SMEs
      This Companion Manual provides member bodies and other professional accountancy organizations with guidance on how they can make the best use of the SMP Committee's Guide to Quality Control for Small- and Medium-Sized Practices, 3e (QC Guide) and Gu…
      Published - 30 days ago, 20 Apr 12, 8:13pm
    • IFAC Makes Recommendations to the G-20
      IFAC has urged the G-20 Deputies and Finance Ministers at their April 2012 meeting in Mexico to take action to encourage governments to seriously address the quality of public sector financial management systems and institutions. The letter, which is…
      Published - 33 days ago, 17 Apr 12, 8:11pm
    • PSTF Recommendations for the G-20 Nations – Meeting of April 19-20, 2012
      The PSTF strongly encourages the G-20 to implement all of the 15 recommendations presented in its 2011 Report with a strong emphasis on its first two recommendations, encouraging the G-20 to: continue to focus on regulatory convergence in the financi…
      Published - 34 days ago, 16 Apr 12, 5:19pm

    Companies House - News

    • Current Vacancies
      Perl Developer (Front End), Location: Cardiff, Salary: Band C (IT) £23,389 - £28,306.
      Published - 6 days ago, 15 May 12, 11:00am
    • Edinburgh Office closed 21 May
      The Companies House Edinburgh office will be closed on 21 May due to a public holiday. See arrangements for filing documents on this date.
      Published - 6 days ago, 15 May 12, 11:00am
    • Free Public Data Product
      A new Free Public Data Product is currently being developed to provide basic company information free of charge
      Published - 12 days ago, 8 May 12, 4:00pm
    • National Industrial Action - 10 May 2012
      There is planned National industrial action across the Civil Service on Thursday 10 May 2012.
      Published - 13 days ago, 8 May 12, 9:00am
    • All offices closed 7 May
      All Companies House offices will be closed on 7 May due to a public holiday. See arrangements for filing documents on this date.
      Published - 24 days ago, 27 Apr 12, 12:00pm
    • Joint Registration for Company Start Up and Tax
      An option for customers to incorporate a company and register for Corporation Tax in one process has now been introduced.
      Published - 27 days ago, 24 Apr 12, 12:00pm
    • London Office Relocation - Transitional arrangements
      Companies House London will be open for business at its new home in Abbey Orchard Street on Monday 21 May 2012.
      Published - 28 days ago, 23 Apr 12, 9:00am
    • Insolvency – High Court Judgement
      Further information on the High Court Judgment of Mr Justice Briggs re Globespan Airways Limited.
      Published - 33 days ago, 18 Apr 12, 2:00pm
    • Change to acknowledgements of receipt via the Document Exchange Service (DX)
      Companies House will cease receipting of mail via the DX service with effect from 1 August 2012.
      Published - 39 days ago, 12 Apr 12, 9:00am
    • WebFiling is changing
      From 22 April 2012, there will be an improved look and feel of our WebFiling service, including a new company overview screen. Preview the new design now.
      Published - 46 days ago, 5 Apr 12, 9:00am

    HMRC - What's New

    Accountant Jokes and Fun

    • Daft accounting related definitions
      Book value: Value placed on an asset for accounting purposes that bears no relation to its true worth.Budgeting: An exercise where the unknowledgeable force the unwilling to predict the impossible based entirely on the inaccurate.Credit: Something…
      Published - 3 days ago, 18 May 12, 10:15am
    • Fantasy tax simplification
      The biggest laugh at last night's CTA Address came in response to a question from the floor. The question was related to a point the speaker, Andrew Tyrie*, had made about the need for the tax system to be made simpler. He had also stressed, as oth…
      Published - 4 days ago, 17 May 12, 8:15am
    • Best not to be abusive
      This is a true story about a tax dispute that went on for two years before the underlying issue was clarified. It made me smile.An Inspector of Taxes was explaining to me that the owner of the small business had been refusing to co-operate. As a re…
      Published - 6 days ago, 15 May 12, 9:19am
    • Bookkeeping made really simple and fun
      Except that it's never really much fun... And many congratulations to Julia Haigh, the winner of the AAT bookkeeping video competition. This required entrants to explain the principles of double-entry bookkeeping in three minutes or less.
      Published - 10 days ago, 11 May 12, 9:14am
    • 5 "I love my accountant' tweets that made me smile
      Letter from HMRC about completing my tax return. I read it in Moira Stewarts voice, and then posted it to my accountant to sort. Love it.@shipsandpigsI love how you know so much about my expenses. When did I hire you as my accountant?@fl0ralm0ral…
      Published - 26 days ago, 25 Apr 12, 9:25am
    • 3 weird US tax deductions
      In Alabama, you can still deduct $1,000 for building a radioactive fallout shelter. In Arkansas, blind combat veterans may buy a new car every two years tax free. In Hawaii, residents can claim a $3,000 deduction for taking care of "exceptional trees…
      Published - 31 days ago, 20 Apr 12, 9:01am
    • The VAT ditty
      A story about this video caught my eye in the paper today. Thought I'd share it more widely as it's very well written.
      Published - 46 days ago, 5 Apr 12, 9:29am
    • Possibly the best email disclaimer ever
      It's at the foot of emails from Peter Disney of Wood & Disney, a firm of Chartered Accountants. Peter has kindly given his permission for me to replicate it here.DISCLAIMERS, RENUNCIATIONS AND IN GENERAL DENIAL OF EVERYTHING Despite being based just…
      Published - 46 days ago, 5 Apr 12, 7:31am
    • Ode to auditing
      We test without apologyBoth safety and ecologyAnd inventories, budgets, and production.Checking scrap and sanitation,Overtime, and transportation –Not forgetting cost accounting and construction.We test sales and check insurance(EDP tries our endur…
      Published - 54 days ago, 28 Mar 12, 8:50am
    • Can Economics and tax be fun?
      Dr Madsen Pirie, President of the Adam Smith Institute, is attempting to prove that economics is fun. In this, part ten in a series, he explains taxation by ref to Adam Smith's four basic canons of taxation.
      Published - 61 days ago, 20 Mar 12, 5:18pm