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A selection of the latest accounting news and blog posts.

How to avoid career burnout at partner level Career burnout is especially common among perfectionists; people who work incredibly hard and are always thinking about what they can do next. Accountancy is a particularly competitive industry.

Technology Led Accountancy Services for IT Contractors Currently, the UK flexible workforce comprises over 4.8m people and due to the project-by-project nature of the IT industry, a sizeable proportion of this population is made up of IT contractors. Working as a contractor in the IT sector clearly has its benefits - flexible hours, higher rates of pay and the freedom of working for yourself.

Don't blame the British Business Bank A recent report by think tank Civitas covered the usual ground with respect to the availability of finance to the UK's SMEs and encouraged the creation of a new national investment bank to replace the existing British Business Bank, for whom it had few kind words.

Hong Kong aims to set up independent accountancy watchdog Hong Kong's Financial Reporting Council is mulling over an overhaul to make local auditors shift from a self-regulatory to an independent regulatory regime. That would put Hong Kong on par with other major financial centers. The city's financial community has achieved consensus in that direction.

Accountancy thrilled to be in running for Yorkshire award A Bradford accountancy practice is celebrating this week after the firm was shortlisted for a regional award for outstanding talent. Watson Buckle is in the running for the title of Independent Firm of The Year at the upcoming Yorkshire Accountancy Awards 2018.

Failure to prevent the facilitation of tax evasion - how can accountancy firms manage risk? The Act creates two offences covering both domestic and foreign tax evasion, but the important point is that the offences can be committed by any company or partnership, wherever in the world it is incorporated or registered. To demonstrate that a firm has committed an offence, prosecutors must prove two things:.

Embracing disruption with innovation How do you stay ahead of game-changing market innovations? Simple - be prepared to shake up your own business to make sure you are embracing disruption with innovation. Watching TV, hailing a cab or finding a place to stay while travelling? Market disruptors have transformed a host of everyday activities over the past few years.

Gadget Zone: Get fit quick - Garmin vívosmart 3 Review The Garmin vívosmart 3 seems to be the perfect solution for amateurs trying a little self-help but might also offer something pretty good for those who take their exercise a little more seriously. It is packed with functions that can be tailored or ignored depending on your tastes.

What accountancy roles are high in demand right now? Many companies have seen a particular focus on work-life balance becoming one of the major influencers that tempts top candidates, so companies need to recognise this and accommodate for it at all levels.

Show me the money: forensic accountancy in divorce Disputes about money are common in divorce proceedings, and they become even more likely if the couple in question is well-off and/ or on bad terms with each other.

KPMG's former Brexit head to lead its financial crime practice Karen Briggs, head of KPMG UK's financial crime practice said: "I am delighted to be returning to my roots in forensic at a time when financial crime against businesses is on the rise." "Just as data is an increasingly valuable commodity to fraudsters, it is also being used in much broader financial crime prevention.

Bonuses and profitability: The profession lacks imagination It also contained the telling statement: "two-thirds of finance professionals admitted that they had not received a performance-related bonus over the past year". I am a firm believer in rewarding accountants based on their performance.

Carillion latest: Former finance directors of collapsed government contractor investigated by accountancy watchdog The UK's accountancy watchdog has official launched an investigation into two former finance directors of collapsed construction firm Carillion. The Financial Reporting Council said that the investigation, which will examine the conduct of Richard Adam and Zafar Khan, will be done by its executive counsel and enforcement division.

Former Carillion finance chiefs investigated by accountancy watchdog Mr Khan had his contract terminated last September after eight months in the job, having "spooked" Carillion's board with a financial update a few days earlier that showed there had been a further decline in the company's position since the "shock" £845 million contract write down in July 2017, said the committees.

Newcastle accountancy celebrates major turnover with new client wins A North East accountancy firm has seen its turnover grow by 25 per cent in the past year, with significant new client wins and ongoing recruitment. Leathers - The Accountants, headquartered in Newcastle with an office in Durham, is now braced for further growth after a strong 12 months of business.

Accountancy watchdog launches probe into former Carillion finance directors The Financial Reporting Council will probe former group finance directors Richard Adam and Zafar Khan over statements made between 2014 and 2017. The inquiry will cover 2014, 2015 and 2016, the six-month period to June 30, 2017, and the preparation and reporting of other financial information between 2014-2017.

Accountancy watchdog to probe Carillion finance directors The Financial Reporting Council will probe former group finance directors Richard Adam and Zafar Khan over statements made between 2014 and 2017. The inquiry will cover the years ending December 31 2014, 2015 and 2016, the six-month period to June 30, 2017, and the preparation and reporting of other financial information between 2014-2017.

Accountancy firm calls for tax cuts to boost UK competitiveness post-Brexit Accountancy group UHY Hacker Young has called for the UK to slash its tax rates to boost competitiveness post-Brexit. Research by the accountancy group suggested that the UK's tax burden is 76 per cent higher than that of the major emerging economies.

Accountancy Students Post Strong Showing at Regional Tax Competition Submitted photoThree graduate students from the University of Mississippi Patterson School of Accountancy recently won second place in the Southeastern Regional Tax Challenge Competition. The competition, which was hosted by the University of Alabama, included 19 teams, including teams from all Southeastern Conference schools.

The Big Four accountancy firms face the threat of a break-up The Big Four accountancy firms could be broken up following a wave of scandals at companies they audit that has sparked a 'crisis of confidence' in the industry.

Regulator urges inquiry into breaking up big four accountancy firms A break-up of Britain's big four accountancy firms could end their dominance in auditing the accounts of large companies and address a crisis of confidence facing the sector after a series of scandals, a UK regulator has suggested.

Yes Prime Minister - How the Treasury work out how much tax to raise Here's the whole episode if you're interested. At the start Sir Humphrey explains his view as to how all new Prime Ministers want to cut either taxes or public expenditure…. Two. One to change it and one to make sure it was done within budget 10. If a client beats you up, the pimp just sends you to another client.

PwC's gender pay gap highest of Big Four Across the firm's entire workforce, including partners, PwC reports a mean gender pay gap of 43.8% and a median gap of 18.7%. PwC's mean pay gap is marginally higher than the other Big Four firms, as EY and Deloitte reported theirs to be 38.1% and 43.2% respectively, and KPMG's stands at 42%.

How to move into accountancy from from another career This means our professional lives are an evolving journey, and what we want to do in our twenties may not match our ambitions in our fifties. Businesses have adapted to this, catering to people who want to embark on a different career at a later stage in their lives.

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