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A selection of the latest accounting news and blog posts.
New partner for accountancy firm A REGIONAL accountancy and business advisory firm has appointed a new partner. Helen Binns, who has over 20 years' industry experience, joins Baldwins in the group's Rossendale office. She was previously a partner at PM&M and head of their Burnley office.
I've spent most of this week upset… I've not posted a blog for ages. Invariably I find myself just replying to whatever Any Answers comment is being made when really the thought could be expanded in a blog. .and although I did make a comment I feel that there is much more that I needs to be said that hopefully will resonate with many of you - hence this blog…so bear with me.
Coronavirus paid sick leave and family leave guidance issued Eligible employers are businesses and tax-exempt organizations with fewer than 500 employees that are required to provide emergency paid sick leave and emergency paid family and medical leave under the act. Eligible employers will be able to claim these credits based on qualifying leave they provide between April 1, 2020, and Dec.
CPA Exam emergency testing period invoked As part of this procedure, the 2020 second-quarter testing window will be extended from June 10 to June 30. The decision was made with the understanding that candidates are concerned about their testing options amid the disruption caused by the pandemic.
COVID-19 update for Recruiters There appears to be a lot of confusion in the market on this topic so I wanted to provide you with an update on our current understanding. Whilst on the face of it, an umbrella company and it's employees are applicable for this support package there a still a number of issues that require further clarification.
ICAI CA Examination 2020: Dates of Chartered Accountancy exam revised due to coronavirus lockdown; check new schedule at www.icai.org The decision was taken keeping in mind the 21 day nationwide lockdown due to the coronavirus outbreak. The revised examination date sheet can be viewed by visiting the official website www.icai.org/indexbkp.html.
Were the owl and the pussycat trying to avoid or evade taxes? A simple analysis suggests that this Edward Lear poem is all about tax avoidance. T he Owl and the Pussy-cat went to sea.
AICPA requests broader relief for taxpayers However, as the AICPA notes, the relief does not cover all tax filings and payments affected by the coronavirus pandemic. Specific areas where the AICPA recommends the IRS take action include:. For more news and reporting on the coronavirus and how CPAs can handle challenges related to the outbreak, visit the JofA's coronavirus resources page.
GASB considers postponing effective dates In response to the coronavirus pandemic, GASB is considering postponing all statement and implementation guide provisions with an effective date that begins on or after reporting periods beginning after June 15, 2018. The postponement would include Statement No.
How auditors can test inventory without a site visit Clients are telling auditors not to come on site visits. And in many places, most businesses are legally prohibited from opening their doors.
How to impress in a video interview Rapidly changing circumstances and investment in digital transformation in recent times means our workforce is working more remotely and more flexibly than it ever has before. This is adapting hiring and application processes and the emergence of video interviews is a significant part of this.
How my practice is coping with COVID-19 When's the last time you've had the opportunity to build a forecast to demonstrate the impact of breaking news on your clients' businesses? COVID-19 and social distancing have affected us and our clients.
What is the Job Retention Scheme? - Corona Virus Job Retention Scheme FAQs What is the Job Retention Scheme ? The Coronavirus Job Retention Scheme is a government grant that was introduced on 20 March 2020 to help employers who cannot cover staff costs due to COVID-19. It is aimed at helping to limit redundancies. To which businesses and employers does the scheme apply?
News quiz: Coronavirus dominates the cycle The news has been coming fast and furious in the past few weeks. The JofA has reported daily about the coronavirus pandemic and its effect on the accounting profession.
Two new partners at accountancy firm Leicester-based Sheetal Sanghvi and Nottingham-based Mike Plant both become partners in the firm's tax faculty from 1 April 2020. Sheetal Sanghvi first joined RSM's predecessor firm as an audit trainee after graduating from De Montfort University Leicester with a degree in Business Studies.
What COVID-19 means for CFOs Any finance director or CFO of an organisation large or small will no doubt be experiencing a number of new and unfamiliar challenges that would have been unlikely to have been factored into any disaster recovery plan. These will be both personal and professional and the two in my experience usually overlap.
New partner appointed by accountancy firm A Worcester-based accountancy firm has appointed a new partner. James Howard first joined Haines Watts from Cardiff University in 2007 as an accounts senior before joining Kendall Wadley in Malvern as an audit senior from June 2014.
SEC extends pandemic-related relief Relief provided to public companies, funds, and investment advisers affected by the coronavirus pandemic was extended by the SEC on Wednesday to cover a longer period. Public companies now have a 45-day extension to file certain disclosure reports that otherwise would have been due between March 1 and July 1, according to a new SEC order.
New partner at Worcester accountancy firm James Howard joined the practice from university in 2007 and qualified as a member of the Association of Chartered Certified Accountants five years later. He spent 18 months working at another Worcestershire practice before re-joining Haines Watts in 2015.
Remote working: Strategies for long-term survival With no way of knowing how long the coronavirus crisis might last, we can productively view it as an opportunity to test and fine-tune new ways of working. This particular crisis will pass, but only the foolish would bet against there being another one, probably sooner rather than later.
Coronavirus: What could be done for the self-employed? The package announced by the Chancellor, Rishi Sunak, on 20 March included some significant measures to help employees - including, in particular, the job retention support scheme.
Impact of Coronavirus on UK Markets - Menzies Wealth Management MWM CEO Ben Simpson evaluates the changes in the UK markets and the impact of the Coronavirus on investments, sentient and confidence.
Banking on the cloud: The accounting bank is here Are you using an accounting bank? Of course not. Accounting banks don't exist, yet. That was the opening to this article I wrote for the ICAEW Chartech magazine in October 2017. Fast forward to today and the worlds of banking and accounting have collided.
Talented Highbridge student secures place on prestigious accountancy programme A talented Highbridge school student has secured a place on a prestigious fast-track accountancy programme. Jack Murphy, a sixth form student at King Alfred School Academy in Highbridge, will take up a place on the highly acclaimed Bishop Fleming Accountancy programme.
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