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Latest News & Blogs

A selection of the latest accounting news and blog posts.

Imprudent Accountant: Do you report criminal activity? As the supervisors are pulled up over their slack AML enforcement, The Imprudent Accountant deliberates how serious accountants take these matters.I.

Is sponsorship a good investment? While Starry Night on the Rhône, L'Arlésienne, which is usually housed at the Musée d'Orsay in Paris might be familiar, there is a beautiful, quiet prison yard scene, not to mention various stunning portraits and even a pair of boots that will please any fans and should convert many others to the cause.

Dawn raids - what to do when HMRC come knocking Peters and Peters' senior associate Rachel Cook on what to do if the worst happens, and you experience a dawn raid from HMRC.

KPMG supports National Numeracy Week Melanie Richards, deputy chair of KPMG, outlines why National Numeracy Week is so important - and how you can get involved.

Scottish expansion for acquisitive accountancy firm An accountancy firm with offices across the UK is to expand further with the addition of a major counterpart in Scotland. Scott-Moncrieff, a long-established accountancy firm, is to join Baldwins and become part of the fast-growing CogitalGroup.

CMA thinks major overhaul is needed for 'Big Four' accountancy firms The UK's Competition and Markets Authority has recommended a huge change-up of the country's accountancy market. However, when it came to the Big Four, the CMA fell silent. It suggested auditing and consultancy services should be kept separate entirely.

Women underrepresented on accountancy firm boards An online employee referral recruitment platform has analysed the data from the top 25 accountancy firms in the UK and found that women make up just a quarter of the executive boards, however statistics show that in 2014 women made up 44 percent of full-time accountants in the UK.

Watchdog calls for UK's big four accountancy firms to be split up The "big four" accountancy firms could be partially split up and forced to work with smaller rivals, under proposals made by the competition watchdog following a number of corporate collapses including the demise of Carillion and BHS.

Accountancy acquisition creates £200m-turnover firm Home / West Midlands / Deals / Accountancy acquisition creates £200m-turnover firm Walsall business advisory and accounting firm Baldwins has acquired a Scottish firm, creating a £200m-turnover company. The acquisition of Scott-Moncrieff will see it become part of the CogitalGroup, Baldwins' parent company.

Accountancy firms Scott-Moncrieff and Campbell Dallas merge These are external links and will open in a new window. Two of Scotland's biggest accountancy firms, Scott-Moncrieff and Campbell Dallas, are to merge and become part of a much larger international network. Together, the companies will have 45 partners and more than 500 staff in Scotland.

Competition watchdog recommends accountancy market overhaul The Competition and Markets Authority said auditing and consultancy services should be entirely separate. However, industry bodies criticised the proposals, with one saying there was no evidence that they would lead to better audits.

Yellow Book revisions update independence guidance Government Accountability Office in July 2018. The revised standards were restructured by the GAO to separate the standard's requirements from the application guidance. Independence standards appear in Paragraphs 3.17-3.108 of the revised Yellow Book.

Part One: Understanding cyber security in accountancy There is also a lot more work going on at the European level, with the network information and security directive, which became law in 2018." Stevens sums up: "Culturally, we have become digitally trusting." This is the heart of the problem when it comes to the standard of cyber security in the UK.

Moving to a financial shared services model: the data management challenge Jeanette Mifsud of Winshuttle explains how to get the best out of a financial shared services model - even with the challenge of managing huge amounts of data.

Accountancy firm expands into new headquarters Home / North West / Property / Accountancy firm expands into new headquarters More than 100 employees at Blackpool-based accountancy firm Nixon Williams have moved into brand-new offices in Whitehills Business Park.

How has the UK property market reacted to Brexit? Jamie Johnson, CEO and co-founder of FJP Investment, takes a look at what leaving the EU - when we eventually do - will mean for the UK property market.

Need more time? Online accounting packages could be the answer The right online accounting package can give you invaluable insight into your business, improve performance and allow you to run your business anywhere. Cloud accounting allows you to connect and collaborate online with others including your accountant, who can give you advice in real-time about your business.

Raft of promotions at accountancy firm Home / East Midlands / People / Raft of promotions at accountancy firm Leicester accountancy firm Magma has announced a raft of promotions Shaf Bheda has been promoted to senior corporate finance manager, while in the Audit and Accounts / Business Services team, Ryan Parkin and Lotifa Begum have both been promoted to assistant manager.

Acquisitive accountancy firm strikes Scottish deal A West Midlands-based accountancy firm with offices across the UK is to expand further with the addition of a major counterpart in Scotland. Scott-Moncrieff, a long-established accountancy firm, is to join Baldwins and become part of the fast-growing CogitalGroup.

Award-winning accountancy firm nominated for further accolade Award-winning accountancy firm Clive Owen LLP has been shortlisted for another prestigious accolade - the Tax Team of the Year in the North East Accountancy Awards.

CIMA Professional Qualification gets students ready for the future of finance Find out everything you need to know about the CIMA qualification, how much it costs and what doors it can open in the accounting industry.

How could artificial intelligence transform accountancy? Read anything related to technology today, and one term crops up more than any other, Artificial Intelligence. It is hailed as the ultimate game-changer for businesses. According to PwC, 63% of global CEOs believe AI will have a greater impact than the internet revolution of the last 20 years.

The Secret Contractor - How it all began I'm a freelance copywriter. These days I'm busy most of the time with interesting briefs from all sorts of brands - many of them international - and I have an extremely good work/life balance. It wasn't always like this, of course. In fact, it wasn't even intentional.

What extra help will HMRC provide? Taxpayers may view it as adding an entirely unnecessary and vexatious layer of technology and officialese between the individual and the organisation when often all that is required is a simple piece of human reassurance.

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