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Latest News & Blogs

A selection of the latest accounting news and blog posts.

70 percent of tax professionals stalling on MTD for VAT Thomson Reuters survey has found that business progress is slow on the Making Tax Digital for VAT deadline, despite the opportunity it presents to embrace digital tax compliance.

Deloitte boss admits it has sacked 20 senior partners for 'bullying and sexual harassment' David Sproul of Deloitte said some executives thought it acceptable to proposition younger colleagues in bars. He warned bad behaviour in the firm would not be tolerated and said around 20 UK partners at Deloitte - who earn an average of £832,000 a year - have been sacked over the past four years for inappropriate behaviour.

Seven building blocks: apprenticeship programmes What do apprentices really think of their apprenticeship programmes? What do they think makes a successful, quality apprenticeship? Until now, nobody had an answer to these questions.

2019 will include 450 new trainees for BDO Young people are at the forefront of BDO's 2019 agenda as they reveal their intentions to take on another 450 trainees in 2019.

How Brexit will affect SME recruitment We haven't seen a lot of people leaving businesses at the moment, but we have seen a slowdown in the number of people coming into the UK. There's heightened competition for employers because there's a smaller pool of people.

Social media can be bad for business While the Derby accountant's life must have been hellish over recent months, as he fought tooth and nail to defend what seemed like an indefensible position against the powers that be at ACCA, scratching the surface and digging a little deeper suggests that he has been lucky to retain both professional status and a practising certificate.

Partners in Deloitte fired for inappropriate behaviour Big Four firm Deloitte has revealed it has fired approximately 20 partners in the UK in the last four years on the grounds of inappropriate behaviour. This behaviour includes sexual harassment and bullying in the workplace.

Laying the foundations for the firm of the future While we have yet to see the kind of disruption within accountancy that has characterised other industries, such as retail or even banking, the sector is reaching a tipping point where digital transformation will have a major impact on the culture, structure and working practices of accountancy firms of the future.

Accountancy firm celebrates 12 deals of Christmas The East Midlands office of accountancy firm Mazars says it has advised on 12 deals in the run up to Christmas. The team says it is seeing resilience across the board at entrepreneurial business, acquisitive corporates, banks and private equity investors, despite economic uncertainty.

Businesses are not equipping their workforce for the future Only 41 percent of employees in the UK think the place they work is training them up in the skills they need to continue progressing in their future. PwC's Workforce of the Future 2018 report revealed that more than 50 percent of 18-34 year olds in this country would work in the gig economy.

Taxathon: The hippo who stole Christmas Great advice, so this month along with our email of requesting papers I sent out case studies of clients who have already prepared and submitted their tax returns as well as using our "gunning down" approach in which I, the most expensive resource in the business, called the hippos for their papers.

Brexit forecasts helping or hindering businesses? In a speech delivered by Mark Carney - the governor of the BoE - at the Society of Professional Economists earlier this year, he highlighted how the UK economy "has been subject to a series of major supply shocks over the past five years, creating tensions between short-term output and inflation stabilisations.

AAT study reveals benefits to flexible working Flexible working is an increasingly common offer provided by UK businesses - but what are the benefits versus the drawbacks?

The Ashleyfication of the High Street Mike Ashley is a man who divides opinion. He has turned himself into one of the most successful businessmen in the country and invested heavily in a footbal.

Accountancy firms join forces An accountancy firm with three offices across South Yorkshire and Derbyshire has merged with a counterpart in Buxton. Sutton McGrath Hartley, which has offices in Sheffield, Chesterfield and Rotherham, has merged with BullockWoodburn.

Grant Thornton partners take pay cut Partners at Grant Thornton have been forced to stomach an 8% pay cut to just £373,000 following a difficult year for the accountancy firm.

Accountancy firm opens new office Accountancy firm Brearley and Co has opened a new office in Rotherham town centre. The firm has been established for more than 30 years in Swinton, Mexborough and opened a second office in Dinnington in 2015. It has now acquired premises at 10 The Crofts Rotherham, with about 40 staff employed across its three offices.

How to get ahead in the war for talent Training programmes are vital when training up the next generation of accountants for your firm - but how do you retain them?

How to succeed in Tax in 2019 So with this adapting face of professional services, how can the newly emerging entrants into accountancy firms garner long-term success within the profession?

Focus on your legacy to create a future-proofed business If you're focused on your payday rather than your legacy, you're likely to target short-term gains at the expense of building a robust, future-proofed business. After all, you're setting the pace of the company, providing a runway for future talent and determining its reason for being on a daily basis, all of which build value over time.

Digitalisation touches every aspect of our lives - let's embrace it Alex Davis, Business Development at Intuit QuickBooks, on how Making Tax Digital can bring many benefits, including greater efficiency and money savings.

Accountancy firm relocates to larger premises in response to growth Leeds-based accountancy firm RS Accountancy has relocated to a larger premise in Yorkshire and announces a move to nationwide financial services. Formerly Russell Smith Chartered Accountants, RS Accountancy is a Leeds-based accountant and financial consultancy firm operating in Yorkshire.

Changing face of accountancy Cornish Accounting Solutions was named Firm of the Year at the 20th annual 2020 Conference at the QEII Centre in London. At a packed conference, accountants heard how tech is having a massive impact on the industry - Artificial Intelligence and big data analytics are now a reality and the rise of cloud accounting is the only way forward.

Midlands offices power accountancy giant to strongest growth in a decade KPMG has announced its strongest growth in a decade - and is hailing its Midlands business for its strong performance. Revenues at the accountancy giant increased by 8% from £2.17bn to £2.4bn for the financial year ended 30 September 2018. Underlying profit increased by 18%, to reach £356m.

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