News
General News
HMRC is reviewing inheritance tax
14 November, 2009
Prediction by a law firm has it that the HMRC (HM Revenue & Customs) will be clamping down on inheritance tax. This could mean estates will face heavy fines.
Professionals ignoring digital communication in business are missing the point
13 November, 2009
With the growing importance of digital communication professionals could be missing the importance of online advertising which is a growing industry in the recession.
HMRC introduces a series of toolkits
12 November, 2009
The toolkits are based on the most common errors seen and will help agents get returns right first time, which will reduce the need for compliance checks.
PFI arrangements being assessed by the House of Lords
10 November, 2009
The PFI (private finance initiative) is a method to provide financial support for public-private partnerships. The Economic Affairs Committee at the House of Lords now need to establish whether PFI is delivering on value for money and if risk transfer is real.
Tobin tax transactions dying a slow death
08 November, 2009
The original proposal for the Tobin tax rate was 1%, which was subsequently lowered to between 0.1% and 0.25%. It was named after the economist James Tobin, and was intended to put a penalty on short-term speculation in currencies.
Chairman of SEC, Mary Schapiro backs the IASB-FASB agreement
06 November, 2009
Chairman of the SEC (US Securities and Exchanges Commission) Mary Schapiro, said in an interview on 5 November that she was encouraged by a renewed commitment by the US and international standard setters to transparency and arriving at agreed accounting standards.
IASB draft proposal released today
05 November, 2009
The new IASB (The International Accounting Standards Board) proposal hopes to address the root cause of the financial crisis by looking into banking decisions when issuing loans.
Accountants accused of tax evasion scheme by the HMRC
04 November, 2009
In a recent report by the Uxbridge Gazette senior executives from the Vantis group, Roy Faichney and David Perrin, appeared in Highbury Corner Magistrates Court following the HMRC allegations.
Car tax recommended by The ICAEW and Environment Agency
27 October, 2009
The ICAEW (The Institute of Chartered Accountants in England and Wales) and Environment Agency have recently launched a guide for companies on how they can report on green issues in their annual financial statements.
Hard times motivate success
23 October, 2009
According to a recent survey by the Aldridge Foundation, personal adversity is a driving factor motivating the UK’s successful entrepreneurs.