NatWest faces criminal charges over alleged money laundering
19-03-21
The Financial Conduct Authority (FCA) has begun criminal proceedings against NatWest Bank over what it sees as compliance failures with …
12-Feb-2021
Pay VAT deferred due to coronavirus
The government has updated its advice for those businesses that deferred VAT payments due between 20 March and 30 June 2020 and still have payments to make. They can: pay …
12-Feb-2021
Government sets up ‘Pay as You Grow’ flexible loan repayment
Businesses that took out government-backed Bounce Back Loans to get through Covid-19 will now have greater flexibility to repay their loans. The Treasury’s Pay as You Grow repayment flexibilities enable …
12-Feb-2021
80% of small business owners ‘experiencing poor mental health’
Four in five small business owners report experiencing symptoms of poor mental health at least a few times a year, according to a new study by Mental Health UK and …
12-Feb-2021
Back to Basics videos: the trial balance
PQ magazine – the UK’s leading publication for accountancy and bookkeeping trainees – has joined forces with Training Link’s Michele Butler to help students get to grips with the trial …
05-Feb-2021
Learn more about the Covid sick pay scheme
HMRC is running monthly webinars on the Coronavirus (Covid-19) Statutory Sick Pay Rebate Scheme. The webinars cover the latest information on: who can claim. who you can claim for. how …
05-Feb-2021
Scottish government leaves income tax unchanged
Income tax rates and bands will be unaltered for the coming year, said the Scottish government today. Meanwhile, the thresholds for all but the top rate will rise in line …
05-Feb-2021
Record £23.8m fine for breach of money laundering regs
Money transfer company MT Global Limited has been handed the largest-ever fine issued by HMRC, £23.8 million, for significant breaches of the money laundering regulations. HMRC said the company fell …
08-Jan-2021
EY launches free Brexit App
EY has launched a free Brexit App, designed to help businesses access government notices, regulatory updates and guidance, as well as providing updates with key developments. Designed to help businesses …
08-Jan-2021
The rise and rise of the robots
Large swaths of businesses have used the Covid-19 pandemic to bring in the robots. New research from Deloitte on robotic and intelligent automation found two-thirds (68%) of business leaders worldwide …
08-Jan-2021
Commercial tenant eviction ban extended to March
The UK’s ban on commercial property eviction has been extended to March 2021, the government has confirmed. It also said that this will be the final extension of the initiative, …
08-Jan-2021
Deadline looming for CJRS claims
HMRC is writing to agents to remind them that Coronavirus Job Retention Scheme (CJRS) claims for December must be submitted no later than Thursday 14 January. Claims can be made …
08-Jan-2021
How To Limit Your Stress This Tax Return Deadline – Take control of your clients
Dreading January? As an accountant to self-employed sole traders, we’re going to guess that’s a yes – unless you’ve managed to file your clients Self-Assessment tax returns already… hats off …
08-Jan-2021
New lockdown grants of £4.6 billion unveiled
Businesses in retail, hospitality and leisure impacted by the new lockdown will be able to access additional grants of up to £9,000 per premises – with £4.6 billion being made …
08-Jan-2021
Christmas Day is tax return day!
More than 2,700 customers filed their self-assessment tax return on Christmas Day, according to the latest stats from HMRC. The peak time for completing tax returns was 2pm to 2.59pm, …
14-Dec-2020
PayPal approves bitcoin
PayPal has said it will allow bitcoin payments, a move that is being seen as a significant step towards the mainstream adoption of digital currencies. The announcement sent the price …
14-Dec-2020
‘Wave of business insolvencies’ to hit Britain
Britain will be engulfed by a wave of insolvencies once government furlough schemes come to an end, business rescue specialists Begbies Traynor is warning. “There is very significant distress out …
14-Dec-2020
New HMRC Charter published
HMRC has published its following a full public consultation. The Charter sets out the standards and behaviours taxpayers can expect from the Revenue, and what it expects from taxpayers. HMRC …
14-Dec-2020
‘Cyber Aware’ campaign launched
The National Cyber Security Centre (NCSC) has launched a Cyber Aware campaign to help individuals and organisations protect themselves online. During the festive period last year, cyber criminals stole an …
14-Dec-2020
First Islamic Finance degree launched
Birmingham City University has launched the first accounting and Islamic Finance undergraduate course in the UK – a niche of the finance industry set to grow exponentially in coming years. …
11-Dec-2020
2021 Membership Renewals Explained
Currently, all members renew on 1st Jan each year and this creates a large administrative burden on the membership team so this year we have decided to change the renewal …
LATEST NEWS
Listed below are our latest news
Janet Jack CEO Blog – One year on
18-03-21
The vaccine programme is now well underway and we are seeing restrictions beginning to ease but it’s incredible to think …
Survey finds markets ‘optimistic for economic prospects’
12-03-21
For the first time since the pandemic struck a year ago UK markets are optimistic about the country’s future economic …
Women’s progress at work knocked back
12-03-21
Progress for women in work could be back at 2017 levels by the end of the year as a result …
UK overseas territories top list of world’s tax havens
12-03-21
British overseas territories occupy the top three places in the Tax Justice Network’s top 10 list of the world’s tax …
Move to ban ‘essay mills’
12-03-21
The government is seeking to ban essay mills amid growing concern that unscrupulous firms are using online influencers on campus …
Time to Zoom out?
12-03-21
There really is such a thing as ‘Zoom fatigue’, say academics at Standford University. For many the rise of video …
Government confirms new penalty and interest regime
12-03-21
Reforms to the penalty and interest regimes for VAT and income tax self assessment have been confirmed by the government. …
Money launderers using fake job adverts to target ‘Generation Covid’
12-03-21
Young people whose job prospects have been impacted by the pandemic are being targeted online by criminals looking to recruit …