Search Results for: Accountancy
Advisers concerned about capacity to meet demand
May 2nd, 2014
Accountants are concerned that they will fail to cope with client demands as the economy improves, according to a new survey. Six in ten (61%) of advisers believe they might not have the capacity to meet to meet increasing ...
“Killer B” anti-abuse regulations are on the way
April 29th, 2014
Recognizing that taxpayers are exploiting the rules in ways it had not intended, the IRS on Friday announced that it will amend the existing regulations on cross-border reverse triangular reorganizations, popularly known as “Killer B” transactions (Notice 2014-32). Killer ...
FRC consulting on going concern in changes to CG code
April 28th, 2014
The FRC is consulting on thorny elements of its guidance on going concern along with reforms to directors’ remuneration policy as part of wider changes to the corporate governance code following on from consultations held last year. Last month, ...
HMRC doubles Gift Aid investigations
April 24th, 2014
THE NUMBER of investigations undertaken by HM Revenue & Customs into Gift Aid claims more than doubled over the past year, raising an additional £6m. Figures obtained by Top 50 firm Wilkins Kennedy show HMRC carried out 1,057 checks ...
Insolvencies rocket amid mounting misery for firms
April 24th, 2014
SCOTTISH corporate insolvencies in the latest full quarter were up 70.6% on the same period of last year, official figures have revealed, and one leading expert predicted the number of failures could climb higher still. The figures, published yesterday ...
IASB starts ‘long journey’ to overhaul macro hedging
April 22nd, 2014
THE WAY banks account for financial risk is to fundamentally change as part on an overhaul to macro hedge accounting proposed by the IASB. Banks generally manage interest rate risk on a portfolio basis but are required to use ...
HMRC targets evasion in further power push
April 16th, 2014
Further powers are set to be afforded to HM Revenue & Customs as the government looks to tighten the noose on those holding funds offshore and maximise its revenues. Already, the taxman has added to its arsenal. Avoidance schemes ...
Income tax rises across OECD
April 14th, 2014
Personal income tax has risen in 25 of the 34 OECD nations over the past three years, as countries reduce the value of tax-free allowances and tax credits and subject higher proportions of earnings to tax, the body has ...
Third of SMEs do not have a business plan
April 11th, 2014
A third of SMEs say they do not have a business plan despite evidence that those that do are consistently more profitable and more than twice as successful in achieving their goals, according to research from software provider Exact. ...
Regulators suggest firms take deep dive into audit quality
April 11th, 2014
While acknowledging that auditors are under unprecedented scrutiny, an international association of audit regulators is asking audit firms to analyze causes of problems in audits globally in hopes of finding remedies. Lewis Ferguson, chair of the International Forum of ...
