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Autumn Budget 2024 Commentary: Manufacturing

Menzies

Menzies LLP - A leading chartered accountancy firm. Tax reliefs for the UK’s world-leading creative industries, which will provide £15 billion of support over the next 5 years. A key theme of today’s budget was “Invest, Invest, Invest!” with the intention of driving economic growth.

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The accountant's advantage over technology in fraud prevention

Accounting Today

According to the Association of Certified Fraud Examiners 2024 Report to the Nations , 29% of fraud cases occur due to a lack of internal controls. EDT 2 Min Read Facebook Twitter LinkedIn Email Fraud drains billions of dollars from businesses annually, affecting economies around the world.

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Is your firm overpaying for external hires?

Accounting Today

With accounting talent in short supply, many firms are paying a premium for external hires instead of promoting their internal talent. My firms compensation data, collected in 2024 and 2025, shows that accounting firms paid 7% more to bring in outside senior analysts in tax and audit than they paid internal staff in the same positions.

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Mississippi, Texas storm victims get tax relief

Accounting Today

The current list of eligible localities is on the IRS Tax Relief in Disaster Situations page.) 3 deadline for both states applies to individual income tax returns and payments normally due on April 15, 2025.

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Broker-dealer audit deficiency rates remain high

Accounting Today

EDT 1 Min Read Facebook Twitter LinkedIn Email The Public Company Accounting Oversight Board reported that deficiency rates remain high across examination, review and audit engagements for auditors of broker-dealers. It found at least one deficiency in 17 (59%) of the 29 examination engagements it reviewed, a decrease of two from 2023.

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Streamlining document security and workflow in accounting

Accounting Today

Document security in accounting encompasses protocols for safeguarding records against unauthorized access, data breaches and loss. million in 2024 , this has never been a more pressing issue. Without the right systems in place, even routine tasks like expense approvals or tax submissions can become time-consuming and error-prone.

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The next generation's view of risk management: career or steppingstone?

Accounting Today

Its Employer Tenure in 2024 report found the median number of years that wage and salary workers had been at their current jobs dropped to 3.9 years in January 2024, the lowest since 2002. This observation is backed up by longer-term data collected by the U.S. Bureau of Labor Statistics. years compared to 4.6 years for those 55-64.

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