In KPMG Australia Cheating Scandal, Apparently Cheaters *Do* Win

Going Concern

From Australian Financial Review : Chartered Accountants ANZ has belatedly ruled that only 12 of the 422 members from big four consulting firm KPMG who took part in systemic exam cheating will be put through the professional body’s individual disciplinary process.

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Podcast: Trading with a familiar face

Menzies

Menzies LLP - A leading chartered accountancy firm.

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Podcast: Shining a light on energy company insolvencies

Menzies

Menzies LLP - A leading chartered accountancy firm.

Practical People Management Series

Menzies

Menzies LLP - A leading chartered accountancy firm. The People Solutions team are hosting a series of webinars on common people management challenges, providing practical advice and guidance on how to successfully navigate these.

ACCA and Innovate Finance forge new collaboration

Accounting Insight

ACCA (the Association of Chartered Certified Accountants) and Innovate Finance, the industry body that represents the UK FinTech sector, reach agreement to connect their networks and collaborate on knowledge sharing, policy and insights.

Northern Ireland Protocol update – summary of issues document from the Government

Menzies

Menzies LLP - A leading chartered accountancy firm. Last week, the Northern Ireland Protocol Bill was introduced to parliament and the Government published a document, setting out the issues facing Northern Ireland and how the Bill will seek to resolve them.

Albert Goodman celebrate being the best UK accountancy firm to work for in the latest Best Companies list

Accounting Insight

Regional chartered accountancy firm Albert Goodman has featured in the Best Companies 2022 list as the best accountancy firm to work for in the UK which was revealed during the Best Companies live event on Friday 20 May by TV and sports presenter, Dan Walker.

The three golden rules of running a small business

Menzies

Menzies LLP - A leading chartered accountancy firm. However, by taking into account three key areas, time, communication and trust, decision makers stand a stronger chance of overcoming industry challenges and maintaining a viable business.

Is it time for a rethink of the capital allowances system?

Menzies

Menzies LLP - A leading chartered accountancy firm. When made later this year, any Budget announcements on capital allowances will take into account the latest economic and fiscal position.

Deal Alert: Menzies assists on the sale of Geotek

Menzies

Menzies LLP - A leading chartered accountancy firm. Our Corporate Finance Team recently assisted BCMS on advising the shareholders of Geotek on the sale of the business to Judges Scientific plc, for a total consideration up to a maximum of £80 million, plus excess cash.

High Court Ruling Effecting Companies Operating With a Sole Director with Model Articles

Menzies

Menzies LLP - A leading chartered accountancy firm. What are the details? Model” articles of association are the standard default articles generally used by most companies including where there is a sole director.

Capital allowances claims – is this just a building/structure or could it be plant and machinery?

Menzies

Menzies LLP - A leading chartered accountancy firm.

Expanding Internationally in 2021: Trending Countries, Pandemic Considerations, and More

GlobalUpside

Addressing accounting and finance issues that keep CFOs up at night. He is a Fellow of Chartered Accountants Ireland and a member of Institute of Directors Ireland. Expanding Internationally in 2021: Trending Countries, Pandemic Considerations, and More.

Trust Registration Service – non-taxable trusts, don’t miss the 1 September deadline!

Menzies

Menzies LLP - A leading chartered accountancy firm. The Trust Registration Service (TRS) is a register of beneficial ownership of Trusts which was introduced in 2017. Initially, the TRS required Trusts with UK tax liabilities to register through this Service.

Friday Footnotes: Accounting AI Explodes; SOX Compliance Sux; KPMG Gets on a List | 6.17.22

Going Concern

VCs Target AI Accounting Startups as Companies Look to Control Spending in Uncertain Economy [ Wall Street Journal ] It’s finally happening! World-wide, startups making AI-powered accounting software amassed $233.3

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Reducing salary, maintaining pension contribution, increasing take-home pay

Menzies

Menzies LLP - A leading chartered accountancy firm. Yep, we are talking salary sacrifice (or salary exchange, to use the modern parlance).

Capital allowances on warehouses

Menzies

Menzies LLP - A leading chartered accountancy firm. For accounting periods straddling 1 April 2023, special transitional provisions will apply).

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Deal Alert: Menzies and PDT unite to execute cross-border merger

Menzies

Menzies LLP - A leading chartered accountancy firm.

Refunds of EU VAT for cross border transactions for UK businesses

Menzies

Menzies LLP - A leading chartered accountancy firm.

Employment Related Securities (“ERS”) annual returns

Menzies

Menzies LLP - A leading chartered accountancy firm. One way to attract, retain and motivate staff is to provide them with shares or share option rights. However, companies need to remember that there are annual compliance obligations which must be followed.

Environmental, Social and Governance (ESG) strategy, why is it important for SMEs?

Menzies

Menzies LLP - A leading chartered accountancy firm. Environmental, Social and Governance (ESG) strategy is becoming more important for the continued success of all companies, regardless of their size.

What are the tax considerations when managing cross-border payments?

Menzies

Menzies LLP - A leading chartered accountancy firm. As a consequence of more businesses trading internationally, there are an ever-growing array of cross-border transactions.

Friday Footnotes: Big 4 Pride; KPMG Gets Snubbed; EY Goes on a Poaching Spree | 6.3.22

Going Concern

Accountant Finds Out Client Has “Skeletons In The Closet”, Gets The IRS Involved And Makes Him Lose Everything [ Bored Panda ] It was posted on Reddit so obviously it must be true.

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Will the extension to Unexplained Wealth Orders impact legitimate offshore property investors?

Menzies

Menzies LLP - A leading chartered accountancy firm. Tighter restrictions which are specifically designed to flush out ill-gotten gains have recently been introduced on UK property ownership by offshore individuals and companies.

The UK’s energy crisis set to continue

Menzies

Menzies LLP - A leading chartered accountancy firm. During the SoLR customer accounts are transferred to another energy supplier automatically by the energy regulator Ofgem.

Global uncertainty – it’s a stormy kind of climate

Menzies

Menzies LLP - A leading chartered accountancy firm. How are you feeling about the current economic climate? It’s currently an incredibly uncertain time for business. Covid is still causing issues despite restrictions having been lifted (at the time of writing at least).

The Great Resignation

Menzies

Menzies LLP - A leading chartered accountancy firm. This in turn is putting pressure on businesses every single day, from those businesses who cannot employ enough delivery drivers to those that cannot find staff who want to train to be professionals, such as accountants and solicitors.

Taking stock of your supply chain

Menzies

Menzies LLP - A leading chartered accountancy firm. Shortages in supply chains have continued to generate challenges in businesses and for consumers.

It’s time to reconsider our attitudes toward non-doms

Menzies

Menzies LLP - A leading chartered accountancy firm.

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Effect on overseas investment by non-resident capital gains tax for UK commercial property

Menzies

Menzies LLP - A leading chartered accountancy firm. Factors such as a constant and stable capital growth, reliable rental income, positive exchange rates and regulations have historically made the UK commercial property market a very attractive investment.

The underclaimed tax relief to consider as part of new investment in brownfield sites

Menzies

Menzies LLP - A leading chartered accountancy firm.

COSTS IN THE H&L SECTOR, WHAT’S THE IMPACT OF THE VAT INCREASE?

Menzies

Menzies LLP - A leading chartered accountancy firm. For each line in their profit and loss account, it is critical to analyse whether it’s actually contributing to the success of the business and identify areas where they may not be achieving value for money.

IS YOUR Transport & Logistics COMPANY MISSING OUT ON R&D TAX RELIEF?

Menzies

Menzies LLP - A leading chartered accountancy firm.

Inflation and how to weather the storm

Menzies

Menzies LLP - A leading chartered accountancy firm. Last month, the Monetary Policy Committee voted to increase the Bank of England Base Rate (BBR) from 0.75% to 1%. This is the highest that the BBR has been in 13 years, but still at a record low level when looking at the BBR’s history.

E-Money (and PSD) firms – Safeguarding client funds

Menzies

Menzies LLP - A leading chartered accountancy firm. This includes maintaining records and accounts necessary to identify what funds a firm holds at any time and without delay. Background.

Is now the best time to invest?

Menzies

Menzies LLP - A leading chartered accountancy firm. Traditional saving accounts are generally seen as the safest way to save. Coronavirus and now the war in the Ukraine have had a huge impact on the global economy.

Visa, Intuit Partner For India SMB Services

PYMNTS

million small businesses and accountants. As cloud-based accounting is gaining tremendous traction in India, we hope to catalyze this trend further through this relationship.”.

Thriving in turbulent times

Menzies

Menzies LLP - A leading chartered accountancy firm. Communicating with workers in a more open and transparent way helps them to feel more accountable to the business.”

What are the tax Implications associated with Cryptoassets?

Menzies

Menzies LLP - A leading chartered accountancy firm. The Crypto space is growing at a rapid rate and whether you believe this is the next generation of technology or you think it is a ‘bubble’, you have more than likely heard of cryptocurrency, Bitcoin & NFT’s.

Business Advisory in a Post-COVID Environment: An Interview with Michael Burke

PANALITIX

We covered a lot of ground in a recent interview with Panalitix client Michael Burke of Burke Raftery Chartered Accountants. Along the way, he completed a post-graduate degree in behavioral science, not a usual approach for an accountant! RESOURCES / ARTICLES.

The Business-Building Journey: An interview with Mike Mekhitarian

PANALITIX

Building a successful accounting and advisory business doesn’t happen overnight. Mike Mekhitarian, founder of ATB Chartered Accountants and Business Mentors (ATB), shared some highlights of his action-packed journey in an interview with Panalitix founder Colin Dunn.

Friday Footnotes: ‘KPMG Did Not Know What They Were Doing’; Are You Boring?; PCAOB Warns About Confirmations | 3.25.22

Going Concern

These are the 5 most ‘boring’ — and exciting — jobs in the world, according to a recent study [ CNBC ] You’ll be happy to hear accounting made #2 on the most boring list. ” Climate Plan Puts SEC in Rare Role as Accounting Rule-Writer [ Bloomberg Tax ] The U.S.

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JPMorgan, Goldman-Backed Payments Co Finablr Eyes IPO

PYMNTS

The company’s founder spoke at the Indian budget forum hosted by the Institute of Chartered Accountants of India-Dubai. Finablr, a payments and foreign exchange company in the United Arab Emirates (UAE), said it will launch an Initial Public Offering (IPO) next month, according to reports. “The Finablr IPO will happen in March and it will be listed on the London bourse. However, we don’t know the size of the IPO.