The most recent articles from Accountancy Age | The World of Accounting For Professional Accountants

Santhie Goundar, Accountancy Age, Tuesday 7 September 2010 at 10:43:00

Setting aside $50bn funds to cover deferred tax could ‘weaken balance sheet’

Accounting experts and analysts are arguing with the US bank Citigroup over whether it should set aside $50bn (£32.5bn) to cover its deferred tax assets, the FT has reported....

Accountancy Age, Accountancy Age, Tuesday 7 September 2010 at 10:19:00

Taxman may have to write off some claims for underpaid tax

People hit with an unexpected tax demand may be able to refuse to pay up as HM Revenue & Customs could have exceeded its own time limits in which to...

Accountancy Age, Accountancy Age, Tuesday 7 September 2010 at 10:15:00

HMRC investigating how to reform PAYE system after millions underpaid their tax

HM Revenue and Customs is investigating whether to deduct tax, pay-check by pay-check under plans to reform the PAYE system, The Daily Telegraph reports....

Paul Grant, Accountancy Age, Tuesday 7 September 2010 at 09:21:00

COA Solutions becomes Advanced Business Solutions after £100m purchase by Advanced Computer Software

Financial software supplier COA Solutions has changed its name to Advanced Business Solutions (ABS) following its acquisition by Advanced Computer Software earlier this year....

Accountancy Age, Accountancy Age, Tuesday 7 September 2010 at 09:19:00

Oligarchs continue fight to beat charges

PwC is set to move to the centre of a Moscow court hearing when the former owners of the oil group Yukos defend themselves against embezzlement charges....

Mario Christodoulou, Accountancy Age, Tuesday 7 September 2010 at 09:17:00

Firm hopes to take advantage of natural resources industry

PwC has set up shop in Mongolia where it hopes to take advantage of a burgeoning natural resources market, the Big Four auditor said in a statement today....

Paul Grant, Accountancy Age, Tuesday 7 September 2010 at 09:06:00

Mike Phillips takes up CFO role at Micro Focus on 4 October, replacing Nick Bray

Software modernization specialist Micro Focus has appointed the former chief executive of IT Service supplier Morse as its new CFO....

Paul Grant, Accountancy Age, Monday 6 September 2010 at 00:15:00

Recruiter Reed says accountancy sector outpacing other industries with positions available growing rapidly in August

Demand for accountancy staff raced bucked the trend of a flat jobs market over the summer, with positions for pre-qualified accountants at their highest since the start of the year,...

Kevin Reed, Accountancy Age, Monday 6 September 2010 at 14:44:00

Davies to lead the commission's audit practice, in what could be a vital role in influencing its future in an open local government audit market

Gareth Davies is the new managing director of the audit practice at the Audit Commission. In this crucial role he will lead its audit staff as they prepare to compete...

Kevin Reed, Accountancy Age, Monday 6 September 2010 at 13:27:00

HLB International brings Menzies into its fold - with other UK firms planned

Menzies has taken over from Vantis as HLB International's UK member firm, but it could soon be joined by other UK practices....

Nick Huber, Accountancy Age, Monday 6 September 2010 at 10:51:00

More than ten million people may have paid too much income tax due to errors in the HM Revenue and Customs (HMRC) tax code system, some reports claim

HMRC admitted last week that 4.3 million people were in line for tax rebates because they overpaid a total of £1.8bn in tax between 2008 and April this year....

Kevin Reed, Accountancy Age, Monday 6 September 2010 at 10:01:00

Insolvency specialists formalise global forensic and security risk function

Begbies Traynor Group has launched a new forensic accounting and security division. The newly-created business, BTG Global Risk Partners, integrates the group’s forensic accounting, computer forensic, investigation and security risk...

David Jetuah, Accountancy Age, Monday 6 September 2010 at 09:59:00

Ian Powell earns £3.6m as PwC partners decide to increase his wages despite their own falling from £777,000 to £759,000

PwC partners voted to increase Ian Powell's wages have increased to £3.6m despite partners' average profits falling to £759,000. Powell earned £3.3m last year....

Kevin Reed, Accountancy Age, Monday 6 September 2010 at 08:59:00

Permanent R&D tax credit plans by US president Barack Obama

Research and development tax credits could be expanded in the US under plans by its president. Barack Obama is set to outline details for an expansion of the US current...

David Jetuah, Accountancy Age, Monday 6 September 2010 at 08:56:00

UK's biggest firm records 4% turnover growth to more than £2.3bn but profits per partner drop to £759,000

PwC has posted a 4% rise in turnover to more than £2.3bn, the firm said today. The firm announced figures of £2.331bn, up from £2.248bn in the previous year, with...

Accountancy Age, Accountancy Age, Monday 6 September 2010 at 08:44:00

ACCA fellow appointed to gas and mineral exploration company

AIM-listed gas exploration company, San Leon Energy, has appointed a new finance director. Vincent Barry, a fellow of ACCA, was previously director of corporate finance at Dublin-based accountants LHM Casey...

Kevin Reed, Accountancy Age, Monday 6 September 2010 at 08:27:00

Chancellor to scrap mid year Budget update

The pre-Budget report is likely to be scrapped by the chancellor and replaced with a slimmed down statement with new forecasts....

Accountancy Age, Accountancy Age, Monday 6 September 2010 at 07:52:00

Up to 1.4 million to be told they owe outstanding tax of up to £1,400

The taxman is to contact up to six million people to inform them they have paid the wrong tax. Many may face demands of an additional additional £5,000 while up...

Mario Christodoulou, Accountancy Age, Friday 3 September 2010 at 10:37:00

US audit regulator will have access to confidential inspection reports

US audit regulators will be able to inspect European firms after the European Commission cleared the way for access to confidential papers, in a move which could allow Lehman Brothers...

Santhie Goundar, Accountancy Age, Friday 3 September 2010 at 10:05:00

O'Sullivan tells his stories from 20 years working for the taxman in the Midlands and Wales

A former tax inspector has written a book about his time investigating tax avoiders and evaders. The book, titled The Artful Tax Dodger: It’s your pocket they’re picking, has been...