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

Rachael Singh, Accountancy Age, Friday 20 August 2010 at 15:57:00

Premier League and Championship clubs owe a total of £3,773,449 to HM Revenue & Customs under the Time to Pay tax deferral scheme

The UK's largest football clubs currently owe the taxman nearly £4m in Time to Pay (TTP) agreements, Accountancy Age can reveal....

Rachael Singh, Accountancy Age, Friday 20 August 2010 at 12:20:00

Crystal Palace's administrator Brendan Guilfoyle confirms the club is now out of administration with no further points deduction

Crystal Palace administrator Brendan Guilfoyle has confirmed the club has officially exited administration today. The Football League has accepted CPFC as the new owners of Crystal Palace, replacing Crystal Palace...

Kevin Reed, Accountancy Age, Friday 20 August 2010 at 10:32:00

GAAR discussions begin in Whitehall

Discussions about introducing a general anti-tax avoidance rule are taking place in Whitehall this month, reported the FT. Introducing a GAAR was first mooted a decade ago, but the Treasury...

Rachael Singh, Accountancy Age, Friday 20 August 2010 at 10:13:00

The IFRS foundation has recruited Keith Peterka to its newly created SMEs implementation group

The IFRS Foundation has recruited Keith Peterka to join its recently created SMEs implementation group. The foundation is an independent not-for-profit organisation tasked with creating a set of International Financial...

Mario Christodoulou, Accountancy Age, Friday 20 August 2010 at 09:40:00

FRRP report calls for improvement to reporting standards

AIM-listed businesses still have some way to go before they catch up with their established FTSE-listed counterparts when it comes to the quality of their financial reporting, a study of...

Paul Grant, Accountancy Age, Friday 20 August 2010 at 09:37:00

Gerry Bacon stands down as CFO of FTSE 100 company Essar Energy after just five months to study art history

The British CFO of Indian FTSE 100 company Essar Energy has resigned his position just five months after taking the job....

Kevin Reed, Accountancy Age, Friday 20 August 2010 at 09:33:00

Trafalgar set for administration despite fighting off creditor's winding up order

Trafalgar New Homes has staved off a winding up order against the company – but is still set to enter administration....

David Jetuah, Accountancy Age, Friday 20 August 2010 at 09:18:00

Daughter-in-law of the former Labour leader accused of claiming £14,000 expenses to pay accountant for advice

Lord Kinnock's daughter-in-law attempted to claim almost £14,000 in expenses for accountancy advice after her husband became embroiled in a tax avoidance dispute....

David Knowles, Accountancy Age, Thursday 19 August 2010 at 00:45:00

Firms are missing a trick by not offering debt and risk management to their clients, helping to prevent them from painting themselves into a corner

Is it time for firms and in-house practitioners to adopt the role of financial futurologist? Should the accountancy industry increase the scope of value added services offered, accurately predicting future...

Rachael Singh, Accountancy Age, Thursday 19 August 2010 at 00:45:00

Insolvency practitioners and business advisers are "advising in the dark" as taxman withholds Time to Pay data

The taxman is withholding statistical information reg­arding the tax deferral scheme for businesses, Time to Pay (TTP), while it reviews the future of the data, hitting insolvency practitioners and business...

Rachael Singh, Accountancy Age, Thursday 19 August 2010 at 00:45:00

Jackie Hunt has managed to carve out a successful career in the insurance industry but shies away from being a role model

A finance director with a calculated and cautious outlook is not the norm for the cut and thrust world of stock market flotations and FTSE-100 businesses....

David Jetuah, Accountancy Age, Thursday 19 August 2010 at 00:30:00

HMRC targets wealthier individuals with an increase in "aspect inquiries"

A shift in HMRC’s strategy has seen taxpayers make 82% more claims to cover the cost of focused probes into their financial affairs, according to insurance providers....

Mario Christodoulou, Accountancy Age, Thursday 19 August 2010 at 00:30:00

Firms will have to rely on the younger generation to get to grips with IFRS for SMEs

It may fall onto the shoulders of the newest accounting recruits to guide the way through UK businesses’ adoption of new international accounting rules for unlisted companies....

Accountancy Age, Accountancy Age, Thursday 19 August 2010 at 00:30:00

Will accounting become a young man’s game? There will be plenty of experienced men – and women – out there who would say no....

Clive Lewis, Accountancy Age, Thursday 19 August 2010 at 00:15:00

Stepping down from a practice can be just as tricky as establishing one. So how do you make the transition as smooth as possible, both for you and for your successors

The recession has forced many businesses to cut costs, refocus on core markets and to maximise efficiency. As a result they are lean and mean – and ready for the...

Kevin Reed, Accountancy Age, Thursday 19 August 2010 at 00:15:00

Former ICAEW president Paul Druckman has been drafted in to make corporate reporting a little greener

A high-level committee has been formed to look at the way risk, governance and green issues are represented in companies’ financial reporting....

Mario Christodoulou, Accountancy Age, Thursday 19 August 2010 at 00:00:00

IASB's lease accounting proposals cause concern for finance departments of some of the UK's largest companies

There may have been few surprises in this week’s new lease accounting proposal by the International Accounting Standards Board (IASB), but that didn’t stop alarm bells ringing in the finance...

David Jetuah, Accountancy Age, Thursday 19 August 2010 at 00:00:00

UK will struggle to attract major sporting stars such as Usain Bolt and Tiger Woods if the taxman refuses to exempt foreign sportspeople from tax

When it comes to taxing overseas athletes on their income, the world of sport isn’t a level playing field. HMRC has the ability to choose the sporting events or individuals...

Kevin Reed and Mario Christodoulou, Accountancy Age, Thursday 19 August 2010 at 00:00:00

The demise of the Audit Commission could spark a feeding frenzy for the body's work between the big firms

It’s difficult to fully understand the ramifications of the coalition government’s decision to scrap the Audit Commission so soon after the event, but what is already clear is that the...

Kevin Reed, Accountancy Age, Thursday 19 August 2010 at 16:20:00

Liquidators fro BDO appointed to tour operator Kiss Flights

Liquidators from BDO are to be appointed to tour operator Kiss Flights (the trading name for Flight Options). Malcolm Cohen and David Gilbert of BDO will be appointed liquidators of...