Business

Insight / Accountants and firms count on friends at work

The majority of accountants view work colleagues as friends and rely on them for personal and professional support, according to research from CV-Library which suggests there are also benefits to employers from a friendly workplace

Tax / Push to encourage take up of shared parental leave

The government has launched a new ‘Share the joy’ campaign promoting shared parental leave rights for parents, after discovering take up of the scheme could be as low as 2%

Insight / Baldwins in nationwide forensic accounting push

Baldwins accountancy group, a member of CogitalGroup, has launched a nationwide forensic accounting service, targeting cities with a concentration of legal services, with the aim of becoming one of the largest regional providers of forensic accounting services in the UK

Insight / Grunberg & Co launches dedicated China business desk

London firm Grunberg & Co has launched a dedicated China business desk to provide Chinese companies with a bridge through which they can interact and access business advice, in response to deepening trade ties between the two countries

Insight / Government response to the Taylor review: what you need to know

A Good Work plan was released last week by the government, accepting almost all of Taylor’s recommendations outlined in his report into working practices with a raft of consultations being released. Croner-i Human Resources outlines the key recommendations for worker rights, pay, sick pay, employment status and agency workers

Audit / Scottish government childcare plans have ‘significant risks’

A flagship Scottish government policy to double early learning and childcare hours by August 2020 has come under fire from Scotland’s Audit Commission, which says the plans have ‘significant risks’ because of insufficient staffing levels, poor preparations and an estimated £160m funding shortfall

Insight / Financial services companies challenged to sign up to gender diversity

Nicky Morgan, chair of the Treasury committee, has written to over 30 firms in the financial services industry challenging them to sign up to the women in finance charter or explain the reasons why they have not done so, in a bid to increase the pressure to improve gender diversity in the sector

Tax / Ray McCann named CIOT president for 2018-19

CIOT has announced its team of officers for the coming year, with Ray McCann becoming the institute’s new president, marking the first former HMRC appointment to the post, with Accountancy contributor Peter Rayney among those taking the helm from May

Insight / Armstrong Watson acquires Haines Watts Glasgow office

Armstrong Watson has acquired Haines Watts Glasgow office as part of plans to expand the business across Scotland and the north of England

Audit / Big Four ‘feasted’ on Carillion with £71m fees

The Big Four have been accused of ‘feasting on what was soon to become a carcass’, after the joint select committee inquiry into the collapse of Carillion found the accountancy firms had billed for £71m of work with the outsourcer since 2008, amid claims the relationships became too ‘cosy’

Insight / BVI-based companies top list for foreign property ownership

Companies registered in the British Virgin Islands (BVI) own more property in England and Wales than those based in any other country, according to analysis of Land Registry data on overseas property ownership carried out by the BBC

Insight / Luxury yacht company hits financial turbulence

Neil Gostelow and Mark Orton, partners from KPMG restructuring have been appointed joint administrators to Oyster Marine Holdings Ltd, the holding company for the Oyster Yacht group of luxury boat builders, which has run out of funds

Insight / Barclays Bank faces SFO charge over $3bn Qatari loan

The Serious Fraud Office (SFO) has announced a new charge against Barclays Bank in relation to loans made to Qatari investors during the bank’s fundraising in the aftermath of the financial crisis, following on from earlier charges brought against the holding company, Barclays plc, and four individuals in June 2017

Insight / Praxity Alliance pushes through $5bn barrier

The Praxity Alliance of independent accounting and consulting firms has reported record global revenues of $5.2bn (£3.7bn) for the year ended 31 December 2017, representing a year-on-year increase of 9.5%

Insight / Accounting job applications up 88%

The new year has seen job-seeking accounting professionals showing strong resolve to find new positions, with application rates in the sector rising by 88% in January 2018, compared to the end of 2017, according to job market data from CV-Library
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