The world of accountancy moves ever-forward. Even in light of major events – such as the recent snap general election – there is little time for those running businesses to stop and take stock.
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Brexit impact has been a hot topic of debate in our offices over the last several months. We have been asking what affect, if any, that Brexit will have on us as professional accountants and tax advisers.
Starting your own business can be a daunting task. When the initial excitement passes and the reality of what you are taking on starts to hit home, it can be enough to put some people off the whole idea altogether.
The Commons Public Accounts Committee has urged a ban on external accountants inside the government in an effort to prevent taxation loopholes being passed on.
Following an exchange of emails I had last year with the Rt Hon Margaret Hodge MP on the issues addressed by the Public Accounts Committee of HMRC and multinational business tax avoidance, I was delighted to receive another email from the Public Accounts Committee.
Businesses are being urged to keep all their records up to date following news that HMRC charged a large penalty to a company who had failed to notify them of a change of name.
HMRC has been attacked by a committee of MPs for the way they have allowed some big businesses to settle their tax bills.
The number of British businesses with financial problems is on the increase, according to a report by insolvency practitioners Begbie Traynor.