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

Mario Christodoulou, Accountancy Age, Friday 10 September 2010 at 16:50:00

KPMG said its appointment "fully in accordance with industry guidelines"

KPMG has defended its role as administrator of building services firm Connaught and said its appointment was in line with industry guidelines....

Kevin Reed, Accountancy Age, Friday 10 September 2010 at 16:03:00

Simon Dingemans to join GlaxoSmithKline as CFO, taking over from Julian Heslop

Simon Dingemans is set to take over from Julian Heslop as GlaxoSmithKline chief financial officer. He will join on 4 January as CFO designate and executive director, with Heslop stepping...

Kevin Reed, Accountancy Age, Friday 10 September 2010 at 12:59:00

Insolvency Service bans Exeter accountant Bill White from acting as a director

Exeter accountant Bill White and his partner have been banned from acting as company directors and insolvency practitioners, after an Insolvency Service exposed negligent accounting and "grossly inaccurate" VAT returns...

David Jetuah, Accountancy Age, Friday 10 September 2010 at 11:53:00

Almost 10%, or 148,000 of small businesses fear they could be pushed into insolvency if they lose their public sector contracts, according to research by R3

150,000 small businesses face insolvency if their public sector contracts are cancelled, the trade body for the insolvency profession has warned....

Kevin Reed, Accountancy Age, Friday 10 September 2010 at 11:24:00

Paul Manduca to step down from Morrisons' board in March

Morrisons audit committee chairman Paul Manduca will step down from the supermarket's board on 10 March 2011. Manduca has worked as a non-executive at the company for five years....

Accountancy Age, Accountancy Age, Friday 10 September 2010 at 11:21:00

Commercial review leads to 700 job cuts

About 700 jobs at stricken housing group Connaught will likely be axed the administrators from KPMG have confirmed. Administrator, Brian Green made the announcement following a commercial review....

Kevin Reed, Accountancy Age, Friday 10 September 2010 at 10:11:00

Neil Bright to join Holidaybreak as group finance director

HMV's finance director Neil Bright is moving to take the same role at Holidaybreak. Bright will join the education, leisure and activity group from 1 January 2011, succeeding Bob Baddeley...

David Jetuah, Accountancy Age, Friday 10 September 2010 at 10:06:00

Telecoms giant may have to pay $2bn in capital gains tax to the Indian authorities

Indian tax authorities could hit telecoms giant Vodafone with an $2bn (£1.3bn)tax bill, in the latest twist of a marathon legal battle concerning one of its acquisitions....

Kevin Reed, Accountancy Age, Friday 10 September 2010 at 09:48:00

Is the increase in failed accounts filings due to companies using unqualified professionals, or DIY filing?

A high rate of failed accounts filings at Companies House could be due to a move away from using qualified professionals to undertake the task, advisers have warned....

Accountancy Age, Accountancy Age, Friday 10 September 2010 at 09:46:00

Watchdog focus switches to fresh accounting concern

Reports have emerged that the chief US financial watchdog is investigating the accounting for its property portfolio. A Wall Street Journal story suggests that investigators from the Securities and Exchange...

Accountancy Age, Accountancy Age, Friday 10 September 2010 at 09:36:00

Last auditor to sign off Connaught accounts retired at end of June

The PwC audit partner that signed off the last set of accounts for in-administration social housing group Connaught left the firm over the summer, it has emerged....

David Jetuah, Accountancy Age, Friday 10 September 2010 at 09:33:00

HM Revenue & Customs briefs accountants on PAYE appeals to avoid a potential avalanche of unexpected demands

Tax officials last night tried to stop people hit by the PAYE blunder successfully appealing against unexpected demands. In a briefing to accountants,The Times reported, officials clarified the rules, in...

David Jetuah, Accountancy Age, Thursday 9 September 2010 at 00:45:00

Changes to residency rules could open the floodgates for litigation against tax advisers

They were first enacted to control the tax affairs of aristocrats touring Europe in the last days of Empire and, since then, residency rules have never ceased to be controversial....

Kevin Reed, Accountancy Age, Thursday 9 September 2010 at 00:45:00

Tough economic conditions are hitting the price buyers are willing to pay for practices

Baby boomers have had a bit of bad press. They cost the UK £6 for every £5 they spend, and their healthcare and pensions requirements could bankrupt Britain, so reports...

Kevin Reed, Accountancy Age, Thursday 9 September 2010 at 00:45:00

BUPA FD Tom Singer has to balance making profits with helping people stay healthy, from within an increasingly global and diverse business

BUPA’s FD explains that the company is “very fortunate in some respects” to operate in the chronic medical conditions market as “it’s the biggest sector of the global economy, one...

Mario Christodoulou, Accountancy Age, Thursday 9 September 2010 at 00:45:00

SMEs say they are being tied down by complex accounting rules

The UK was promised consistency and quality when it signed up to international accounting rules in 2005. What it got, according to smaller listed companies, is a tangle of complex...

Veronica Poole, Accountancy Age, Thursday 9 September 2010 at 00:30:00

The long-term benefits of new lease accounting standards should outweigh the short-term trouble it causes companies, as long as the rules are right

The new draft lease accounting standard is an overdue reality check for the corporate world but it also exposes the fault-lines in the standard-setting process....

Mark Freebairn, Accountancy Age, Thursday 9 September 2010 at 00:30:00

Is it better to hunt for a job while employed, or when out of work?

There are some questions I get asked all the time. Do I deserve a pay rise? Why aren’t I the CFO of Sky by now? How does someone as young...

Accountancy Age, Accountancy Age, Thursday 9 September 2010 at 00:30:00

The big stories on accountancyage.com from the last two weeks

Tax blunder affects millions Up to six million PAYE taxpayers have paid the wrong tax, according to HM Revenue & Customs....

Accountancy Age, Accountancy Age, Thursday 9 September 2010 at 00:30:00

It's a buyer's market but you can still get a good price for your practice, as long as you plan well in advance

Who would be a partner trying to sell their interest in a firm right now? You can still sell your accounting practice but chances are that you won’t get the...