Practice Development

Insight / Cheques enter 21st century with one-day clearing

A new electronic image scanning system for cheques will reduce the current maximum of six working days to clear cheques down to one day using an industry-wide, image-based cheque clearing system

Insight / Adopting flexible working: useful tips

How can employers stuck in nine to five thinking free themselves up for flexible working? Jude Tavanyar, leadership consultant, explores the key issues for any organisation looking to move towards a flexible working approach

Tax / Rural broadband: how to improve access as Making Tax Digital looms

The postcode lottery for business-ready telecoms for rural enterprises remains a problem, only exacerbated by HMRC's rushed plans to roll out Making Tax Digital from 2018 onwards. Dave Millett, managing director of telecoms brokerage Equinox, asks what can be done

Insight / FTSE 100 CEOs earn 386 times national living wage

FTSE CEOs earn 386 times the pay of a worker earning the national living wage (NLW), according to research by the Equality Trust, which is calling for support from the public to put pressure on the government to introduce mandatory pay gap reporting

Insight / Female GSK CEO to get 25% pay cut

Emma Walmsley, the new CEO at GlaxoSmithKline (GSK), and one of just seven female FTSE 100 leaders, is to be paid 25% less than the man she replaced at the helm of the pharmaceutical giant, it has been announced

Insight / Smith & Williamson director appointed interim charity manager

The Charity Commission has appointed Adam Stephens, a director at Smith & Williamson, as interim manager to the Rav Chesed Trust, as part of the regulator’s inquiry into the charity’s administration and financial management in the light of its persistent failure to submit annual accounts on time

Tax / Budget 2017: £5m fund to boost return to work after career breaks

The Chancellor has made a commitment to encourage retraining after long career breaks with £5m of new funding to identify how best to increase the number of returnships offering people who have taken lengthy career breaks a clear route back to employment

Tax / Nil rate band to lift inheritance tax threshold by £100K from April

Changes to inheritance tax are set to come into force from 6 April with the introduction of the long-expected nil rate inheritance tax (IHT) break applicable when a residence is passed on death to direct descendants

Insight / ICAEW plans to rebrand image but no name change

The ICAEW  will be adopting a new brand from April 2017 after ‘a year researching [its] brand with key stakeholder groups’, a newsletter to its members seen by CCH Daily has revealed

Insight / Second ‘phoenix’ firm disputes Arthur Andersen legacy

A row has broken out after a European-based company has claimed to have resurrected the Arthur Andersen brand, more than three years after a US tax consultancy also laid claim to the Andersen name and announced the development of a global network

Insight / FRC seeking powers to sanction directors

In a speech marking 25 years since the Cadbury report, which ushered in a new era of corporate governance in the UK and introduced the concept of ‘comply or explain’ Sir Win Bischoff, chair of the Financial Reporting Council (FRC) has called for wider powers for the regulator so it can hold company directors to account for corporate failures and impose sanctions

Insight / KPMG elects banking audit specialist Bill Michael as chair

KPMG in the UK has named the firm’s financial services specialist, Bill Michael, as its new chair-elect and the successor to Simon Collins, whose term ends on 30 September

Tax / Morton replaces Whiting as OTS head

Paul Morton, the new tax director of the Office of Tax Simplification (OTS) has taken over the helm of the organisation from 1 March and will be leading future attempts to reduce complexity in the UK’s tax system

Insight / An FD’s guide to surviving uncertain times

From budget reviews to cashflow control, extraneous events like Brexit and potential political instability, finance directors can protect their businesses from external factors by putting an effective risk management plan into place, says Phil Scott, managing director at FD Recruit

Tax / Registration open for online Apprenticeship Levy service

Employers affected by the introduction of the apprenticeship levy will have to register online to manage their schemes, on a new web portal set up by the Department for Education and the Skills Funding Agency (SFA) prior to the launch of the apprenticeship levy on 6 April 2017
Subscribe