Practice & Industry

Insight / Accounting pay and vacancies on the increase

The accounting sector has seen one of the largest rises in advertised salaries over first quarter of the year, with a year-on-year increase of 6.6% compared to the national average of 1.3%, according to data from CV-Library

Insight / Top level corporate pay restraint continues

Top level pay restraint continues and executive pay levels are falling in real terms, with getting on for half of top bosses receiving no salary increase this year, according to PwC’s mid-season analysis of FTSE 100 remuneration policies

Insight / Charity Commission finds failings in accounts quality

Over half of charity accounts still fail to explain how the charity is meeting its objectives, while a quarter do not meet basic standards for users, rising to almost half in the very smallest charities, according to research from the Charity Commission

Accounting / Companies House to reduce costs by 3.5% despite increase in workload

Companies House has outlined plans to reduce costs of baseline activities by 3.5%, despite having an increased workload, and will focus investment on improvements to digital services, expecting to have digital filing options for 99% of accounts by March 2018

Insight / EY becomes official apprenticeship trainer

EY has been awarded employer provider status, which will allow the firm to officially deliver apprenticeship training to its people, and is looking to take on 200 apprentices in September

Insight / Paternity rights: what you need to know - part 2

Part two in a series on parental rights focuses on the implications of paternity leave, examining the rights and responsibilities of both employer and employee while considering statutory paternity pay

Insight / Companies House flags changes to anti-money laundering rules

Companies House is calling on companies and accountants to get up to speed with changes to UK anti-money laundering rules, including new requirements affecting people with significant control (PSC) information, which come into effect from 26 June

Insight / IESBA seeks feedback on key issues for code of ethics revision

The International Ethics Standards Board for Accountants (IESBA) has launched a survey seeking comments, views, and insights from stakeholders as the first step in identifying the key issues it should address in revising its code of ethics for professional accountants

Insight / Accountants offered incentives by peer-to-peer invoice finance marketplace

MarketInvoice, which bills itself the largest peer-to-peer online invoice finance marketplace, is launching a new incentive plan for referrals from accountants, commercial finance brokers and financial advisers in a bid to double lending to £2bn in 2017

Insight / Premier League football clubs collect record £3.6bn

As the English football season draws to a close, Premier League clubs scored a new record of £3.6bn in revenues last year, but also fell into the red with an aggregate pre-tax loss of around £110m, according to research from Deloitte

Tax / Making Tax Digital should be ‘put into cold storage’, say MPs

In the latest twist in the Making Tax Digital saga, the influential Treasury Committee is reviewing calls for the move to quarterly reporting to be parked until HMRC can provide more clarity on software and IT availability issues folowing the latest hearing on the plans, reports Sara White

Insight / Warning about NLW impact on business financial distress

Levels of ‘significant’ financial distress are up 26% across key sectors of the UK supply chain, following increased cost pressures from rising inflation in both fuel and food prices, according to research from Begbies Traynor which also highlights further pressure to come from the latest National Living Wage (NLW) increase

Audit / Internal auditors critical to cyber security response

The Chartered Institute of Internal Auditors (CIIA) says a spate of recent high-profile data breaches and the introduction of new regulations mean internal audit has a critical role in providing advice and assurance around cyber security

Tax / Brexit and EU rules: Posting of Workers Directive – part 2

In part two of our EU Directives series, Stefan Petrovski, accountant at Paris-based accounting firm Primexis, considers changes to the rules on secondment and posting of workers to other EU member states for provision of services by companies under the Posting of Workers Directive

Insight / Grant Thornton to open shared working office

Grant Thornton is creating the first collaborative working space in the south, based at the University of Southampton Science Park, to encourage collaboration and communication amongst employees and clients, with the space set to open in June