Professional Development

Insight / KPMG's incoming chief Bill Michael plans to shake up leadership team

Bill Michael, who takes over from Simon Collins as KPMG’s chair from 1 October has shaken up the firm’s top team, bringing seven new members on to the executive committee, with tax, consulting and technology represented for the first time

Insight / CIPFA signs up to deliver apprenticeships

CIPFA is to begin delivering accountancy and finance apprenticeships from autumn this year, after being accepted onto the Education and Skills Funding Agency’s (ESFA) register of apprenticeship training providers

Tax / Pension planning: lifetime allowance and tax liability - part 1

In part one of our series on pensions, Kay Ingram, director of public policy at LEBC reviewsthe impact of reductions in the lifetime allowance and tax liability for high earners, plus a snapshot of the key tax breaks currently available

Insight / Half of accountants expect promotion within two years

Accountants are becoming increasingly ambitious and are craving quicker career progression routes as well as wanting more recognition for their work, with over two thirds aspiring to reach senior positions such as CEO and CFO, according to Hays’ What Workers Want report 

Insight / Accountancy students worry about work/life balance

Over a third of accountancy students are unhappy about their work-life balance according to a survey of wellbeing amongst ICAEW ACA students conducted by CABA, the sector charity, which found that many are worried about long hours and are concerned their health is suffering

Tax / Conservative £100k social care plan lacks any detail

Plans to overhaul the funding of social care with the introduction of a single capital floor on savings and assets for care costs, set at £100,000, are vague and the Conservatives have provided any precise detail on how they will work, while contradicting the recently introduced inheritance tax nil-rate band, reports Sara White

Professional Development / People in the news: UHY Hacker Young, Moore Stephens, RSM

This week's news of professional moves in the sector includes a partner and head of corporate tax appointment at RSM, Moore Stephens gains a partner, RSM hires a specialist employment tax partner

Insight / Matrimonial cases drive 21% rise in forensic accountants’ workload

There was a 21% rise in cases handled by forensic accountants last year, according to figures from the Network of Independent Forensic Accountants (NIFA), which show demand rising in cases of professional negligence and shareholder dispute, while matrimonial cases account for the highest volume of work, followed by fraud

Accounting / World Bank agreement to push IFRS adoption in developing economies

The global accounting standard setter, the IFRS Foundation, has signed a cooperation agreement with the World Bank to support developing economies in their adoption and use of International Financial Reporting Standards (IFRS)

Tax / Old child trust funds match Junior ISA rate for 2017/18

HMRC has confirmed the annual subscription limit for the now closed child trust funds (CTF) for 2017 to 2018 will be £4,128, same of the Junior ISA which is the recommended tax-free savings vehicle for children

Professional Development / People in the news: Mercer & Hole, Blick Rothenberg, Wilkins Kennedy

In the latest accountancy jobs moves, Mercer & Hole appoints a corporate finance director, two partners join Blick Rothenberg’s corporate tax team, Wilkins Kennedy makes three partner promotions

Professional Development / People in the news: Bishop Fleming, Gibson Hewitt, FRP Advisory

In the latest accountancy jobs moves, Bishop Fleming gains an audit director, Gibson Hewitt appoints a graduate as an insolvency administrator, FRP Advisory boosts its corporate finance team with two hires

Insight / UK job vacancies on rise despite slow growth

UK job vacancies are on the rise as competition for jobs cools, while wages are only slowly edging upwards, according to research from Adzuna which identifies the accounting and finance sector as one of the top three for growth

Professional Development / People in the news: BHP, PKF Francis Clark, McLintocks

This week's news of professional moves in the sector include a trio of partners promoted and appointed at BHP, PKF Francis Clark appoints a corporate finance director, McLintocks promotes one of its tax advisers to director 

Insight / Managing millennials: talent retention

Millennials do not tend to stay in the same job for longer than two years before searching for new opportunities, Phil Chambers CEO and co-founder at Peakon, considers what accountany firms need to do to manage and hold on to their millennials