GovGrant urges action on innovation tax credit fraud

GovGrant CEO Luke Hamm has welcomed HMRC’s  decision to crack down on abuse of the R&D tax relief system. GovGrant, which is a member of the HMRC Research and Development Consultative Committee, helps businesses claim £millions each year for their innovation, including patents and inventions. Mr Hamm said he hoped ministers would move quickly to […]Read More

Compliance kings cash in on skills gap

Salaries in the compliance sector have risen 11% in the last twelve months according to research. In May 2018, the average salary in compliance was £98,900. In the last twelve months, this has now risen to £110,100. The research by recruiter Randstad also showed that while Heads of Core Compliance and Heads of Central Compliance […]Read More

PwC audit changes are “unacceptable”

PwC’s newly-announced audit reforms have been slammed as “unacceptable” and “do not appear to go far enough”, according to Professor Prem Sikka and the Competition and Markets Authority (CMA). But PwC insisted that their reforms were never intended to resolve all the issues the audit sector faces. PwC has announced a number of changes to […]Read More

Using strategic advice to become your clients’ most trusted advisor

One of the most important skills for every accountant to build in the era of ever-increasing automation is becoming a strategic advisor to your client’s business. It prevents you from becoming a commodity cost – at best justified as a time-saver, and at worst, as a painful additional cost of doing business. Shifting your client’s […]Read More

MTD – don’t forget the records

With Making Tax Digital for VAT (MTD) now upon us, the focus of many businesses and their agents is (understandably) on making sure that they can get their first VAT return across the line. However, it shouldn’t be forgotten that MTD also brings with it some potentially significant changes to record keeping requirements. This article […]Read More

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