Tag: <span>Accountants Huddersfield</span>

ACCA announces that new tax policies announced at G7 meeting face significant challenges

Acca has reported that new tax policies announced in the recent G7 communiqué will face hurdles as the proposals are yet to be agreed by the G20 and other jurisdictions, asserting that the three foundations for a sound tax system are simplicity, certainty and stability. Achieving minimum tax level of 15% across multiple country jurisdictions…




What are the risks of Money Laundering?

According to a report from Accountancy Age the risk of Money Laundering has significantly increased recently. Money laundering strategies are constantly evolving, with The National Risk Assessment (NRA) of Money Laundering and Terrorist Financing warning that the risk that accountancy service providers could be used to facilitate money laundering is considered high. The Institute of Financial Accountants (IFA) is…




Money laundering: do you fully understand the risks?

Essential due diligence  Accountants play an essential role in preventing money laundering by understanding risks, meeting regulatory obligations and encouraging compliance and good practices to mitigate these risks. Reviewing firm-wide risk assessments of money laundering threats on a regular basis is imperative for accountancy firms to make sure they have identified all the areas relevant…




Brexit Sanctions for Accountancy Firms

What you need to know about Post-Brexit Sanctions As 2021 marks the UK’s official divorce from the EU, new sanctions have been announced that will require full compliance from all agents and accountants with the sanctions regime and licensing exemptions affecting many businesses across different jurisdictions. The UK uses sanctions to fulfil a range of…




Do KPIs guarantee success?

Matching the right KPIs to your business strategy; keep it relevant!  If you have a good grip on what makes your business tick then it’s useful to be able to ‘glance’ at the business and its performance against plan by way of a brief set of business measures; Key performance Indicators (KPIs). KPIs typically track…




The Value of alleged cybercrime reaches over £1billiin in UK Courts

KPMG has reported that the level of fraud cases worth more than £100,000 hitting UK courts reached a total of £1.1 billion in 2019, the sixth largest value in the history of its Fraud Barometer report. It reported that the main targets were commercial businesses and the general public with alleged cases of insider fraud…




Tips to boost your chances being accepted for a self-employed mortgage

There are several steps you can take to increase your chances of getting accepted for a self-employed mortgage: Save for a bigger deposit: As with any type of mortgage, the more you can save up for a deposit, the more likely you are to get accepted for a mortgage and secure the best interest ratesCheck…




What are you paying your accountant for?

Your accountant is your adviser The right accountant for your business will make sure you comply with accounting and tax rules. But they should also be able to tease out knowledge contained within your accounts, providing insights to make good decisions. They should take the time to understand your business objectives, in order to provide…




Benefits Of Hiring Chartered Accountants For Your Company

Generally, chartered accountants keep your books in order and handle your tax issues, in addition to other tasks that they’re qualified to do. Regardless of how big or small your business is, there’s always a perfect chartered accountant for your company. If you have doubts about hiring one, below are the amazing benefits you can enjoy…




UK SMEs face complicated recovery

Research for Accountancy Age highlights disparity between SMEs across the UK as they begin to emerge from lockdown. Over one-third of small-to-medium sized businesses (SMEs) have been “completely disrupted” by the pandemic, according to new research by FreeAgent. Overall, 87 percent of surveyed SMEs said their business had suffered due to coronavirus, with further research…