News
consumer-facing businesses struggle with cost of borrowing
06 Oct 2023Almost 50% of UK businesses have been negatively impacted by the cost of borrowing, with those in the hospitality sector and retail particularly hard hit (61%), according to new research.
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iasb to improve reporting mechanism for climate-related uncertainty
06 Oct 2023The International Accounting Standards Board (IASB) is to explore ways it can improve the reporting of climate-related and other uncertainties in financial statements.
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aia council member wins small firm of the year at accounting excellence awards
04 Oct 2023AIA is absolutely thrilled to announce that AIA Council Member, Dr Peter Ellington’s ‘Triple Bottom Line Accounting’ has been awarded with ‘Small Firm of the Year’ at the Accounting Excellence Awards.
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tax administration burden ‘significant’ for uk firms
02 Oct 2023Tax compliance continues to be a huge burden on the UK’s businesses, the annual survey by the Administrative Burdens Advisory Board (ABAB) has found.
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iasb issues amendments to ifrs for smes accounting standard
02 Oct 2023The International Accounting Standards Board (IASB) has issued amendments to the IFRS for SMEs Accounting Standard – the standard for companies that do not have public accountability.
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firms advised to prepare for potential changes to uk fraud laws
02 Oct 2023Businesses in the UK should consider how a new ‘failure to prevent’ fraud offence should be accounted for in their compliance programmes and contracts, experts at Pinsent Masons have said.
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hmrc to make changes to agent dedicated line following consultation
25 Sep 2023HMRC has announced changes to its Agent Dedicated Line (ADL) following a consultation with the professional accountancy bodies, among others.
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‘bad’ covid loans reach £7.4bn as government pays out another £1.2bn
25 Sep 2023The UK government paid out another £1.2 billion between April and June to settle Covid-19 loans that have not been paid back, according to the latest official figures.
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