Losses
Our coverage on Losses provides in-depth reporting on how UK accountancy firms and professionals manage financial losses across tax, compliance, and advisory contexts. Accountancy Today examines HMRC rules on trading and capital losses, relief mechanisms such as carry-back and carry-forward, and the strategic use of group relief. We also cover the Financial Reporting Council’s guidance on going concern assessments and solvency disclosures, offering accountants, partners, and directors the insights needed to navigate loss reporting, mitigate risk, and advise clients effectively.
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Jul- 2025 -7 JulyBusiness
UK employment stagnates at 13-year low, BDO finds
The UK’s employment outlook remains stagnant, with the labour market stuck near its lowest level in over a decade, according to the latest Business Trends report from BDO. The Employment Index fell again in June to 94.22 from 94.32 the previous month, nearly at a 13-year low. Despite some positive…
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May- 2025 -28 MayComment
Audit reform: The key to boosting UK cyber resilience
Last month, I collaborated with the Chartered Institute of Internal Auditors on a joint letter to Rt Hon Jonathan Reynolds MP, Secretary of State for Business and Trade, urging immediate action on audit reform legislation to strengthen the UK’s digital resilience. The letter was supported by other cross-industry signatories. Our…
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Apr- 2025 -30 AprilNews-In-Brief
Today’s news in brief – 30/4/2025
CHW, a Bolton-based accountancy practice, will rebrand as Cowgills at the end of April, solidifying its identity within the Cowgills group, which it joined via a 2016 acquisition. The change supports Cowgills’ wider strategic goals following its recent acquisition of NRB in Wigan and integration into the Sumer Group in…
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30 AprilCrime
Fraud losses hit £2.3bn in 2024, RSM finds
The total reported amount lost to fraud reached £2.3bn in 2024, according to figures from a freedom of information request by RSM UK to Action Fraud. Total reported fraud losses rose by 6% to £2,255,491,192 in 2024, up from £2,115,281,935 the previous year, as fraudsters have become “increasingly sophisticated” at…
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Mar- 2025 -3 MarchNews-In-Brief
Today’s news in brief – 3/3/2025
Kreston Global achieved its highest-ever combined revenue of $3.12bn (£2.47bn) for the year ending October 2024, driven by significant expansion across four continents. Seven new firms joined the network, including Revicom (Italy), Kreston Thailand, and Kreston Eastern Caribbean. Audit and assurance services saw the most growth at 24%, while tax…
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Nov- 2024 -28 NovemberAdvice & Best Practice
What’s next for VAT in the UK? Get ready for the introduction of e-invoicing
In its Autumn 2024 Budget, the UK government outlined a package of reforms to the UK tax system. As part of this, HMRC will be launching a consultation on electronic invoicing (e-invoicing) in early 2025, to promote its wider use across UK businesses and government departments. Following on from the…
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26 NovemberBusiness
Interpath appointed joint administrators to Allplants Limited
Will Wright and Howard Smith from Interpath have been appointed joint administrators to Allplants Limited. Based in East London, Allplants is a plant-based pre-prepared meal manufacturer. Founded in 2016, the business has grown over the past nine years to develop a truly omnichannel offering, with its products available online and…
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21 NovemberFeatures
Mastering Financial Accuracy: How Trading Journals Transform Accounting Practices
In today’s complex financial landscape, maintaining accurate records has become increasingly challenging. The intersection of traditional accounting practices with modern trading activities demands robust documentation systems that adapt to rapid market changes while ensuring regulatory compliance. The Evolution of Financial Documentation Traditional financial record-keeping has transformed significantly in recent years.…
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13 NovemberNews-In-Brief
Today’s news in brief – 13/11/2024
RMT Accountants has acquired KSA Group, a restructuring firm, marking its third acquisition under the Sumer Group, a network for mid-market accountancy firms serving SMEs. The acquisition strengthens RMT’s presence in business recovery and insolvency. KSA’s 15-person team, including four directors and two licensed insolvency practitioners, will stay on, with…
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Oct- 2024 -18 OctoberLatest News
Job market remains ‘stagnant’, QuickBooks finds
The job market and employment numbers continue to decline, according to Intuit QuickBooks’ latest Small Business Index for September 2024. Job vacancies in UK small businesses dropped by 0.08%, with 100 fewer open positions, while employment saw a slight decline of 0.03%, translating to a loss of around 1,400 jobs. …
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