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Affinia expands Midlands presence with Towcester acquisition

Affinia expands Midlands presence with Towcester acquisition

The Uncommon Practice appoints director to lead regional growth

The Uncommon Practice appoints director to lead regional growth

Talent shortages force accountancy firms to turn away clients

Talent shortages force accountancy firms to turn away clients

Topic Hub

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.

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.

Losses from error and fraud in R&D tax reliefs hit 16.7%

HMRC’s Annual Report and Accounts for 2022-23 has revealed that the overall level of error…

FRP Advisory finalises Woven Group sale

FRP’s multidisciplinary team has recently completed the sale of Woven Group in a deal…

Grant Thornton partners with Ataccama for AI data quality solutions 

Grant Thornton UK has partnered with global software company Ataccama to deliver AI powered…

Generative AI could give £31bn boost to UK economy, says KPMG

The adoption of Generative AI could add 1.2% to the level of UK productivity, accounting for…

UK losing £219bn to fraud each year, Crowe finds

Fraud is costing organisations and individuals in the UK £219bn each year, according to new…

ICAEW supports expanding cash basis for the self-employed

The ICAEW’s tax faculty has voiced its support to extend the cash basis for the…

MHA Auchlochan appoints Azets as administrators

MHA Auchlochan, the owner and operator of the retirement complex Auchlochan Garden Village,…

Mazars safeguards jobs with Dormeo sale

Mazars, the international audit, tax and advisory firm, has completed the sale of the…

KPMG settles £1.3bn Carillion lawsuit

KPMG has announced that it has reached a settlement on a £1.3bn lawsuit brought by the…

Tax dodging cost HMRC £9bn during Covid, says NAO

HMRC’s compliance work generated around £9bn less tax revenue than normal during the…
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