News and Updates | RJK ARFEEN & CO

Value of Fraud Cases reaching UK Courts decreased in H1 2019

21 August 2019, 2:41 pm

Roy Waligora, KPMG UK head of investigations said: “We are noting a worrying move from criminals simply hacking as a means to an end to being industrialised personal data brokers on the dark web.

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Tilney and Smith & Williamson confirm merger talks

20 August 2019, 3:35 pm

A merger between the two firms would form a £45bn group and one of the largest wealth managers in the UK, in terms of assets managed.

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Audit news round-up

16 August 2019, 1:10 pm

It has been a busy week for the large accountancy firms, which has seen Grant Thornton quitting Sports Direct leaving the retail giant in audit-limbo, PwC has won the job of managing the remaining Northern Rock assets, Deloitte were reported to the FRC, and KPMG ousted their head of UK consulting.

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Grants awarded to drive SME lending and payment service development

15 August 2019, 10:49 am

Board of Banking Competition Remedies awards £10m grants to four fintechs, including Modulr, to drive expansion of lending or payments services to SMEs.

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Accountancy sector encouraged to think about future talent recruitment

13 August 2019, 3:46 pm

Financial firms should not be afraid to utilise Generation Z and socio-economic diverse talent, research suggests.

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3,800 businesses miss VAT deadlines due to MTD struggles

12 August 2019, 11:33 am

National accountancy group UHY Hacker Young have said that 3,860 businesses have missed the deadline, and almost 600,000 businesses out of 1.2 million still need to sign up to MTD.

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Record fall in number of non-domiciled taxpayers

9 August 2019, 2:19 pm

There were an estimated 78,300 people claiming non-domiciled taxpayer status in the UK on their Self-Assessment tax returns in 2017-18, which fell from 90,500 in the previous year, which represents a fall of 13.5%.

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Small businesses more likely to overpay taxes than be fined

9 August 2019, 11:36 am

Research commissioned by QuickBooks has found a lack of confidence among business owners when it comes of filing their VAT, with just 1-in-4 (27%) saying they are confident that they filed their VAT accurately.

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CIOT calls on HMRC to delay VAT reverse charge

8 August 2019, 4:15 pm

Some 150,000 businesses in the construction and building sector will be affected by the change, and the CIOT is concerned there will be a flurry of disputes between suppliers and customers over whether or not VAT should be charged.

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MTD: just 12% of decision makers feel ‘very prepared’

8 August 2019, 10:49 am

A YouGov poll has shown that businesses do not feel prepared for the change Making Tax Digital brings, with 57% saying they felt ‘unprepared’ and only 12% said they were ‘very prepared’.

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