This week’s news: 8-12 February 2016

As a major international trader, the UK has a problem with ‘dirty money’ - the proceeds of crime or corrupt activities - whether in this country or abroad. Criminals may set up legitimate-looking businesses to ‘launder’ this money – and your practice has a role to play in preventing it. Professional services firms of all types need to take immedia

HM Revenue and Customs may be upping the number and intensity of their investigations – which could mean that your clients could face an unexpected call from the taxman. It is understandable enough from the point of view of the treasury. They collected an extra £9.8billion through investigations into the UK's biggest 2,000 firms last year, more than £1 billion more

A recent survey has shown that small and medium-sized British businesses are tracking down late payments worth more than £50bn. The research suggested that SMEs - including your clients - are chasing an average of five outstanding invoices at any one time. They are owed an average of £8,5000 each - and spending more than an hour a day in the chasing.

Prime Minister Boris Johnson claimed that his plans spurred the most radical Queen’s Speech in a generation just before Christmas – and for the accountancy and audit profession, he could be right. But what exactly are these plans, and what will they mean for you? The government said that it will develop proposals on company audit and corporate reporting - includ

The government has launched a review into IR35, promised by Sajid Javid in the run-up to the election. What does this mean for your clients – and your practice? The changes to the IR35 rules – which would see most contractors taxed as employees have created an uproar among those affected, who saw the tax advantages of being a contractor being stolen away, wi

The internet has decimated the high street, and shoppers are deserting bricks and mortar stores for their online competitors. Debenhams, Mothercare, Sports Direct - with yet more much loved high street names joining the lists of those in trouble, it is time to look at what can you do when one of your retail clients comes to you teetering on the brink of disaster. One solution that