Menzies

NOVEMBER 27, 2023

Menzies LLP - A leading chartered accountancy firm. Here’s what was announced: Full expensing to be made permanent ‘Full expensing’, which came into effect from 1 April 2023 and which replaced the super-deduction has now become a permanent measure and will no longer come to an end on 31 March 2026.

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Going Concern

NOVEMBER 15, 2024

The firm, MeritServus, was on the verge of being sanctioned by British authorities for helping hide assets tied to a key billionaire close to Russian President Vladimir Putin. Since 2005, MeritServus has not been part of, or affiliated with, Deloitte Cyprus or any other Deloitte firm,” the accounting firm told The Guardian.

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Menzies

OCTOBER 24, 2024

Menzies LLP - A leading chartered accountancy firm. The changes are intended to reduce the complexity and administrative burden for companies and will directly impact the type of accounts a company is required to prepare and whether the company is required to have a UK statutory audit.

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Menzies

APRIL 23, 2024

Menzies LLP - A leading chartered accountancy firm. Changes to payrolling benefits April 2026 From April 2026, payrolling benefits in kind will be made compulsory via your payroll software and this will remove the need for employers to submit a P11D at the end of the year. What do you need to know?

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CPA Practice

OCTOBER 30, 2024

Aprio , a top 25 business advisory and accounting firm, has released its 2024 End of Year Tax Update , highlighting 2024 tax updates and factors that will significantly impact tax planning for 2025 and beyond. Notably, the guide hones in on the planned sunset of provisions made to the 2017 Tax Cuts and Jobs Act (TCJA).

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Menzies

FEBRUARY 14, 2024

Menzies LLP - A leading chartered accountancy firm. Clean energy Promote investment in renewable and energy-efficient projects by offering fiscal and financial incentives, such as the extension of full expensing of capital allowances beyond March 2026.

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Menzies

APRIL 29, 2024

Menzies LLP - A leading chartered accountancy firm. The changes are intended to reduce the complexity and administrative burden for companies and will directly impact the type of accounts a company is required to prepare and whether the company is required to have a UK statutory audit.

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Menzies

JUNE 5, 2024

Menzies LLP - A leading chartered accountancy firm. LATEST UPDATE Groups within the scope of Pillar 2 in the UK will need to register with HMRC within 6 months of the Group’s first accounting period starting on or after 31 December 2023. WHAT IS PILLAR 2?

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Menzies

MARCH 6, 2024

Menzies LLP - A leading chartered accountancy firm. Running until the end of March 2026, this scheme offers a 70% government backed loan to SMEs of up to £2m, offering an opportunity for SME tech companies in their growth phase.

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CPA Practice

JUNE 13, 2024

The Public Company Accounting Oversight Board (PCAOB) on June 12 updated a nearly 20-year-old rule on auditor conduct, making it easier for the audit regulator to hold associated persons of an accounting firm accountable when their negligence “directly and substantially” causes the firm to violate auditing standards.

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CPA Practice

MAY 2, 2023

The baby boomer generation retiring at a rapid pace is leaving a significant gap in the accounting industry, and firms are struggling to replace experienced professionals. Annual Replacement Employment for accountants and auditors in the US was 114,730 between 2020-2021, projected to rise to 129,627 by 2025-2026.

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Menzies

AUGUST 21, 2023

Menzies LLP - A leading chartered accountancy firm. This relief is temporary and will end on 31 March 2026 but for companies that take advantage of it will enable up to £250 of each £1,000 of capital spend to be recovered against their tax bill and so potentially significant tax savings are available. What is Full Expensing?

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Menzies

NOVEMBER 30, 2023

Menzies LLP - A leading chartered accountancy firm. The consultation feedback on the exposure draft has since led to a delay in the expected implementation date, with the revised version expected to come into effect for periods commencing on or after 1 January 2026. What date does FRED 82 come into effect?

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Going Concern

AUGUST 23, 2023

Reports The Guardian : More than 1,000 partners at the UK division of the “big four” accounting firm PwC will be paid £906,000 this year, a slight fall on last year’s record payout as profits fell despite rising revenues. Last year, 950 PwC UK equity partners were treated to record-breaking £1 million pound ($1.2

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Menzies

FEBRUARY 13, 2024

Menzies LLP - A leading chartered accountancy firm. MTD for income tax MTD for income tax is set to be implemented from April 2026. This Spring Budget will be announced against a backdrop of plateaued economic growth, diminishing living standards and above target inflation.

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Going Concern

FEBRUARY 26, 2024

National Review wins for best headline : The PCAOB has released EY Canada’s latest inspection report, they got a D : Big Four accounting firm Ernst and Young had multiple deficiencies in half the audits inspected by the Public Company Accounting Oversight Board in the United States in 2022. deficiencies).

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Menzies

DECEMBER 8, 2023

Menzies LLP - A leading chartered accountancy firm. There will be a transition period up to 2026, after which, CBAM certificates must be bought, to offset the cost of embedded carbon and other emissions. What is it? Contracts and incoterms will need reviewing, to ensure the importer is compliant with CBAM requirements.

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Menzies

MAY 11, 2023

Menzies LLP - A leading chartered accountancy firm. Read on if you and your manufacturing company falls into one of the following categories: – For manufacturing companies investing in significant pieces of plant and machinery can be key to driving business growth. Should surplus cash be used?

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Going Concern

SEPTEMBER 13, 2023

PwC is planning to give up tens of millions of dollars of consulting work for its US audit clients to reduce the risk of conflicts of interest, challenging its rival Big Four firms to follow suit. We have really good competitors but what they do is up to them,” said Tim Ryan, senior partner of PwC US.

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Menzies

NOVEMBER 9, 2023

Menzies LLP - A leading chartered accountancy firm. Extending Full Expensing Capital Allowances: Recognising the capital-intensive nature of the manufacturing industry, we advocate for the extension of the full expensing capital allowances regime beyond March 2026.

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Menzies

MARCH 25, 2024

Menzies LLP - A leading chartered accountancy firm. Compulsory Payrolling of Benefits Payrolling of benefits will become the default mandatory method for reporting taxable benefits from 6 April 2026. As another UK tax year draws to a close, here is a summary of the employer’s reporting deadlines that are approaching.

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Menzies

JULY 9, 2024

Menzies LLP - A leading chartered accountancy firm. The UK electorate may have voted for a change in government, but underpinning the Labour manifesto is a strong emphasis on stability.

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Going Concern

NOVEMBER 23, 2022

18], the Public Company Accounting Oversight Board approved its fiscal year 2023 budget and 2022-2026 strategic plan. […]. As it pertains to inspections, the budget provides resources that will allow us to enhance our work to assess whether accounting firms are complying with applicable laws, rules, and standards.

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Withum

FEBRUARY 26, 2024

It’s a chance for us to get together with our industry contacts, clients, and other accounting firms to discuss hot topics for the current year and the upcoming year. We highly recommend the event to our clients, bank contacts, and other accounting firms.

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Menzies

JANUARY 5, 2024

Menzies LLP - A leading chartered accountancy firm. These came in from 1 April 2023 and run until 31 March 2026 and can be used in conjunction with the AIA. There is also a 50% first year allowance for integral features such as solar panels under the new ‘full expensing’ rules.

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Going Concern

JANUARY 16, 2024

The firm had the distinction, based on data provided to Canadian Accountant by Audit Analytics, of acquiring the highest number of new engagements in Canada in 2022. Under new transparency rules implemented by CPAB in 2023, Borgers is the second American accounting firm to have its ban publicly disclosed by the audit watchdog.

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Cherry Bekaert

NOVEMBER 9, 2023

Carbon Accounting and Reporting is a critical component of Environmental, Social, and Governance (ESG) and ideally should be handled by a CPA or accounting firm. The bill will require more than 5,000 U.S. When Do These ESG Compliance Standards Go Into Effect? Both the IFRS and CSRD begin on January 1, 2024.

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Menzies

MARCH 22, 2023

Menzies LLP - A leading chartered accountancy firm. These come in from 1 April 2023 and run until 31 March 2026 and can be used in conjunction with the AIA. There is also a 50% first year allowance for integral features such as solar panels under the new ‘full expensing’ rules.

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Going Concern

JANUARY 20, 2023

Practice Management How firms use stay interviews to boost retention [ Journal of Accountancy ] Job interviews have long been an essential part of the hiring process. But now, some public accounting firms are turning the lens on themselves. In 2020, it said the process would be complete by 2026.

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Going Concern

JANUARY 12, 2024

The auditor in question was Deloitte, the behemoth Big Four accounting firm with annual revenue of $65 billion through a global network that stretches from Amsterdam to Zhengzhou. Dunckley’s decision to step down came as a surprise to many, as he was expected to remain in his role until the end of 2026.

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CPA Practice

MARCH 13, 2024

For example, if you know a partner is retiring in 2026, you might involve a manager in client meetings this tax season or have them act as the point of contact during this year’s annual audit. Fostering long-term relationships and driving firm success. — The result?

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Going Concern

OCTOBER 4, 2022

That was the last time PwC held the distinction of being the world ’s biggest accounting firm by revenue, edging Deloitte by a $35.4 The firm said it ’s ahead of pace with its target set last year to hire 100,000 (net) additional professionals by 2026. billion to $35.2 billion margin.

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Menzies

OCTOBER 30, 2024

Menzies LLP - A leading chartered accountancy firm. Therefore it is expected that many of the changes will not come into effect until 2026. The government published its much-anticipated Employment Rights Bill on 10 October, to meet its promise to bring this in within its first 100 days in power.

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Going Concern

JUNE 2, 2022

15 May 2026. Plus there’s the lure of deductions when it comes to in-person feeding, surely something top of mind for accounting firm partners looking for cheap easy ways to reward their people that don’t involve dipping too deep into those record-breaking revenues. National Pizza Party Day dates. 19 May 2023.

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Menzies

FEBRUARY 13, 2024

Menzies LLP - A leading chartered accountancy firm. We would like to see suitable commitments and practical plans to improve HMRC service levels and for these to be addressed before any potential introduction of Making Tax Digital for self-employed businesses in April 2026.

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Menzies

JANUARY 4, 2024

Menzies LLP - A leading chartered accountancy firm. Albania, Australia, Belgium, Greece, France, Hungary, Kenya, Poland, Saudi Arabia, Serbia, Spain, Tunisia, Turkey) with about half that number again bringing in rules by the end of 2026 (e.g.,

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Menzies

JULY 26, 2023

Menzies LLP - A leading chartered accountancy firm. Where a business has moved ‘at risk’ goods into Northern Ireland, it may be eligible to claim for repayment of any duty paid on import, or remission of import duty deferred.

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