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Tuesday Morning Accounting News Brief: CPA Numbers Are Abysmal; PwC Blocked Government Inquiry | 5.30.23

Going Concern

Details shared among the AICPA’s governing council showed that even that figure was flattered by candidates from overseas. reportedly paid PwC US$55 million to establish a tax arrangement that shifted profits from the US to Switzerland, delivering tax savings estimated at more than US$2.4 In the 1990s and 2000s, Caterpillar Inc.

CPA 98
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Budget Addresses Key Changes to Agricultural Property Relief

Menzies

Menzies LLP - A leading chartered accountancy firm. New Tax Rules for Larger Farms The changes introduced mean that agricultural relief allowing land or pasture to be used to grow crops, or to rear animals, will be scrapped for farms worth more than 1m.

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Autumn Budget 2024 Commentary: Manufacturing

Menzies

Menzies LLP - A leading chartered accountancy firm. Tax reliefs for the UK’s world-leading creative industries, which will provide £15 billion of support over the next 5 years. The government is also increasing the minimum wages for Under 18s and Apprentices to £7.55 with the intention of driving economic growth.

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Autumn Budget 2024 Commentary: T&L Sector

Menzies

Menzies LLP - A leading chartered accountancy firm. By keeping fuel duty steady, the Government has shown awareness of the sector’s reliance on stable fuel pricing. From 6 April 2025, the Business Asset Disposal Relief tax rate will increase to 14%, and from April 2026, it will align with the main lower rate of 18%.

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Spring Statement: Pro-Innovation Tax System – Government must not retract their promise

Menzies

Menzies LLP - A leading chartered accountancy firm. Following Brexit, to make Britain more attractive to innovative companies and tech entrepreneurs, the UK government has been promising fiscal changes. Bold tax decisions now could accelerate the way to a brighter economic future.

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Friday Footnotes: Look What You Did, PwC; No Lakehouse This Year; India Wants Its Own Big 4 | 5.3.24

Going Concern

That PwC Thing Senate caravan not moving on from PwC [ The Mandarin ] Accounting firm PwC Australia has still a lot of work to do before it can move on from the tax leaks scandal, according to two members of a Senate committee looking into government procurement.

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Autumn Budget 2024: Key Takeaways for Care Homes

Menzies

Menzies LLP - A leading chartered accountancy firm. As the government seeks to finance its ambitious social welfare programs and public sector salaries, care homes may be subjected to higher business taxes and payroll taxes.