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Tax and financial reporting

News from the London Accountant magazine, the official publication of the London and Croydon Societies of Chartered Accountants.

Demand for auditors will remain strong despite challenges

Jamie Tomlin May 2019

With audit and accounting at a crossroads, LSCA Technical Committee Chair Jamie Tomlin reflects on the changes over the past three decades, but remains convinced the quality of people in the profession will ensure demand for its services will continue.

Safe space needed for audit quality evidence

Helen Brennan May 2019

ICAEW is well placed to act as a safe space to allow auditors the chance to provide the volume and quality of evidence, without fear of repercussion, that is necessary to inform the current debate and keep cool heads, argues LSCA President Helen Brennan.

Time well spent at LSCA Practitioners’ Conference

Justin Silverman May 2019

From hardcore CPD tax updates to creating a cloud-based practice, with plenty of MTD thrown, LSCA Treasurer Justin Silverman finds there was plenty on offer at the latest Practitioners’ Conference.

UK going concern proposal moves away from international audit standard

Jamie Tomlin April 2019

In response to the criticism the auditing profession has received following major corporate failures, the Financial Reporting Council has issued proposed amendments to ISA 570 Going Concern, which would substantially move the UK away from the international standard, writes Jamie Tomlin.

Spring Statement 2019: housing boost for west London

April 2019

In what was a downbeat Spring Statement overshadowed by Brexit uncertainty, the chancellor pledged funds for housing in west London, but more cash for the Met to fight knife crime in the capital seen as a ‘drop in the ocean’.

Digital Services Tax concerns raised by ICAEW

April 2019

ICAEW has responded to the UK consultation on a Digital Services Tax and to the OECD consultation on addressing the tax challenges of the digitalisation of the economy.

Family business options to share value

April 2019

The Tax Discussion Group recently revisited issues of a family business, this time looking carefully at the options available for share ownership between the parents and their children.

MTD will force changes for today’s accountants

Viresh Paul April 2019

As the MTD for VAT regime kicks off from the beginning of this month, North West London Society chair Viresh Paul fears the only winners will be the software vendors.

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