The audit is an opportunity to challenge management constructively and identify areas for improvement and efficiency.

Changes to UK GAAP will have a major impact on accounting rules for professional practices, says Nick Randall.

Equity markets started 2013 with more than their usual bout of new year enthusiasm.

The Pensions Regulator has reviewed its guidance on incentive exercises and replaced it with a short, principles-based statement.

The revelations that have been unearthed by the horsemeat scandal have highlighted a series of weaknesses in the food supply chain.

EBLEX has released its latest annual benchmarking report for the year ending 31 March 2012.

Michael Quach considers the state of the UK economy and questions the future of the Chancellor’s austerity drive.

The sporting glories of the summer provided a welcome distraction from the deep-seated problems of the global economy.

Since the last edition of Charities newsletter, HMRC has announced a change to the definition of ‘charity’ for VAT purposes.

Alternative dispute resolution (ADR) allows tax disputes to be revisited and resolved faster using an independent facilitator to mediate discussions between the taxpayer and the HMRC caseworker.

The Budget saw confirmation of the introduction of the new annual tax on enveloped dwellings with effect from 1 April.

With effect from 6 April 2012, there has been a reduced rate of inheritance tax (IHT) of 36% chargeable on death, provided that at least 10% of the net estate has been left to a qualifying charity.

As the flood waters recede, it is important that those affected take advice on the tax implications of any damage that their property may have incurred.

HMRC has launched a disclosure campaign aimed at those who have not declared tax on the sale of a property. September 2013.

Since the dawn of the desktop computer, massive advances in obtaining information have been made by tax officials around the world.

In June 2010 the Tax Health Plan (THP) came to a close. This plan had enabled medical professionals with undisclosed tax liabilities to settle their affairs with a fixed penalty of only 10%.

In 2008 HMRC embarked on the biggest change in its compliance powers for over a decade, which involved strengthening its powers and updating the various penalties it could charge, particularly for incorrect tax returns and late payments.

Identifying capital allowances can add significantly to cash flow benefits for profitable businesses.

The recent CJEU judgment in "Field Fisher Waterhouse" did not provide a decision but referred the case back to the UK courts.

This will provide an additional incentive for companies to commercialise existing patents and to develop new innovative patented products