News

With the accountancy world constantly evolving it can be a challenge for practitioners to stay up-to-date with the latest news and insight on all they need to know to ensure they deliver a first-rate service to their customers. In addition to it’s CPD programme, in-person seminars and social channels, the CPAA news pages are a great way to digest relevant news content, find out more about legislative updates, review budgetary announcements and gain insight into some valuable in-depth feature articles.

Check out the more recent posts below or view our archive features by month via the right-hand column.

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Tax implications of electric vehicles

16 July 2018

The Government’s policy concerning electric vehicles appears confused and sometimes contradictory. In this article we set out the facts employers and accountants need to know.

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The new HMRC Agent Services Account

04 June 2018

This article is based on the information available at the time of writing, but the reader should be aware that HMRC’s plans for the implementation of Making Tax Digital are subject to change. HMRC has limited resources, and the changes in our taxation system as a result of Brexit means that those resources may need to be redirected.

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Businesses replacing assets – how to roll over the gain?

11 May 2018

What does it mean to roll over the gain? Rolling over the gain is a way of deferring the tax charge which arises when a business sells an asset at a gain and replaces it with another. Provided that the entire sale proceeds are used to buy the replacement, the tax arising on the first asset need not be paid until the second asset is sold. And if the sale proceeds of the second asset are again reinvested, the tax can be deferred a second time. In theory, it is possible to defer the tax continuously in this way until the business is eventually sold.

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GDPR, beyond the basics

20 April 2018

With just a handful of weeks remaining until the new era of GDPR is ushered in on Friday 25th May, most practitioners now have a GDPR strategy in place – or at least have a degree of understanding about what it will take to be compliant. As the deadline fast approaches, it is time to dig a little deeper into what working with GDPR will entail.

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The first Spring Statement – a round up and recap

19 March 2018

This year the traditional Spring Budget made way for the smaller, fewer bells and whistles, Spring Statement. It is now the Autumn main Budget that will take centre stage for the Chancellor to announce major new measures, tax and spending changes. Consequently, Philip Hammond delivered his statement earlier this month without much in the way of business or tax changes, but a few interesting announcements nonetheless.

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Are you too smart to be scammed?

09 February 2018

Research from the Take Five to Stop Fraud campaign has revealed that people could be leaving themselves vulnerable to financial fraud by thinking they are too smart to be scammed.

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The growing need for cyber resilience

12 January 2018

All things cyber, whether risk, attack, crime or resilience are never far from the headlines with companies of all shapes and sizes around the world vulnerable to attack in the online world. In terms of cyber resilience, cyber risk, cyber crime as well as headline grabbing cyber attacks (Equifax being just one recent example) it is perhaps stating the obvious that businesses and livelihoods will be under threat in the event of a failure of cyber resilience.

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Ringing in the regulatory changes with GDPR

15 December 2017

This Christmas Day will mark the five-month countdown to adoption of the EU General Data Protection Regulation (GDPR), which comes into force on 25th May 2018. While it may not be one to mull over during the forthcoming festivities, it is a topic that needs to be addressed in the New Year for practices with any gaps in their knowledge, or without adequate strategies in place for compliance.

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Autumn’s bountiful Budget

20 November 2017

Life at Westminster has been akin to a soap opera of late, with scandals, divisions and resignations aplenty. Moreover, this Autumn Budget was set against a backdrop of a snap-election that bloodied the Government’s nose, an opposition emboldened with a renewed vigour, the ongoing Brexit wrangling, and nations growing weary of austerity. Yet, despite this, it was a defiant Philip Hammond that took to the floor to present a relatively bullish Budget.

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Q&A With FRS 102 Expert, Val Steward

09 October 2017

Next month the CPAA will host a morning briefing on FRS 102 with expert speaker Valerie Steward. Here we pose a number of questions to Val to get more insight on the topic and find out what practitioners can expect:

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