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.
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.Read more
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.Read more
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.Read more
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.Read more
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.Read more
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.Read more
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.Read more
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:Read more
Moving your practice into the MTD world
11 September 2017
On the 13 July 2017, HM Treasury published its second Finance Bill of 2017, which included changes to the proposed Making Tax Digital for Business scheme.Read more
The continuing evolution of MTD
25 August 2017
Making Tax Digital has seen an interesting few months, where something and nothing has changed. Once lauded by former Chancellor, George Osborne, as a “revolutionary simplification of tax”, we are now a couple of years down the line and the reforms have struggled to fully gain industry confidence, lost some of their grandeur, and have been pushed further and further back. Here, we look at the most recent announcements concerning MTD and what the future now holds.Read more