Using a CVA to tackle HMRC debt

Using a CVA to tackle HMRC debt

While a Time to Pay arrangement is one option to explore with clients, HMRC doesn’t always take into account the company’s other debt when putting these agreements in place. This can compound the issue and leave directors beholden to repayments they can no more afford...
Is a UK PEP still a PEP?

Is a UK PEP still a PEP?

In the wake of these stories, the Government announced that it was reviewing how domestic PEPs should be treated under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017. As of 10 January 2024, domestic...
Five biggest challenges accountants face this year

Five biggest challenges accountants face this year

Accounting professionals are no stranger to compliance and disclosure challenges. However, the risk that comes with getting it wrong has dramatically increased over the years, particularly in terms of reputation. Tim Pinkney, the Institute of Financial Accountants’...