Audit & assurance Archives

Why having an audit can boost your business

Many directors will wince at the prospect of an audit, seeing it as a necessary evil to meet statutory obligations. But it should be viewed as a positive process. Independent scrutiny of your income and cash flow statements along with your balance sheet can make your...

FRC Proposes Major Overhaul of Auditing Standards

The Financial Reporting Council (FRC) has unveiled proposed changes to auditing standards that could have a major impact on the financial world.

Preparing for MTD for income tax

Let’s discuss how you can best prepare your business for MTD for income tax.

Changing NIC in July

The rates for national insurance contributions (NIC) increased by 1.25 percentage points for everyone on 6 April 2022.

Five key takeaways from the Spring Statement

The 2022 Spring Statement was delivered on Wednesday 23 March. Here are five key takeaways from the Chancellor’s speech at Westminster.

Spring Statement 2022

Against a backdrop of rising inflation, Chancellor Rishi Sunak presented his first Spring Statement on Wednesday 23 March 2022. In his Spring Statement, the Chancellor announced a cut in fuel duty for petrol and diesel as he sought to ease the impact of rising prices...